Wall Street swings as stocks rally amid tariff tensions
U.S. stocks surged on Friday with the S&P 500 up 1.8 percent and the Dow gaining 619 points after a volatile week. The dollar fell while Treasury yields hovered near 4.5 percent as investors weighed Trump China tariffs and Fed policy. Global markets showed mixed results with gold rising to record highs and profits from JPMorgan Chase, Morgan Stanley, and Wells Fargo easing concerns over earnings.
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New York
U.S
Wall Street
Donald Trump
China
Trump
Treasury
Susan Collins
Federal Reserve Bank of Boston
Financial Times
Fed
U.S. Treasury
United States
Man
Jpmorgan Chase
Morgan Stanley
Wells Fargo
Morgan
U S consumer sentiment slides in April amid trade wars
The University of Michigan index fell 11 percent to 50.8 in April, the lowest since the COVID era, with sentiment dipping across age, income, region and party. Unemployment expectations rose, stocks and bonds swung, and inflation forecasts climbed, as tariffs and global tensions weighed on confidence.
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Washington
U.S
Donald Trump
University of Michigan
Joanne Hsu
Trump
James Knightley
ING
U.S. Federal Reserve
Fed
Capital Economics
Harry Chambers
Joe Biden
Jerome Powell
Treasury
Global shipping grants first GHG tax with $100 per ton fee
Nations adopt a $100 per ton minimum levy on ship emissions, creating a potential $11 billion to $13 billion yearly revenue for the IMO net zero fund. The plan, set to tighten toward 2050, aims to modernize shipping, reward low emission vessels, and aid developing countries, with U.S. absent and adoption expected at an October meeting for 2027 effect. Environmentalists question adequacy and revenue sufficiency.
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International Maritime Organization
IMO
United States
Arsenio Dominguez
Ernize Shipping
Emma Fenton
U.K
China raises tariffs as trade war escalates
China reports new tariffs on U S goods rising from 84 to 125 percent while Trump has raised duties on China to 145 percent total. Beijing vows countermeasures and WTO action as markets fret a global slowdown. Xi Jinping meets Pedro Sanchez and Wang Yi defends China’s stance urging joint resistance to what Beijing calls economic bullying.
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Beijing
China
U.S
Donald Trump
Washington
Chinese Finance Ministry
Commerce Ministry
World Trade Organization
Xi Jinping
Pedro Sanchez
CCTV
Wang Yi
Trump
Wang
Rafael Mariano Grossi
International Atomic Energy Agency
Jennifer Lee
BMO Capital Markets
United States
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Stanley
Federal Reserve
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DAX
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ENE
la Habra
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Christopher Rugaber and
Josh Boak
Associated Press
White House
Karoline Leavitt
Canada
Mexico
Truth Social
America
Larry Fink
BlackRock
CNBC
Fink
Michigan
Ms Taleatt
The
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