Investing.com -- UBS expects U.S. corporate credit spreads to widen in the second half of the year, cautioning that markets are underpricing the risks from slowing labor markets, potential trade tariffs, and upcoming Federal Reserve rate cuts. The brokerage laid out 10 themes for positioning in the third quarter, arguing that the sharp tightening in spreads seen in early July likely reflects ...
(Reuters) -Online spending soared $24.1 billion across U.S. retailers during the stretch from July 8 to 11 – dubbed "Black Friday in Summer", outpacing Adobe (NASDAQ:ADBE) Analytics’ prior forecast, as eager shoppers rushed to snap up deep discounts on back-to-school essentials. Retailers recorded online sales growth of 30.3% during events that included Amazon Prime Day, Adobe said on Saturday ...
(Reuters) -U.S. President Donald Trump announced on Saturday a 30% tariff rate for goods imported from the European Union and Mexico, starting on August 1. The EU had initially hoped to reach a comprehensive trade agreement with the U.S. for 27-country bloc, but until Trump’s social media post on Saturday it was unclear if it might get a letter announcing more tariffs or when an agreement might ...
By Lewis Krauskopf and Suzanne McGee NEW YORK/LONDON (Reuters) -Global investors got a harsh reminder of the risks around trade tariffs and U.S. President Donald Trump’s deal-making on Saturday after he threatened fresh tariffs on his biggest trading partners in Europe and Mexico. Trump said in social media posts on Saturday he would impose a 30% tariff on imports from Mexico and the European Un ...