Gold price hits record high on looming US tariff fears
Bullion surpasses October peak as traders stockpile in New York
Read more at Financial Times
Topics
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Trump Tariffs Could Hit Cars, Clothes and Food Prices Fast
The levies could go into effect within the next few days.Inc. - 3d -
U.S. Firms in China Fearing Trade Turmoil Hit a 5-Year High
An American Chamber of Commerce in China Survey shows growing worries about Sino-American relations and how their businesses could be affected.Inc. - Jan. 23 -
US consumers ‘resilient’ in face of high prices and interest rates
Credit card data points to ‘robust’ growth at start of 2025 after shoppers spent $1tn during holiday seasonFinancial Times - Jan. 18 -
Crude hits 6-month high as new US sanctions trigger global supply fears
Brent crude tops $81 a barrel after Washington targets Russian oil revenuesFinancial Times - Jan. 13 -
China’s currency hits 16-month low on Trump tariff fears
Renminbi under pressure from stronger dollar and concerns about incoming US president’s trade plansFinancial Times - Jan. 8 -
Services index shows big jump in prices for December as companies fear tariffs
The ISM services survey's prices index jumped to 64.4%, an increase of 6.2 points or more than 10%.CNBC - Jan. 7 -
FirstFT: US corporate bankruptcies hit 14-year high
Also in today’s newsletter, Trump reiterates ambition to buy Greenland and Wall Street’s top regulator steps downFinancial Times - Jan. 7 -
China’s yuan hits 16-month low amid fears over Trump tariffs
CSI 300 blue-chip stock index also trades weakly, hitting its lowest point since September. China’s currency hit a 16-month low on Monday, despite efforts by the central bank and stock exchanges to ...The Guardian - Jan. 6 -
US homebuilder shares slide on fears of higher rates and Trump tariffs
Threat of rising costs brings post-pandemic rally to a haltFinancial Times - Jan. 4
More from Financial Times
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China builds huge new wartime military command centre in Beijing
Complex will be bigger than Pentagon and include bombproof bunkers for leaders, say US intelligence officialsFinancial Times - 1h -
Trump blames Democrats and DEI for fatal Washington mid-air collision
President cites ‘moment of anguish’ after helicopter collides with commercial jet leading to 67 deathsFinancial Times - 3h -
The ‘conservative international’ battle with Britain
This time around, the Trump victory comes as the UK is vulnerable to potent arguments from the rightFinancial Times - 10h -
Elliott warns White House is inflating crypto bubble that ‘could wreak havoc’
Supporting digital assets that could marginalise the dollar is ‘dangerous’, investor letter saysFinancial Times - 5h -
US economy grew at 2.3% rate in fourth quarter
Figure comes after Fed chair Jay Powell said there was no hurry to cut interest ratesFinancial Times - 8h
More in Business
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Apple shares rise 3% as boost in services revenue overshadows iPhone miss
Although Apple's overall sales rose during the quarter, the company's closely watched iPhone sales actually declined slightly on a year-over-year basis.CNBC - 17m -
FDA approves Vertex’s non-opioid painkiller, first new kind of pain medicine in decades
The Vertex drug is a milestone after a long history of unsuccessful efforts to develop painkillers without the addictive potential of opioids.CNBC - 22m -
RFK Jr. Says He Won’t Keep Financial Stake in HPV Vaccine Lawsuits
Senators had objected to the financial conflict posed by Robert F. Kennedy Jr.’s decision to retain a financial stake in lawsuits against a major drug company. It remains unclear whether any ...The New York Times - 26m -
Intel issues weak forecast, but beats on fourth-quarter results
Intel said seasonality, competition and an uncertain economy are resulting in challenges to its business.CNBC - 29m -
67 believed dead after American Airlines plane collides with Army helicopter
An American Airlines regional jet collided with a helicopter near Ronald Reagan Washington National Airport.CNBC - 36m