Wednesday, April 16, 2025

Wednesday Evening Links

[AP] US stocks drop as Nvidia slides and the fog of Trump’s trade war thickens

[Reuters] US-China trade fight slams stocks, sends gold to record high

[Yahoo/Reuters] Trump's trade war ripples through the business world, hits stocks again

[AP] Powell says Federal Reserve can wait on any interest rate moves

[Yahoo/Reuters] Fed's Powell says markets orderly, downplays intervention risk

[Yahoo/Reuters] Fed Chair Powell: Cutting discretionary federal spending will not fix US debt problem

[Yahoo/Telegraph] Fed chairman defies Trump to warn tariffs will stoke inflation

[Yahoo Finance] Commentary: Why Treasury Secretary Bessent isn't reassuring anyone

[CNBC] Trade war fallout: Cancellations of Chinese freight ships begin as bookings plummet

[Axios] How Trump wants to assert control at Harvard and elite colleges

[AP] Maryland Sen. Van Hollen meets with El Salvador’s vice president in push for prisoner’s release

[Reuters] Trump officials could face criminal contempt over deportations, judge says

[Bloomberg] Powell to Volatile Stock Market: You’re on Your Own, for Now

[Bloomberg] US Leveraged Loan Issuance Drought Is About to Set a Record

[Bloomberg] Here Are the Key Takeaways From Powell’s Remarks in Chicago

[Bloomberg] Powell Shows Why Fed Independence Matters in a Turbulent America

[Bloomberg] Stavridis: Five Signs That the US and China Will Go to War

[Bloomberg] China Pivots From US to Canada for More Oil as Trade War Worsens

[NYT] Fed Chair Lays Out Game Plan in Case of High Inflation and Slower Growth

[NYT] How China Took Over the World’s Rare Earths Industry

[WSJ] Powell Warns of ‘Challenging Scenario’ for Fed as Trade War Rages

[WSJ] Former Trump Official Targeted With Government Probe Vows to Fight

[FT] Trump tariffs put Fed’s jobs and inflation goals at risk, Powell says