While Wall Street spent the past week sweating over whether President Donald Trump’s now-altered tariff plan would push the economy into a recession or ignite a bear market, Rachel Hazit knew exactly what to do. The Philadelphia-based marketer used cash she had on the sidelines to buy equities like the Vanguard S&P 500… Read More »Retail investors are running head first into this topsy-turvy market
Santos chief executive Kevin Gallagher has vigorously rejected speculation that he is about to step down after nine years of leading Australia’s second-biggest natural gas producer, while taking a swipe at politicians over the handling of the energy transition. A $6 million growth incentive that has tied Gallagher to Santos… Read More »Santos CEO says he’s not going anywhere, hits out at politicians
Investors have aggressively dumped long-term US government bonds in a historic loss of faith in the financial market’s most coveted safe haven asset amid fears inflation caused by a global trade war could prevent interest rate cuts by the Federal Reserve. The sharp rise in the bond rate came almost… Read More »Bond rout shakes investors as world’s safe haven loses its appeal
Calm descended on the bond market on Thursday after a chaotic week of trading, but there are concerns that the reprieve may be fleeting with long-term US borrowing costs set to climb again because Donald Trump’s escalating trade war could put off foreign investors. Yields on US Treasuries whipsawed overnight… Read More »Calm descends on bond markets, but tariff war will push yields higher
Stocks fell Thursday, giving back some of the gains from the historic rally seen in the previous session after President Donald Trump announced a 90-day reprieve on some of his “reciprocal” tariffs. Investors worried that even with the short pause on some of the duties, economic activity will be slowed… Read More »Dow tumbles 1,000 points, wiping out a chunk of Wednesday’s historic rally: Live updates
The stock market has been throwing a temper tantrum, fueled by fear of President Donald Trump’s tariff policy and the specter of an escalating global trade war. Americans may wonder why trade policy has made stock investors so skittish. At a high level, investors are nervous that a prolonged trade war poses significant… Read More »Why the stock market hates tariffs and trade wars
Industry executives and analysts say Peter Dutton’s plan to have them direct more uncontracted gas away from international spot markets and into a low-price domestic reserve is flawed because there is no profit incentive to extract the extra gas. While the producers’ long-term foundational contracts with Asian customers would be quarantined from… Read More »No extra gas for domestic market under Dutton plan: industry
The plunge in the Australian dollar to five-year lows is tipped to get worse as US President Donald Trump’s raging trade war shows little signs of abating and has markets bracing for a global recession. The $A plunged to US59.12¢ on Wednesday, a level last seen in the early days… Read More »$A tipped to keep tumbling as superpowers ‘collide’
As the US sharemarket teeters on the cusp of a bear market, analysts have barely started to adjust their earnings forecasts to reflect a severe economic shock that investment strategists fear could accelerate the meltdown on Wall Street. The US President Donald Trump’s intensifying trade war has already sent the… Read More »‘Huge’ profit downgrade cycle bears down on Wall Street
S&P 500 futures rose on Wednesday evening after President Donald Trump announced a 90-day reprieve on some of his “reciprocal” tariffs, spurring a massive rally on Wall Street. Futures tied to the S&P 500 were 0.4% higher, while Nasdaq-100 futures traded up 0.1%. Dow Jones Industrial Average futures gained 196 points, or 0.5%. The moves… Read More »S&P 500 futures tick higher after historic rally on Trump’s tariff walkback: Live updates