News

UBS raises rating on U.S. stocks from neutral to attractive, citing Trump's partial tariff U-turn
The mood in the stock market is pretty downbeat, but that, coupled with President Donald Trump's decision earlier this week to pause certain tariff increases for most U.S. trading partners, likely ...
Damage to U.S. currency has been done as 'rapid de-dollarization' takes hold
Despite President Donald Trump's announced reversal on tariffs for most countries except China, market participants are reassessing the structural attractiveness of the dollar as the world's global ...
JPMorgan Chase, NVIDIA Corp. share gains lead Dow's nearly 150-point climb
Shares of JPMorgan Chase and NVIDIA Corp. are trading higher Friday morning, lifting the Dow Jones Industrial Average into positive territory.
Dollar loses 'exceptionalism' on multiple fronts: TD
The U.S. dollar is in the process of losing its safe haven appeal despite tariff-driven uncertainty, and this is linked to what TD Securities strategists Jayati Bharadwaj and Mark McCormick are ...
Dow opens 300 points lower as traders digest latest tariff developments
U.S. stocks opened lower on Friday as early gains in the premarket session faded. Investors appeared to be eyeing the latest developments on the tariff front after Beijing announced another round of ...
30-year Treasury bond heads for worst week since 1987 as yields surge
Treasury yields continued to climb overnight on Friday, leaving the 30-year bond on track for its worst week since 1987, Dow Jones Market Data showed. The 30-year yield rose 46.8 basis points to 4.859 ...
Treasury yields rise after wholesale inflation reading
Treasury yields were up Friday morning, as investors assessed fresh data showing wholesale inflation unexpectedly dropped in March. The yield on the 10-year Treasury note was rising about 4 basis ...
Mortgage applications jump 20% as rates hit a six-month low — and this is the No. 1 lender of April 2025
We analyzed “best mortgage lender” reviews from 7 major financial sites in America to find which lenders were the most ...
Dow futures higher after latest inflation report
U.S. stock futures got a boost ahead of the opening bell on Friday after the latest reading on wholesale prices showed a sharp drop in March, largely due to cheaper oil. Headline PPI decreased 0.4% in ...
Fed's Kashkari sees stresses, but not big dislocations in financial markets
Minneapolis Fed President Neel Kashkari said Friday he sees stresses, but not dislocations. in financial markets. "I'm not ...
Gold hits fresh record high north of $3,200 as investors run for cover
Investors sought refuge from turbulent global markets in gold, pushing the price of the yellow metal to a record high on Friday. The June futures contract trading on Comex surged nearly 2% to a record ...
Wells Fargo sees equity, total markets revenue dip slightly
As part of Wells Fargo's Q1 revenue, which fell below expectations, the bank also saw a slight year-over-year dip in markets revenue. Total Q1 markets revenue was $1.827 bi ...