What Is DOGE Without Elon Musk?
In May, the Department of Government Efficiency, or DOGE, lost its architect and de facto leader, Elon Musk.…
EU, US Clinch Deal to Avoid Trump Tariff Hike Ahead of Deadline
The US and European Union agreed on a hard-fought deal that will see the bloc face 15% tariffs…
Fed Is Set for Contentious Debate as Investors Eye Fall Rate Cut
Federal Reserve officials are determined to hold interest rates steady a little while longer, though an increasingly contentious…
Stock Investors Expect Rally as Europe Clinches US Trade Deal
Investors expect automakers and luxury goods makers to lead a relief rally in European stocks when the market…
ECB’s Kazaks Sees Little Need for Further Rate Cuts
Good morning. A European central banker sees little need for further easing. A $50,000-a-night resort showcases Africa’s luxury…
Hedge Funds Trim Bullish Oil Position as Tariff Deadline Nears
Hedge funds cut their bullish position on US crude to the lowest since early April as President Donald…
Return of Meme Stock Mania Has Traders on Alert for Market Froth
The reemergence of meme stock mania last week has professional investors facing a quandary: ride the excitement of…
EU Readies Tariff Plan for US if Trade Talks Fall Through
The European Union plans to quickly hit the US with 30% tariffs on some €100 billion worth of…
Pressure Mounts on Powell in Tee-Up to GDP, Jobs Data: Eco Week
Federal Reserve Chair Jerome Powell and his colleagues will step into the central bank’s board room on Tuesday…
Trump’s 50%-Tariff in Brazil May Hit Major State’s GDP by 2.7%
The Brazilian state of Sao Paulo is working on measures to mitigate the impact of potential 50% tariffs…
Euro-Zone Growth to Stall as Short-Lived Trade Boost Unwinds
Key euro-area output data next week are expected to show the economy stagnated in the second quarter, the…
US Treasuries Doubt Bad for Everyone, Says ECB’s Nagel
A strong market for US Treasuries is in everyone’s interest, said Bundesbank President Joachim Nagel. “We need a…