By Rae Wee SINGAPORE (Reuters) – The dollar rebounded slightly on Thursday thanks to a rise in U.S. Treasury yields, though currencies traded in tight ranges as investors struggled to determine the impact of an escalating global trade war on U.S. inflation and growth. U.S. President Donald Trump on Wednesday threatened further tariffs on European…
By Mike Dolan LONDON (Reuters) – Morning Bid U.S. What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets The mere threat of a trade war unnerved markets, but they now have to cope with the real thing, as U.S. tariff hikes on metals imports kick in today…
Eight tech titans have taken a $266 billion blow to their collective wealth this year. Their combined net worth fell by $64 billion on Monday as the Nasdaq had its worst day since 2022. Elon Musk has had $132 billion, or 30% of his fortune, erased in 2025 following Tesla’s stock slide. Eight tech billionaires…
(Bloomberg) — Cryptocurrencies slid as fears over a selloff in US equities eclipsed President Donald Trump’s recent efforts to buttress the industry. Most Read from Bloomberg Bitcoin fell more than 3% on Tuesday morning in Asia while second-ranked token Ether dropped as much as 6% to $1,756, an intra-day low not seen since October 2023,…
By Leika Kihara TOKYO (Reuters) – Japan must fix “any misunderstanding” held by U.S. President Donald Trump that its central bank was intentionally weakening the yen with monetary policy, former Bank of Japan Governor Haruhiko Kuroda said. Trump said on Monday he had told Japan and China they could not continue to reduce the value…
(Bloomberg) — Asian stocks followed US equities lower as investors retreated from risk assets amid uncertainty over President Donald Trump’s tariffs. Bitcoin fell as details of a US strategic reserve underwhelmed. Most Read from Bloomberg Shares in Australia, Japan and South Korea all fell with benchmarks sliding more than 1%. An index of US-listed Chinese…
Stock market today: Dow, S&P 500, Nasdaq futures nudge up as shaken Wall Street awaits jobs report 2025-03-07 00:40:00 Source link
By Sarupya Ganguly BENGALURU (Reuters) – The U.S. dollar may hold most of its strength over coming months, even as a once-crowded dollar trade thins out amid confusion over U.S. President Donald Trump’s tariff plans and mounting worries about the economy, a Reuters survey found. After several erratic announcements and delays, Trump has started a…
By Medha Singh and Kanchana Chakravarty (Reuters) -Shares of U.S. companies were under pressure after the latest escalation in Washington’s trade war, with new tariffs on Canada and Mexico expected to hit earnings in several sectors, including automobiles, aerospace, retail and housing. Economically sensitive stocks such as airlines and banks led declines on Wall Street’s…
(Bloomberg) — Sunnova Energy International Inc. shares plunged 71% as the company warned there’s substantial doubt it will remain in business. That came less than a week after First Solar Inc., the biggest US solar manufacturer, said it was seeing increasing customer delays. And it was also on the heels of Sunrun Inc., the biggest…