Economy

“EU retaliates against Trump’s trade moves and hits beef, whiskey, motorcycles with targeted tariffs”

“The European Union on Wednesday announced retaliatory trade action with new duties on U.S. industrial and farm products, responding within hours to the Trump administration’s increase in tariffs on all steel and aluminum imports to 25%… “As the U.S. are applying tariffs… Continue Reading…

Economy

“US trade deficit hits record high in January on imports surge”

“…The trade gap surged 34.0% to an all-time high of $131.4 billion from a revised $98.1 billion in December, the Commerce Department’s Bureau of Economic Analysis (BEA) said on Thursday. The percentage change was the largest since March 2015. Economists… Continue Reading…

Economy

“Trump to impose 25% tariffs on steel and aluminum — here are the likely winners and losers”

“U.S. President Donald Trump on Sunday told reporters that he planned to announce new 25% tariffs on Monday, targeting imports of steel and aluminum. Perhaps unsurprisingly, the biggest winner of the trade tariffs is likely to be the U.S. “At… Continue Reading…

Stocks

“1 Vanguard Index Fund to Buy Before It Soars 50%, According to a Wall Street Analyst”

“…Lee recently told CNBC that the small-cap Russell 2000 could soar 50% this year. That implies identical upside in the Vanguard Russell 2000 ETF (NASDAQ: VTWO). What makes that forecast particularly intriguing is that some Wall Street analysts see substantial downside in the large-cap… Continue Reading…

Banking, Business

“JPMorgan fined nearly $350 million for inadequate trade reporting”

“…JPMorgan Chase & Co has been fined $348.2 million by a pair of U.S. bank regulators over its inadequate program to monitor firm and client trading activities for market misconduct, the Federal Reserve announced on Thursday… In a separate announcement, the… Continue Reading…

Stocks

“Lunar company Intuitive Machines’ stock surges 50% to trade above SPAC debut price”

“Shares of Intuitive Machines jumped for a third consecutive trading session, surpassing their post-SPAC debut price, as the company’s first mission completed further milestones as it approached the moon. Intuitive Machines’ stock surged as much as 65% in trading Tuesday to an… Continue Reading…

Stocks

“Trade Desk shares plunge about 30% on weak guidance tied to auto, Hollywood strikes”

“The Trade Desk shares plunged about 30% in after-hours trading on Thursday after the ad-tech company issued fourth-quarter revenue guidance that fell well short of analysts’ estimates. Third-quarter results topped estimates. Here’s how the company did: For the December period, Trade… Continue Reading…

Stocks

“The stock market sell-off is all about the ‘pain trade’ in bonds”

“Stocks continued their recent sell-off on Tuesday amid a slew of concerning headlines for investors. Labor market data showed job openings unexpectedly jumped in August. An ongoing labor strike in the auto sector is intensifying. And surging oil prices are within a few percentage points of 2023… Continue Reading…

Business

“Citadel’s $16 Billion Win Tops Paulson’s Greatest Trade Ever”

“The top 20 hedge fund firms collectively generated $22.4 billion in profit after fees, according to estimates by LCH Investments, a fund of hedge funds. Citadel’s gain was the largest annual return for a hedge fund manager, surpassing the $15… Continue Reading…

Economy

“Shopper turnout hit record high over Black Friday weekend, retail trade group says”

“A record number of holiday shoppers – 196.7 million – flocked back to stores and hunted for deals from Thanksgiving Day to Cyber Monday, according to a survey by the National Retail Federation, which tracks the figure for in-person and… Continue Reading…