The Bank of Italy cut its forecast for growth this year, reckoning that new US tariffs will hold back expansion in the euro zone’s third-biggest economy. Gross domestic product is seen rising 0.6% in 2025 compared to a previous forecast of 0.8%, according to the...

Wall Street forecasters are turning ice cold on US equities, telling investors to refrain from buying the selloff as President Donald Trump’s historic trade war raises the specter of recession. Bank of America Corp.’s Michael Hartnett became the latest to recommend...

A frenzy of hedge fund trading that has been a boon to investment banks may suddenly be nearing its limit, as big investors privately mull one of the dreaded phrases of Wall Street: the sidelines. In Manhattan and beyond, some active traders are debating behind the...

Donald Trump spent his 2024 campaign offering clear promises about tariffs on a nearly daily basis that were often downplayed by investors, perhaps because of the sheer size and scope of what he pledged to do. As president, he has shown the markets and everyone this...

The world’s 500 richest people saw their combined wealth plunge by $208 billion Thursday as broad tariffs announced by President Donald Trump sent global markets into a tailspin. The drop is the fourth-largest one-day decline in the Bloomberg Billionaires Index’s...

Global equity long/short hedge funds erased their gains for the year on Thursday as stocks plunged after the Trump administration announced sweeping tariffs. The funds showed a 1.7% fall on the day, Goldman Sachs said. As of Thursday, long/short hedge funds were down...