President Donald Trump's trade tariffs and persisting inflation in the United States have pressured the outlook for businesses, particularly consumer retailers.
Citing institutional investors, Morgan Stanley’s Mike Wilson said the current weakness stemmed from the tariff and other “rapid-fire” policy announcements
Wedbush’s Dan Ives said that Musk spending "110% of his time with DOGE" since Trump returned to the White House has caused a "political lightning rod" issue.
The Federal Reserve left interest rates unchanged at 4.25%-4.50% on Wednesday, with Chairman Jerome Powell reviving the term “transitory” to describe the potential inflationary effects of new tariffs.
Federal Reserve Chairman Jerome Powell indicated that inflation driven by new trade tariffs might be “transitory,” evoking comparisons to the Fed's 2022 misstep when it wrongly classified inflation as a short-lived
The central bank expects core PCE inflation to hit 2.8% in 2025 compared to a December projection of 2.5%. At the same time, the Fed has lowered its growth estimate to 1.7% from the 2.1% estimated in December.
For many investors, the goal of achieving financial independence or building wealth in the long run focuses around strategies like dividend reinvestment plans and
Risk sentiment shows signs of recovery by midday trading in New York, as investors anxiously await the Federal Open Market Committee (FOMC) meeting at 2:00 p.m., hoping that Federal Reserve Chair Jerome Powell will offer reassuring remarks on the strength of the economy.
US markets closed in red, Fed expected to hold rates steady, Trump and Putin agreed to limited Ukraine ceasefire. US data showed strong results. Most S&P 500 sectors down, energy & healthcare up. Asia markets mixed, Europe up. Commodities down, USD slightly up due to recession fears and tariffs.
Super Micro announced support for the new Nvidia RTX PRO 6000 Blackwell Server Edition GPU and also new systems and rack solutions powered by the Blackwell Ultra platform.
