The central bank is bracing for President Trump’s tariffs to dent growth while stoking inflation, keeping interest rate cuts at bay for now.
As President Trump’s tariffs rock the world, German bonds and the euro are benefiting. But U.S. strength endures, our columnist says.
The iPhone maker warned that it may take a $900 million hit from President Trump’s levies, showing that even powerful companies aren’t immune from the trade war.
The agreement could provide a windfall to the U.S., but the resources will be expensive to extract, and any progress is unlikely while the war rages.
U.S. stocks were mostly lower, with the Nasdaq leading declines as makers of AI infrastructure suffered steep falls, many in the double digits. Nvidia was down 16%.
Gold settled 1.4% lower, down two of the past three sessions, and silver fell 2.5%, down three of the past four sessions.
Panic fueling the selloff of Nvidia, Broadcom and other tech giants is overblown.