Jason Furman, who served as Chairman of the Council of Economic Advisers under 44th President Barack Obama from 2013 to 2017, warned that U.S. tariffs have reached their highest levels in over a century and could prove more inflationary than initially anticipated, just as markets speculate about potential Federal Reserve interest rate decisions.
Ignoring the market’s manic reaction, the baseline economic impact here is still damaging at worst and significantly uncertain for 90 days at best. So, we still have no idea what’s happening with tariffs, which is the worst part about all of this.
The tariff game of U.S. President Donald Trump has resulted in a tailspin in the stock market globally. The S&P 500 Index closed below 5,000 points for the first time in almost a year and shed $5.83 trillion in market value.
Wall Street experienced a significant upswing today, driven by a surprising announcement from President Donald Trump regarding a temporary pause on tariffs for certain countries.
OpenAI has countersued Elon Musk, accusing him of using harassment tactics and an unsolicited bid to disrupt its transition to a for-profit model, which is crucial for its $40 billion funding round.
U.S. stock futures edged higher on Wednesday evening following President Donald Trump's unexpected 90-day reprieve on reciprocal tariffs that triggered Wall Street's strongest rally since 2008.
Anthony Scaramucci shared how Warren Buffett's caution in 1999 led him to miss out on millions in Amazon stock, and how he believes the current skepticism surrounding AI mirrors that same missed opportunity.
Stocks finally caught a break after Trump hit the brakes on parts of the reciprocal tariff barrage. The bond market was teetering on the edge this week, and the Fed just got served a dose of reality that’ll be hard to ignore.
Kevin O'Leary slammed China for decades of unfair trade practices and reiterated his call for a 400% tariff, arguing the U.S. must get tougher to protect its innovation and leverage its economic power.
Energy Transfer is a favorite among income investors due to its strong yield. And now, the stock yields nearly 8%, making it even more attractive. But can investors rely on that high yield going forward?
There are some concepts that seem so obvious as to need no explanation. But once in a while, I discover that not everyone views the world in the same way, and the obvious may require a bit of explanation.
