BlackRock Sees US Stocks Getting Their Mojo Back
On the new episode of Trumponomics: What happens when US economic data can't be trusted? With President Donald Trump firing independent regulators and killing off advisory committees, David Wilcox, director of US economic research for Bloomberg Economics, and Molly Smith, editor on the US economy, discuss why reliable data is at risk. Listen on Apple, Spotify, or wherever you get your podcasts.
A recurring question in markets this year has been whether US exceptionalism is well and truly over. It's sure seemed that way at times— stock indexes in Europe have been outperforming US benchmarks, while Chinese tech shares have soared even as the once-hot Magnificent Seven stumbled.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Wall Street Journal
12 minutes ago
- Wall Street Journal
Reagan's Diplomacy Returns
President Donald Trump's Middle East trip represents a fundamental break with the 'liberal internationalism' of his recent predecessors and returns the U.S. to the pragmatic foreign policy practiced by Ronald Reagan ('The Trump Doctrine of the Deal,' Review & Outlook, May 17). While the president may not use Reagan's idealistic language, his approach is similar to that outlined by Reagan's first U.N. ambassador, Jeane Kirkpatrick, who advocated cooperation with regimes that shared Washington's core interests regardless of their internal governance. Mr. Trump, a firm believer in peace through strength, is marrying restored deterrence, realistic strategic objectives and a commitment to commercial diplomacy to restore America's global standing after 25 years of overstretch and strategic missteps. His speech in Riyadh is a fitting antidote to President George W. Bush's 2005 inaugural address, which promised to 'end tyranny in our world' and diverted American attention from the rising threat of China and the return of great-power competition. Alexander B. Gray
Associated Press
14 minutes ago
- Associated Press
Mexican national soccer team changes hotels in Los Angeles because of safety concerns
MEXICO CITY (AP) — The Mexican national soccer team will change hotels in Los Angeles ahead of their Gold Cup match on Saturday because of safety concerns amid the protests against immigration raids in the city, a team spokesman said Tuesday. Mexico will play its opening match in the regional tournament against the Dominican Republic at SoFi Stadium in Inglewood. The team had a hotel reserved in downtown Los Angeles but governing body CONCACAF has allowed for a change to an undetermined hotel, Mexican team spokesman Fernando Schwartz told The Associated Press. CONCACAF, which runs soccer in North America, Central America and the Caribbean, has not made an official announcement. The protests began Friday in downtown Los Angeles after federal immigration authorities arrested more than 40 people across the city. On Sunday, crowds blocked a major freeway and set self-driving cars on fire as police responded with tear gas, rubber bullets and flash-bang grenades. On Monday, President Donald Trump ordered another 2,000 National Guard troops along with 700 Marines to be sent to Los Angeles. Mexico coach Javier Aguirre was reluctant to talk about the protests at a news conference on Monday in Chapel Hill, North Carolina, where the team is scheduled to play in a friendly match against Turkey on Tuesday. 'I'm not going to talk about Los Angeles, I told you no, we are talking about sports here.' Aguirre said. 'I can't express myself right now. We have a match against Turkey, and I don't have any information. I know what we see on television. We're thousands of miles away, and I can't express myself.' After the match against the Dominican Republic, Mexico will fly to Arlington, Texas, to play Suriname and then close out the first round of the tournament against Costa Rica in Las Vegas. ___ AP soccer:
Yahoo
15 minutes ago
- Yahoo
Small Business Owners Say Taxes Are Their Biggest Worry
Taxes were the biggest worry for small business owners in May, the monthly small business optimism survey showed. The survey results come as Congress continues to debate President Donald Trump's 'Big, Beautiful' budget bill, which has been criticized for adding to the deficit. Overall, the NFIB Small Business Optimism Index increased for the first time this year to reach 98.8, after declining on tariff Congress continues to debate President Donald Trump's signature legislative proposal, small business owners are becoming increasingly worried about the lack of clarity on taxes. The National Federation of Independent Business (NFIB) monthly survey on small business optimism showed that taxes are the top concern for many business owners, as inflation worries ebbed. It also found that uncertainty among small business owners rose as tariff and tax policies remained unclear. 'The economy will continue to stumble along until the major sources of uncertainty are resolved. It's hard to steer a ship in the fog,' the report said. Overall, the NFIB said small business optimism increased for the first time this year, coming in at 98.8 in May after declining in March and April amid ongoing concerns over U.S. tariffs. The report showed that tariffs didn't fuel as much inflation anxiety among business owners as they have for consumers. Instead, taxes were the top concern for 18% of business owners in May, outranking both inflation and labor quality. Inflation is frequently the top concern for small businesses, and remained the biggest worry for 14% of owners in May. Taxes haven't been the biggest concern for business owners since 2020, the report showed. 'This issue will likely remain top of mind for small firms over the next couple of months as Congress irons out the details of its tax and spending bill,' wrote Wells Fargo economists Jackie Benson and Ali Hajibeigi. The report comes as Congress considers Trump's 'Big, Beautiful' budget bill, which would extend many tax cuts that were first enacted in 2017. While the bill passed the House of Representatives by only one vote, some senators have raised questions about its spending cuts. Tesla CEO Elon Musk, once a Trump ally, has also criticized the legislation as an abomination due to projections that it will increase the budget deficit. 'Congress hasn't passed the Big Beautiful Bill yet, and Trump is still messing with tariffs; the uncertainty level is rising,' the report said. 'While tariffs might be a bumpy road while countries negotiate trade deals, Congress can do its part by passing the BBB sooner rather than later to take that piece of uncertainty off the table.' Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
