
Japanese, Korean Stocks Gain After Trump's New Tariff Deadline
The yen was fractionally stronger after dropping about 1% overnight. The won gained.
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Bloomberg
8 minutes ago
- Bloomberg
Asian Economies in Rush to Cut Tariff Deals as US Deadline Moves
Asian countries including Japan and South Korea said they'll keep pushing for a better deal for their exports to the US after President Donald Trump shifted his tariff deadline to Aug. 1 and tweaked the rates he's set for many economies. In his first wave of letters to key trading partners, Trump announced levies of 25% on goods from Japan and South Korea, with rates for Indonesia and Thailand set at over 30%. The US president also signed an executive order holding off the new duties until Aug. 1.


Bloomberg
9 minutes ago
- Bloomberg
S&P 500 Wavers Near Record After Trade-Fueled Rout: Markets Wrap
Stocks fluctuated near all-time highs as hopes President Donald Trump is still open to trade talks offset his remarks that the US won't offer extensions to the August deadline for reciprocal tariffs to kick in. Treasuries joined a global slide of longer-dated bonds. The dollar rose. Following a selloff that drove the S&P 500 slightly below overbought levels, the gauge fluctuated around 6,200. Equities bounced from session lows as data showed consumer expectations for future inflation have settled back to levels last seen at the beginning of 2025. Strategists at both Goldman Sachs Group Inc. and Bank of America Corp. raised their year-end targets for the US equity benchmark. Megacaps remained under pressure despite a rebound in Tesla Inc.


The Onion
14 minutes ago
- The Onion
Trump Orders His Face Added To The Pep Boys Logo
WASHINGTON—Insisting that he deserved a place alongside the iconic visages of the auto supply company's founders, President Donald Trump issued an executive order Tuesday adding his face to the Pep Boys logo. 'After all my tremendous work on behalf of American car owners, many have said that I should have my image up there with Manny, Moe, and Jack,' Trump told reporters during a press briefing at the White House, adding that any symbol of America's best deals on towing, tires, and car batteries was incomplete without him. 'No one has done more to offer Americans brake repair and tire alignment services at affordable prices than I have. In fact, they should probably put me in the middle of the logo. There's room. They can get rid of the one with the glasses if they have to. It's time to update the Pep Boys logo for the modern day and recognize my achievements as the greatest automotive aftermarket service provider this country has ever seen.' At press time, a group of automotive service historians issued a statement condemning the change and casting Trump's actions as the dangerous whims of an American Bibendum.