Investing.com -- Federal Reserve Bank of Atlanta President Raphael Bostic stated Monday that the economy has not yet experienced the complete effect of President Donald Trump’s trade tariffs. "I think there is actually more pricing to come, and it is more a question of time, of when and not if," Bostic said during an event hosted by Market News International. Bostic observed that companies are c ...
By Sruthi Shankar and Nikhil Sharma (Reuters) -The S&P 500 and Nasdaq edged up to fresh record highs on Monday, as optimism over the U.S. striking trade deals with its key partners fed into a rally that put the main indexes on track for quarterly gains. The Nasdaq, S&P 500 and Dow Jones have gained 17.5%, 10.3% and 3.4% so far in the quarter, touching and then retreating from record levels ...
By Sukriti Gupta and Twesha Dikshit (Reuters) - Canada’s main stock index edged higher on Monday, on track to log its second consecutive monthly gain, while investors assessed the revival of trade talks between Washington and Ottawa. The S&P/TSX composite index was up 0.2% at 26733.42 points, set to log its fourth straight quarter in green. President Donald Trump had called off the trade ta ...
By Manya Saini (Reuters) -Wall Street’s biggest banks rose in morning trading on Monday after sailing through the U.S. Federal Reserve’s annual health check, setting the stage for billions in stock buybacks and dividends. The central bank said on Friday that 22 of the largest U.S. banks were well-positioned to withstand a future economic downturn and continue lending, with its stress test show ...