Global equity funds attracted inflows for a fourth straight week through October 15, as dovish comments from U.S. Federal Reserve Chair Jerome Powell reinforced expectations that the central bank will cut interest rates at its meeting later this month. Investor appetite, however, remained cautious amid renewed U.S.-China trade tensions after President Donald Trump indicatedhe may scale back certain trade ties with Beijing. Investors bought a net $2.17 billion worth of global

An employee works on a windmill tower at the Welcon factory in Give, Denmark, Nov. 29, 2024. The Welcon factory in Give, Denmark, builds sections called towers for wind farms around the world. (Charlotte de la Fuente/The New York Times) By REBECCA F. ELLIOTT President Donald Trump is poised to preside over a renewable energy boom. Yes, really. The administration and its allies in Congress have rolled back clean energy tax credits and thrown up roadblocks to renewable energy p

Wall Street closed lower on Thursday, with signs of weakness in regional banks spooking investors already on edge over U.S.-China trade tensions. Shares of Zions Bancorporation tumbled after the regional bank disclosed an unexpected loss on two loans in its California division, adding to growing investor unease about hidden credit stress as lenders navigate economic uncertainty with interest rates still relatively high. Also fueling worries about regional banks, Western Allia

Jerome Powell, the chairman of the Federal Reserve, speaks at a news conference at the Federal Reserve in Washington, July 30, 2025. Powell, speaking on Tuesday, Oct. 14, at an event hosted by the National Association for Business Economics, deviated little from his recent message that the Fed should be responsive to the slowdown in monthly jobs growth and other signs of softness across the labor market. (Caroline Gutman/The New York Times) By COLBY SMITH Jerome Powell, the c

Wall Street’s multibillion-dollar prime brokerage machinery is firing on all cylinders. In the latest quarter, the largest U.S. banks led by JPMorgan Chase, Goldman Sachs, and Bank of America flagged big profits from the booming business of prime brokerage, which involves lending cash and securities to hedge funds to help execute large trades. The prime brokerage business on Wall Street has benefited this year from surging valuations of companies across sectors, with some ban

A furniture factory worker in Hickory, N.C., Oct. 28, 2021. President Donald Trump ushered in new tariffs on imported furniture, kitchen cabinets and lumber on Tuesday, October. 14, 2025, adding a fresh round of levies as he once again threatened to expand his trade war with China. (Travis Dove/The New York Times) By ANA SWANSON and SYDNEY EMBER President Donald Trump ushered in new tariffs on imported furniture, kitchen cabinets and lumber on Tuesday, adding a fresh round of

A rebound in the dollar over the past month is unlikely to last given it was largely due to repositioning over temporary factors including the disruption of U.S. economic data due to the U.S. government shutdown and upheaval in the governments of rival currencies. The greenback has climbed about 3% against a basket of currencies since mid-September, recovering from more than three-year lows after falling nearly 11% earlier this year. Speculators’ net short bets on the dollar

President Donald Trump makes an announcement regarding drug prices in the Oval Office at the White House in Washington, Friday, Oct. 10, 2025. (Photo by Haiyun Jiang/The New York Times) By REBECCA ROBBINS and MARGOT SANGER-KATZ President Donald Trump late last week announced a deal with British drugmaker AstraZeneca to lower drug prices, his second pact with a major pharmaceutical company in an effort to make prescription drugs more affordable. Under the deal, AstraZeneca agr