Market

US crude futures outpace other oil markets as tariffs threaten supplies from Canada and Mexico, potentially impacting prices and supply dynamics.

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

Yen defies dollar strength as investors seek haven, but safe-havens status unclear

Published on: February 03, 2025, 01:00 PM UTC

The dollar surged and stocks fell as US tariffs sparked a global trade war, threatening economic growth. The Bloomberg Dollar Index jumped 0.9%, while S&P 500 futures slid 1.4%. European carmaker shares and crypto assets also tumbled amid concerns over inflation and supply disruptions. The impact on emerging markets was severe, with the Mexican peso weakening by more than 2%. In energy markets, tariffs threatened to disrupt North America's oil trade, pushing up gasoline prices.

Published on: February 03, 2025, 12:05 PM UTC

Investors flee stocks, rush to dollars amid Trump's unexpected tariff announcements on Canada, Mexico and China. S&P 500 and Nasdaq futures plummet, while Canadian dollar, euro, peso and yuan weaken against the dollar. Experts warn of potential recessionary consequences and long-term impact on global trade.

Published on: February 03, 2025, 12:05 PM UTC

The Local Government Pension Scheme in England and Wales has a £85bn surplus, leading to possible reductions in employer contribution rates.

Published on: February 03, 2025, 12:04 PM UTC

President Trump's announced tariffs on Canada, Mexico, and China will take effect on February 4th. The duties are designed to address issues such as illegal migration and fentanyl. The anticipated economic impact is significant and involves potential consequences for trade wars and rising prices.

Published on: February 03, 2025, 12:04 PM UTC

Stocks slip amid trade war concerns; earnings, jobs report on tap

Published on: February 03, 2025, 12:04 PM UTC

IBM, GM, and Snowflake report earnings, with some companies cautious due to uncertainty about Trump administration policies.

Published on: February 03, 2025, 12:03 PM UTC

The worlds of traditional finance and cryptocurrency are converging as President Trump and his administration drive favorable regulations and invest in digital asset companies like Truth.Fi. With the elimination of guidance from the SEC to treat crypto as a liability, financial institutions like Charles Schwab (SCHW) now have the green light to hold crypto assets for clients. The industry sees this as a step toward wider acceptance of digital assets, predicting their growth as a common investment.

Published on: February 03, 2025, 12:03 PM UTC

Despite rising costs, Southwest (LUV) CEO remains positive on turnaround, boosted by confidence in fleet partner Boeing (BA).

Published on: February 03, 2025, 12:03 PM UTC