New York City is losing jobs, making life difficult for Mayor Zohran Mamdani as he seeks to close a massive budget deficit while emphasizing economic justice over growth. The city lost 20,000 jobs by 2025 to end the year with 4.823 million employees, according to updated employment figures released Thursday by the state labor department. … Read more
Wells Fargo Chairman and CEO Charlie Scharf discusses the resilient US economy amid geopolitical risks and market uncertainty on ‘Mornings with Maria.’ Despite a 50% increase in oil prices and the growing conflict involving Iran, Wells Fargo CEO Charlie Scharf reports a disconnect between market volatility and the health of the global economy. “So, separate … Read more
Good news for investors: The charity event may finally be on its way. Loading audio description… That’s the word on Wall Street as markets assess the damage caused by the Iran war, which has dragged stocks lower for much of the past month as investors worry about the impact of higher oil prices on the … Read more
(Bloomberg) — As the war in Iran enters its fifth week, Wall Street banking strategists have been pitching trades that could pay off if the stock market selloff is slow and steady. BBVA has recently recommended April Euro Stoxx 50 Index put spreads, citing the relaxation of the market even in the presence of a … Read more
President Donald Trump has a habit of bending the financial markets to his will. But with the war in Iran, he may have reached the limit of his ability to do so. On Friday, the S&P 500 closed up 1.7% and saw its fifth straight weekly decline, its worst performance since 2022 and a sign … Read more
Stocks got off to a strong start to the week after President Donald Trump revealed that the two countries are having “productive” talks about ending hostilities. Although there is a strong performance confirmed, few think that the bottom is “stocks” – as the sale started again later in the week – with another warning of … Read more
Federal Reserve Chairman Jerome Powell last week pushed back when asked if the recession poses a threat to the US economy. His successor may face a tough challenge, as Wall Street analysts raise their expectations of a recession, brought on in part by the Iran war and the possibility of higher prices. In recent days, … Read more