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The Latest Breaking News from Jerome Powell

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

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read the most diverse news in one place.

Stock Market Today: Dow Jones Fades As Trump Backs Down On China, Fed Powell; Cathie Wood Scoops Up Nvidia Stock (Live Coverage)

President Trump said tariffs on China will "come down substantially," though they will not be reduced to zero.

Investors Business Daily

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

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…

The Independent UK

Trump's Retreat Vs. The Fed, China Is Fueling The S&P 500. The Hard Part Comes Next.

President Trump wants to slash tariffs on China and will let Fed chief Jerome Powell keep his job.

Investors Business Daily

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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.

International Business Times UK

Dow Jones Surges 1,000 Points On Trump Comments; Apple, Nvidia, Tesla Rally

The Dow Jones surged 1,000 points Wednesday on President Trump's tariff comments. Apple, Nvidia and Tesla rallied on the stock market today.

Investors Business Daily

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.

Latin Times

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.

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.

Fortune

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.

Barchart

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

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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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International Business Times

Trump Says Won't Fire Fed Chief, Signals China Tariffs Will Come Down

Donald Trump said Tuesday he had no intention of firing the chair of the US Federal Reserve and signalled a "substantial" lowering of tariffs on China -- moves that brought relief to global markets spooked by his aggressive policies.

Al Jazeera

Trump backs off threat to fire Fed Chair Powell, as stock market surges

Wall Street rallies after US Treasury Secretary says trade war with China ‘unsustainable’.

The Guardian - UK

Trump says China tariffs will drop ‘substantially – but it won’t be zero’

US president says tariffs on imported goods will come down from 145% rate but insists ‘we’re doing fine with China’

International Business Times

Trump Says Has 'No Intention' Of Firing Fed Chief

US President Donald Trump said Tuesday he had no plans to fire the Federal Reserve chief, in apparently conciliatory remarks after berating him and triggering market turmoil.

The Guardian - US

Trump says he has no plans to fire Fed chief Jerome Powell after calling him a ‘major loser’

President says tariffs on China could be lowered days after lashing out over bank’s reluctance to cut interest rates

Reason

Trump Rages at the Fed Over Interest Rates

According to the president, the U.S. economy will begin to slow down unless the Fed “lowers interest rates, NOW.”

The Independent UK

It’s official – Donald Trump is bad for the world economy

THE INDEPENDENT VIEW: Editorial: The IMF’s downgrade of global growth forecasts, a direct result of US tariffs, will only add to the pressure on chancellor Rachel Reeves to make the case during her visit to Washington for a fabled US-UK free trade agreement

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