Mar 9, 2025 | Markets
President Donald Trump said the US economy faces “a period of transition,” deflecting concerns about the risks of a slowdown as his early focus on tariffs and federal job cuts causes market turmoil. Asked on Fox News’ Sunday Morning Futures whether he’s expecting a...
Mar 9, 2025 | Markets
Oil slid to a six-month low as signs of economic weakness in the world’s two biggest crude consumers fanned concerns that US tariffs will sap global energy demand. West Texas Intermediate dipped 1.5% to end the session near $66 a barrel, the lowest settlement price...
Mar 8, 2025 | Markets
Federal Reserve Bank of San Francisco President Mary Daly said growing uncertainty among businesses could slow demand in the US economy but doesn’t require a change in interest rates. Business leaders in her Fed district have conveyed that “uncertainty surrounding the...
Mar 8, 2025 | Markets
Brent slumped to a three-year low as bearish clouds gathered Shaky demand outlook runs headlong into swelling supplies Oil prices suddenly broke out of a months-long slumber this week to touch a three-year low. Now, traders are grappling with the question of whether...
Mar 7, 2025 | Markets
In the weeks after Donald Trump won the US presidential election, investors pumped more than $700 billion into Tesla Inc. shares, betting that Elon Musk’s relationship with the commander in chief and growing political prominence would pay off for the automaker. Barely...
