U.S. President Donald Trump's decision to pause the hefty duties he had said he would impose on dozens of countries one week ago followed turmoil in financial markets that included an acute selloff in the $29 trillion Treasury market. Trump said on Wednesday the bond market had recovered well after investors became queasy about it in reaction to his tariff announcements. "The bond market now is beautiful," he told reporters.
With markets crashing after U.S. President Donald Trump announced his latest tariffs, Citigroup’s banking head Viswas Raghavan called a global meeting of senior bankers on Monday and told them to get on the phone with their clients. Raghavan's message was simple, according to one banker on the call: Stay close to clients because if you do not, a competitor will. Raghavan told them to assure clients that Citi, which nearly collapsed during the 2008 financial crisis, had plenty of funds this time to weather the tariff storm, said the banker, one of two who recounted the call.
Looking for the best money market account interest rates available today? Here’s where to find the highest rates. Is a good time to open a money market account?
Demand for warehouses used to move goods through Los Angeles County ports is expected to fall if widespread tariffs take effect, potentially damaging the economic vitality of one of the world's largest industrial real estate markets.
The cost of insuring against sovereign and corporate defaults on European and Asian debt fell on Thursday as investors breathed a sigh of relief at a pause on some of the heaviest U.S. tariffs. U.S. President Donald Trump on Wednesday stunned markets with an abrupt decision to introduce a 90-day pause on the import tariffs on dozens of countries that were due to come into effect, with the exception of China.
(Bloomberg) -- Even after Wednesday’s furious rebound in US stocks, the chances that the S&P 500 Index will end the year with a gain remain slim, if history is any guide.In the 16 times the US stock benchmark has dropped 15% or more at any point in a year, like it had before the rally, the S&P 500 has only recovered to end the 12-month period positive on three occasions, according to data compiled by Ryan Detrick at Carson Group LLC. Those instances — 2020, 2009, 1982 — occurred in times when th
(Reuters) -Wall Street's main indexes fell on Thursday on concerns over the impact of high tariffs on global economy, with stocks pulling back from the sharp gains a day ago when U.S. President Donald Trump moved to temporarily lower the levies on some countries. The U-turn came less than 24 hours after the new tariffs took effect on most trading partners, lifting the S&P 500 to its biggest single-day percentage gain since 2008 on Wednesday. The Nasdaq posted its biggest one-day jump since 2001.
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the data & business process services industry, including Broadridge (NYSE:BR) and its peers.
Let’s dig into the relative performance of Plug Power (NASDAQ:PLUG) and its peers as we unravel the now-completed Q3 renewable energy earnings season.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Eli Lilly (NYSE:LLY) and its peers.