SINGAPORE/LONDON (Reuters) -The pain, said Shuntaro Takeuchi, was 10 out of 10. Not in the portfolio of Japanese stocks he runs out of Palo Alto, California, but in his appendix. The 10 trading days since U.S. President Donald Trump hit automakers with tariffs have been the most convulsive since the pandemic panic of 2020, as prices of stocks to bonds, oil, gold and even the U.S. dollar itself have swung wildly.
In response to a trade war that experts say will hurt contractors in both countries, some Canadian jurisdictions have blocked U.S. firms from bidding on government contracts.
The tit-for-tat retaliation between the U.S. and China could wipe out all bilateral trade between the the world's two largest economies.
Chinese bourses have set daily restrictions on net share sales by hedge funds and large retail investors, four sources said on Friday, as Beijing steps up support for its stock markets in an intensifying trade war with the United States. Two investor sources said a soft limit on daily net sales by individual hedge funds and big retail investors - implemented through verbal warnings from brokerages - had been set at 50 million yuan ($6.83 million). Failure to comply risked a suspension of trading accounts by the stock exchanges, which have issued the directive, two brokerage sources said.
BlackRock's assets increased to a record high value in the first quarter, but the CEO of the world's largest asset manager said anxiety was dominating markets, even if the recent selloff did not pose risks to financial stability. That rise came despite broader weakening in U.S. stocks in the first quarter, as market optimism over U.S. President Donald Trump's return to the White House was followed by economic uncertainty caused by announcements of large U.S. tariffs on trade partners. "Uncertainty and anxiety about the future of the markets and the economy are dominating each and every client conversation," BlackRock's CEO and Chairman Larry Fink said.
Money market account rates vary widely. So which banks are offering the best money market account rates today? Find out here.
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SINGAPORE (Reuters) -As Donald Trump's grand plan to redefine global trade whipsaws the U.S. dollar, investors who hold tens of trillions' worth assets in the currency may for the first time in decades be seeking ways to protect the value of those holdings. Such has been the unquestionable faith in the dollar for years that just a fraction of the $33 trillion of global money invested in U.S. markets is protected, or hedged in market parlance, for currency volatility. That may have changed this week as the dollar and U.S. Treasuries - both historically first among equals as refuges during crises - became the biggest casualties of a market rout triggered by the U.S. President's reciprocal trade tariffs.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Limbach (NASDAQ:LMB) and the rest of the construction and maintenance services stocks fared in Q4.
Looking back on general industrial machinery stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Luxfer (NYSE:LXFR) and its peers.