Wall Street's winners and losers during Trump's 100 days at White House
  • April 29, 2025

Wall Street's winners and losers during Trump's 100 days at White House

(Reuters) -The dramatic shift in U.S. domestic and foreign policy since President Donald Trump returned to the White House on January 20 has sent shockwaves across global financial markets. Trump's multi-front trade war and constant flip-flops on tariffs have upended supply chains, clouded business outlooks and stoked fears of a recession in the U.S. The S&P 500 has lost nearly 8% since his January 20 inauguration. Data analytics provider Palantir, which works with the Department of Homeland Security, has surged nearly 60% since Trump came into power as the Department of Defense prioritizes a new software acquisition effort to enhance the U.S. military.

S&P Global sees credit rating breathing room for trade war rivals US and China
  • April 29, 2025

S&P Global sees credit rating breathing room for trade war rivals US and China

LONDON (Reuters) -The United States and China are unlikely to see a rapid hit to their credit ratings from a trade war, S&P Global's top sovereign analyst has said, with damage more likely concentrated on poorer countries and those already on downgrade warnings. S&P reaffirmed its "stable" outlook on its AA+ U.S. sovereign credit rating days before President Donald Trump announced his sweeping round of global trade tariffs in early April. It cited the U.S.' near 100%-of-GDP government debt level and a fiscal deficit running at 6%-7% of GDP as its key credit weaknesses, while it also pointed to the significant uncertainty around Trump's trade moves and other policies.