(Reuters) - Investors pulled out of U.S. bond funds heavily in the week ending April 9 in a broad selloff triggered by fears of a recession and concerns that the escalating U.S.-China trade war could fuel inflation.
Bitcoin has been displaying strong resilience amid the tariff-led market turmoil. Given strong technicals, growing adoption, and its inflation-hedging appeal, Bitcoin's current setup could offer a solid entry point.
Pierre Rochard urges transparency and Bitcoin accumulation to strengthen U.S. reserves.
In a wide ranging interview with Fortune, the former Treasury Secretary also says we're already seeing the first signals of a possible recession.
(Reuters) -Morgan Stanley beat first-quarter profit estimates on Friday, helped by record equity trading and strong wealth management results. U.S. President Donald Trump's decision to impose heavy tariffs on major economies and the launch of China's generative AI model, DeepSeek, triggered a broad selloff in global markets. "The volatility increased trading activity and there was deleveraging," said Chief Financial Officer Sharon Yeshaya, adding that clients continued to be active.
(Bloomberg) -- President Donald Trump is casting his latest tariff plan as a strategic win. Markets and business leaders only see more chaos ahead. Most Read from BloombergMidtown Office Building Evacuated on Concerns of Wall CollapseIn Chicago, a Former Steel Mill Looks to Make a Quantum LeapThe Secret Formula for Faster TrainsNYC Tourist Helicopter Crashes in Hudson River, Killing SixInside the Quiet, Extravagant Expansion of the Frick CollectionStock plunged on Thursday, as anxiety spiked amo
Jerome Powell, Tom Barkin, Jeff Schmid and Lorie Logan have said they'll wait for data before axing the interest rate—not what President Trump wants.
For the ultra wealthy, the market whipsaw presents opportunities. For average Americans? Not so much, state officials said.
Industrial supplier Fastenal (NASDAQ:FAST) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 3.4% year on year to $1.96 billion. Its GAAP profit of $0.52 per share was in line with analysts’ consensus estimates.
