The major U.S. equities indexes edged higher at midday Friday after wavering between losses and gains throughout the morning, as investors digested a slew of bank earnings and China hiked tariffs on U.S. goods.
Masters patrons infamously aren’t allowed to bring cell phones to Augusta National.
(Bloomberg) -- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he expects “a kerfuffle” in the US Treasury market that prompts a Federal Reserve intervention. Most Read from BloombergThe Secret Formula for Faster TrainsMidtown Office Building Evacuated on Concerns of Wall CollapseIn Chicago, a Former Steel Mill Looks to Make a Quantum LeapNYC Tourist Helicopter Crashes in Hudson River, Killing SixInside the Quiet, Extravagant Expansion of the Frick Collection“There will be a kerfuf
Concerns about an escalating trade war between the US and China still remain after the latter retaliated against steep US tariffs.View on euronews
Stronger-than-expected profit reports from major banks such as JPMorgan Chase and Morgan Stanley did little to cheer investors as well.View on euronews
(Bloomberg) -- On the night of April 8, as US stocks reeled and Treasuries were selling off, a group of senators put it to President Donald Trump plainly: the market was in freefall because of his tariffs and he needed to lower the temperature. Most Read from BloombergThe Secret Formula for Faster TrainsMidtown Office Building Evacuated on Concerns of Wall CollapseIn Chicago, a Former Steel Mill Looks to Make a Quantum LeapNYC Tourist Helicopter Crashes in Hudson River, Killing SixInside the Qui
President Donald Trump and his advisers said this was the plan all along: Scare the bejesus out of the world by announcing astronomically high tariffs, get countries to come to the negotiating table, and — with the exception of China — back away from the most punishing trade barriers as America works out new trade agreements around the globe.
Shares of Newmont and other miners surged Friday, while the price of gold climbed to fresh highs as investors flocked to safe haven assets amid economic uncertainty.
Argentine peso futures have weakened sharply in recent days as traders place tentative bets on a faster depreciation of the embattled currency amid uncertainty over the exchange rate regime ahead of a deal with the International Monetary Fund. The April peso future contract has weakened to around 1,180 per dollar from 1,125 on April 9 when the IMF announced that it had reached a staff-level agreement with Argentina over a new $20 billion loan program to help bolster depleted reserves. That's seen traders playing a guessing game on what that might mean for the currency, which is currently held in check by strict capital controls and a so-called crawling peg, which allows it to depreciate at 1% each month currently.
China has been looking at allowing Western firms such as Citadel Securities and Jane Street to act as market makers in its rapidly growing exchange-traded fund (ETF) sector, two people with direct knowledge of the matter said. Over the last two years, Chinese authorities have issued more licences and encouraged the development of domestic market makers. The sources cautioned, however, that the escalating trade war with U.S. that has seen China saddled with tariffs of 145% this year could delay Beijing's official green light for U.S. firms.