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Stocks maintained a degree of calm on Tuesday, even as the Trump administration’s chaotic tariff rollout continued to sow more uncertainty. The S&P 500 dipped 0.2 percent for the day after inching higher in the morning, and the technology-heavy Nasdaq also posted a slight loss. President Trump’s whipsawing tariff policies are still driving sentiment on…
Mehul Choksi, a wealthy diamond dealer whom India has sought in connection with a fraud case involving one of India’s largest state-run banks, has been arrested in Belgium, his lawyer said on Monday. Mr. Choksi, 65, is wanted on charges relating to an attempt to defraud the publicly owned Punjab National Bank of nearly $1.8…
It has been a chaotic few weeks in geopolitics. At the beginning of the month, President Trump announced tariffs that threw the global economy into turmoil. Investors panicked, stock markets plunged, and analysts predicted an imminent recession. Mr. Trump insisted that he would not change course, even as trillions of dollars in market value vaporized….
At the end of a three-hour hearing last month, Senator Ruben Gallego, Democrat of Arizona, sided with a group of Republicans in a hotly contested debate. He voted to advance the GENIUS Act, a bill backed by the cryptocurrency industry. “It’s clear that digital assets are here to stay,” Mr. Gallego said after the Senate…
The bedrock of the financial system trembled on Friday, with government bond yields rising sharply as the chaotic rollout of tariffs shook investors’ faith in the pivotal role played by the United States in the financial system. U.S. government bonds, known as Treasuries because they are issued by the U.S. Treasury, are backed by the…
Wall Street’s biggest firms on Friday attempted the tricky two-step of revealing the toll of President Trump’s whiplash tariff policy without outright criticizing a man who has repeatedly tangled with the financial industry for slights both real and imagined. “Obviously,” Jamie Dimon, JPMorgan Chase’s chief executive said in a conference call with reporters. “the China…
President Trump’s wave of tariffs threatens to bring both short-term economic pain, including lower growth, and long-term damage to America’s standing and trade relationships around the world, the chief executive of Wall Street’s biggest bank warned on Monday. “The recent tariffs will likely increase inflation and are causing many to consider a greater probability of…
The global economic system that the United States has shaped and steered for more than three-quarters of a century was animated by a powerful guiding vision: that trade and finance would be based on cooperation and consent rather than coercion. That system, for all its faults, entrenched the United States as the world’s richest nation…
Chris Bergen, who runs a commercial greenhouse business in northern Minnesota, finds himself “walking a tightrope” roughly two months into President Trump’s second term. Acute uncertainty about how the administration’s trade and immigration policies will unfold and affect the economy has made him much more cautious about any expansion plans. As one of the country’s…
Every few weeks, fireworks light up the night sky in Cambodia, set off by scammers to salute their biggest swindles. By the time the shells pop and crackle, somebody’s life savings are probably gone. Maybe the victim fell for an online romance scam or bought into a fake cryptocurrency exchange. Whatever the scheme, the money…
