President Donald Trump might be planning to make Jerome Powell his scapegoat, but blaming the Fed chair could backfire badly, analysts and economists said.
Trump steps down from threat to fire Fed's Powell, market jumps
WASHINGTON (Reuters) -President Donald Trump on Tuesday appeared to take threats to fire Federal Reserve Chair Jerome Powell off the table after days of intensifying criticisms of the central bank chief over not cutting interest rates. "I have no intention of firing him," Trump told reporters in the Oval Office on Tuesday. "I would like to see him be a little more active in terms of his idea to lower interest rates," he added.
Economic Uncertainty Remains Key Factor In Auto Industry Outlook, Says BofA
Bank of America analysts reported Tuesday that while investors may see positive results from the auto industry this quarter, the future remains uncertain because of tariff policies. As a result, companies could suspend or pull guidance.
CEOs Haven't Been This Gloomy About the US Economy Since the Financial Crisis
(Bloomberg) -- Not since the financial crisis has Corporate America been so downbeat about the state of the economy in earnings calls, an ominous sign for investors trying to figure out how much more pain Donald Trump’s trade war will inflict on the stock market.Most Read from BloombergTrump Gives New York ‘One Last Chance’ to End Congestion FeeDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusThe Racial Wealth Gap Is Not Just About MoneyThe ratio of positive to negative commen
S&P 500 Gains and Losses Today: Equifax Stock Jumps as Earnings Show Resilience
The S&P 500 advanced 2.5% on Tuesday, April 22, as investors monitored the latest trade negotiations and corporate earnings news.
Bitcoin Tops $93K as Trump's U.S-China Tariff Optimism Fuels Crypto Rally
Altcoins led by ETH, DOGE, SUI followed BTC higher as Treasury Secretary Bessent's comments on U.S.-China trade boosted risk appetite.
Trading Day: Stocks rebound, no new Powell-bashing or trade tirades from Trump
Making sense of the forces driving global markets Jamie is away today so I'll provide a round-up of today's main market moves below. I'd love to hear from you, so please reach out to me with comments at alden.bentley@thomsonreuters.com. If you have more time to read today, here are a few articles I recommend to help you make sense of what happened in markets.
Packaging Corporation of America (NYSE:PKG) Surprises With Q1 Sales But Stock Drops
Packaging Corporation of America (NYSE:PKG) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 8.2% year on year to $2.14 billion. Its GAAP profit of $2.26 per share was 2% above analysts’ consensus estimates.
Intuitive Surgical (NASDAQ:ISRG) Surprises With Strong Q1 But Stock Drops
Medical technology company Intuitive Surgical (NASDAQ:ISRG) reported Q1 CY2025 results beating Wall Street’s revenue expectations, with sales up 19.2% year on year to $2.25 billion. Its non-GAAP profit of $1.81 per share was 4.4% above analysts’ consensus estimates.
Wall Street ends higher on earnings, hopes of easing tariff tensions
(Reuters) -U.S. stocks rebounded on Tuesday as a spate of quarterly earnings reports and hints at the de-escalation of U.S.-China trade tensions brought buyers in from the sidelines. U.S. stocks jumped further in extended trade after President Donald Trump said he has no plans to fire Federal Reserve Chair Jerome Powell, stepping back from his recent rhetoric against the central bank chief. In a sign that traders expect Wall Street to rally on Wednesday, S&P 500 futures jumped almost 2% following Trump's comments, while and Amazon.com and Nvidia were last up 3% each and Apple climbed 2% in after-hours trading.