Author: Tim Stanley

On March 7, U.S. Treasury Scott Bessent said the U.S. economy could be in for a “detox period” as it adjusted to President Donald Trump’s transformative policy agenda. The gyrations on Wall Street and beyond on April 3 following Trump’s sweeping global tariffs the day before suggest that may be a huge understatement. U.S. stocks, the dollar and oil cratered on Thursday, bond yields plunged and volatility soared, as Trump’s tariffs at a stroke darkened the near-term outlook for spending, investment, corporate earnings, economic activity and growth.Read More

Read More

Bloomberg’s Caroline Hyde discusses how investors are reacting to tariffs as the magnificent seven and other tech names drop. Mark Mahaney, Evercore ISI managing partner, explains the global impact tech firms could face in a trade war. And Sowmyanarayan Sampath, Verizon Consumer Group CEO, on how consumers could be hit by tariffs. (Source: Bloomberg)Read More

Read More