Alice Truong

2 weeks ago | bloomberg.com | Alice Truong

After Moody’s Ratings stripped the US government of its top credit rating late Friday, markets started the new week off by sending the 30-year Treasury yield above 5% — a signal investors are worried about the country’s debt and the trade war. In echoes of the “Sell America” fervor that swept global markets last month, futures for the S&P 500 and Nasdaq 100 fell, the dollar weakened and gold strengthened.

1 month ago | bloomberg.com | Alice Truong

Tensions between India and Pakistan ratcheted up as the two countries traded military strikes, weeks after a militant attack in Kashmir killed 26 people in India, most of them tourists. New Delhi said Wednesday it had conducted “precise and restrained” strikes on “terrorist camps,” hitting no Pakistani civilian, economic or military targets. Pakistan, however, said 26 civilians were killed in the strikes, and that it shot down five Indian planes.

1 month ago | bloomberg.com | Alice Truong

Honjo(Bloomberg) -- I found myself in an unusual position of booking a team dinner recently. Within the week, I was to find a spot that was near our Central office; would accommodate a dozen people (including a special out-of-towner with dietary restrictions); ideally wasn’t staid, stuffy or predictable; and would allow folks to imbibe should they want to — all without breaking the budget.

1 month ago | bloomberg.com | Alice Truong

Traders are seeking shelter from the storm. Traditionally, during times of tumult, one might turn to the US dollar and Treasuries. But uncertainty over the trade war and the fear US President Donald Trump could fire Fed Chair Jerome Powell are sending investors to shield not in American assets but in ever-reliable gold, which surged to $3,500 per ounce for the first time, and the yen, which strengthened past the key level of 140 per US dollar for the first time since September.

1 month ago | bloomberg.com | Alice Truong

US President Donald Trump said the ball was in China’s court. And now we have a better understanding of what it’ll take to get Beijing to the table. China is willing to agree to trade talks under the right terms, according to a person familiar with the Chinese government’s thinking. First, there’s the matter of respect — and reining in disparaging remarks by members of his cabinet.