Bitcoin Analysts Optimistic as China Surprisingly Fixes Yuan Beyond 7.2 Level
Analysts suggest the yuan's depreciation may lead to capital flight into bitcoin.
Ray of hope or false dawn for markets?
European investors still staggering from a nearly 12% plunge over three days in their regional stock benchmark are waking up to a futures market pointing more than 3% higher. President Donald Trump has hardly backed down in his assault on perceived trade disparities, even doubling down on China by threatening additional 50% levies that would take the combined total well above 100%. All of this raises suspicions of whether the bounce in markets will last, and even a 3% rebound in the STOXX 600 wouldn't make up much of the rout since Trump's "Liberation Day" tariff announcement last Wednesday.
The trade war is clobbering energy markets, with oil hitting its lowest price in 4 years
Shares of oil companies have dropped sharply in recent days. Growth fears and expectations of more supply from OPEC+ are pressuring crude prices.
The Latest: US stocks rise as global financial markets show signs of relief
The S&P 500 was up 3.7% in morning trading, though it still remains more than 14% below its record set in February. The dominant group of U.S. stocks known as the “Magnificent Seven” is bouncing back, helping power the broad rally on Wall Street.
The markets just gave Trump an off-ramp. Your move, Mr. President
It wasn’t the worst day on Wall Street ever, but it may well have been the weirdest.
Stagflation is America's most 'optimistic scenario' at this point, former Fed president says
The US economy could be stuck in a tug-of-war that offers no good solutions for the Fed, as low growth and rising prices result in an era of stagflation.
New Zealand to stick to current economic plans despite US tariff concerns
New Zealand will not revise its economic and fiscal plans despite the turmoil in the global financial markets triggered by U.S. President Donald Trump's tariff plans, Finance Minister Nicola Willis said on Tuesday. A global trade war touched off by Trump's sweeping tariffs escalated further on Monday, as he threatened to increase duties on China and the European Union proposed its own counter-tariffs, wiping out trillions of dollars in stock market value.
Rebound in Japan provides some respite for battered markets
TOKYO (Reuters) -Asian stocks bounced off more than one-year lows and U.S. stock futures pointed up on Tuesday, but many investors remained on edge even as they hoped Washington might be willing to negotiate some of the aggressive tariffs that have unleashed turmoil in markets. A 5.6% rebound in Japan's Nikkei far outpaced other regional markets, with Treasury Secretary Scott Bessent tasked with leading trade negotiations with Tokyo. "Importantly, a little ray of sunshine is starting to emerge that gives hope that the U.S. is genuinely open to trade negotiations, (with) the most significant being Japan with Treasury Secretary Bessent," said Tapas Strickland, head of market economics at National Australia Bank.
Watch These Humana Price Levels After Stock Soars on Medicare Payment Increase
Humana shares jumped 11% in extended trading on Monday after the federal government said it would pay Medicare insurers more next year than previously expected. Monitor these key chart levels.
Here's what bright minds on Wall Street are saying about Trump's tariff-fueled market meltdown
Wall Street's top minds aren't happy about Trump's latest tariffs, which have fueled the worst stock sell-off since 2020.