Investors worldwide are assessing the US-China deal to reduce their hefty rates of reciprocal tariffs, slashed by 115 percentage points to 10% on both sides. Aaron Hill, FP Markets’ chief analyst This “marks a pivotal moment in global trade dynamics. However, the 90-day timeframe indicates these tariff cuts are a negotiation tactic rather than a
Stocks rose at the open on Wall Street on Friday after President Trump suggested cutting US tariffs on Chinese imports. His comment fueled further optimism that the trade war is easing ahead of talks between Treasury Secretary Scott Bessent’s team and Chinese officials in Switzerland this weekend. The Dow Jones Industrial Average (^DJI) edged up
Warner Bros. Discovery (WBD) stock rose as much as 6% Thursday before paring some gains, driven by ongoing speculation about a potential company breakup. CNBC’s David Faber said on air that an announcement could come “in the not-too-distant future,” suggesting WBD may be preparing to fully separate its declining linear cable networks from its studio
The steep recovery in equity markets over the past two weeks is typical of bear market rallies, and the erratic swings mean almost every investor will experience pain whichever direction the market suddenly moves. Goldman Sachs Group (GS) strategist Peter Oppenheimer said “the asymmetry for equity investing is poor. Sharp rallies within bear markets are
Netflix (NFLX), Warner Bros. (WBD), and other media stocks fell Monday following President Trump’s call for a 100% tariff on all foreign-produced films. Stocks recouped steeper losses by mid-morning, although Netflix continued to lead the declines, down about 2%. Warner Bros. Discovery and Paramount Global (PARA) slipped around 1% after also recovering from earlier session
Netflix (NFLX), Warner Bros. (WBD), and other media stocks fell Monday following President Trump’s call for a 100% tariff on all foreign-produced films. Stocks recouped steeper losses by mid-morning, although Netflix continued to lead the declines, down about 2%. Warner Bros. Discovery and Paramount Global (PARA) slipped around 1% after also recovering from earlier session
Two readings on activity in the services sector painted a mixed picture of the state of US economic activity. The Institute for Supply Management’s ISM services index increased to 51.6 in April, its highest reading since January 2023. “Regarding tariffs, respondents cited actual pricing impacts as concerns, more so than uncertainty and future pressures,” Chair
US stock futures climbed after a day of Wall Street digesting earnings reports from Apple (AAPL) and Amazon (AMZN) as news broke that China and the US are opening the door towards tariff negotiations. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) climbed 0.7%. Futures attached to the
US stock futures climbed after a day of Wall Street digesting earnings reports from Apple (AAPL) and Amazon (AMZN) that came with warnings of economic headwinds ahead. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) climbed 0.7%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) ascended 0.5%. CBOT
The latest reading of the Fed’s preferred inflation gauge showed inflation eased in March as investors brace for an uptick in pricing pressures following the implementation of President Trump’s tariff agenda. The core Personal Consumption Expenditures (PCE) index, which strips out the cost of food and energy and is closely watched by the Federal Reserve,