Trump defies market tumult and pushes ahead with trade war
Investors take fright with new tariffs on the EU, China and other major trading partners coming into force on Wednesday
Economic news
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Trump’s justice department to scale back enforcement of crypto cases
US law enforcement will no longer target crypto exchanges or other entities ‘for the acts of their end users’
US stocks resume sell-off as traders fret over tariffs
Treasuries also slide after weak auction for three-year US government debt
Government considers nationalising British Steel
There are fears among ministers that the company’s blast furnaces could run out of raw materials within days.
Quant hedge fund Renaissance suffers steep losses in tariff tumult
Computer-driven asset manager’s institutional equity strategy down 8% in April
The Treasury basis trade rears its head again
Bills and bonds and Treasury basis trades, oh my!