WASHINGTON (AP) — President Donald Trump repeated his attacks Monday against the chair of the Federal Reserve, demanding that the central bank lower its key interest rate to boost the economy.
Trump called Powell “a major loser” and said that energy and grocery prices are “substantially lower” and “there is virtually No Inflation.” Yet Trump said the economy could slow without rate cuts.
The ASX 200 initially dropped about one per cent on Tuesday after markets tumbled in the US when Donald Trump lashed out at Federal Reserve chairman Jerome Powell for failing to lower interest rates.
Medical tech company Mesoblast sank 4.2 per cent, while uranium miners Deep Yellow (down 5.5 per cent) and Paladin Energy (down about 5.5 per cent) have dropped since the market opened on Tuesday.
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» Read more about: Wall Street Update: Stocks drop after Trump calls Fed Chair Powell 'a loser' »
Nvidia (NVDA) stock fell 4.5% Monday after a report from Reuters said Chinese tech giant Huawei is set to begin shipping advanced AI chips as soon as next month in the wake of Trump’s export rules effectively banning Nvidia’s sale of its H20 chips in China.
Huawei’s new 910C chips are reportedly competitive with Nvidia’s H100 AI chips,
April 9 – Cathie Wood’s ARK Invest (ARKK) made notable adjustments to its portfolios on Tuesday, with key moves in NVIDIA Corp (NASDAQ:NVDA) and UiPath Inc (NYSE:PATH).
The firm added a substantial 188,980 shares of NVIDIA,
» Read more about: Cathie Wood's ARK Loads Up on NVIDIA, Sells Off Millions in UiPath Shares »
Cathie Wood, Founder & CEO, Ark Invest, speaks during the second day of the FII PRIORITY Summit held at the Faena Hotel on Feb. 20, in Miami Beach, Fla.Joe Raedle/Getty Images
Bank of Montreal’s BMO-T asset management arm has ended its ill-timed partnership with Cathie Wood,
» Read more about: BMO pulls out of mutual fund partnership with U.S. tech investor Cathie Wood »
There are many reasons investors love dividend stocks and exchange-traded funds, or ETFs: regular income, less volatility, tax advantages, long-term returns and inflation hedging, among others.
For many, regular income is a top consideration. These include those who reinvest the income to achieve a higher return on investment and those who use it to meet some needs or wants.
» Read more about: What ETF Has the Highest Dividend Yield? »
UBS Global Wealth Management portfolio manager Angie Newman discusses the market reaction amid trade tensions and gives advice to clients and investors.
Stocks fell on Monday as investors watched for signs of progress on trade talks, and after President Donald Trump continued criticizing Federal Reserve Chairman Jerome Powell.
» Read more about: Dow Jones tanks over 1,000 points as Trump targets Fed Chair Powell »
The stock market suffered another loss on Monday, with the Dow Jones Industrial Average closing at a 971-point loss amid investor concerns over a row between President Donald Trump and Federal Reserve Chair Jerome Powell.
Trump called Powell “Mr. Too Late,” and a “major loser” in a social media post earlier in the day,
» Read more about: Dow Jones closes with a 971-point loss amid Trump, Powell conflict »
