President Financial News

Subscribe to enjoy similar stories. Following the re-election of President Donald Trump last November, there was a growing sense of optimism regarding the outlook for the economy and financial markets in 2025.

Subscribe to enjoy similar stories. PARIS—Two weeks after Russia’s large-scale invasion of Ukraine, French President Emmanuel Macron descended 20 stories beneath Paris to send a message to Moscow. He entered France’s nuclear bunker deep under his regal presidential palace to lead an exercise dubbed Poker.

Subscribe to enjoy similar stories. MANY KNOW the mortification of sending the wrong text message to the wrong person. But when the fat thumb is that of America’s national security adviser, Mike Waltz, the message is a detailed military plan to bomb Yemen and the recipient is a prominent journalist, the error is not just a cause of shame but potentially a serious breach of national security.

Subscribe to enjoy similar stories. US President Donald Trump has sent yet another signal that he has no qualms deploying tariffs as a geopolitical weapon. As reported, he has now said the US would levy a 25% tariff on all imports from any country that purchases oil or gas from Venezuela, a country that has been under US sanctions but whose finances he evidently wants to squeeze harder.

Bank of Japan policymakers discussed the pace of raising interest rates further after deciding to hike short-term interest rates to the highest in 17 years, minutes of their January meeting showed on Tuesday. «Some members shared the recognition that real interest rates were expected to remain significantly negative even if the BOJ decided to raise the policy interest rate at this meeting, and that accommodative financial conditions would be maintained,» the minutes said.

Subscribe to enjoy similar stories. As metaphors go, the complete closure of Europe’s busiest airport on Friday because of a fire in a suburban electricity substation is a timely one.

President Donald Trump said not all of his threatened levies would be imposed on April 2 and some countries may get breaks, which helped the dollar and the mood on Wall Street overnight by soothing some fears about a slowdown in U.S growth.

Subscribe to enjoy similar stories. Canadians have long been the top international travelers to the U.S. Now, they are staying home.

bilateral trade agreement, people familiar with the matter said. Brendan Lynch, US assistant trade representative for South and Central Asia, and a team of officials will visit India from March 25-29 as part of ongoing trade discussions, the US embassy in New Delhi said in a statement Monday. Officials in New Delhi are expected to make the case for a reprieve from reciprocal tariffs, which are scheduled to take effect on April 2, people familiar with the matter said, asking not to be identified because the discussions are private. The two sides are expected to discuss a framework for a bilateral trade deal, after which formal negotiations would start, they said. Aside from trade officials, Lynch is also likely to meet Vikram Misri, India’s foreign secretary, during the visit, one of the people said. “We look forward to productive and constructive discussions with the incoming US delegation to expand and deepen our bilateral trade and economic ties in a mutually beneficial manner,” India’s Ministry of Commerce and Industry said in a statement.

Bipartisan Policy Center. That deadline, known as the «X-date» — the moment when the United States is unable to meet its financial obligations and might default on its debt — is a fiscal milestone that's among the most closely watched in Washington and on Wall Street. The date is subject to considerable uncertainty. It relies on estimates of how much wiggle room the Treasury has to use accounting maneuvers — known as «extraordinary measures» — to keep paying the government's bills by shifting money around. The Bipartisan Policy Center, a think tank, provided estimates suggesting that the X-date could come as late as the beginning of October. Efforts to address the debt limit will likely consume Congress and the Trump administration later this year as Republicans race to enact trillions of dollars of tax cuts. The debt limit is a cap on the total amount of money that the United States is authorized to borrow to fund the government and meet its financial obligations.

Louis DeJoy, who led efforts to restructure the money-losing U.S. Postal Service for nearly five years, has resigned effective immediately, the agency said on Monday. DeJoy, a former logistics executive and major Republican political donor who took over in 2020, had clashed with lawmakers over reforms at the agency that has lost more than $100 billion since 2007.

Donald Trump has suggested the United States should take control over the self-governing, mineral-rich territory of American ally Denmark. Vance will leave on Thursday and return Saturday, according to her office. Vance and one of her three children will be part of a U.S. delegation that will «visit historic sites» and «learn about Greenlandic heritage.» Media outlets in Greenland and Denmark reported that Vance would be accompanied by Trump's national security adviser, Mike Waltz. The White House and the National Security Council did not immediately respond to requests for comment. Trump had mused during his first term about buying the world's largest island, even as Denmark, a NATO ally, insisted it wasn't for sale. The people of Greenland also have firmly rejected Trump's plans. Vice President JD Vance said Sunday that Trump «doesn't care» what the Europeans think.

U.S. appeals court judge said on Monday that Nazis were given more rights to contest their removal from the United States during World War Two than Venezuelan migrants deported by the Trump administration. In a contentious hearing, U.S. Circuit Judge Patricia Millett questioned government lawyer Drew Ensign on whether Venezuelans targeted for removal under a little-used 18th-century law had time to contest the Trump administration's assertion that they were members of the Tren de Aragua gang before they were put on planes and deported to El Salvador. «Nazis got better treatment under the Alien Enemies Act than has happened here,» Millett said, to which Ensign responded, «We certainly dispute the Nazi analogy.» Prior to the Trump administration's invocation of the 1798 Alien Enemies Act, the law had been used three times in U.S. history, most recently to intern and remove Japanese, German and Italian immigrants during World War Two. The Trump administration was asking the appeals court to halt Washington-based U.S. District Judge James Boasberg's two-week ban, imposed on March 15, on the use of the law to justify deportation of alleged Tren de Aragua members without final removal orders from immigration judges.

Asian stocks rose early Tuesday after US equities enjoyed one of their best sessions of the year, fueled by signs that President Donald Trump’s trade sanctions will be narrower than feared. Indexes in Australia and Japan advanced after Wall Street’s risk-on bid lifted shares of nearly all stripes in a rebound from a sharp selloff that has challenged the notion of US exceptionalism. The Nasdaq 100 added 2.2%. Hong Kong stocks were poised to drop at the open. Treasuries were little changed in Asian trading following a nine basis point climb in the 10-year yield to 4.33% on Monday.

foreign selling. The rebound on the heels of a prolonged period of gloom has helped the main indices erase all their 2025 losses. The rupee advanced to 85.63, its strongest this year against the dollar, rising for the ninth day in a row. The NSE Nifty rose 307.95 points or 1.32% to close at 23,658.35. The BSE Sensex rose 1,078.87 points or 1.4% to end at 77,984.38. Both indices are up 5.1% in the six trading sessions. «Monday's upside was due to a combination of short covering, and expectations of some relaxation or less punitive tariffs which were supposed to be implemented on April 2,» said Pankaj Pandey, head of retail research at ICICI Direct.

Trump administration officials mistakenly disclosed war plans in a messaging group that included a journalist shortly before the U.S. attacked Yemen's Iran-aligned Houthis, the White House said on Monday, following a first-hand account by The Atlantic. Democratic lawmakers swiftly blasted the misstep, saying it was a breach of U.S. national security and a violation of law that must be investigated by Congress. The Atlantic's editor-in-chief Jeffrey Goldberg said in a report on Monday that he was unexpectedly invited on March 13 to an encrypted chat group on the Signal messaging app called the «Houthi PC small group.» In the group, national security adviser Mike Waltz tasked his deputy Alex Wong with setting up a «tiger team» to coordinate U.S. action against the Houthis. National Security Council spokesperson Brian Hughes said the chat group appeared to be authentic. U.S. President Donald Trump launched an ongoing campaign of large-scale military strikes against Yemen's Houthis on March 15 over the group's attacks against Red Sea shipping, and he warned Iran, the Houthis' main backer, that it needed to immediately halt support for the group.

Tiger Woods and Vanessa Trump have officially confirmed their relationship on Instagram. Rumors had been circulating about their relationship for weeks. The confirmation came after they were seen together at multiple events.

Apple, Tesla and Ford Motor are among companies contributing the most to recently lowered estimates for the quarter, along with some insurers, whose projections have been hurt by fires in California early this year, according to Tajinder Dhillon, senior research analyst at LSEG. S&P 500 forecasts for the first quarter of 2025 have fallen by 4.5 percentage points since January 1, the largest downward revision since the fourth quarter of 2023, he said. Earnings growth for S&P 500 companies is now seen at 7.7% year-over-year, which would be the lowest since 2023's third quarter and a big decline from 17.1% in the fourth quarter of 2024, based on Friday's LSEG data. While a handful of companies have already reported on the quarter, the unofficial start of the first-quarter season is still weeks away.