US stock futures wavered after investor optimism largely persisted for another day despite growing warnings that relief over trade developments could be short-lived. Futures attached to the Dow Jones Industrial Average (YM=F) rose 0.1%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) traded flat. On Monday, stocks ticked up
The past four months of Donald Trump’s second presidency in the US was nothing less than a roller-coaster ride for global trade as he managed to bully and bring its trading partners around the negotiating table and dictate the terms. India, the first country to engage in a bilateral trade with the US, has now
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
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
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
JPMorgan Chase and Bank of America say the US stock market’s recovery will likely be short-lived. JPMorgan’s trading team believes that the US stock market has a bit more upside potential in the near term amid the de-escalation of President Trump’s trade war, reports Bloomberg. But the firm warns that the true impact of Trump’s
The price of gold has been on a monumental rally in recent weeks, driven by renewed demand amid rising economic and geopolitical tensions. Experts credited the surge to buying from the Asian market, and China in particular, telling Newsweek that gold bugs in both the public and private spheres appear to be increasingly banking on
Wall Street economists are tweaking their GDP growth estimates as new data trickles in, with Trump’s tariff whipsaw still firmly in the background. The Atlanta Fed’s GDPNow tool, which uses already released data to forecast the quarterly pace of economic growth, now projects that GDP fell by 2.2% in the first three months of the
Wall Street economists are tweaking their GDP growth estimates as new data trickles in, with Trump’s tariff whipsaw still firmly in the background. The Atlanta Fed’s GDPNow tool, which uses already released data to forecast the quarterly pace of economic growth, now projects that GDP fell by 2.2% in the first three months of the
Delta (DAL) and Walmart (WMT) on Wednesday started what is sure to be a lengthy period of companies cutting or withdrawing their forecasts as a result of tariff uncertainty. But cutting guidance so an executive team can buy itself time to figure out what constitutes success for its business under this new tariff regime is