To The Moon

CEO of Singapore's DBS tells businesses to 'buckle up' for tariff uncertainty SINGAPORE, April 17 (Reuters) - The CEO of Singapore's biggest bank, DBS Group DBSM.SI, Tan Su Shan, said on Thursday that

OTTAWA, April 16 (Reuters) - The Bank of Canada on Wednesday held its key policy rate at 2.75%, its first pause after seven consecutive cuts, and said the uncertainty around U.S. tariffs made it impos

Hedge-fund founder worries about ‘profound’ changes in world’s monetary orderRay Dalio, founder of Bridgewater Associates, speaks onstage during the Wall Street Journal’s 2024 “The Future of Everythin

'What we are going through now is worse than when former President Nixon took us off the gold standard in August 1971,' strategist says. The mighty dollar, ordinarily a safe haven during times of market-based stress, is falling apart and its ongoing year-to-date slide is pointing to a much bigger problem for all U.S. assets."What we are going through now is worse than when former President Nixon took us off the gold standard in August 1971," said Marc Chandler, the New York-based chief market strategist for Bannockburn Global Forex. "The biggest damage right now is to the U.S. brand," he said, likening the harm done by tariff-driven volatility to the Coca-Cola Co.'s 1985 move toward "New Coke," a reformulated version of its famous drink, which led to consumer backlash.As of afternoon trading in New York, the ICE U.S. Dollar Index DXY, a measure of the U.S. currency against a basket of

Bitcoin has swung wildly over the last week as traders scramble to get ahead of a “crisis scenario” for the bitcoin price.The bitcoin price has dropped to lows not seen since early November, with pani

Trump's approach risks eroding global confidence in the U.S., Ackman said. Bill Ackman, one of President Donald Trump's staunchest defenders among major hedge-fund managers, published a post on X on Sunday urging a "90-day timeout" on some of the tariffs announced by the White House last week.By slapping both U.S. allies and foes alike with disproportionate tariffs, Trump was risking an "economic nuclear winter" and eroding global confidence in the U.S. as a trading partner, a place to do business and as an attractive destination for investment capital, Ackman said.Ackman's comments came as U.S. stock futures opened sharply lower on Sunday evening, pointing to a third straight session of stock-market carnage on Monday."The president has an opportunity to call a 90-day timeout, negotiate and resolve unfair asymmetric tariff deals, and induce trillions of dollars of new investment in our country," Ackman said.Otherwise, the U.S. was headed for a "self-induced, economic nuclear winter, an

Forget economics. It’s the rules of battle investors should pay attention to now that President Donald Trump has launched a full-bore trade war against enemies and allies alike.On Friday, China announ

Highest tariff rate since 1910 may cause many countries to enter recession, one economist saysHonda passenger vehicles are loaded onto a cargo ship in Japan.President Donald Trump’s new tariff plan is

President Donald Trump is imposing tariffs on US trading partners worldwide, his biggest assault yet on a global economic system he has long bemoaned as unfair.Trump said Wednesday he will apply a min

President Donald Trump is imposing tariffs on US trading partners worldwide, his biggest assault yet on a global economic system he has long bemoaned as unfair.Trump said Wednesday he will apply a min