Technology stocks led the Nasdaq Composite to new highs as investors continued to bet on the strength of U.S. consumers and rate cuts. The S&P 500 edged higher, while the Dow industrials slipped ahead of retailers’ earnings.
The JPMorgan chief executive says his timeline “isn’t five years anymore.”
The crypto asset manager is battling an investor exodus from its flagship bitcoin fund.
A new 25% tariff on Chinese EV batteries and parts could hit Tesla and Ford’s cheapest electric vehicles.
The Treasury secretary came out against the proposed global levy, which proponents say would stop the rich from shifting wealth into countries where they can avoid paying the tax.
The 10-year Japanese government bond yield climbed to an 11-year high, driven by growing market expectations that the Bank of Japan will take additional steps to tighten policy in the coming months.
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