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US stocks were mixed Monday and the S&P 500 eked out a record high for the sixth day in a row as investors digested the announcement of a trade deal between Washington and Brussels.
“Today a confluence of factors argue that the key tail risk that may not be priced in is not just a cyclical recovery, but a boom,” BofA Research analysts write.
U.S. economic growth is expected to have rebounded in the second quarter after falling in the first. However, experts say Wednesday's report on the Gross Domestic Product may not say much about the economy's actual health.
Spirit Airlines said on Monday that it will furlough about 270 pilots while demoting another 140, as the cash-strapped budget carrier looks to scale down its workforce to match a downsized schedule.
Tariff revenue has increased in recent months, though the levies make it nearly certain that American households will pay higher prices for imported everyday goods.
The 15 percent tariff on imports to the U.S. from the EU is believed to be a flat rate, and not stacked, which would be a plus for footwear brands.
September WTI crude oil (CLU25 ) on Monday closed up +1.55 (+2.38%), and September RBOB gasoline (RBU25 ) closed up +0.0388 (+1.88%). Crude oil and gasoline prices rallied sharply on Monday to 1-week highs. Concerns about the possibility of tighter global
(Bloomberg) -- Oil rose after US President Donald Trump said he would move up the deadline for Russia to agree to a truce in Ukraine, reigniting concerns that tensions between Moscow and the West will threaten flows of crude supplies.Most Read from Bloomb
Vident Asset Management President Amrita Nandakumar explains why investors should be concerned for unprofitable ETFs and believes issuers are realizing the opportunity costs is higher with older products. She speaks with Scarlet Fu and Eric Balchunas on \
Investors seemed to be disappointed with the new trade deal between the E.U. and the U.S.
(Bloomberg) -- Since Scott Bessent took the Treasury’s helm in January, bond dealers have done a 180 on the key question about his issuance strategy in the $29 trillion market for US Treasuries.Most Read from BloombergBudapest’s Most Historic Site Gets a
The FOMC is expected to leave its policy rate unchanged in the 4.25%–4.50% range this week.
(Bloomberg) -- Prime Minister Mark Carney said his government is still deep in trade talks with the Trump administration, despite recent comments from the US president that suggested a deal with Canada wasn’t a priority.Most Read from BloombergBudapest’s
(Reuters) -The European Union's trade deal with the United States could cost the pharmaceutical industry between $13 billion and $19 billion as branded medicines become subject to a tariff of 15%, analysts said on Monday. The added costs could raise price
Oil futures jumped 2% as investors bet that Trump's comments on Russia could result in sanctions on Russian oil that might prompt a supply shock. Meanwhile, a US trade deal with the EU fueled optimism over demand.