What the Weak Dollar Means for the Global Economy
By Chelsey Dulaney and Alistair MacDonald April 16, 2025 The Wall Street Journal The unexpected weakening of the U.S. dollar is suddenly becoming the rest of the world’s problem. For foreign sellers of all manner of goods, including cars, cognac and Scottish tweed, the dollar’s steep slide is a double whammy, compounding losses caused by […]
CHINA INSIGHT: Is Xi Fighting Trump With Treasury Sales? No
Summary by Bloomberg AI China directly held $760 billion of US Treasuries as of January, around 9% of such debt held by foreigners. China’s demand for US Treasuries will diminish over time, but it is unlikely to rush to exit now. China has probably suffered mark-to-market losses on its Treasury holdings in the recent market […]
Big Banks Show Consumers Remained Resilient Heading Into Tariff Turmoil
Consumer sentiment has fallen since Trump’s ‘Liberation Day’ announcement Ben Glickman and Alexander Saeedy April 15, 2025 The Wall Street Journal Americans say they are getting worried about the economy and inflation, but banks say they aren’t acting like it yet. Bank of America and Citigroup said Tuesday consumer spending ticked higher in the first […]
Foxconn could make all US iPhones outside of China if needed, says company
‘We can help Apple respond to its needs in the US market’ By Jon Porter June 11 2019 Jon Porter is a reporter with five years of experience covering consumer tech releases, EU tech policy, online platforms, and mechanical keyboards. A senior Foxconn executive says that the company could move production of all iPhones destined […]
Trump Exempts Phones, Computers, Chips From ‘Reciprocal’ Tariffs
Summary by Bloomberg AI The Trump administration exempted smartphones, computers, and other electronics from reciprocal tariffs, potentially reducing sticker shock for consumers and benefiting electronics giants like Apple and Samsung. The exclusions apply to popular consumer electronics items not made in the US, such as smartphones, laptop computers, and computer processors, as well as machines […]
Nvidia to mass produce AI supercomputers in Texas as part of $500 billion U.S. push
Hayden Field April 14th 2025 CNBC • Nvidia announced a push to produce NVIDIA AI supercomputers entirely in the U.S. for the first time. • Its Blackwell AI chips have started production in Phoenix, Arizona, at Taiwan Semiconductor plants. • The news comes after President Donald Trump imposed high reciprocal tariffs on a long list […]
Morgan Stanley stands by Nvidia as a top pick even though tariff turmoil is not over
Pia Singh April 10 2025 CNBC Morgan Stanley is sticking by Nvidia during the stock’s rocky ride, saying demand for the company’s products should help the artificial intelligence darling outperform and push past tariff concerns. Analyst Joseph Moore reiterated Nvidia as a top semiconductor pick and kept his overweight rating and $162 price target. That […]
Fed Ready to Help Stabilize Market, Fed’s Collins Says: FT
By Jim Silver 04/11/2025 10:40:58 [BFW] (Bloomberg) — The Federal Reserve “would absolutely be prepared” to help stabilize financial markets if conditions become disorderly, Boston Fed President Susan Collins said in an interview with the Financial Times. • “Markets are continuing to function well” and “we’re not seeing liquidity concerns overall,” Collins told FT
House passes budget resolution, Congress moves toward tax bill draft
America’s Credit Unions April 11, 2025 The House passed its budget resolution 216-214 Thursday morning, following Senate passage last week. The budget resolution is a framework for the federal budget, setting spending and revenue targets, and House passage means Congress can now officially work on its budget reconciliation legislation. The House Ways and Means Committee […]
Bill Ackman Calls Out Triple-Levered ETFs, Zero-Day Options Boom
Summary by Bloomberg AI Bill Ackman criticized the use of highly-leveraged exchange-traded funds and zero-day stock contracts, questioning their contribution to society and the economy. Levered funds, which allow investors to magnify their exposure to an underlying asset or index, command around $100 billion and have been popular among day traders. Ackman warned that the […]