S&P 500 climbs 2.5% after Trump soothes Fed independence worries
Wall Street extends rally after president says he has no plans to fire Jay Powell
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IMF forecasts U.S. fiscal deficit will dip in 2025 thanks to higher tariff revenue
The 191-nation fund credited higher tariff revenue for a somewhat smaller deficit projection.
Richard Branson accuses Trump of ‘doing so much damage’ to the world
Virgin Atlantic founder says ‘erratic’ decisions from US president have been ‘awful for everyone’
Sir Richard Branson has attacked Donald Trump’s policies as “doing so much damage” to the world, adding that he did not believe the US president’s actions were backed by most Americans.
The Virgin Atlantic founder warned that the “erratic and unpredictable” actions of the White House were undermining business, although he singled out Trump’s policy on Ukraine as the one that “should worry the world the most”.
New York’s warning to asset managers highlights risks of green retreat
City’s pension funds are prepared to drop managers that do not have net zero goals
Global stocks gain after Trump soothes Fed independence worries
Wall Street set to extend rally after president says he has no plans to fire Jay Powell
Pressure builds on UK finances as Reeves pushes for US trade deal
The government borrowed more than expected last year, placing more pressure on the public finances ahead of the full impact of US tariffs.