To The Moon

Musk to reduce DOGE involvement, focus more on TeslaExperts warn Tesla faces long road to brand recoveryTesla's Q1 profit drops 71%, misses estimatesTesla investors breathed a sigh of relief after CEO

US Treasury Secretary Scott Bessent told a closed-door investor summit Tuesday that the tariff standoff with China is unsustainable and that he expects the situation to de-escalate.Bessent added that negotiations haven’t started but that a deal is possible, according to people who attended his session at an event hosted by JPMorgan Chase & Co. in Washington, which wasn’t open to the public or media.The Treasury Department didn’t immediately respond to a request for comment.The US Treasury chief

By Nick Timiraos, Jack Pitcher and Chelsey Dulaney. Financial markets have flashed an ominous message this month about President Trump's ambitious and improvisational bid to reshape global trade: Be careful what you wish for.Volatility in Treasury markets and unexpected weakness in the dollar suggest that what began as a trade conflict could morph into a more dangerous "capital war." The clash threatens to raise U.S. borrowing costs by undermining Washington's long-standing financial primacy, which for years has drawn trillions of dollars of foreign funds into the country."This idea that you can break trade, and not break the capital flow side, is a fantasy," said Steven Blitz, chief U.S. economist at GlobalData TS Lombard.The dollar began the year looking potentially as overvalued as it had been since the 1980s, and Treasury yields remain in the middle of their trading range over the past two years, said Clarida, who is now a senior adviser at bond giant Pimco

Trade tensions between the U.S. and China are escalating rapidly. Wall Street could be the next battleground.During his first term, President Trump explored the idea of delisting Chinese stocks from U.S. exchanges, eventually signing an executive order that prohibited Americans from investing in some Chinese companies the U.S. said had aided China's military. In a recent interview, Treasury Secretary Scott Bessent declined to rule out a broader ban."I think everything's on the table," Bessent said on Fox Business, when asked if the government would go as far as barring all Chinese stocks from trading on U.S. exchanges. "That'll be President Trump's decision.". A broad delisting of Chinese companies could have serious consequences for financial markets in both countries. Here's what you need to know:. How do American investors typically invest in Chinese stocks?A bank or broker holds underlying stock in a company and issues ADRs that track the price of those shares. American investors c

Peter Thiel co-founded $Palantir Technologies Inc.(PLTR)$ has signed a $29.8 million contract with the U.S. Immigration and Customs Enforcement (ICE) agency to enhance its immigration enforcement tool

CEO of Singapore's DBS tells businesses to 'buckle up' for tariff uncertainty SINGAPORE, April 17 (Reuters) - The CEO of Singapore's biggest bank, DBS Group DBSM.SI, Tan Su Shan, said on Thursday that

OTTAWA, April 16 (Reuters) - The Bank of Canada on Wednesday held its key policy rate at 2.75%, its first pause after seven consecutive cuts, and said the uncertainty around U.S. tariffs made it impos

Hedge-fund founder worries about ‘profound’ changes in world’s monetary orderRay Dalio, founder of Bridgewater Associates, speaks onstage during the Wall Street Journal’s 2024 “The Future of Everythin

'What we are going through now is worse than when former President Nixon took us off the gold standard in August 1971,' strategist says. The mighty dollar, ordinarily a safe haven during times of market-based stress, is falling apart and its ongoing year-to-date slide is pointing to a much bigger problem for all U.S. assets."What we are going through now is worse than when former President Nixon took us off the gold standard in August 1971," said Marc Chandler, the New York-based chief market strategist for Bannockburn Global Forex. "The biggest damage right now is to the U.S. brand," he said, likening the harm done by tariff-driven volatility to the Coca-Cola Co.'s 1985 move toward "New Coke," a reformulated version of its famous drink, which led to consumer backlash.As of afternoon trading in New York, the ICE U.S. Dollar Index DXY, a measure of the U.S. currency against a basket of