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The Latest Breaking News from Jerome Powell

Trump tariffs: President vents at China over Boeing as Beijing denies claims of trade deal talks

Beijing called claims of trade talks ‘groundless as trying to catch the wind’ and having ‘no factual basis’ as Trump insisted they were happening

The Independent UK

Americans Wary Of Trump's Economic About-faces

President Donald Trump's various U-turns are leaving Americans disillusioned -- especially after he was elected on vows of guaranteeing economic prosperity.

International Business Times

Wall Street rally falters as Trump sends mixed tariff signals

The rebound in the US stock markets ran out of steam after a two-day rally as the Trump administration sent mixed messages regarding its tariff plans on other countries, particularly China.

Euronews

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Trumpworld talks out of both sides of its mouth on tariffs and trade

Analysis: Trump’s tariffs might upset the tummy of Wall Street. But its the inconsistency that will give investors heartburn

The Independent UK

Here’s what stopped Trump in his quest to oust Fed chair Jerome Powell

The Trump administration has also signaled its trade war with China may be letting up soon

The Independent UK

Trump Seeks 'Fair Deal' With China But Pathway Unclear

US President Donald Trump on Wednesday played up prospects of a "fair deal" on trade with China, but his top officials offered few details of how Washington might de-escalate its damaging tariff war with Beijing.

International Business Times

Trump Reportedly Considering Tariff Exemptions For Some US Automakers In Latest Reversal To Rattle Markets

It's already experienced a wild week on Wall Street -- and it's only Wednesday. And the markets could be in for another ride Thursday amid reports of another reversal by President Donald Trump.

International Business Times

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Stock Market Today: Trump Retreats, Markets Rejoice

Stocks rally, yields soften, the dollar rises, and even beaten-down names enjoy the wages of potential trade peace.

Kiplinger

Americans losing faith in ‘erratic’ Trump on tariff-hit economy as poll finds three quarters fear recession

But he is still more popular than Joe Biden, according to Ipsos survey

Evening Standard

FTSE 100 jumps amid global stock rally after Trump rows back on tariff threats

The US president said that sky-high trade tariffs on China will ‘come down substantially but it won’t be zero’, prompting stock markets to surge.

Evening Standard

Stock markets rise as Trump backtracks on high China tariffs and firing Fed chair

Weeks of tough talk from the US president, who now says he will be ‘very nice’ to China, had rattled investors

The Guardian - US

Trump’s an unstable bully – but it’s hard to defend the economic orthodoxies he is attacking

With Rachel Reeves in the US, some clarity is needed: the global economy has been mismanaged and the Federal Reserve does deserve criticism, says Guardian columnist Larry Elliott

The Guardian - UK

Richard Branson says Trump’s tariffs messed up a promising economy: ‘Everything was going so bloody well up to about three months ago’

The billionaire entrepreneur sees Trump’s hard-line trade policies as reflecting the views of a “fairly small elite [group] of people around” him.

Fortune

Superstore CEOs Urged Trump to Back Off Tariffs or 'Shelves Would Be Empty' Before Revealing Possibility of China Trade Talks: Report

Facing pressure from retail CEOs and spooked markets, President Donald Trump toned down his tariff threats and signaled potential trade talks with China.

Latin Times

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The Independent UK

The Latest: Treasury secretary says trade war with China is not ‘sustainable’

U.S. markets opened with big gains Wednesday amid clear signs of relief after President Donald Trump said he would not attempt to fire the head of the Federal Reserve and Treasury Secretary Scott Bessent said he expects a “de-escalation” from unsustainable tariffs against China in the trade war between the…

International Business Times UK

NovaGold Stock Soars 40% After Billionaire Paulson Makes a Bold Bet on Gold – Should You Follow?

NovaGold Resources shares soared after billionaire investor John Paulson's firm entered a deal with the company to buy a stake in Alaska's Donlin gold mine project.

Latin Times

China Says 'Door Open' To Trade Talks After Trump Signals Tariffs Will Fall

Bringing further relief to global markets spooked by his aggressive trade policies, Trump also said on Tuesday he had no intention of firing US Federal Reserve Chair Jerome Powell.

Fortune

Fed Chair Powell might have quietly won Trump’s one-sided war with the central bank after the president says he has ‘no intention’ of firing him

Powell might have escaped Trump's one-sided battle with the Fed unscathed.

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news in one place.

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Fortune

Global markets rally after Trump walks back Powell attacks and Bessent looks for China 'de-escalation'

Investor optimism built off Bessent's remarks went into overdrive after President Donald Trump told reporters in the Oval Office that he had "no intention" of firing Fed Chair Jerome Powell.

Barchart

Stocks Set to Extend Rally on Fed Reprieve and Trade Optimism, U.S. PMI Data and Earnings in Focus

June S&P 500 E-Mini futures (ESM25) are up +2.01%, and June Nasdaq 100 E-Mini futures (NQM25) are up +2.51% this morning, extending yesterday’s rally as sentiment got a boost after the Trump administration’s move to alleviate some of the tensions unsettling investors.

Euronews

Donald Trump says he has 'no intention of firing' Fed chair Jerome Powell

The US President confirmed that he has no plans to fire the Chairman of the Federal Reserve Jerome Powell. It follows his previous statement about wishing to terminate Powell's mandate, which caused market turmoil.

Euronews

Markets rebound as Trump signals cutting China tariffs 'substantially'

Global stock markets experienced a relief rally after US Treasury Secretary Scott Bessent indicated that high tariffs were not sustainable, raising hopes for a de-escalation in the US–China trade war. President Trump confirmed the stance and signalled that tariffs on China would be cut.

The Independent UK

Rupert Murdoch’s newspaper again flames Donald Trump for historic economic bungle

Then he tried to make it worse with threats to fire Federal Reserve chairman, which sent the market spiraling

International Business Times

Bitcoin Skyrockets To $93K, Targets $100K Amid Expected Trump Trade War Cool-Off

Bitcoin is on its way to $100,000, resuming the cryptocurrency's uptrend movement amid rising hopes for Trump's global trade war to ease up in the coming days.

International Business Times

Asian Markets Rally As Trump Comments Ease Fed, China Trade Fears

Asian stocks rallied with Wall Street on Wednesday after Donald Trump said he had "no intention" of firing the head of the Federal Reserve and that eye-watering tariffs on China would be slashed drastically.

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