News

Federal Reserve Chair Jerome Powell said Wednesday that he expects President Donald Trump's tariffs policy to cause higher inflation and slower economic growth, complicating potential central bank efforts to ease the fallout. Powell's remarks immediately sent stocks lower as investors digested the top central banker's concern about the tariffs. Within minutes, the Dow Jones Industrial Average fell 690 points, or 1.7%, more than tripling losses suffered over the course of the day before Powell's comments.

Abbott Laboratories shares surged Wednesday after the medical device maker said it plans to invest $500 million in U.S. operations and topped Wall Street’s expectations with its first-quarter results.

The US stock market is closed Friday in observation of Good Friday. So is the bond market, which also closes early Thursday.

Boeing shares remained in focus Wednesday as investors digested yesterday's reports that China told its airlines not to take more deliveries of the company's jets amid an intensifying trade war between Washington and Beijing. Monitor these important chart levels.

Exporters attending China’s biannual trade fair in Canton were emphatic about the need to look beyond selling to Americans. China has been highlighting its focus on trade with countries other than the United States at various trade fairs that are showcasing its vast market and competitiveness as a manufacturing giant. U.S. President Donald Trump announced sweeping tariffs of 145% on all products imported from China.

Policy shifts and geopolitical turmoil are as inevitable as they are disruptive—but markets reward patience and discipline.

BI surveyed 150 college students pursuing careers on Wall Street about their motivations, expectations, and fears. Here is what they told us.