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On the sidelines of the spring meetings of the International Monetary Fund and World Bank this week, Treasury Secretary Scott Bessent tried to convey an important message about the United States dollar.Speaking to a crowd of global policymakers, regulators and investors, Mr. Bessent sought to allay fears that had ballooned in recent weeks about the dollar’s global standing and the country’s role as the safest haven during times of stress. He reiterated that the administration would continue to have a “strong-dollar policy” and affirmed that it would remain the currency...

U.S. President Donald Trump Lists 8 'Non-Tariff Cheating' Tactics. | Image: Donald Trump Tariffs US President Donald Trump has once again highlighted what he calls “non-tariff cheating” in global trade. In a recent post on his social media platform, Truth Social, Trump listed several trade practices that, according to him, harm American businesses and workers. In a recent post on his social media platform, Truth Social, former U.S. President Donald Trump outlined several unfair trade practices he believes harm American businesses and workers. He listed what he called “NON-TARIFF CHEATING,”...

KUALA LUMPUR: The ringgit closed marginally higher against the US dollar today, driven by a weaker greenback amid global trade tensions, said an analyst. Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the situation with the US tariff remains highly fluid as Chinese president Xi Jinping visited the Asean countries this week. “The weakening of the greenback was surprising as the US dollar, a safe-haven currency, would normally thrive during heightened uncertainties. “Such dynamics would complicate how traders and investors would position themselves in times like this,” he told...

Wall Street economists are tweaking their GDP growth estimates as new data trickles in, with Trump's tariff whipsaw still firmly in the background. The Atlanta Fed's GDPNow tool, which uses already released data to forecast the quarterly pace of economic growth, now projects that GDP fell by 2.2% in the first three months of the year, an improvement from its prior April 9 projection of negative 2.4% growth. The update follows Wednesday's retail sales data, which rose 1.4% in March, matching forecasts. The control group in the release, which excludes...

Nvidia Corporation (NVDA) Stock in the beleaguered megacap AI chip maker Nvidia has taken another hit in after-hours trading following the news that the US government has restricted the exports of H20 chips to China. The market is a huge buyer of Nvidia products, with the company warning of to a $5.5 billion hit to the company's bottom line. Nvidia dropped over 6% in extended trading. United Airlines Holdings, Inc. (UAL) United Airlines stock soared after beating Q1 revenue expectations in an early report for the major airline. Earnings estimates...

US stock futures fell on Wednesday after Nvidia (NVDA) revealed costly new curbs on chip exports to China, and investors grappled with uncertainty over President Trump's trade policy. Futures attached to the Dow Jones Industrial Average (YM=F) slumped 0.2%. Futures attached to the benchmark S&P 500 (ES=F) sank 0.7%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) plummeted 1.3%. CBOT - Delayed Quote • USD As of 5:49:55 GMT-4. Market open. YM=F ES=F NQ=F Nvidia's (NVDA) stock took a hit in premarket trading on Wednesday after the company revealed that...

Nvidia Corporation (NVDA) Stock in the beleaguered megacap AI chip maker Nvidia has taken another hit in after-hours trading following the news that the US government has restricted the exports of H20 chips to China. The market is a huge buyer of Nvidia products with the reduction leading to a $5.5 billion hit to the company's bottom line. Nvidia dropped over 6% in extended trading. United Airlines Holdings, Inc (UAL) United Airlines stock soared after beating Q1 revenue expectations in an early report for the major airline. Earnings estimates sit...

The dollar drifted lower on Monday after an early bump off a three-year low, as investor confidence in the world’s reserve currency remained in question following a stream of tariff-related pronouncements from US President Donald Trump.Investors braced for another volatile week as Trump’s imposition and then abrupt postponement of tariffs on goods imported to the US continued to sow confusion.The dollar reversed early gains as the Asian trading session got under way, languishing near a 10-year low against the Swiss franc at 0.8188.Sterling held to most of its 1.7 per...

US stocks edged lower on Friday after China hit the US with a retaliatory tariff hike but signaled it won't hike duties any further. The S&P 500 (^GSPC) fell 0.2%, and the tech-heavy Nasdaq (^IXIC) dropped below the flatline. The Dow Jones Industrial Average (^DJI) dropped 0.2%. China said Friday it will raise duties on imports of US goods to 125%, compared with the 84% previously planned, effective Saturday. The move is in direct response to President Trump's ballooning "reciprocal" tariffs on China, the commerce ministry said, but it also...

US stocks swung back to gains before the bell on Friday, eyeing a comeback bid after China hit the US with a retaliatory tariff hike but signaled it won't hike duties any further. Futures tied to the S&P 500 (ES=F) rose 0.6%, and the tech-heavy Nasdaq (NQ=F) was up 0.7%. Dow Jones Industrial Average futures (YM=F) advanced 0.5%, having seesawed above and below the flat line in the bumpy premarket going. China said Friday it will raise duties on imports of US goods to 125%, compared with the 84% previously...