President Donald Trump’s surprise decision to impose a 90-day halt on reciprocal tariffs against foreign trading partners, excluding China, was hailed by billionaire hedge fund investor Bill Ackman on Wednesday.
Read More Hedge Fund Manager Bill Ackman: Trump’s 90-Day Tariff Pause Was ‘Brilliantly Executed’
U.S. stocks jumped significantly on Wednesday after President Donald Trump announced a 90-day delay in tariffs for countries that hadn’t imposed reciprocal tariffs.
Read More Wall Street Posts Biggest Single-Day Gain Since 2008 Following Trump’s Surprise Tariff Reversal
Trump advisor Elon Musk advocated for free trade between the United States and Europe in hopes that both sides can eliminate the need for tariffs while growing economic ties.
Read More Musk Advocates For ‘Zero Tariff Situation’ Between Europe And US
Nasdaq said it would open a regional headquarters in Texas, deepening its presence in a state that is fast emerging as a major financial hub rivaling New York.
Read More Nasdaq to open Texas headquarters as companies relocate to state
U.S. inflation cooled more than expected in February, with price growth remaining well above the Federal Reserve’s goal ahead of the central bank’s policy meeting next week.
Read More U.S. Inflation Cools To 2.8% In February, Beating Expectations
The tech-heavy Nasdaq led a selloff among Wall Street’s main indexes, falling over 3% to a near six-month low, on fears that a tariff war could spark an economic slowdown.
Read More Nasdaq falls over 3% to six-month low on growth concerns