Traders are, however, still obsessed with macroeconomic data. Over the past three months, the S&P 500’s average realized volatility on days when the CPI report, the government’s monthly jobs data and Fed rate decisions are released has been nearly 42%, compared with a reading of 29% on all other sessions, according to data complied by […]
“If the tariffs can be revised, we have absolutely no intention of waiting” until the G-7 summit, Akazawa said. “We are negotiating with the aim to stop the impact on the Japanese economy as soon as possible, whether it’s by a day or by hours or even a second.”
Brent traded around $65 a barrel and was on track for its first weekly gain since mid-May, while West Texas Intermediate was near $63. President Donald Trump and his Chinese counterpart, Xi Jinping, agreed to further trade talks aimed at resolving disputes over tariffs and supplies of rare earth minerals.
“The impact of tariffs is gradually becoming clear. I believe that a significant decline in automobile exports will occur down the road,” said Shinichiro Kobayashi, chief economist at Mitsubishi UFJ Research and Consulting. “Currently, car sales in the US are still strong, so there is some demand for exports, but as sales decline, exports to […]
Several prominent Republican politicians and activists with ties to the White House, including the president’s eldest son, Donald Trump Jr., and Representative Byron Donalds, who is running for governor with the president’s endorsement, campaigned to scuttle Ono’s appointment. Florida Governor Ron DeSantis has long pushed to strip state university administrations of perceived supporters of what […]
“In the short term, the market shows a slightly bullish trend amid volatility,” said Gao Mingyu, Beijing-based chief energy analyst at SDIC Essence Futures Co. “But OPEC+’s rapid output increase makes it difficult for the supply-demand tightness that’s driven by seasonal and geopolitical factors to persist.”
A lot of trade lawyers would say that was no surprise that Trump tried a fairly obscure, untested, uh, legal authority and has at least lost for now. But there are others that he can use. They’re more targeted, they take longer to implement. There’s investigations you have to do to kind of justify why […]
“Oil’s rally is a classic case of worst fears not materializing,” said Charu Chanana, chief investment strategist at Saxo Markets Pte. “OPEC’s mixed signals, coupled with rising geopolitical tensions and driving-season demand, sparked a sharp short-covering rally,” with the weaker dollar also contributing to the move higher, she said.
Hawley later said he supports the House bill’s work requirements, as well as efforts to go after fraud, but opposes that measure’s changes to the Medicaid provider tax and cost sharing. The House legislation seeks to limit a practice whereby states tax hospitals and other Medicaid providers in order to bolster their federal reimbursement levels, […]
Electric trucks accounted for 22% of light-duty commercial vehicle sales in April, from 13% in the same month last year, according to BloombergNEF. For bigger rigs, the increase is even more pronounced, with sales trebling to 15% of the total. Diesel demand is being menaced on two fronts, as liquefied natural gas had already been […]