Business
US stocks plunge, suffer biggest losses since Covid-19 crash amid escalating trade war
Updated report by Reuters – published by CNA and Thai Newsroom New York – Wall Street nosedived for a second straight day on Friday (Apr. 4), after China said it would strike back at US President Donald Trump with additional tariffs of 34 percent on American goods, escalating a trade war that has rattled […]
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Business
Traders and politicians make risky arguments about low interest rates
The Wall Street bulls embracing sky-high stock values and the Washington pols embracing big deficits may be ideological opposites, but they have something important in common. Both draw sustenance from near-zero interest rates which make stocks more valuable and debt more supportable. And both risk taking this basically sound logic to extremes. The rally […]
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