Author: Daniel snow

After helping to power the U.S. stock market’s historic recovery from April’s tariff-induced selloff, many of the momentum names popular with individual investors are showing signs of exhaustion. Source link

If you’re shopping for a new car, you might want to act now before tariffs push prices higher.That’s because sticker prices are still hovering near pre-tariff levels, in part because many models on dealer lots were built before the new rules took effect.”There’s a lot of uncertainty, but retail prices are holding pretty steady,” says Mark Schirmer, a spokesperson for Cox Automotive. In May, the average transaction price for a new vehicle was $48,799, virtually unchanged from April, according to Cox’s data.”We’re not quite seeing the full impact of the tariffs yet,” says Joseph Yoon, consumer insights analyst at Edmunds.…

Tensions between the U.S. and Iran have been rising, but the big moves in gold and oil prices can help gauge just how serious the situation has become — and hint at what’s next for global financial markets. Source link

The U.S. dollar index on Thursday hit its lowest level since late March 2022 — putting renewed spotlight on what has been one of the biggest stories in financial markets this year: the weakening greenback. As the world’s reserve currency, the U.S. dollar is held in large quantities by global central banks. Key commodities such as gold and oil are priced in dollars. Many foreign transactions, even when American parties aren’t involved, also are conducted in dollars. When something that important reaches multiyear lows, investors and consumers alike are forced to consider the implications of the move for U.S. markets…

President Donald Trump has set off a fresh round of worrying about his approach toward the Federal Reserve with his statement that his pick for the next Fed chair is “coming out very soon.” Source link

Baby car seat carriers for sale at a Walmart store in Secaucus, New Jersey, US, on Tuesday, March 5, 2024. Bloomberg | Bloomberg | Getty ImagesThe cost of some baby gear has risen in recent weeks due to President Donald Trump’s tariff policies, according to a new congressional report.The cost of five common items bought for babies has increased 24%, or by $98 combined, between April 1 — the day before Trump’s sweeping April 2 tariff announcement — and June 9, according to the analysis by the Joint Economic Committee’s minority arm.The analysis tracked the prices of five popular baby…

Don’t think of it as soft, think of it as connecting. Source link

Former Treasury Secretary Janet Yellen predicts President Donald Trump’s tariffs will cause prices to rise and average household income to fall, despite a slowing trend in the U.S. inflation rate.”I would expect inflation, on a year-over-year basis of this year, to shoot up to at least 3%, or slightly over, because of the tariffs,” Yellen said Thursday on CNBC’s “Money Movers.”The Biden-era Cabinet secretary made that prediction even as she noted that when it comes to Trump’s tariffs, “There remains a huge degree of uncertainty about exactly what is going to go into effect.”But “I definitely expect that we’re going…

JetZero’s plant is expected to employ some 14,500 people. The startup wants to commercialize its aircraft by 2032. Source link

Tesla’s shares are overvalued, priced on hopes for robotaxis, full self-driving and robots. Source link