Hi, this is Allen Wan in Shanghai, where the selloff ignited by the Trump administration’s sweeping tariffs hammered markets that were closed for a holiday on Friday.
Oaktree co-Chairman Howard Marks cited deep uncertainty about just about everything other than inflation as a barrier to financial forecasting in the era of Trump 2.0.
Bayer AG said it’s seeking a US Supreme Court review of litigation over the weedkiller Roundup, its latest effort to get beyond a mountain of legal woes.
JPMorgan Chase & Co. said it expects the US economy to fall into a recession this year after accounting for the likely impact of tariffs announced this week by the Trump administration.