Markets are absolutely booming under Trump. They’re about to face a huge test
CNN
Six months into President Donald Trump’s second term, a quick glance at the stock market might offer a reassuring picture: The S&P 500 just closed above 6,300 points for the first time ever and has notched eight record highs in the past month.
Six months into President Donald Trump’s second term, a quick glance at the stock market might offer a reassuring picture: The S&P 500 just closed above 6,300 points for the first time ever and has notched eight record highs in the past month. If you look at markets halfway into the year, it might be not be apparent that there has been unprecedented trade turmoil, conflict in the Middle East and relentless attacks on the Federal Reserve’s independence. The stock market and bitcoin have soared to record highs, while bonds have resumed a steady rally and volatility in oil prices has subsided. Global markets so far this year have been remarkably resilient. The calm mood on Wall Street is an extraordinary change from early April, when the S&P 500 hit its lowest level in over a year and was on the precipice of a bear market after Trump unveiled his initial “Liberation Day” tariffs. “Perhaps the move by US stocks off the early-April lows is emblematic of the age-old adage about bull markets often climbing a ‘wall of worry,’” Liz Ann Sonders and Kevin Gordon, investment strategists at Charles Schwab, said in a note. “There is no shortage of things to worry about; but that’s the wall markets often climb.” Markets are floating near record highs despite underlying tariff uncertainty. While investors have begun to shrug off a myriad of concerns, US stocks are trading at historically expensive valuations as Trump’s self-imposed August 1 tariff deadline approaches. As Trump presses forward with his trade war, markets’ momentum will face a tariff test.
President Donald Trump’s attack dog atop the FCC, Brendan Carr, garnered lots of attention on Saturday for threatening the licenses of local broadcasters over news coverage he deemed to be “fake.”
The first of the month can create anxiety for millions of renters across America.
US economic growth was even weaker than previously reported at the end of last year heading into President Donald Trump’s war with Iran.
Part of the pitch for using AI at work goes like this: It’s like having a team of people to delegate your grunt work to, freeing you up to think strategically and maybe, just maybe, take a long lunch or head home early. Or maybe even be more productive, to make more money. It’s a nice idea!
The war with Iran is complex, but the reason why the Middle East conflict matters to your financial well-being comes down to three simple facts.
The efforts to mitigate an global oil shortage did little to dampen the rise in crude prices
Buzzfeed, the digital media company that took the mid-2010s by storm, said on Thursday it has “substantial doubt” about its ability to continue as a business.
A bipartisan group of senators passed a bill Thursday aimed at improving housing affordability.
Stocks fell and oil prices surged Thursday as the war with Iran continued to stoke fears of higher energy costs and disruptions to the global economy.
Ever since the US and Israel struck Iran, the jump in oil and gas prices has become a major focus for markets and consumers alike. But that’s only the top of a long list of goods that stand to get more expensive.
Stocks have climbed, bond yields have fallen and the US dollar has weakened across President Donald Trump’s second term so far — market movements the president has welcomed.
Meta, the company that changed its entire brand identity five years ago on the promise of a technology it turned out no one wanted, just spent an undisclosed sum to acquire Moltbook, a “social network” built for “AI agents.”
Dozens of countries have done the unprecedented, releasing an historic amount of crude from emergency reserves to prevent high oil prices from crippling the economy. If that doesn’t work, there’s only one serious option left: ending the war and opening the Strait of Hormuz.