43 h. ago Google reports strong earnings amid DoJ antitrust lawsuits and Trump tariffs

Tech giant exceeds Wall Street expectations despite 17% drop in stock price and tariffs levied on its trade partnersGoogle’s parent company Alphabet reported strong first quarter earnings on Thursday, despite being embroiled in antitrust lawsuits brought by the US government and seeing a 17% drop in its stock price since the beginning of the year. This is the company’s first earnings report since Donald Trump levied tariffs on trade partners around the world.Despite the upheaval for Alphabet, it exceeded Wall Street’s expectations, reporting revenue of $90.23bn, up 12% since the same time last year, and $2.81 in earnings per share. Analysts had projected first quarter revenue of $89.2bn and earnings of $2.01 per share, according to consensus estimates. The global tariffs were not expected to create much of an impact for Alphabet, since they were mostly instituted after the end of the quarter. Continue reading...

Politics

4 d. ago Gold climbs above $3,500 for first time as Wall Street rallies after slide

Dollar also recovers after Monday’s sell-off prompted by Trump’s attack on Federal Reserve chair caused alarm among investorsBusiness live – latest updatesGold has climbed above $3,500 an ounce for the first time while stocks on Wall Street and the dollar rose following Monday’s sell-off that was prompted by Donald Trump’s blistering attack on the Federal Reserve chair, Jerome Powell, caused alarm among investors.Spot gold reached the record price of $3,500.01 on Tuesday, extending a rally that has pushed bullion up from $2,623 an ounce at the start of this year. Analysts now predict the metal could even reach $4,000 only a matter of weeks after the price moved through $3,000 for the first time. Continue reading...

Politics

4 d. ago Japanese investors sold $20bn of foreign debt as Trump tariffs shook markets

Pension funds likely to have offloaded US bonds because of tumble in Wall Street stocks, investors say

Economics

4 d. ago Modi and JD Vance hail ‘significant progress’ in trade negotiations

Visit to India by vice-president and family could be overshadowed by US visa tensions and farmer protestsIndia’s prime minister, Narendra Modi, and US vice-president JD Vance have hailed “significant progress” in negotiations toward a bilateral trade agreement, a deal that could help India avoid sharp tariff hikes announced by President Donald Trump.Vance, accompanied by second lady, Usha Vance, and their children – Ewan, Vivek, and Mirabel – landed in the Indian capital earlier on Monday for a four-day visit combining high-level negotiations with family sightseeing. They were received at the airport by railways minister Ashwini Vaishnaw. Vance stood under a red canopy that shielded him from the blazing sun as soldiers saluted and a military band played the US anthem. Continue reading...

Politics

7 d. ago Wall Street slashes stock market forecasts amid Trump tariff fears

Banks expect gain of just 2% for S&P 500 this year, with JPMorgan and BofA among those lowering estimates

Politics

8 d. ago The rare dreaded 'Death Cross' just flashed in the US stock market and now experts fear a Wall Street crash

A rare 'death cross' appeared on the US stock stock market this week, sparking fears that a downturn could be on the horizon.

Events

1 week ago Wall Street banks rake in $37 billion in best performance for a decade after cashing in on Trump's stock market chaos

JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citi Group this year recorded their best combined first-quarter performance in more than a decade.

Economics

1 week ago SYLVIA MORRIS: Top savings deals vanish after Trump's tariffs as I predicted

Following US President Donald Trump's tariff announcements, top savings rates disappeared in a flash - which is as I anticipated. Now, here's my advice on which rates to bank while you still can.

Economics

1 week ago SYLVIA MORRIS says: Top savings deals are vanishing after Trump's tariffs just as I predicted

Following US President Donald Trump's tariff announcements, top savings rates disappeared in a flash - which is as I anticipated. Now, here's my advice on which rates to bank while you still can.

Economics

1 week ago Wall Street stock futures rise after temporary US tech tariff exemption

Gains come after two weeks of wild swings in financial markets

Politics

1 week ago Price hike on Shein? How Trump tariffs could shift the US’s love of fast fashion

Trump ended the ‘de-minimis’ rule while launching a trade war with China – which will make retail giants such as Temu more expensive, experts sayAfter a chaotic week of flip-flopping tariff policies, cheap clothes from China are nearly certain to face a steep price hike soon – prompting concern among fast fashion retailers and potentially pushing consumers to look for other alternatives.As part of a package of global tariff policies announced on “liberation day” last week, Donald Trump signed an executive order that ended a duty-free exemption for low-priced goods to enter the US from China and Hong Kong. Known as the “de-minimis” rule, packages under $800 do not qualify for any taxes or tariffs on the goods and are inspected minimally at the border. Continue reading...

Politics

2 w. ago Inside the vast stock buying surge 18 minutes before Trump's tariff U

Minutes before President Donald Trump's tariff pause, investors made strangely prudent financial moves. 

Politics

2 w. ago Tariffs live: Gold prices hit record high after Trump admits concerns over transition ‘costs’

Falling stocks across Asia follow Wall Street sell-off as US president threatens to go ahead with ‘reciprocal’ levies

Economics

2 w. ago Tariffs live: Asian markets tumble after Trump admits concerns over ‘costs and problems’

Falling stocks across Asia follow Wall Street sell-off as US president threatens to go ahead with ‘reciprocal’ levies

Economics

2 w. ago US markets close with steep losses as Trump tariffs branded ‘worst self

Wall Street stocks tumbled again as investors remain jittery while former US treasury chief criticises Trump’s economic policyChina and the European Union have exchanged views on strengthening their economic and trade cooperation in response to US tariffs, the Chinese commerce ministry said on Thursday, according to Reuters news agency.In a video call on Tuesday, China’s commerce minister Wang Wentao discussed with European trade and economic security commissioner Maros Sefcovic the restart of talks on trade relief and to immediately carry out negotiations on electric vehicle price commitments, the Chinese ministry statement said. Continue reading...

Economics

2 w. ago Bank of England issues warning after Donald Trump tariff announcement

The American president has announced a series of new and higher tariffs on all imports to the US

Events

2 w. ago F1 team issues statement as Donald Trump's US tariffs prompt changes

Donald Trump's tariff announcements and their economic impact are being felt in all sectors and have prompted a statement from one Formula 1 team after their parent company's announcement

Politics

2 w. ago FTSE 100 Live 10 April: Index set to rebound on tariffs pause, Tesco sees lower profit

Financial markets have soared on relief at Donald Trump’s 90-day pause on most new US tariffs.

Economics

2 w. ago London shares soar after Trump puts most threatened tariffs on pause

However tariffs on China were raised again to an unprecedented 125%

Politics

2 w. ago Asian markets rocket after Trump puts most threatened tariffs on pause

However tariffs on China were raised again to an unprecedented 125%

Events