Market

TODAY'S TAKEAWAY: Earnings season is well underway, and while many companies are beating analyst estimates, investors may be let down due to uncertainty regarding Trump administration policies. execs are hesitant to take risks and provide worst-case scenario guidance, leading to concerns about future corporate profits.

Published on: February 03, 2025, 02:03 AM UTC

Donald Trump's support for cryptocurrencies encourages financial institutions to expand into digital assets, with Charles Schwab playing a key role in custody. SEC rule changes and industry demand signal wider acceptance of crypto investments, pending further regulatory guidance. Banks consider offering crypto services as the regulatory landscape evolves.

Published on: February 03, 2025, 02:02 AM UTC

Trump's 25% tariffs on Canada and Mexico, 10% on China unsettle Wall Street analysts, predicting pain. Economists warn of recession in Mexico, inflation in the US, and a hit to US growth. Analysts see implications for key industries like metals and mining, with Alcoa, GrafTech International, and Cleveland Cliffs facing financial risk.

Published on: February 03, 2025, 02:01 AM UTC

US stock futures point to hefty losses for major indexes as Wall Street shows the effects of President Donald Trump’s tariffs on China, Mexico, and Canada, with Nasdaq futures (NQ=F) leading the way down.

Published on: February 03, 2025, 02:01 AM UTC

The yen's haven appeal remains as US-China trade tensions escalate, making it the only G-10 currency to gain against the dollar this year.

Published on: February 03, 2025, 02:01 AM UTC

JPMorgan to Deliver $4 Billion in Gold Amid Surge in Futures Contracts

Published on: February 03, 2025, 02:00 AM UTC

Stocks fell sharply on Friday as investors digested the impact of President Trump's tariffs on Canada, Mexico and China. The S&P 500 (^GSPC) closed down 1.8%, the Dow Jones Industrial Average (^DJI) fell 1.7%, and the Nasdaq Composite (^IXIC) lost 2.3%. The sell-off was broad-based, with all 11 sectors in the S&P 500 finishing in the red. Energy and financial stocks were among the hardest hit.

Published on: February 03, 2025, 01:02 AM UTC

US stock futures forecast sharp losses, with Nasdaq futures down 2.2% and S&P 500 futures down 1.6%, as Trump's tariffs on China, Mexico, and Canada take effect.

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

Oil surges as Trump imposes hefty tariffs on imports from Canada, Mexico, and China, potentially leading to higher consumer costs and disruption in global trade.

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

BOJ policymakers consider further interest rate hikes to combat inflation and support the yen, meeting summary shows.

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