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So, what happens now that President Donald Trump has art-of-the-dealed his way out of his own centerpiece economic initiative because it nearly broke financial markets?

NEW YORK (Reuters) -Federal Reserve Bank of Boston President Susan Collins said Thursday that large trade tariffs now being pursued by the Trump administration will almost certainly drive inflation higher and depress growth, at least in the near term. Such an environment presents challenging trade-offs for the central bank on interest rate policy, as it seeks to balance out keeping price pressures steady while buoying the job market, Collins said in the text of a speech prepared for delivery before an event at Georgetown University in Washington. “I see monetary policy as well positioned to address a wide range of potential economic outcomes in this highly uncertain environment,” Collins said.

Winning the White House was supposed to transform the crypto sector, but for much of this year, it hasn’t paid off for long-term holders of leading cryptocurrencies.

A number of stocks fell in the afternoon session after stocks gave back some of the gains from the previous day as the White House clarified the tariffs on imports from China would add up to 145%, while the baseline 10% tariffs remained in place for all countries. This reminded markets that the global trade environment remained volatile, limiting the potential for sustained gains.

A number of stocks fell in the afternoon session after stocks gave back some of the gains from the previous day as the White House clarified the tariffs on imports from China would add up to 145%, while the baseline 10% tariffs remained in place for all countries. This reminded markets that the global trade environment remained volatile, limiting the potential for sustained gains.

The price of gold hit an all-time high Thursday, with shares of Newmont and other miners surging along with it as investors sought safe haven assets amid tariff-fueled volatility.

Give Marjorie Taylor Greene credit where it’s due: As stocks tanked on tariff fears, she showed her faith in the president not just with words but dollar bills. The Republican congresswoman, an avid supporter of the Trump administration's trade policies, not only bought stocks last week as others dumped them in a panic — she scooped up some of the biggest losers. Lululemon, Dell Computer, Amazon, the parent of Restoration Hardware and a few others hit hard by Trump's tariff threats were down 40% on average late last week when she pounced.

Shares of non-lethal weapons company Byrna (NASDAQ:BYRN) jumped 10.5% in the afternoon session after the company reported impressive fourth quarter 2024 results, which blew past analysts' EBITDA expectations, while sales and EPS came in roughly in line. What stood out was the 57% jump in sales, a big leap that came from opening new stores in key cities and a big retail deal with Sportsman's which gave the company fresh ways to reach buyers. At the same time, Byrna made more products at lower cos

U.S. parcel volumes hit a record in 2024, but new competitors like Amazon, Walmart and OnTrac are eroding the market share of FedEx and UPS, a new report says. The post FedEx, UPS lose parcel market share to big retailers, smaller couriers appeared first on FreightWaves.

Shares of automotive manufacturer Ford (NYSE:F) fell 5.8% in the afternoon session after Goldman Sachs downgraded the stock, citing growing concerns over trade tariffs on imported vehicles and car parts, which are expected to pressure profit margins and disrupt supply chains across the industry. The firm added, "We downgrade Ford to Neutral from Buy to better reflect a more difficult cyclical dynamic including competition internationally, weaker consumer demand, and what we expect will be higher