39 h. ago US stocks end higher after Trump soothes Fed independence worries

Wall Street stages relief rally after president says he has no plans to fire Jay Powell

Politics

43 h. ago FTSE 100 jumps amid global stock rally after Trump rows back on tariff threats

The US president said that sky-high trade tariffs on China will ‘come down substantially but it won’t be zero’, prompting stock markets to surge.

Politics

44 h. ago Stock markets rise as Trump backtracks on high China tariffs and firing Fed chair

Weeks of tough talk from the US president, who now says he will be ‘very nice’ to China, had rattled investors Stock markets have risen around the world after Donald Trump said his tariffs on China would come down “substantially” and he had “no intention” of firing the chair of the US central bank, Jay Powell.Weeks of tough talk on trade from White House officials have rattled investors and Trump now appears to be softening his tone. The president told reporters in Washington on Tuesday he planned to be “very nice” to China in trade talks and that tariffs could drop in both countries if they could reach a deal, adding: “It will come down substantially, but it won’t be zero.” Continue reading...

Politics

46 h. ago S&P 500 climbs 3% after Trump soothes Fed independence worries

Wall Street extends rally after president says he has no plans to fire Jay Powell

Politics

46 h. ago S&P 500 climbs 2.5% after Trump soothes Fed independence worries

Wall Street extends rally after president says he has no plans to fire Jay Powell

Politics

47 h. ago Worries about flying seem to be taking off. Here's how to cope with in

The evidence is anecdotal, but psychologists and flight attendants say they are seeing and hearing increased worries about flying

Politics

47 h. ago UK private sector shrinks as export orders slump; state borrowing nearly £15bn above official forecast – business live

Eurozone private sector ‘broadly stable’ in April; stocks, dollar, oil prices rise on hopes of US-China trade dealUK annual borrowing exceeds forecasts by almost £15bnThe collapse in confidence and drop in output during April raise red flags for the economic outlook and add pressure on the Bank of England to reduce interest rates again at its May meeting, said Chris Williamson, chief business economist at S&P Global Market Intelligence.While recent months have been characterised by UK businesses treading water, broadly stagnating since last autumn’s budget, businesses are reporting more of a struggle to keep their heads above water in April.April’s fall in output was the largest recorded for nearly two and a half years, consistent with GDP declining at a quarterly rate of 0.3%, reflecting falling activity and demand across both manufacturing and services. Continue reading...

Economics

49 h. ago Global stocks gain after Trump soothes Fed independence worries

Wall Street set to extend rally after president says he has no plans to fire Jay Powell

Politics

49 h. ago Trump live updates: Just 37% of Americans approve of president’s handling of economy, poll shows

The majority of Americans now fear a recession, even as Donald Trump conceded ultra-high tariffs on China would fall but warned they would not hit zero

Politics

51 h. ago Trump latest updates: Elon Musk to ‘significantly’ step back from DOGE role after Tesla profits plunge

Musk told investors that he would likely cut back his work for Donald Trump’s Department of Government Efficiency to one or two days a week

Politics

53 h. ago UK annual borrowing nearly £15bn above official forecast; stocks rise as Trump rows back on Fed attack – business live

UK government borrowed £151.9bn in year to March; investors cheered by hopes of US-China trade dealEuropean stocks have also opened higher, as a wave of relief spread across markets.The UK’s FTSE 100 index is up by 1.2% at 8,430, while the Italian FTSE MiB rose by 1.4%.Bessent threw a lifeline to fragile US sentiment with conciliatory remarks on the US-China trade war. Bessent said the current tariff situation is “unsustainable” and expects a de-escalation in the near term.We could witness a period where the dollar is tossed around by headlines of Fed independence risk and market-friendly news on US tariff policy. What is clear by now is that no other G10 currency has a higher positive beta to trade news than the dollar. Continue reading...

Politics

61 h. ago Trump admits China’s tariffs will drop ‘but it won’t be zero’

Trump’s massive import taxes have roiled stock markets since he announced them on April 1

Politics

64 h. ago Trump’s tariffs spark global recession fears as White House hints at trade deal with China: Live updates

The International Monetary Fund downgraded growth in nearly all countries amid ongoing uncertainty from the Trump administration’s trade policy

Economics

66 h. ago Dow is heading for its worst April since the Great Depression as investors fear Trump’s tactics

Chief investment officer says it’s ‘impossible to commit capital to an economy that is unstable and unknowable because of policy structure’

Politics

67 h. ago Trump’s tariffs raise chances of U.S. and global recession to ‘almost 100%’, economist warns: Live updates

The International Monetary Fund downgraded growth in nearly all countries amid ongoing uncertainty from the Trump administration’s trade policy

Events

69 h. ago Trump warned US economic growth to be hit hardest by tariff trade war: Live updates

The International Monetary Fund downgraded growth in nearly all countries amid ongoing uncertainty from the Trump administration’s trade policy

Events

3 d. ago Trump latest: Vance admits president’s tariffs will cause ‘profound changes’ while gold surges to new high

Vice president J.D. Vance said the ‘rebalancing’ from aggressive tariffs would ‘produce great benefits for American workers’

Politics

3 d. ago Trump latest: Gold price hits new high after dollar plunges following president’s attacks on Fed chair Powell

The market shifts came after Trump claimed that the economy could slow unless Federal Reserve chair Jerome Powell immediately lowered interest rates

Politics

3 d. ago US stocks and dollar sink as Donald Trump renews attacks on Fed chair Jay Powell

Currency sell-off intensifies after president steps up criticism of central bank head for not cutting rates

Politics

3 d. ago US stock markets fall again as Trump calls Fed chair ‘a major loser’

President amps up attacks against Jerome Powell, pushing him to lower interest rates to offset impact of tariffsUS stock markets started falling again on Monday morning as Donald Trump continued attacks against the Federal Reserve chair, Jerome Powell, who Trump called “a major loser” for not lowering interest rates.“There can be a slowing of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” Trump wrote on social media. Continue reading...

Politics