Tesla Sinks; Tech Selloff Weighs on Nasdaq
Stocks dropped amid a tech selloff and renewed turmoil in the Middle East. Tesla shares closed down 5.3%.
Fitch Lowers World Growth Forecast Amid Tariff Chaos
The ratings agency cut its U.S. 2025 growth forecast to 1.7% from 2.1%, a level well down from growth rates of closer to 3.0% in both 2023 and 2024.
Bank of Japan Leaves Rates Steady as U.S. Uncertainty Heightens
The Japanese central bank held monetary settings steady as it expressed concern over the potential impact global trade frictions could have on the Japanese economy.
The Wealthy Could Put Away Their Wallets if This Keeps Happening
One sign of nervousness: The affluent consider buying their cars at contracted prices as they come off lease instead of getting a new one
Irish Economic Outlook Hit by Tariff Uncertainty, Central Bank Says
The economy could risk recession if Trump targeted the country with higher tariffs or changed tax rules, the central bank said.
Trump's Call With Putin Signals Long Road Ahead to Russia-Ukraine Deal
The Russian leader didn't agree to a full cease-fire and presented his own demands to end the fighting.
Japan's Exports Growth Aided by Pre-Tariff Demand From U.S.
The rush to secure products before President Trump imposes higher tariffs on imports into the U.S. has helped boost shipments from Japan.
German Lawmakers Approve Major Spending Package
The spending plan is aimed at turbocharging its military and retooling its stagnating economy.
The Fed's Wait-and-See Outlook Obscures a Bigger Strategy Shift
Central banks can lower interest rates because of good news or bad news. The window for "good" cuts is closing due to new inflation risks.
Investors are on edge about potential changes to the Fed's balance sheet plan
Financial markets are not just focused on what the Federal Reserve says about the future path of interest rates on Wednesday. The markets are also on alert for changes to the Fed's ongoing runoff of its balance sheet, known as "quantitative tightening," or QT.
(END) Dow Jones Newswires
March 19, 2025 03:00 ET (07:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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