Another trump tariff u-turn sends stocks higher

“America has progressed from infancy to senility without passing through a period of maturity.” So said a character in one of Ian Fleming’s short stories in 1960. He was wrong then – or, was he, as so

“Two huge heavyweights” are in the ring. “I haven’t had so much fun since the ‘Thrilla in Manila’,” an unnamed former US official tells the Financial Times. The world’s two superpowers are squaring of

The dots appear to contradict one another, puzzling observers. How to connect them? Inflation over the last five years has been double the Federal Reserve’s target. Why then, does it cut its key lendi

Central banks are back in easing mode, but the descent down the interest-rate mountain is proving arduous and slow. The US Federal Reserve lowered US rates by a quarter of a percentage point at this m

The run up to the Budget in November has already been dominated by headlines about a “meltdown” in the bond market and a yawning “£50bn” black hole that will have to be filled by more tax increases. S

“Dr Pangloss, welcome to Wall Street,” says Randall Forsyth in Barron’s. Voltaire’s “oblivious optimist” would feel right at home as stocks in the US and Asia hit record highs, even as Russia sends dr