Market

Boston Federal Reserve President Susan Collins says tariffs could increase inflation and depress growth, but the Fed is in no rush to change policy due to uncertainty.

Published on: February 03, 2025, 06:04 PM UTC

President Trump's tariffs on Canada, Mexico, and China face challenges from Congress and the courts, but presidential authority and market volatility could limit their impact.

Published on: February 03, 2025, 06:03 PM UTC

Investors were surprised by President Trump's tariffs on Canada, Mexico, and China, leading to an early market sell-off. The tech-heavy Nasdaq Composite (^IXIC) fell about 1%, the S&P 500 (^GSPC) lost 0.8%, and the Dow Jones Industrial Average (^DJI) dropped 0.4%. Investors are now reassessing the potential risks of tariffs, with some analysts predicting a near-term downside of 5% for the S&P 500 if the tariffs are sustained.

Published on: February 03, 2025, 06:03 PM UTC

Nvidia stock falls 5% on Trump's new tariffs and AI spending concerns. The tech-heavy Nasdaq is also down over 2% as investors react to the news.

Published on: February 03, 2025, 06:02 PM UTC

Trump says Fed made the right decision to pause interest rate cuts, despite his previous demands for lower rates. Economists predict tariffs will push inflation higher, making rate cuts unlikely in 2025. The Fed is expected to remain on the sidelines and monitor the impact of tariffs on inflation and growth.

Published on: February 03, 2025, 06:02 PM UTC

US stocks fell on Monday following President Donald Trump's announcement of tariffs on China, Mexico, and Canada. The tech-heavy Nasdaq Composite (^IXIC) lost around 1.3%, the S&P 500 (^GSPC) fell roughly 0.8%, and the Dow Jones Industrial Average (^DJI) moved 0.3% lower. Consumer discretionary stocks, including automakers, were hit hard early in the day. Tech stocks also dragged on markets as shares of AI chip giant Nvidia (NVDA), iPhone maker Apple (AAPL), and EV manufacturer Tesla (TSLA) all fell.

Published on: February 03, 2025, 06:01 PM UTC

Irving Oil warns New England customers that Trump's tariffs on Canada will increase heating costs, contradicting the president's promise to lower consumer prices.

Published on: February 03, 2025, 06:01 PM UTC

U.S. LNG exports to Europe surged in January due to cold weather and high demand, reaching 7.25 MT (86%) of total exports. Despite expectations, exports fell short of a record due to decreased output at Freeport LNG. The U.S. remains Europe's key LNG supplier, with buyers leveraging export contract flexibility to divert cargoes based on market conditions.

Published on: February 03, 2025, 06:01 PM UTC

Global gold banks ship gold from Asia to the US amid high premiums on Comex futures over spot prices, creating an arbitrage opportunity.

Published on: February 03, 2025, 06:00 PM UTC

New Englanders brace for higher heating costs due to Trump's tariffs on Canadian energy imports, despite promises of lower prices.

Published on: February 03, 2025, 06:00 PM UTC