Latest News View More Trump's tariffs spur economic uncertainty, impact on inflation less clear, ECB's de Guindos says Trade tariffs announced by U.S. President Donald Trump could trigger economic uncertainty but the impact on inflation is less clear, European Central Bank Vice President Luis de Guindos said on Monday. Trump's plan for 25% tariffs on all steel and aluminium imports into the United States, on top of existing metals duties, represents another major trade escalation. "Today we woke up to the issue of steel and aluminium," de Guindos told Spanish broadcaster TVE. Reuters • 18 minutes ago Bitcoin Hoarder’s Stock Soars 4,800% in Japan on Crypto Rally US Futures Rise as Steel Stocks Get Tariff Boost: Markets Wrap India LNG Buyers Negotiate US Deals Before Modi-Trump Summit GenAI to boost India's IT industry's productivity by up to 45%, EY India survey shows Mizuho Is Said to Near Deal to Buy KKR-Backed Avendus Capital Euronext Mulls Moving All ETFs On Its Exchanges to Single Venue Stock Market News View More Pump.fun Co-Founder Alon Cohen Says Most Altcoins Are Similar to Meme Coins, Cites Market Volatility Alon Cohen, co-founder of Pump.fun, recently commented on the state of altcoins, suggesting that many tech-based altcoins serve the same purpose as meme coins. CoinMarketCap • 2 hours ago China Takes Big Step in Letting Market Decide Clean Power Prices Stock market today: Global shares trade mixed on continuing Trump tariff worries Palantir Stock Surged To A New Record Last Week—Watch These Key Price Levels Markets react to Trump's tariffs on steel and aluminium imports Bond Market Gains Fade as Trump, Inflation Keep Yields High Dollar firms on tariff threats, stocks shrug and post gains Earnings View More Vertex Pharmaceuticals (VRTX) Q4 Earnings Report Preview: What To Look For Biotech company Vertex Pharmaceuticals (NASDAQ:VRTX) will be reporting results tomorrow afternoon. Here’s what to look for. StockStory • 20 hours ago VRTX ABBV Watts Water Technologies (WTS) To Report Earnings Tomorrow: Here Is What To Expect Edgewell Personal Care Earnings: What To Look For From EPC McDonald's Earnings: What To Look For From MCD Amkor (AMKR) Reports Earnings Tomorrow: What To Expect Medpace (MEDP) To Report Earnings Tomorrow: Here Is What To Expect Monday.com (MNDY) Reports Q4: Everything You Need To Know Ahead Of Earnings Utilities have had a great run. It's not over yet, strategist says. One sector that has seen a boost from the AI trade is utilities. Power-hungry data centers are fueling optimism (and stock prices) for what was once considered a fairly quiet sector. However, according to Kineo Capital managing partner Jim Strugger, utilities have more than just AI going for them. "It's always been about the long end of the yield curve. Yields are lower and utilities are more attractive. We think that game's over, and we think the transition now is appreciating not just utilities, independent power producers, a lot of power energy-related companies. It's going to be more about scarcity going forward than necessarily about staring at the 10-year and judging whether or not you want to be in utilities." One stock Strugger likes is Vertiv (VRT). In the video above, he explains why and how to play the stock using options. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Stephanie Mikulich. 02:01 Why value stocks may be gaining momentum in 2025 10:15 A trade war with the US is 'a loser's game,' Wilbur Ross explains 02:20 Rate hikes are still 'on the table' in 2025. Here's why. 04:47 3 big money mistakes college students make & tips to avoid them From the Yahoo Finance Newsroom View More What economic leaders said about the future of AI in the workforce at Davos Conservative activist Robby Starbuck says JPMorgan a 'target' in crusade against corporate DEI policies Donald Trump’s DJT wants to get into the bitcoin ETF business What Big Tech execs have said about DeepSeek as US contemplates ban Trump tariffs rip right through C-suites and financial models Investors await new inflation data amid tariff concerns: What to know this week TikTok influencer: My video went viral online. Instagram paid me just $140. Authors say skip the guilt, spend on what you love Premium News View More US endowments join crypto rush by building bitcoin portfolios Musk Says He’s Not Interested in Buying TikTok U.S. The AI Scene Awaiting JD Vance Amazon’s Server Signal General Catalyst, MGX to Invest in Anthropic’s $2 Billion Fundraise Equities Retreat After Jobs Report, Consumer Sentiment Survey; Amazon Falls Oil Rig Count Rises; Crude Prices Headed for Third Straight Weekly Drop Uber Stock Jumps After Investor Bill Ackman Discloses Stake Housing View More 25 Best Cities To Move to With Cheap Housing and a Strong Job Market Mortgage and refinance rates today, February 9, 2025: Rates have been stable this week 20 Housing Markets Where Homes Will Skyrocket in Value Before the End of 2025 11 US cities where home prices are falling the most Mortgage and refinance rates today, February 8, 2025: Rates tick up after jobs report BofA to buy $9 billion residential mortgage loan from Canada's TD, source says Bank of America to Buy $9 Billion Jumbo Mortgage Portfolio From TD A jump in delinquencies in a corner of the mortgage market suggests first-time homebuyers may be struggling Personal Finance Money market account rates today, February 9, 2025 (best account provides 4.75% APY) Yahoo Personal Finance • 22 hours ago Savings interest rates today, February 9, 2025 (best accounts offering 4.76% APY) Trump wants to put tariffs on prescription drugs. Experts warn it could backfire. Tech India's GAIL revives plan to buy US LNG as Trump ends ban on export permits Reuters • 1 hour ago GAIL.NS BP shares hit highest since August after Elliott's stake build Nvidia AI Server-Maker Hon Hai Signals Stronger Revenue Outlook Crypto Bill Barhydt Predicts $700K Bitcoin and $16K Ethereum in 2025, While Arthur Hayes Foresees Market Drop to $70K CoinMarketCap • 2 hours ago Bitcoin Faces $1.3B Liquidation Risk If Price Slides Below $93K Support Amid Trade War Worries Crypto VC Felix Hartmann Says Negative Funding Rates and Bearish Sentiment May Signal Market Bottom More News Trump-Driven Volatility Sends Asian Funds Searching for Shelter (Bloomberg) -- Donald Trump’s punishing tariff salvos and frequent flip-flops are laying down a challenge to Asian fund managers: how to avoid any potential wipe-outs in a headline-driven market. Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperHow London’s Taxi Drivers Navigate the City W Markets react to Trump's tariffs on steel and aluminium imports SINGAPORE (Reuters) -U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties. The dollar rose and U.S. Treasury yields ticked higher. "Investors and short-term traders are now in flux in terms of playbook positioning as the global economy has not faced a stagflation environment in the last 15 years since the Great Financial Crisis of 2009." Is Nvidia Still a Millionaire-Maker Stock? Historically, few companies have demonstrated more millionaire-maker potential than Nvidia (NASDAQ: NVDA). And so far, there is little evidence that the emergence of low-cost Chinese rival DeepSeek (which claims to have trained an industry-leading LLM on "primitive" H800 chips) is hurting demand for Nvidia's newest chips. What economic leaders said about the future of AI in the workforce at Davos Economic leaders had a lot to say about the future of artificial intelligence in the workforce — and the perspectives vary. Laopu Gold's jewellery is selling like hot cakes despite tepid consumer spending in China Laopu Gold, a Beijing-based jeweller known for its handmade accessories, has emerged as a favourite among affluent consumers, as global luxury brands like Louis Vuitton and Gucci grapple with tepid consumer spending in China and sluggish sales across the region. With just 36 stores in Greater China, the Hong Kong-listed company sold 3.5 billion yuan (US$482.7 million) worth of pure gold and gem-set jewellery in the first half of 2024, up 148 per cent from a year earlier, according to its interim UBS likes US stocks and bonds as Trump's pro-business policies float all boats UBS Asset Management is bullish on US equity and bond markets this year, saying President Donald Trump's pro-business and deregulation policies would lift corporate earnings and support the world's biggest economy. "With Trump in office, I expect more noise and volatility with a wider range of outcomes," Nicole Goldberger, the firm's head of global portfolio management, said in an interview in Hong Kong late last month. "But it is important not to lose sight of the bigger picture. All of these p Gold Futures Hit Fresh Record on Safe-Haven Demand PRECIOUS METALS 0906 GMT – Gold futures rise to a new record on fresh safe-haven demand. Futures are up 1.3% at $2,926.0 a troy ounce, having reached $2,927.0 earlier in the session. The precious metal is already up more than 10% year-to-date, hitting consecutive records along the way, ING analysts say in a note. The list of major companies laying off staff in the new year, including Boeing, Meta, Microsoft, and BP Companies have continued to cut jobs in 2025 after a wave of layoffs last year. Meta, Microsoft, BlackRock, and Boeing are among those shedding staff. BP Stock Rises After Elliott Takes Stake in British Oil Major Shares in BP (UK:BP, BP) rose, following news the activist hedge-fund firm Elliott Management had built a stake in the U.K. oil company and plans to push for transformational changes. BP recently stood about 7% higher in London. Stock Futures Rise as Market Shrugs Off Steel, Aluminum Tariff Threat U.S. stock futures were rising at the start of another week where tariff threats and economic data releases are likely to drive much of the market action. Speaking with reporters on board Air Force One while traveling to the Super Bowl in New Orleans, President Donald Trump promised to impose 25% levies on all steel and aluminum imports into the U.S. Deutsche Bank analyst Jim Reid noted that while “tariff news will clearly continue to dominate the agenda all week,” the latest round of restrictions are likely to mainly affect Canada, Mexico, and Latin America, where most U.S. imports of the goods come from.
