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[hfe_template id='11223'] [ad_1] The world’s top 10 richest billionaires saw their combined net worth rise by $135 billion on Wednesday, according to the Bloomberg Billionaires Index, after US President Donald Trump announced a 90-day pause on his proposed tariff hikes for most countries. “I have authorized a 90-day PAUSE,” Trump said, acknowledging over 75 countries that are currently negotiating trade terms and have not retaliated against his recent tariff escalations. Treasury Secretary Scott Bessent later clarified that while the US would pause its ‘reciprocal’ tariffs on key trading partners, a 10% blanket duty on nearly all imports would remain in effect. Existing tariffs on autos, steel, and aluminium also continue unchanged. However, Trump said he would raise duties on Chinese imports to 125% from the 104% level imposed earlier this week. The move sent Wall Street's "Magnificent Seven" stocks surging again and tacking on more than $1.5 trillion in m...

[hfe_template id='11223'] [ad_1] The Federal Reserve's first meeting of 2025 in the coming week stands to test the resurgence in U.S. stocks as investors gauge the extent of more equity-friendly interest rate cuts in the months ahead. Stocks swooned after the Fed's last meeting in December, when the central bank downgraded its forecast for rate cuts as it braced for firmer inflation this year. Since then, monthly data that showed underlying inflation moderated set off relief on Wall Street, helping drive a rebound in stocks with the benchmark S&P 500 hitting a record high this week. The Fed is broadly expected to pause its easing cycle when it gives its monetary policy statement on Wednesday, with investors instead focused on "what would need to happen for them to start talking about resuming the rate cuts," said Angelo Kourkafas, senior investment strategist at Edward Jones. Given recent data indicating strong economic activity, Kourkafas said, ...

[hfe_template id='11223'] [ad_1] The Nasdaq scored a record closing high and the S&P 500 rose on Tuesday, while the Dow fell as investors digested a host of corporate earnings and awaited Google-parent Alphabet's results that came after the market close. Alphabet, one of the so-called "Magnificent Seven" megacap technology stocks, reported quarterly revenue that beat estimates. This is the busiest week for S&P 500 earnings in the quarter, with eyes on five of the "Magnificent Seven" companies that are reporting results. The group's results will be crucial to determining whether Wall Street can sustain the optimism around technology and artificial intelligence that has lifted indexes to record highs this year. "I think one of the things the market is digesting is the idea of some degree of convergence in earnings growth between the high fliers - the Magnificent Seven that are obviously very high in terms of market weighting - ve...