Trump’s tariff shift still has markets, industry groups panicked
  • April 11, 2025

Trump’s tariff shift still has markets, industry groups panicked

(Bloomberg) -- President Donald Trump is casting his latest tariff plan as a strategic win. Markets and business leaders only see more chaos ahead. Most Read from BloombergMidtown Office Building Evacuated on Concerns of Wall CollapseIn Chicago, a Former Steel Mill Looks to Make a Quantum LeapThe Secret Formula for Faster TrainsNYC Tourist Helicopter Crashes in Hudson River, Killing SixInside the Quiet, Extravagant Expansion of the Frick CollectionStock plunged on Thursday, as anxiety spiked amo

Ten trading days that shook financial markets
  • April 11, 2025

Ten trading days that shook financial markets

SINGAPORE/LONDON (Reuters) -The pain, said Shuntaro Takeuchi, was 10 out of 10. Not in the portfolio of Japanese stocks he runs out of Palo Alto, California, but in his appendix. The 10 trading days since U.S. President Donald Trump hit automakers with tariffs have been the most convulsive since the pandemic panic of 2020, as prices of stocks to bonds, oil, gold and even the U.S. dollar itself have swung wildly.

Exclusive-Chinese exchanges restrict daily stock sales as trade war with US escalates, sources say
  • April 11, 2025

Exclusive-Chinese exchanges restrict daily stock sales as trade war with US escalates, sources say

Chinese bourses have set daily restrictions on net share sales by hedge funds and large retail investors, four sources said on Friday, as Beijing steps up support for its stock markets in an intensifying trade war with the United States. Two investor sources said a soft limit on daily net sales by individual hedge funds and big retail investors - implemented through verbal warnings from brokerages - had been set at 50 million yuan ($6.83 million). Failure to comply risked a suspension of trading accounts by the stock exchanges, which have issued the directive, two brokerage sources said.

BlackRock assets hit record but Fink warns of market anxiety
  • April 11, 2025

BlackRock assets hit record but Fink warns of market anxiety

BlackRock's assets increased to a record high value in the first quarter, but the CEO of the world's largest asset manager said anxiety was dominating markets, even if the recent selloff did not pose risks to financial stability. That rise came despite broader weakening in U.S. stocks in the first quarter, as market optimism over U.S. President Donald Trump's return to the White House was followed by economic uncertainty caused by announcements of large U.S. tariffs on trade partners. "Uncertainty and anxiety about the future of the markets and the economy are dominating each and every client conversation," BlackRock's CEO and Chairman Larry Fink said.