By STAN CHOE
NEW YORK (AP) — U.S. stocks are sinking Friday as hopes wither on Wall Street for a possible cut to interest rates by the Federal Reserve this year because of the war with Iran.
The S&P 500 fell 0.9% and was on track for a fourth straight losing week,
“Smaller energy-importing economies, including the Philippines, Pakistan, and Sri Lanka, are likely to experience comparatively stronger macroeconomic effects,” the ADB report said. “In these economies, higher oil prices tend to transmit rapidly into inflation and exchange rate pressures through widening current account deficits and increased foreign currency demand.”
Emerging markets are especially exposed to the wider impacts on inflation,
Investors in TPG RE Finance Trust, Inc. TRTX need to pay close attention to the stock based on moves in the options market lately. That is because the March 20, 2026 $3.00 Call had some of the highest …
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Most financial advisors will tell you about a dozen or so dividend EFTs that they tell everyone about. Your financial advisor likely does not know about VictoryShares US Large Cap High Dividend Volatility Weighted ETF (NASDAQ:CDL),
WASHINGTON, DC – JANUARY 28: Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on January 28, 2026 in Washington, DC. Powell announced that interest rates will remain steady at 3.5 – 3.75 percent. (Photo by Kevin Dietsch/Getty Images)
» Read more about: Why the Federal Reserve isn’t cutting interest rates (Yet) »
A person holds a sign reading ‘Save Our Social Security’ in support of fair taxation near the U.S. Capitol in Washington, D.C. on April 10, 2025. Tax justice advocates attended a rally to speak out against President Trump’s tax cuts for the wealthy, and to urge members of Congress to intervene.
Today’s Highlights
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9:35 am
The S&P 500 and Nasdaq fell Friday, tracking toward their fourth consecutive losing week as Brent crude surged to $110. While Israel’s leadership suggests the Iran conflict could conclude faster than feared,
Sen. Elizabeth Warren (Mass.), the top Democrat on the Senate Banking Committee, asked President Trump’s nominee to serve as Federal Reserve chair, Kevin Warsh, to clarify his links to the convicted sex offender Jeffrey Epstein.
In a Wednesday letter to Warsh, Warren referenced two emails released by the Department of Justice (DOJ) in which the nominee is listed as a guest to a pair of gatherings that Epstein seemingly attended.
» Read more about: Warren calls on Federal Reserve nominee to explain Epstein links »
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