Since his appointment, Bo Hines has become a mini-celebrity in the crypto world—with CEOs, billionaire investors, and lobbyists vying for face time.
29-year-old Bo Hines is leading crypto policy at the White House. But will economic volatility upend the sector’s progress?
WASHINGTON (Reuters) -Major geopolitical risk events, including trade tensions, can trigger large corrections in stock prices, the International Monetary Fund said in a report on Monday. That in turn can generate market volatility which can threaten financial stability, it said in a chapter from its forthcoming Global Financial Stability Report. The IMF did not mention specific events, such as the sweeping tariffs U.S. President Donald Trump has announced in recent weeks.
Right now, stocks are trading up — so it looks like investors think the tech tariffs are at least being pushed off into the future or maybe won’t happen at all.
Money market account interest rates today are well above historical norms. Find out where to get the best MMA rates.
Global stocks are rallying Monday after President Donald Trump temporarily exempted smartphones, computers, and semiconductors from his "reciprocal" tariffs.
Wall Street's main indexes rose on Monday, boosted by gains in technology stocks after the White House exempted smartphones and computers from new tariffs on Chinese imports, although additional levies on semiconductors remain imminent. The United States unveiled the exemptions on Friday, but President Donald Trump said he would announce tariff rates for imported semiconductors later in the week. The exempted tech products will face new duties within the next two months, U.S. Commerce Secretary Howard Lutnick said.
When a group of Harvard Business School students visited Italy's Monte dei Paschi di Siena in January, they gathered notes to build a case study on how to turn around a bank. The strength of that case may now depend on whether shareholders on Thursday approve CEO Luigi Lovaglio's surprise 12-billion-euro ($13.6 billion) hostile takeover offer for rival Mediobanca, made just days after the student visit. Advisory group Institutional Shareholder Services has urged shareholders to reject the plan as it leaves "little margin for error", while rival Glass Lewis is in favour, saying Lovaglio's track record provides guarantees for shareholders.
(Bloomberg) -- A knee-jerk reaction to President Donald Trump’s 90-day pause on broad tariffs propelled US stocks to one of their best days on record last week. Ironically, that could be a harbinger of tough times for equity investors.Most Read from BloombergThe Secret Formula for Faster TrainsNYC Tourist Helicopter Crashes in Hudson River, Killing SixEven Oslo Has an Air Quality ProblemInside the Quiet, Extravagant Expansion of the Frick CollectionLisbon Mayor Wants Companies to Help Fix City’s
As Ray Dalio warns of a looming systemic crisis, markets reel from rising yields, tariff uncertainty, and a weakening dollar.
