As Trump hikes tariffs again, nervous businesses weigh what comes next
Business owners say the rapid change in US trade policy, including major tariffs on China, has left operations in flux.
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Elliott’s activist bet on BP goes from slick to slippery
Oil major’s turnaround depends to some extent on the world remaining relatively predictable
Bank of England poised to cut rates as fears grow over impact of Trump tariffs
Markets suggest quarter-point reduction to 4.25% is almost certain but some economists say Bank must go further
The Bank of England is poised to cut interest rates on Thursday amid growing concerns over the hit to UK jobs and growth from Donald Trump’s increasingly erratic global trade war.
In the Bank’s first intervention since the US president’s “liberation day” tariff policy announcement sent shock waves through the world economy, Threadneedle Street is expected to reduce its key base rate from the current level of 4.5%.
Trump exempts smartphones and computers from new tariffs
The move comes after concerns that tech prices could skyrocket, as many gadgets are made in China.
CEOs think the U.S. is ‘probably in a recession right now,’ says BlackRock’s Larry Fink
The asset management executive also said that the he thinks the tariffs of President Donald Trump could put upward pressure on inflation.
Jane Street trading revenues nearly doubled in 2024 to more than $20bn
Secretive US firm continued to make inroads into business once dominated by Wall Street heavyweights