Tariffs

Banking

Goldman’s ‘Midas Touch’ During Turbulent Quarter Delivers Record Trading Results

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Goldman’s top line metrics — profit up 22% to $3.7 billion and total revenues up 15% to $14.6 billion — also bested analysts’ expectations.

2 min read

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ETF Upside

Tariff Fallout Hasn’t Hit Markets Yet. Issuers Say That Could Change

Strategists from Allianz and Invesco are cautioning investors about market performance in the second half of the year.

2 min read
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Economics

Bet Your Bottom Dollar: Can the Sinking US Greenback Bounce Back?

The dollar is the most important currency on earth, adding up to 57.7% of global currency reserves in the first quarter.

5 min read
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Industrials

Pentagon to Take $400 Million Stake in Rare Earth Miner Outside Vegas

China accounts for nearly two-thirds of raw material production and 90% of the manufacturing of rare earth magnets.

2 min read

Advisor Upside

Advisors Calm Clients After Trump’s Latest Tariff Announcements

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Financial plans are designed to weather economic uncertainty, but it can be hard for clients to remember that.

2 min read

Autos

Ford, GM Notch Sales Surge as Detroit Braces for Slump

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Ford said that its second quarter sales rocketed 14% in the second quarter from a year earlier to 612,095 vehicles.

2 min read

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Consumer

Shein, Temu Sales Slide After Losing US Duty-Free Loophole

In May, POTUS scrapped the “de minimis” exemption that allowed Shein and Temu to ship packages worth less than $800 to the US duty-free.

2 min read
Photo via ANNABELLE GORDON/UPI/Newscom

Economics

Jerome Powell is Finally Getting Specific

Simply put, Powell says he needs to wait and see June and July price data to know just how impactful and inflationary tariffs have been.

3 min read
Photo via Aaron Schwartz/CNP/ Polaris/Newscom

Inflation & Prices

Just How Much Data Does the Fed Need to Cut Rates?

Despite new data this week showing inflation has cooled, Powell and the Federal Reserve are still expected to hold off on rate cuts.

2 min read

International Economics

Washington Trade Talks With Beijing Drive S&P 500 Toward Record High

Photo via Li Ying / Xinhua News Agency/Newscom

The on-off dynamic of the US-China economic relationship so far this year would make the writing rooms of most soap operas blush.

2 min read

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