This week in Trumponomics: Thumbs down all around

Mar 15, 2025 | Markets

Is there anybody left who likes President Trump’s new economic nihilism? There must be a few folks. Domestic steel and aluminum producers will see increased profits from Trump’s import tariffs, while everybody else pays more. The Wall Street Journal found a handful of...

Wall Street Battered Again by Trump Chaos as New Winners Emerge

Mar 14, 2025 | Markets

This is the market Ben Inker has been waiting for. In the grip of Wall Street’s rebellion against President Donald Trump’s tariff agenda – with stocks down around 2% this week even after Friday’s big rebound – Inker is among a cohort of investors making money in this...

Marc Lasry Says Economy ‘Can’t Survive’ Under Trump Uncertainty

Mar 14, 2025 | Markets

Marc Lasry, the billionaire co—founder of Avenue Capital Group, said the uncertainty over President Donald Trump’s policies, particularly on tariffs, is stalling investors looking to take advantage of market opportunities. “The problem for the markets is when they...

Gen Z Americans Don’t Have Enough Saved to Cover a Single Month of Spending

Mar 14, 2025 | Markets

Younger Americans don’t have enough saved to cover a single month of spending, showcasing their vulnerability should the economy head into a downturn. Members of the Gen Z generation — people born after 1995 — were spending twice the amount they had in savings on...

State Street Tries to Tap Long-Lost Mojo With Private Credit ETF

Mar 14, 2025 | Markets, Private Credit, Private Markets

The first-ever ETF to bring private assets to the masses was meant to be a milestone this year in Yie-Hsin Hung’s push to shake off State Street Corp.’s reputation for being cautious and boring. Hung has been tasked with reviving the appetite for innovation at State...

US Consumer Sentiment Drops, Price Expectations Soar on Tariffs

Mar 14, 2025 | Markets

US consumer sentiment fell to a more than two-year low and long-term inflation expectations jumped by the most since 1993, illustrating growing apprehension about the economic impact from tariffs. The preliminary March sentiment index dropped to 57.9, the lowest level...