The recent intensification of tariffs on imports from China, now soaring to a staggering 145%, is poised to transform the U.S.-China trade relationship into something akin to a battleground rather than a bridge. As economist Erica York suggests, tariffs at this magnitude threaten to choke off trade entirely. When tariffs reach triple-digit levels, it psychologically
In an unexpected turn, President Trump’s decision to impose a 90-day hiatus on his typical retaliatory tariff strategy sent shockwaves through the municipal bond market. The initial fallout was mixed; we witnessed AAA yields plunge by 30 to 50 basis points on Thursday, only to recover some footing following a tumultuous week of trading. What
Tesla, once the darling of the stock market, is facing a harsh spotlight as Wall Street analysts from reputable firms like Goldman Sachs, UBS, and Mizuho begin to voice their grave concerns. With their latest downgrades in price targets, skepticism is spreading like wildfire among investors. UBS slashed its target by a staggering 30%, now
In 2025, an unsettling revelation emerged: the top 25 state and local pension funds witnessed a staggering depreciation in the value of their public equities investments totaling nearly $250 billion. The implications of this financial catastrophe can’t be overstated. This isn’t merely a matter of numbers; these losses ripple through state and local economies, affecting
Markets are often perceived as governed by rational analysis and well-calculated moves. However, the recent stock market events have illuminated how significantly rhetoric—even from high-profile figures—can sway investor decisions. The latest instance involves former President Donald Trump’s outspoken and impulsive tweet urging people to buy stocks, which led to a remarkable surge in the market
This week, mortgage rates are skyrocketing, signifying a troubling trend that signals deeper issues within the economy. The steady rise in rates is primarily attributed to a flurry of investors divesting from U.S. Treasury bonds at an alarming pace. Such movements could lead one to believe that we are witnessing the beginning of a broader
In a bold and ambitious move, Indianapolis has opted to finance a significant $125 million bond sale aimed at improving public transit through the establishment of a new rapid bus route. Yet, beneath the surface of this well-intentioned initiative lies an intricate web of financial uncertainties and market conditions that ought to raise concerns among
In today’s turbulent economic climate, the aviation industry stands as one of the most visible indicators of consumer sentiment and corporate confidence. Delta Air Lines, a leader among U.S. carriers, has recently found itself navigating choppy waters courtesy of unforeseen trade policy changes under the Trump administration. CEO Ed Bastian has not minced words, labeling
In an unsettling turn of events, mortgage rates reached 6.85%, marking an alarming resurgence after a brief respite. Those hoping for a sustained drop in the average rate on a 30-year fixed mortgage were met with disappointment as they saw a sharp increase of 22 basis points on Monday, followed by an additional 3 basis
In a dramatic turn of events, Walgreens is poised to go private in a deal valued at around $10 billion facilitated by Sycamore Partners. This marks the end of an era for the well-established retail drugstore that has been publicly traded since 1927. While the acquisition could allow Walgreens to restructure away from the prying