BofA says one 'monster' trend shows no one really believes Trump's tariffs will spark recession or a bear market
"Global investors are not anywhere close to short US or global equities," Bank of America's Michael Hartnett said this week.
"Global investors are not anywhere close to short US or global equities," Bank of America's Michael Hartnett said this week.
(Bloomberg) -- European Union member states are pushing for a possibility of deviating from gas storage targets over the next two years if market prices excessively boost the cost of replenishing reserves.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite Cost-Cutting
Recession talk is growing, with Goldman Sachs raising its recession probability to 20% recently. Pain is also being felt in households and the stock market.
US stock futures traded flat as Wall Street digested mixed messages from the Federal Reserve in the wake of its decision to hold interest rates steady.
FedEx stock tumbled after it slashed guidance for the full year. Its CFO said the revised outlook reflects "uncertainty in the US industrial economy."
The US stock market has been the gold standard for decades. But investors around the globe are growing increasingly nervous about the fallout from President Donald Trump’s economic agenda. That has sent traders in search of stocks in Europe and Asia.
Shares of Boeing surged Friday afternoon to lead Dow Jones Industrial Average gainers after President Donald Trump named the plane maker the winner of a contract to build the U.S. Air Force's next-generation fighter jet, the F-47.
Tesla shares surged Friday, but still declined for the ninth consecutive week.
(Bloomberg) -- Wall Street banks including JPMorgan Chase & Co. and Morgan Stanley have made investor-friendly changes to some leveraged loan offerings, as uncertainty around President Donald Trump’s economic and regulatory policies roils global markets.Most Read from BloombergChicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsDespite Cost-Cutting Moves, Trump
Shares of educational publishing and media company Scholastic (NASDAQ:SCHL) jumped 15.2% in the morning session after the company delivered strong first-quarter (fiscal Q3 2025) results, with profits significantly exceeding expectations as both EPS and EBITDA outperformed Wall Street's estimates.