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

Apr 10, 2025 | Markets

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

Apr 8, 2025 | Markets

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

Apr 8, 2025 | Markets

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...

JPMorgan to Goldman Swoon in Worst Two-Day Rout Since Pandemic

Apr 4, 2025 | Markets

Shares of big US banks plummeted, notching their biggest two-day drop since March 2020, after China escalated its trade war with the US. Some of Wall Street’s top lenders, Morgan Stanley, Goldman Sachs Group Inc. and Citigroup Inc., all closed more than 7% lower after...