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U.S. President Donald Trump on Wednesday redoubled his calls for Federal Reserve Chair Jerome Powell to lower interest rates, noting that payroll processing firm ADP reported that job creation slowed in May. “ADP number out. ‘Too Late’ Powell must now lower the rate. He is unbelievable. Europe has lowered nine times,” Trump said in a…
(Bloomberg) — Alibaba Group Holding Ltd. Chairman Joe Tsai said Asian companies can look to inter-Asia opportunities and the European market for growth as tensions between Washington and Beijing persist. Tsai also implicitly criticized the administration of US President Donald Trump’s trade war during a tech conference in Macau on Saturday, saying “some governments try…
US Fed Meeting LIVE: The United States’ Federal Reserve has kept its key benchmark interest rates “unchanged” since December 2024 amid global uncertainty caused by the raging trade war, a slowing economic growth in the nation, and unstable inflation trends. US Fed Chairman Jerome Powell is poised to announce the results of the two-day policy…
US stock indices jumped at the open on Wednesday after President Donald Trump said he has no plans to remove Federal Reserve Chair Jerome Powell and on hopes for a trade deal with China. At the opening bell, the Dow Jones Industrial Average rose 628.0 points, or 1.60%, to 39,815.01. The S&P 500 rose 108.2…
US stocks down 2% in early trading amid Trump attacks US dollar index falls to three year low Safe-haven gold and Swiss franc surge European markets closed for Easter Monday (Updates throughout with early U.S. markets activity) NEW YORK, April 21 (Reuters) – U.S. stock indexes fell and the dollar index slid to a three-year…
US stock indices declined on Monday amid escalating US-China trade war and on possibility of Federal Reserve Chair Jerome Powell’s removal by President Donald Trump. At the opening bell, the Dow Jones Industrial Average fell 236.2 points, or 0.60%, to 38,906.04. The S&P 500 fell 49.8 points, or 0.94%, to 5,232.94, while the Nasdaq Composite…