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  • May 12, 2025

Oil Leads Commodity Rally After US-China Truce as Gold Retreats

(Bloomberg) -- Oil and most other commodities powered higher, while gold fell, after China and the US ratcheted down trade tensions that had threatened to slash demand for raw materials. Most Read from BloombergA New Central Park Amenity, Tailored to Its East Harlem NeighborsAs Trump Reshapes Housing Policy, Renters Face Rollback of RightsWhat’s Behind the Rise in Serious Injuries on New York City’s Streets?NYC Warns of 17% Drop in Foreign Tourists Due to Trump PoliciesLA Mayor Credits Trump on

  • May 12, 2025

Traders See Fed Cutting Rates Just Twice in 2025 on Cooling Trade War

(Bloomberg) -- Traders lowered their bets on the Federal Reserve’s interest-rate cuts this year, pricing in just two reductions for 2025 after the US and China agreed to cut tariffs and moderate their trade war.Most Read from BloombergA New Central Park Amenity, Tailored to Its East Harlem NeighborsAs Trump Reshapes Housing Policy, Renters Face Rollback of RightsWhat’s Behind the Rise in Serious Injuries on New York City’s Streets?NYC Warns of 17% Drop in Foreign Tourists Due to Trump PoliciesLA

  • May 12, 2025

Ethereum Heats Up to Lead Crypto Higher

The tariff reduction between the U.S. and China has caused a "risk-on" trade for the market and that's pushing cryptocurrencies higher. Upgrades to Ethereum have helped that token be one of the hottest on the market over the past week. The crypto market has been on a tear over the past week and had a great weekend as news broke that tariffs would be reduced between the U.S. and China.

  • May 12, 2025

Dollar surges on US-China trade deal, but Deutsche Bank sees reason for caution

Investing.com – The dollar surged on Monday, underpinned by a jump in Treasury yields amid optimism that the U.S.-China trade deal would avert a tariff-led recession, but Deutsche Bank argues that the recent trade agreements are more beneficial to the rest of the world, likely keeping the greenback’s upside in check.

  • May 12, 2025

US businesses that rely on Chinese imports express relief and anxiety over tariff pause

American businesses that rely on Chinese goods reacted with muted relief Monday after the U.S. and China agreed to pause their exorbitant tariffs on each other's products for 90 days. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. Many businesses delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China.

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