Charlie Javice, who faces a prison sentence of 14 to 17.5 years, unsuccessfully sought to portray JPMorgan Chase as careless.
When President Trump secured his second term in November, Wall Street had convinced itself it had every reason to triple-down on US equities. The S&P 500 was wrapping off back-to-back years of 20% gains, inflation was cooling, and the “American exceptionalism” play looked like the latest boon to the AI trade.
As Wall Street draws the curtain on a tumultuous quarter in which stocks logged a record high before tumbling into correction, investors are faced with a mountain of policy uncertainty that clouds the outlook for coming quarters.
President Trump’s latest trade war threat is expected to come into effect this week, but businesses and investors remain unsure about how much it will hurt.
Ferrari manufactures all its cars at its Maranello facility, in northern Italy. But it's not just the imported super luxury carmakers that will be forced to boost prices, experts said.Start the day smarter.
The S&P 500 and the Nasdaq Composite both closed higher on Tuesday, after a topsy-turvy day on Wall Street dominated by investor angst ahead of the impending tariff announcements from the Trump administration.
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Wall Street strategists expect last year’s financial market gains to fuel a robust tax season for the US government, potentially leading to a drawdown of liquidity just as politicians wrestle over the debt ceiling.
Wall Street firms are warning that the risk of the U.S. economy falling into a recession are rising as President Trump's tariff plans could lead to an escalation of the trade war.