Bonds & Stocks
The world’s biggest bond market got hit while stocks saw mild gains as traders braced for a barrage of economic data and remarks from Federal Reserve speakers that will help shape the outlook for interest rates. Treasuries dropped across the curve, erasing most of the month-end gains accumulated at the end of Friday’s holiday-shortened session.
Economy
Donald Trump’s love of tariffs is as well-known as the incoming US president’s capriciousness. For everyone from CEOs and mom-and-pop businesses to Wall Street investors and foreign governments, gaming out the path from protectionist campaign rhetoric to policy reality is proving tough, leaving the outlook fraught with uncertainty.
World
The Biden administration unveiled new restrictions on China’s access to vital components for chips and AI, escalating a campaign to contain Beijing’s technological ambitions.