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  • Apr 09, 2025

Why the bond market matters for your finances and the economy

A selloff hit U.S. Treasury bonds overnight, sending bond yields soaring and triggering concern about assets that typically serve as a safe-haven investment during moments of instability for stocks. Bond yields came down from the day's highs by Wednesday afternoon, as President Donald Trump announced a 90-day pause in the higher tariffs for most countries he announced last week -- while maintaining a 10% baseline tariff across the board. The bond selloff carries direct implications for everyday people, since rising yields drive up interest rates for the loans on which many consumers rely, experts told ABC News.

  • Apr 09, 2025

Bitcoin Surges After Trump Pauses Higher Duties on Most Nations

(Bloomberg) -- Bitcoin surged and most smaller cryptocurrencies gained even more after President Donald Trump surprised markets by saying he would pause so-called reciprocal tariffs on dozens of non-retaliating countries. The largest digital asset jumped as much as 7.7% to $82,967 after beginning Wednesday in the red, while XRP and Solana each increased more than 11%. Ether, the second-biggest token, also turned higher after Trump noted the change on his social media platform.The about-face by T

  • Apr 09, 2025

Wall Street bosses fear anti-American backlash as Trump's trade war intensifies

Wall Street bosses are girding for Europe to sideline American investment banks in response to the tariff war unleashed by U.S. President Donald Trump, fearing client boycotts and in a worst-case scenario, even formal restrictions. More than half a dozen senior bankers and advisers told Reuters they are bracing for European Union governments and companies to do more business with home lenders, which could quickly dent their market share. Two bank industry groups have discussed how Europe could act to restrict U.S. banks' activities in the region, two people said, and at least two major banks have also held internal talks on the matter, according to two senior executives.

  • Apr 09, 2025

Venezuela's oil flows again, after a week of panic

In March, the U.S. Treasury Department gave U.S. oil producer Chevron and other foreign partners and customers of PDVSA until May 27 to wind-down operations and cease oil exports from Venezuela. Days later, Washington imposed tariffs on buyers of Venezuela's oil and gas.

  • Apr 09, 2025

Dimmed real estate stocks seize on tariff pause

(Getty)President Donald Trump’s tariffs sent real estate stock prices on a rollercoaster. They tumbled last week amid concerns from all corners of the industry over sky-high pricing and added costs. Days later, a fake headline posted to social media platform X claiming a pause on tariffs sent stocks briefly soaring, only to tumble back down after the news was debunked. […]This article originally appeared on The Real Deal. Click here to read the full story.

  • Apr 09, 2025

Fed officials signal no plans to ride to the rescue with rate cuts

(Reuters) -Federal Reserve policymakers worry U.S. President Donald Trump's trade policy could deal a blow to economic growth, but are signaling they will not be quick to ride to the rescue with interest rate cuts because they expect higher tariffs to boost inflation. The minutes of the U.S. central bank's mid-March meeting, released on Wednesday, showed that Fed officials already felt they were operating in a thickening cloud of uncertainty that had the potential to slow consumer spending and business investment and also called for a cautious approach on rate-setting. That was before Trump's April 2 announcement of sweeping tariffs triggered a global stock market rout on fears of recession and a sharp rise in Treasury yields that raised alarm bells about potential financial market instability.

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