Powell: Trade Uncertainty, Global Growth Worries Could Prompt Rate Cuts
Fed Chairman Jerome Powell said central-bank officials are debating whether uncertainty over the Trump administration's trade policy will cause the economy to slow and warrant rate cuts later this year.
Gold Rally Picks Up Steam as Investors Pile In
The most-active gold futures contract rose more than 1% Tuesday to $1,435 a troy ounce, heading for a fresh six-year high as investors anticipate lower interest rates and seek alternatives to currencies and bonds.
Stocks Fall Amid Fed Comments; Tech Slides
U.S. stocks fell Tuesday, as investors weighed commentary from Federal Reserve officials and shares of technology companies slumped.
Trump Administration to Take on Local Housing Barriers
The Trump administration will explore using federal programs to push local governments to soften or eliminate rules that block housing construction, an issue that has stymied officials at all levels of government for years.
Sagging Trade Flows Spark Alarm Before G-20 Meeting
World trade flows have sagged again in 2019, a sign that higher U.S. tariffs and other trade barriers are cooling growth as leaders from the Group of 20 large economies prepare to meet in Japan.
EU Expands Its Stack of Trade Deals
The European Union is building a free-trade coalition of the willing, one deal at a time, as Vietnam joins countries including Canada, Japan, Mexico and Singapore that in recent years signed trade accords with the EU.
Trump Push on Housing Finance Nudges Up Mortgage Costs
Investor anxiety about a Trump administration push to overhaul housing finance is showing up in prices in the market for mortgage-backed securities.
EU-Swiss Dispute Threatens Stocks
Switzerland and the EU are at loggerheads over an overhaul of the complex ties that have guided the relationship for decades. The ability of some investors to trade blue-chip Swiss companies could be affected by the spat.
Is There a Big Short in Bitcoin?
Hedge funds and other big traders are betting that bitcoin will fall, even as the digital currency has risen above $10,000 on a new wave of crypto-optimism.
Consumer Confidence Slid in June on Trade Tensions
U.S. optimism about the economy deteriorated in June to its lowest level in 21 months as consumers fretted over escalating trade tensions and a cooling jobs market, according to a monthly barometer of Americans' mood.