The major U.S. equities indexes edged higher at midday Friday after wavering between losses and gains throughout the morning, as investors digested a slew of bank earnings and China hiked tariffs on U.S. goods.
Masters patrons infamously aren’t allowed to bring cell phones to Augusta National.
The crypto market has rebounded after Trump announced a 90-day pause on some tariffs.
“There’s been a sharp decline in consumer sentiment, and business sentiment measures have weakened too,” New York Federal Reserve Bank President John Williams said.
Trump signs first crypto law, repealing IRS DeFi rule that critics say threatened privacy and innovation in the U.S.
(Bloomberg) -- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he expects “a kerfuffle” in the US Treasury market that prompts a Federal Reserve intervention. Most Read from BloombergThe Secret Formula for Faster TrainsMidtown Office Building Evacuated on Concerns of Wall CollapseIn Chicago, a Former Steel Mill Looks to Make a Quantum LeapNYC Tourist Helicopter Crashes in Hudson River, Killing SixInside the Quiet, Extravagant Expansion of the Frick Collection“There will be a kerfuf
Concerns about an escalating trade war between the US and China still remain after the latter retaliated against steep US tariffs.View on euronews
(Reuters) -New York Federal Reserve President John Williams said on Friday the Trump administration's current trade policies will accelerate inflation this year, while adding that it's critical for the U.S. central bank to prevent longer-run expectations of price pressures from becoming unmoored. "It's hard to know with any precision how the economy will evolve," Williams said as part of public remarks delivered to the Puerto Rico Chamber of Commerce. "Given the uncertain effects of recently announced tariffs and other policy changes, there is an unusually wide range of outcomes that could transpire."
Stronger-than-expected profit reports from major banks such as JPMorgan Chase and Morgan Stanley did little to cheer investors as well.View on euronews
U.S. consumer sentiment plunged in April, the fourth consecutive month of declines, in a seemingly sharp rebuke of President Donald Trump's trade wars that have fueled anxiety over possible job losses and rising inflation. The preliminary reading of the University of Michigan’s closely watched consumer sentiment index, released Friday, fell 11% on a monthly basis to 50.8, the lowest since the depths of the COVID-19 pandemic. The decline was “pervasive and unanimous across age, income, education, geographic region, and political affiliation,” said Joanne Hsu, director of the survey.
