Stocks slumped on Wall Street Tuesday after President Trump threatened to hit eight European countries with new tariffs as tensions escalate over his attempts to assert American control over Greenland.
US bank stocks fall as investors await credit card rate cap deadline ReutersTrump's 10% credit card cap deadline is here. Will card companies comply? CBS NewsTrump's affordability pledge strikes directly at the heart of Wall Street's profit engine CNNTrump called for a 10% cap on card rates by Jan. 20. What happened? USA Today
President Donald Trump's attempt to browbeat Denmark into parting with Greenland has revived worries that foreign investors could start dumping U.S. assets — particularly bonds — in retaliation.
The "Sell America" trade made a comeback on Tuesday following President Donald Trump's latest tariff threats against European allies, giving investors a taste of the volatility that rocked global markets in April.
Improved forecasts for global growth, a decent IP print and the rearmament in Europe are all encouraging hedge funds to overweight the industrial sector.
Investors withdrew record amounts of money from bond and equity funds in March while money market funds showed record inflows, as the prospect of a massive economic downturn due to coronavirus...
