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Jennifer Sor

Metro Los Angeles (L.A. County)

Markets and Economy Reporter at Business Insider

writer; bylines @businessinsider @sfchronicle 🐚 🌟🌿🌺🦚

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Articles

  • What Wall Street's brightest minds think about the US-China trade deal

    2 days ago | businessinsider.com | Max Adams |Jennifer Sor |Henry Blodget

    The US-China trade deal is giving markets a huge boost on Monday, but progress on tariffs over the weekend still leaves some risks to stocks and the economy intact, top Wall Street commentators say. US stocks climbed on Monday after the US announced its trade agreement with China. The US will lower the tariff rate on Chinese goods from 145% to 30%, while China will cut its tariff rate on US goods from 125% to 10% for a period of 90 days while negotiations continue.

  • It's official: US stocks have now recovered all of their historic Liberation Day losses

    2 days ago | businessinsider.com | Max Adams |Jennifer Sor |Henry Blodget

    Stocks have recouped their losses since Trump's Liberation Day tariffs first tanked markets, with investors on Monday cheering a big de-escalation in the US-China trade war. Major stock averages surged at the opening bell as investors reacted to the progress on trade negotiations with China announced on Sunday. The S&P 500, which plummeted as much as 12% in the days following April 2nd, was up over 3% since tariffs first came into effect.

  • The middle class is spending less on 'aspirational' luxury, and it's threatening a yearslong boom in the high-end market

    4 days ago | businessinsider.com | Max Adams |Jennifer Sor |Henry Blodget

    The luxury market is losing a big customer: middle-class shoppers with money to burn. After years of YOLO spending during the pandemic era, middle-income households—defined by Pew Research Center as those in the US earning between $54,572 to $161,220 a year—are less keen on "aspirational" luxury. The global personal luxury goods market shrank 2% year-over-year in 2024, according to analysis from the consulting firm Bain & Company.

  • Why Bond King Jeff Gundlach says record-setting gold is poised for another 20% rally

    5 days ago | finance.yahoo.com | Jennifer Sor

    Srinophan69/Getty Images Gold prices could rally another 20% even after a recent string of records, Jeff Gundlach says. That's because investors are finally treating gold like a true asset class rather than a safe haven. The price of bullion is up 25% year-to-date. Gold's record-setting rally isn't close to being over, according to "Bond King" Jeff Gundlach.

  • From a recession to the impact of AI, 4 predictions from Wall Street's 'Dr. Doom'

    5 days ago | yahoo.com | Jennifer Sor

    Nouriel Roubini sees a shallow US recession hitting by late 2025 because of tariffs. He also sees technological advancements in AI and robotics driving a US investment boom. Bond market pressures may force Trump to de-escalate tariffs, Roubini said. Wall Street's Dr. Doom isn't as gloomy about the US economy as he has been in past years.

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