News

Shale-Oil Bosses Slam Trump’s Tariffs in Anonymous Survey

(Bloomberg) -- In public, the US oil and gas industry has been supportive of President Donald Trump. But in private, some industry executives are expressing a negative view, highlighting a growing tension between Trump’s energy agenda and the impact of his trade policies.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feel

Trading Day: 'Tariff Man' flexes muscles, markets cower

It was really only a matter when, not if, tariff fears cast a pall over Wall Street and global markets again, and so it proved on Wednesday as investors braced for U.S. President Donald Trump's latest announcement on auto tariffs. Earlier, British finance minister Rachel Reeves delivered an update on the country's fiscal and economic health, and as I will explore below, it's a challenging outlook for sterling and UK bonds. Tech is the worst-performing sector inthe S&P 500, losing 2.5%, and with tariff and inflation fearsflaring up, consumer cyclicals lose 1.7%.