U.S. equities slipped midday Thursday as corporate earnings and fresh tariff announcements from President Donald Trump drove divergent moves in heavyweight names.
The Commerce Secretary’s remarks come after President Donald Trump imposed an additional 25% levy on India for its imports of Russian oil on Wednesday.
U.S. stocks rebounded sharply on Wednesday, fully erasing last Friday's losses, as upbeat corporate earnings and renewed investor optimism outweighed concerns over escalating trade tensions.
People familiar with the matter said that such a move would allow Trump to avoid rushing a permanent nomination and preserve flexibility ahead of Fed Chair Jerome Powell’s term ending in May 2026.
The executive order stated that if a foreign country retaliated against the U.S. in response to this action, Trump would “modify this order to ensure the efficacy of the action herein ordered.”
According to Dalio, once people start to lose trust in the fiat system, a specific cause-and-effect reaction could occur that would result in linking money back to gold.
During an interview with CNBC, he said the White House is likely to announce its decision on who will replace Federal Reserve Chair Jerome Powell soon.
Stocks slipped Tuesday as fresh economic data reignited stagflation fears on Wall Street, overshadowing a blowout quarter from Palantir Technologies Inc.
According to Senator Warren, most people have not absorbed how “dangerous” it may be to fire the head of the Bureau of Labor Statistics and what may happen once a replacement is hired.
President Donald Trump’s tariffs continue to remain an overhang, with the market eyeing the Aug. 7 timeline when the revised tariff rates announced last week would take effect.
Deputy chairman of Russia’s Security Council, Dmitry Medvedev, made remarks Trump described as “foolish and inflammatory,” prompting the move as a precaution.
