How Stock Market ‘Wealth Effect’ Could Slow the Economy

Market jitters over trade could damage more than your retirement fund balance. When investors feel less wealthy, they may also choose to spend less. Income is a paycheck, but wealth is at least partially a vibe. One day a portfolio of stocks is worth $100,000, and the...

Dollar Slides by Most Since 2022 as Traders Gird for More Losses

The dollar plunged Thursday, with the cost of hedging against further slides climbing to the highest since the Covid pandemic shuttered cities in early 2020. Markets expect more dollar weakness, with the Bloomberg Dollar Spot Index down 1.5% at the end of trading in...

Summers Warns US Likely Headed to Recession, 2 Million Jobless

Former Treasury Secretary Lawrence Summers warned that the US is now likely headed toward a recession, with potentially 2 million Americans put out of work, thanks to the tariff increases now in train. “It’s more likely than not that we’re going to have a recession —...

Wild Stock Swings Magnified by Headline Bots, Strained Liquidity

The stock market is particularly vulnerable to wild swings right now due to a combination of thin liquidity and headline-driven algorithmic trading bots. That’s what helped turn a false tweet about President Donald Trump’s plans for tariffs into a $2.7 trillion market...