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Donald Trump’s trade war has pushed investor anxiety about the world economy to its worst in recent memory, the boss of BlackRock has said.

Goldman believes the tax-like impact on real disposable income and consumer spending from Trump's tariff policies will hurt U.S. growth prospects.

(Bloomberg) -- Oil edged higher after Donald Trump suggested that the US could impose “secondary tariffs” on Russia, a top-three producer nation and major exporter to the world. Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High Risk of Catastrophic Ship StrikesCharter Schools, Colleges Push Muni Debt Distress Near RecordOn Sund

Investors are anxious about a possible "Mar-a-Lago Accord" aimed at devaluing the dollar, which could upend financial markets and have other gnarly consequences.

(Bloomberg) -- Hungary is expanding its interventions into the market economy in areas ranging from bond funds to banking, as the government seeks to revive growth after last year’s recession.Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High Risk of Catastrophic Ship StrikesCharter Schools, Colleges Push Muni Debt Distress Near

(Bloomberg) -- President Donald Trump said he was “very angry” at Vladimir Putin and threatened “secondary tariffs” on buyers of his country’s oil if the Russian leader refuses a ceasefire with Ukraine.Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High Risk of Catastrophic Ship StrikesCharter Schools, Colleges Push Muni Debt Dis

Oil prices are set to remain under pressure in 2025 as U.S. tariffs and slowing economic growth in India and China weigh on demand, while OPEC+ pushes forward with plans to increase output, a Reuters poll showed. With global crude balances expected to widen by 300,000 barrels per day (bpd) this year, the market is teetering on the edge of surplus, said Florian Grunberger, senior analyst at Kpler. "This shift is driven by a weaker macroeconomic outlook in China and underperformance in Indian demand, which more than offset a modest improvement in European demand."