Markets kicked off last week on a cautious note after President Donald Trump announced late Friday a 100% tariff on Chinese imports. By week’s end, Trump had softened his stance, calling the current tariffs on China “unsustainable” and confirming plans to meet with Chinese President Xi Jinping later this month …
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The United States government shutdown entered its 17th day on Friday, making it the third-longest in modern American history as lawmakers remain deadlocked over a funding agreement. The Senate has failed ten times to advance legislation that would reopen the government, and with the upper chamber now adjourned for the …
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U.S. stock index futures slipped further on Friday, extending the previous session’s selloff as renewed concerns over regional bank stability, U.S.-China trade frictions, and the prolonged government shutdown pressured market sentiment. At 06:10 ET (10:10 GMT), Dow Jones Futures were down 340 points (0.7%), S&P 500 Futures lost 67 points …
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Crude on Track for 3% Weekly LossOil prices extended their decline on Friday, heading toward a weekly loss of nearly 3%, as traders weighed the impact of a surprise diplomatic breakthrough between U.S. President Donald Trump and Russian President Vladimir Putin alongside bearish supply data from the Energy Information Administration …
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The Bank of Japan (BOJ) reaffirmed its cautious yet tightening stance on Friday, as Deputy Governor Shinichi Uchida said the central bank will continue raising interest rates if economic and inflation trends develop in line with its forecasts. Gradual Rate Hike Path Contingent on Data Speaking before Japan’s credit unions, …
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Bitcoin fell on Thursday, extending its decline after last week’s flash crash as traders remained risk-averse amid renewed U.S.-China trade tensions and ongoing concerns over regulatory developments. Bitcoin Struggles to Regain Momentum The world’s largest cryptocurrency dropped 1.3% to $111,031 by 05:10 GMT (01:10 ET), slipping after attempts to stabilize …
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Gold prices surged to new record highs in Asian trading on Thursday, marking a fourth consecutive session of all-time peaks, as renewed U.S.-China trade tensions and rising expectations of Federal Reserve rate cuts intensified demand for the precious metal. Spot gold climbed 0.7% to $4,237.87 per ounce by 04:25 GMT …
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A wave of credit anxiety rippled through U.S. markets on Thursday, dragging both regional bank stocks and Bitcoin lower as investors began to spot the first visible cracks in traditional finance. The trigger came from renewed concerns over bad loans and bankruptcies, fueling fears that more trouble could be lurking …
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The protracted government shutdown crisis deepened on Thursday as the Senate rejected a funding measure for the tenth time, signaling a complete political stalemate and prolonging the financial pain felt across the nation.Failure to Advance The repeated failure to secure the necessary votes highlights the intractable nature of the negotiations. …
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As the Federal Reserve prepares for its late-October meeting, an internal debate has intensified over how aggressively to ease monetary policy in the face of a slowing U.S. labor market and rising geopolitical tension.Federal Reserve Governor Stephen Miran has renewed his call for a half-percentage-point interest rate cut, arguing that …
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