archivetrump tariffs

Jun 11, 2025 8:27 PM ISTUS Stock Market LIVE Updates: BPCE Is Said to Lead Bidding for Lone Star-Backed Novo BancoFrench banking group BPCE has emerged as the leading bidder to acquire Portuguese lender Novo Banco SA from Lone Star Funds, people with knowledge of the matter said.   BPCE has pulled ahead of its main rival in the bidding, Spain’s CaixaBank SA, and is trying to hammer out terms of a deal, the people said. Lone Star has also been considering a potential listing of Novo Banco and hasn’t...

A high-profile feud between President Donald Trump and billionaire Elon Musk reached a fever pitch on Thursday, triggering a $150 billion-plus wipeout in Tesla (TSLA) shares. The selloff came after Musk slammed Trump’s GOP-backed spending bill, prompting fiery responses from the president and raising concerns over the political risk now tied to one of the world’s most valuable companies. "This is a disaster of epic proportion for Tesla and SpaceX," Ross Gerber, CEO of Gerber Kawasaki Wealth & Investment Management CEO, told Yahoo Finance in reaction to the developments. "And...

Jun 5, 2025 4:04 PM ISTUS Stock Market Live: US Treasury Yields Hold Steady After Sharp Drop on Weak Economic DataUS Treasury yields remained largely unchanged on Thursday after falling sharply the previous day due to weaker-than-expected economic indicators. The 2-year and 10-year yields each rose by less than one basis point, while the 30-year yield was flat at 4.89%. Wednesday’s decline followed data showing a surprise contraction in the services sector in May, with activity falling to 49.9%, below the 52.1% forecast. Additionally, private sector payrolls rose by just...

Jun 5, 2025 2:55 PM ISTUS Stock Market Live: How Are Oil Prices FaringOil held a drop on signs Saudi Arabia is seeking another big production increase at next month’s OPEC+ meeting, in a bid for market share that could worsen a glut expected later this year. Brent traded below $65 a barrel after losing 1.2% in the previous session, while West Texas Intermediate was under $63. The kingdom wants the Organization of the Petroleum Exporting Countries and its allies to continue to add at least 411,000 barrels a day...

US Stock Market LIVE Updates: Futures on Wall Street are pointing towards another positive start for the benchmark indices after the job openings data surprised on the positive side on Tuesday, leading to the indices ending at the day's high. The Dow futures are currently up 75 points, while the S&P 500 and Nasdaq futures are up 10 points and 25 points respectively.US Stock Market LIVE Updates: Futures on Wall Street are pointing towards another positive start for the benchmark indices after the job openings data surprised on the positive...

Sensex Today | Stock Market Highlights: The Sensex slipped 77 points to settle at 81,374, while the Nifty closed down 34 points at 24,717. Despite the weakness in largecaps, the broader market outperformed yet again, with the Nifty Midcap index gaining 154 points to end at 55,903, a 600-point rebound from intraday lows. The Nifty Bank index rose 356 points to 57,776, inching closer to its record high.Sensex Today | Stock Market Highlights: After a sluggish start, the Indian equity market staged a smart recovery in the second half of Monday’s...

Jun 2, 2025 7:15 AM ISTUS Stock Market Live: How Are Oil Prices FaringOil advanced after geopolitical and trade risk increased over the weekend, and as OPEC+ hiked production less than some had feared. Brent crude for August rose as much as 2.1% to $64.09 a barrel, after losing 2.2% last week, while West Texas Intermediate was around $62. Ukraine struck air bases deep in Russia, Iran criticized a report showing its growing stockpiles of enriched uranium, and President Donald Trump said he would be increasing tariffs on steel and...

NEW YORK/SINGAPORE, May 29 (Reuters) - Wall Street displayed resilience on Thursday, maintaining its gains amidst fresh tariff turmoil. A federal appeals court reinstated President Donald Trump's tariffs, a day after a trade court blocked most of them from going into effect, yet the S&P 500 held firm.The dollar on the other hand weakened against safe-haven currencies like the yen and Swiss franc, as investors tussled with the uncertainty and volatility the tariffs have reintroduced. Markets seem poised to navigate this unclear terrain, characterized by the back-and-forth nature of...

U.S. stock futures saw a boost while the dollar surged against traditional safe-haven currencies like the yen and Swiss franc after a federal court halted President Trump's proposed tariffs. The Trump administration is expected to make an appeal.The S&P 500 E-mini futures advanced by 1.5%, and the U.S. dollar gained 0.7% against the yen. According to Matt Simpson, senior market analyst at City Index, the involvement of the Supreme Court is likely, casting today's ruling as a temporary stop rather than a definitive conclusion. Investors, meanwhile, are relieved by...

Emerging market currencies rose, as President Donald Trump’s move to extend a deadline for aggressive tariffs on the European Union bolstered risk appetite.JPMorgan’s Emerging Market Currency Index edged higher, on track to kick off its eighth consecutive week of gains, which would mark its best run since at least 2010. Meanwhile, MSCI’s gauge of EM currency returns climbed as much as 0.4% to match its all-time high. Enthusiasm for the greenback has faded this year due to Washington’s unpredictable trade policy and concerns about the deficit, with developing-nation currencies some...