04/23/2025

Markets Rally after Trump Eases Concerns over Tariffs and Fed

A de-escalation of Chinese tariffs is expected

U.S. markets opened with big gains Wednesday after President Donald Trump said he would not attempt to fire the head of the Federal Reserve and Treasury Secretary Scott Bessent said he expects a "de-escalation" from unsustainable tariffs against China in the trade war between the world's two largest economies.

Two major law firms are expected to ask separate judges on Wednesday to permanently block Trump's executive orders that were designed to punish them and hurt their business operations.

Elon Musk says he’ll be spending less time in Washington slashing government costs and more time running Tesla after his electric vehicle company reported a big drop in profits.

Please select this link to read the complete article from The Associated Press.