NEW YORK -Wall Street stocks tumbled on Thursday on mounting worries over the economic impact of U.S. President Donald Trump’s multi-front tariff war. All three major U.S. stock indexes fell sharply, forfeiting much of the previous session’s gains as growing…

LONDON – As the dust settles after a bruising week eased by U.S. President Donald Trump’s tariff pause, the takeaway from global investors is loud and clear: market turbulence is here to stay. In a stunning reversal on Wednesday, Trump…

Wall Street’s main indexes fell hard again on Thursday on concerns over the impact of high tariffs on the global economy, marking a U-turn from the previous session’s historic share gains when U.S. President Donald Trump moved to temporarily lower…

WASHINGTON – The U.S. government posted a $161 billion budget deficit for March, down 32% or $76 billion from a year earlier, a decline due largely to a calendar shift for benefit payments as receipts continued to grow, the Treasury…

NEW YORK – Short interest on the Nasdaq rose 0.6% in late March, the exchange said on Wednesday. As of March 31, short interest climbed to about 15.754 billion shares, compared with 15.664 billion shares as of March 14. Investors…

NEW YORK -The U.S. dollar rebounded against safe-haven currencies including the yen and Swiss franc on Wednesday after President Donald Trump announced a 90-day pause on many new tariffs on trading partners, but escalated a confrontation with Beijing by hiking…

NEW YORK – Wall Street surged after U.S. President Donald Trump announced a 90-day pause in tariffs unveiled last week that roiled markets and erased trillions of dollars from global stock markets. The policy changes also include a lowered overall…

U.S. Treasury investors were left bruised on Wednesday despite a temporary pause in U.S. tariffs, as some funds were forced to sell bonds in a dash for cash while others called into question the bonds’ status as the world’s safest…

LONDON – The tariff shock and recession fears that have sent world stocks into a tailspin over the last week are rolling into corporate funding markets, raising the cost of borrowing and disrupting financing plans even for lower-risk companies. With…

WASHINGTON -The U.S. Senate Commerce Committee voted 16-12, largely along party lines on Wednesday, to advance the Trump administration’s nominee to oversee a $42-billion government fund to bring high-speed broadband internet to unserved parts of the U.S. Arielle Roth, who…

Traton reported a 10% drop in first-quarter deliveries and said the quarter’s operating will fall short of market expectations, Volkswagen’s trucks business said on Wednesday. The company said it sold 73,100 trucks and buses in the first quarter, compared with…

BEIJING/BRUSSELS/WASHINGTON -China and the European Union announced new trade barriers on U.S. goods on Wednesday in response to steep duties imposed by U.S. President Donald Trump, escalating a global trade war that has hammered markets and raised the likelihood of…

Individual investors have been working the phones for advice in the wake of U.S. President Donald Trump’s sweeping tariff announcements which have sparked fears of a recession. Among the most nervous are those approaching retirement, as the market slide wreaks…

WASHINGTON – How concerned Federal Reserve officials were over stagflation risks as they met last month may become more clear on Wednesday in a readout of a gathering held before President Donald Trump’s April 2 tariff announcement shook markets and…

BEIJING – China needs to implement more proactive macroeconomic policies and roll them out in a timely manner as “external shocks” have put pressures to China’s economic stabilisation, Premier Li Qiang said on Wednesday, according to state media. During a…

President Donald Trump on Tuesday said he told the Taiwan Semiconductor Manufacturing Company it would pay a tax of up to 100 percent if it didn’t build its plants in the United States Speaking to an event at the Republican…

NEW YORK – A violent U.S. Treasury selloff, evoking the COVID-era “dash for cash,” has reignited fears of fragility in the world’s biggest bond market. The $29-trillion Treasury market had surged in recent weeks as investors dumped stocks for the…

LONDON – A British lawmaker has introduced a private member’s bill that would set new rules around debt restructurings in a push to speed up negotiations for poor countries struggling with unsustainable debt. Bambos Charalambous, who introduced the bill late…

MADRID – The impact of U.S. tariffs on Spain will lead the Bank of Spain to revise down its growth forecasts, Spain’s central bank governor and European Central Bank’s policymaker Jose Luis Escriva said on Wednesday.

The interest rate for the most popular U.S. home loan dropped to 6.61% last week, the lowest rate since October, giving a boost to mortgage applications even as global stocks tumbled in the wake of President Donald Trump’s decision to…

LONDON – Investors are dumping U.S. assets they usually favour in times of turmoil as fear over the economic impact of U.S. President Donald Trump’s reciprocal tariffs shakes confidence in traditional safe-havens. The dollar and U.S. Treasuries have taken a…

European shares fell on Wednesday as steep U.S. reciprocal tariffs kicked in, exacerbating fears over the economic damage caused by the trade war that even spread to the bond market. The pan-European STOXX 600 slumped 2.5% at 0711 GMT, as…

NEW YORK – Major stock indexes fell on Tuesday as the trade war between the United States and China intensified, while oil prices and the U.S. dollar also eased. The United States said 104% duties on imports from China will…

WASHINGTON -U.S. Trade Representative Jamieson Greer told U.S. senators on Tuesday that President Donald Trump’s administration will not change tactics on tariffs in the near term and warned that some pain for businesses will be necessary to bring home manufacturing…

SINGAPORE – Oil prices dropped to their lowest in more than four years in early trade on Wednesday on looming demand concerns fuelled by an escalating tariff war between the U.S. and China, the world’s two biggest economies, and a…

NEW YORK/LONDON -The Euro gained on Tuesday following reports that German political parties had agreed to form a coalition, while the U.S. dollar weakened against major currencies and China’s offshore yuan hit a record low. Germany’s conservatives under chancellor-in-waiting Friedrich…

SECAUCUS, New Jersey – Pushing a shopping cart down the aisle of a Walmart Supercenter, Thomas Jennings, 53, loaded up on juices, condiments and whatever he could think of. “I’m buying double of whatever – beans, canned goods, flour, you…

Wall Street’s main indexes flitted between red and green on Tuesday afternoon after rallying sharply in the morning as investors’ hopes ebbed for U.S. delays or concessions on tariffs ahead of a midnight deadline. After stocks tumbled at their fastest…

WASHINGTON – U.S. tariff negotiations are the result of calls from other countries not sliding financial markets and China’s escalation is a big mistake, U.S. Treasury Secretary Scott Bessent said on Tuesday. “I think it was a big mistake, this…

TOKYO -Japanese Prime Minister Shigeru Ishiba said on Monday he told U.S. President Donald Trump in a telephone call that his tariff policies are extremely disappointing and urged him to rethink. “I’ve told the President that Japan has been the…