Global equities and risk sentiment were rattled after President Trump moved to impose a new 15% across-the-board tariff following a Supreme Court setback to his prior trade program. The renewed policy uncertainty has businesses and trading partners scrambling, with investors reassessing growth, supply chains, and earnings visibility as trade tensions re-escalate.
Source: The New York Times — DealBook
Gold rallies above $5,100 as investors hedge tariff and geopolitical risk
Precious metals extended gains, with gold topping $5,100 and silver climbing, as investors sought safety amid tariff shock and rising Middle East tensions. The move underscores how macro and policy volatility are overpowering rate and dollar dynamics, sending capital into havens despite elevated yields.
Source: MarketWatch
Fed’s Waller: March rate cut hinges on the next jobs report, not tariff litigation
Federal Reserve Governor Christopher Waller said the February employment report will be pivotal for the March policy decision, downplaying the immediate policy impact of the Supreme Court’s tariff ruling. Markets are weighing Waller’s remarks against a backdrop of trade uncertainty and shifting inflation expectations.
Source: MarketWatch
IBM suffers worst month in decades as AI competition dents legacy services outlook
IBM shares tumbled, heading for their worst month in 34 years, after Anthropic’s Claude Code stoked fears of accelerated disruption to mainframe and COBOL-modernization work that underpins portions of Big Blue’s services revenue. The selloff highlights how AI automation is resetting assumptions about timelines and margins across legacy tech franchises.
Source: MarketWatch
Crypto.com wins conditional nod for U.S. national trust bank charter
Crypto.com said it received conditional approval from the OCC to form a national trust bank, positioning the exchange to offer federally supervised custody and settlement services to institutions. A national charter could streamline operations across states and meet the “qualified custodian” needs of asset managers, deepening crypto’s integration with traditional finance.
Source: Seeking Alpha
Bitcoin funds log $3.8B in five-week outflows as price slips below $63K
Spot bitcoin ETFs recorded $3.8 billion in net redemptions over the past five weeks, reflecting more cautious positioning as macro and policy risks rose. The outflows coincided with bitcoin’s break below $63,000, adding to near-term volatility in both spot and derivatives markets.
Source: Seeking Alpha
ESMA warns ‘perpetual futures’ fall under EU CFD rules
Europe’s securities watchdog told firms that so-called perpetual futures and similar crypto contracts are likely captured by the EU’s CFD product intervention regime, regardless of branding. The guidance means leverage caps, margin close-out rules, risk warnings, and incentive bans may apply—raising the compliance bar for exchanges and brokers distributing these products to retail clients.
Source: Finance Magnates
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