Donald Trump, Wall Street and tariff
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The Wall Street Journal slammed President Trump’s administration for delivering a “short-sighted attack” on Harvard University after banning the Ivy League institution from enrolling international students this week.
Wall Street, however, has calmed down. And it was not so panicked in the first place. During the recent turbulence, the VIX, a fear gauge, hit only its 24th-highest monthly level in the past 35 years. The index measures expected volatility for American stocks, based on the price investors pay for insurance.
U.S. stocks closed a choppy session little changed on Thursday, erasing initial declines as Treasury yields eased off recent highs after the House of Representatives passed U.S. President Donald Trump's tax and spending bill.
Newly sworn-in Social Security chief Frank Bisignano, who previously was a Wall Street executive, told staffers he had to Google the SSA job when it was offered to him.
As this special report shows, financial innovation has transformed Wall Street. As in eras past, surging asset values have concealed cracks in the new financial order. Whatever dangers are lurking, Mr Trump’s presidency will make them more dangerous still. ■
Wall Street's main indexes were on track for a lower open on Thursday after the U.S. House of Representatives passed President Donald Trump's tax bill, which is expected to burden the country with trillions in debt,
President Trump’s associates and crypto entrepreneurs are rushing back to the market for the once-hot, but mostly troubled, investment vehicles called special purpose acquisition companies.
President Donald Trump brought back up the idea of American-made iPhones on Friday when he threatened a 25% tariff on Apple.