Apr 4, 2025 | Markets
The first signs of capitulation among normally bullish retail traders are showing up in data at JPMorgan Chase & Co. and Fidelity Investments. JPMorgan reported retail orders amount to net selling of $1.5 billion as of noon Friday, the most in the first 2.5 hours...
Apr 4, 2025 | Markets
Copper prices plunged below $9,000 a ton in the biggest drop since March 2020 as worries over the impact of a worsening trade war sparked a heavy selloff in metals and mining equities. The bellwether metal fell 6.3% to settle at $8,780 a ton in London on Friday, as...
Apr 4, 2025 | Markets
The fastest US stock market selloff since the depths of the Covid pandemic has left valuations looking cheap. But if a recession is inevitable due to the global trade war sparked by President Donald Trump’s tariffs, the definition of inexpensive becomes relative....
Apr 4, 2025 | Markets
Treasuries climbed and traders boosted their bets on interest-rate cuts by the Federal Reserve as the fallout from President Donald Trump’s tariffs convulsed markets for another day. A solid US jobs report failed to reassure markets on Friday, while comments from Fed...
Apr 4, 2025 | Markets
The Bank of Italy cut its forecast for growth this year, reckoning that new US tariffs will hold back expansion in the euro zone’s third-biggest economy. Gross domestic product is seen rising 0.6% in 2025 compared to a previous forecast of 0.8%, according to the...
Apr 4, 2025 | Markets
Wall Street forecasters are turning ice cold on US equities, telling investors to refrain from buying the selloff as President Donald Trump’s historic trade war raises the specter of recession. Bank of America Corp.’s Michael Hartnett became the latest to recommend...
