Markets

Dollar gains after two-day drop, stock futures dip

A gauge of the dollar rose 0.3% after speculation around potential trade deals had pushed the currency lower

President Trump signs Executive Order to ramp up US prescription drug manufacturing

The order directs the USFDA to reduce the time it takes to approve domestic pharmaceutical manufacturing facilities, get rid of unnecessary requirements, and provide support to domestic manufacturers to bring up facilities.

Trump suggests some trade deals may come as soon as this week

Trump also signaled that his aides are having conversations with counterparts from China

CEOs celebrate Buffett as he calls a close on 5,500,000% run

Luminaries from the technology and banking worlds rushed to praise the man whose lessons they partially credit for their success

Fed’s Powell is about to defy Trump and hold rates steady

With their eye on inflation, officials are inclined to hold rates steady when they meet in Washington on Tuesday and Wednesday

Asia stocks muted as crude oil slumps after OPEC+ plan

Crude oil fell 3.4% after the group of oil-producing nations continued an accelerated revival of supply that’s sent prices plunging

Business in the Week Ahead: May 5-9, 2025

US Fed and Bank of England will decide on interest rates. Ather Energy listing and corporate earnings are the key events, data to track

Crude oil's worst month since 2021 as likely OPEC+ production hike, demand worries weigh

Oil prices fell 16 percent in April as Reuters reported that Saudi Arabia hinted being unwilling to support the oil market with more supply cuts.

How Trump's tariffs are sinking global logistics and trucking firms

The global movement of goods is entering a turbulent phase amid the trade war. New data reveals changes unfolding across ports, shipping lines, and logistics hubs

Relief rally stutters as markets take stock of Trump's U-turns

Just this week, U.S. President Donald Trump has rained attacks on Fed head Jerome Powell, then retracted calls for the chair’s resignation, and left investors none the wiser on the ultimate state of tariffs on China despite many headlines around it.

Wall Street Jumps Over 2.5% on Hopes of China Trade Truce | Tesla Surprises, 3M Soars, Grumman Tanks

Wall Street rallied today as U.S. stocks bounced back with significant gains amid hopes of easing tariff tensions. Treasury Secretary Scott Bessent's optimistic remarks on trade with China boosted investor confidence, leading to a strong rebound across all major indexes. Despite the upbeat mood, concerns linger over the S&P 500's recovery to pre-pandemic highs. Stay updated with our recap as we discuss today's market movements, including Tesla's earnings report and notable stock performances like 3M's upbeat results and Northrop Grumman's profit decline.

Trump signals tit-for-tat China tariffs may be near end; TikTok deal on ice

Trump said China had been in touch since the imposition of tariffs and expressed optimism that they could reach a deal

Trump raises Powell firing as ire toward US Fed chair explodes

Trump has been asking those around him about the possibility of removing the Federal Reserve chair, according to people familiar with the matter

Asian stocks trade in tight range, Japan edges up

Stocks fluctuated at the open with modest gains in Japan while most of the other markets are shut for the Good Friday holiday

Powell to volatile stock market: You’re on your own, for now

It was a message equity investors weren’t expecting after two weeks of volatility following President Trump’s unveiling of punitive tariffs on scores of countries

Understanding Trump’s tariffs on China: Clearing up the 245% rate confusion

Has Trump announced a new tariff rate of 245 percent on Chinese goods? The answer is no. Moneycontrol explains why

How Trump administration is redefining white-collar crimes and its enforcement in US

The development comes a few weeks after Trump signed an executive order to temporary halt the enforcement of Foreign Corrupt Practices Act, an anti-bribery law

Tariff News Highlights (April 14): OPEC cuts 2025 oil demand forecast over US tariffs

European markets in green amid buzz around tech tariff break

US to delist Chinese stocks from its exchanges? Scott Bessent says 'all option on table'

The development comes soon after Trump announced additional tariffs on Chinese goods, taking the total effective levy to 145 percent, as on April 11

Why Trump’s dream of made-in-the-USA iPhones isn’t going to happen

Apple is unlikely to move iPhone production to the US in the foreseeable future for a variety of reasons, including the shortage of facilities and labor needed to produce the devices

Asia on course for 3rd straight weekly fall as China, Japan stocks tumble on tariff woes

A gauge of Asian stocks is on track for its third consecutive week of decline as market relief turned to angst after the White House clarified US tariffs on China rose to 145%

Scott Bessent emerges as Wall Street man-of-the-hour trade negotiator

The former hedge fund manager has vaulted to the front of the line in President Donald Trump’s list of advisers in recent days

Gold climbs to $3,200 for first time as recession anxiety mounts

Bullion gained as much as 1.3% in early Asian trading on Friday

Wall Street plummets as tariff-war woes fuel exodus from US assets

The S&P 500 Index ended the day down 3.5% as investors seized on Wednesday’s historic rebound to sell