Samuel Yang

3 weeks ago | abc.net.au | Samuel Yang

The S&P 500 and the Nasdaq Composite both closed higher on Tuesday, after a topsy-turvy day on Wall Street dominated by investor angst ahead of the impending tariff announcements from the Trump administration. Financial markets have been volatile in recent weeks as investors assessed the economic fallout of US President Donald Trump's extensive tariff plans, which have sparked worries about a US economic slowdown and higher inflation.

1 month ago | abc.net.au | Samuel Yang

Credit reporting agency CreditorWatch has released the February results for its Business Risk Index, showing Australian businesses remain under pressure across key metrics. Cost increases and household cost-of-living pressures continue to impact the hospitality sector, with closures hitting a record high of 9.3% — that's one in 11 businesses — in the 12 months to February 2025, up from 7.1% in the 12 months to February 2024.

1 month ago | abc.net.au | Samuel Yang

US stocks fell on Tuesday, snapping a two-session streak of gains. The Fed will release its latest policy statement at 5am AEDT Thursday, where the central bank is widely expected to keep interest rates unchanged, along with its updated summary of economic projections (SEP).

1 month ago | abc.net.au | Samuel Yang

President Donald Trump on Thursday exempted goods from both Canada and Mexico under a North American trade pact for a month from the 25% tariffs that he had imposed earlier this week, the latest twist in fast-shifting trade policy that has whipsawed financial markets and business leaders. The exemption, which will expire on April 2, covers both of the two largest US trading partners.

2 months ago | abc.net.au | Samuel Yang

Wall Street's main indexes were mixed on Tuesday as gains in Coca-Cola and Apple offset losses in Tesla, while investors parsed Federal Reserve Chair Jerome Powell's latest comments. The US central bank is no rush to cut its short-term interest rate again given the economy is "strong overall", with low unemployment and inflation still above the Fed's 2% target, Powell said in opening remarks at a Senate Banking Committee hearing.