Tariffs make their impact known

Wall Street on Friday made solid gains for the week, helped by raised expectations for the Federal Reserve interest rate cut in September. July core consumer price index (CPI) came in at 2.7%, unchanged from June while the producer price index (PPI) readings were...

Expect Interest Rate Cut in September

Wall Street on Friday suffered its worst week since late May, as investors who had driven stocks to record highs faced a reality check in a combination of trade developments, weak economic data, and concerns over the independence of federal organizations. The roller...

Tariffs starting to bite

U.S. stocks witnessed a positive week, with the S&P 500 index and the Nasdaq notching more record highs. A solid start to the second quarter earnings season and favorable economic data helped buoy sentiment and offset concerns about tariffs and Federal Reserve...

Trade War rhetoric is tiring

Wall Street on Friday ended the week slightly lower, as sentiment was dented by trade war escalation. Still, U.S. stocks are at record levels, and the benchmark S&P 500 index this week posted a new intraday high of 6290.22 points. Donald Trump’s tariff moves...

Markets are looking for direction

Wall Street on Friday ended largely flat as the markets digested an escalating conflict between Israel and Iran and the Federal Reserve’s monetary policy decision of the year. The fighting between Israel and Iran intensified this week, with both countries...

Tax cut kicks the “deficit can” down the road

An economy facing possible indigestion from big increases in tariffs now is contending with a second headwind: potential fallout from a rise in government borrowing costs. Earlier this week, Moody’s downgraded the United States’ credit rating, stripping the United...