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Paolo Confino

Paolo Confino

Fortune

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Richard Branson says Trump’s tariffs messed up a promising economy: ‘Everything was going so bloody well up to about three months ago’

The billionaire entrepreneur sees Trump’s hard-line trade policies as reflecting the views of a “fairly small elite [group] of people around” him.

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Fortune

Paolo Confino

Stock market rebounds for second straight day as the White House signals even more strongly it wants to make nice on tariffs

Stock indexes and the U.S. dollar rose, as investors got hints of a long-sought détente in America’s trade wars.

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Paolo Confino

Trump Media’s fintech arm will launch a string of ‘Made in America’ ETFs with Crypto.com

The ETFs mark the latest foray into crypto for a business entity affiliated with President Donald Trump.

22.04.2025 10

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Paolo Confino

DHL will now suspend consumer shipments ‘from any origin’ that are over $800 because of a tariffs-induced backlog at U.S. customs

The company said it is working “around the clock” to sort through the delays.

21.04.2025 4

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Paolo Confino

A new Boeing jet meant for a Chinese airline reportedly returned to the U.S. because of the ongoing trade war

After the Chinese government reportedly told domestic airlines not to purchase new planes from Boeing, one jet had to return to the U.S. from a...

18.04.2025 20

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Paolo Confino

Trump wants lower interest rates to ‘counteract’ the inflation from his own tariff policies

“The White House’s actions have made it harder for the Fed to cut rates,” said a Columbia Business School professor.

17.04.2025 2

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Paolo Confino

Trump says Fed chair is ‘too late’ on interest rates: ‘Powell’s termination cannot come fast enough!’

A day earlier, Federal Reserve chair Jerome Powell offered a pessimistic view of the economy because of the White House’s tariff policy.

17.04.2025 9

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Paolo Confino

Jerome Powell sounds warning on Trump’s tariffs: ‘Highly likely’ to raise prices, ‘continued volatility’ in the markets, and the looming threat of stagflation

In a speech on Wednesday, Federal Reserve Chair Jerome Powell warned of higher prices, “continued volatility” in the markets, and the looming...

17.04.2025 10

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Paolo Confino

Trump’s trade war with China is ‘the end of the era of expanding globalization.’ But it could leave the U.S. worse off because of a major imbalance in key imports

The U.S. has more sectors of the economy that are highly reliant on Chinese imports than the other way around.

14.04.2025 9

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Paolo Confino

Just to break even after the recent selloff, stocks will need to have the sort of rally that only happens during bull markets

Here is how much the S&P 500, the Nasdaq 100, and the Dow need to gain to finish the year where they started.

13.04.2025 9

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Paolo Confino

 The U.S. is now gearing up for a confrontation with China, which some say was the plan all along

The case for and against the existence of Trump’s Grand Plan.

11.04.2025 10

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Paolo Confino

Jamie Dimon eyes a ‘likely’ recession unless the Trump admin doesn’t turn tariffs into trade deals: ‘That’s the best thing they can do’

Dimon, the CEO of JPMorgan Chase, is one of the most respected figures in corporate America.

09.04.2025 2

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Paolo Confino

Trump’s tariff formula used the wrong value in its calculations, conservative think tank says. ‘This whole thing was rigged.’

"What's driving the policy, is that since the 1980s Trump has been a protectionist, and he thinks trade deficits are losses and trade surpluses are...

08.04.2025 100

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Howard Lutnick says he hopes Trump’s tariffs will eliminate China’s ‘army of millions and millions of human beings screwing in little, little screws to make iPhones’ so they can be built in America by robots

The Commerce Secretary said the U.S. government would “protect” companies that “invest in America.”

07.04.2025 5

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Paolo Confino

Robust March jobs report signals the economy is starting from a ‘position of strength’ if Trump tariffs spark downturn

In March, the U.S. added 228,000 jobs, while the unemployment rate ticked up to 4.2%.

04.04.2025 3

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Paolo Confino

BlackRock CEO Larry Fink says almost everyone he talks to is ‘more anxious about the economy than any time in recent memory’

Fink’s letter comes as Wall Street recession odds spike over concerns of looming tariffs.

31.03.2025 20

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Paolo Confino

Putin says it’s ‘a profound mistake’ to treat Trump’s push for Greenland and its vast deposits of rare minerals as ‘some preposterous talk’

President Donald Trump has made U.S. control of Greenland a pillar of his second term’s burgeoning foreign policy.

28.03.2025 9

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Paolo Confino

Trump tariffs could gross $800 billion in the next decade, CBO head says—but that doesn’t account for the backlash

As the Trump administration continues its tariff policy there are still too many variables to measure its net effect on the economy.

28.03.2025 10

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Paolo Confino

Leaked text messages reveal the U.S. bombed the Houthis’ ‘top missile guy’ as he was ‘walking into his girlfriend’s building’

The newly released messages reveal how top U.S. officials planned military strikes against terrorists in Yemen.

26.03.2025 4

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Paolo Confino

Real America’s Voice: How a tiny pro-Trump news network founded by a convicted criminal got so close to the president

The channel covers Trump the president while doing business with a Trump company.

26.03.2025 10

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Paolo Confino

What is Trump really worth? What we know about his business wealth—from real estate to crypto to Truth Social

The president is worth at least $4.9 billion, and crypto assets like $TRUMP and World Liberty Financial could add billions more.

26.03.2025 30

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Tesla bull Cathie Wood says it isn’t just Elon Musk’s politics that are causing Tesla’s ‘demand hit.’ It’s also a bad economy

Earlier this week, Wood issued a major bull call on Tesla, expecting its stock to rise roughly 10 times over the next five years.

25.03.2025 3

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Paolo Confino

Ray Dalio, a China investment expert, will advise Indonesia’s new $900 billion sovereign wealth fund

Ray Dalio joins economist Jeffrey Sachs and a former Thai prime minister as special advisors to one of Asia’s biggest investment firms.

24.03.2025 2

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Paolo Confino

Olive Garden parent company shrugs off concerns of plummeting consumer confidence because restaurant goers continue ‘to treat themselves and splurge’

Despite missing analyst expectations, Darden Restauant’s stock popped as it forecasted a sales lift next quarter amid pessimism about the economy.

21.03.2025 10

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Paolo Confino

Amid a grimmer outlook from the Fed, there’s a lone, mysterious holdout predicting stronger economic growth

The Fed’s consensus for GDP growth dropped from 2.1% to 1.7% after its latest round of economic forecasts published Wednesday.

21.03.2025 4

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Paolo Confino

The Fed is expected to hold rates steady, as investors white-knuckle it through a brutal selloff and recession fears. ‘Policymakers aren’t providing any encouragement’

The Federal Reserve is expected to maintain interest rates at their current level.

18.03.2025 10

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Paolo Confino

Here’s when AI will launch a decade-long cycle of economic growth and productivity gains

The bank predicts that productivity and GDP gains will start two years from now in 2027 and continue through most of the 2030s.

15.03.2025 9

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Paolo Confino

Walmart’s answer to tariffs was to pressure Chinese suppliers to lower costs. A supply-chain expert says the Chinese government will not take that lightly

One of the ways Walmart plans to navigate tariffs on Chinese imports is by getting suppliers to lower their costs.

13.03.2025 6

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Paolo Confino

Police are barricading Tesla cars and dealerships as people rage against Elon Musk’s machines

Protests against Tesla CEO Elon Musk at showrooms have led to property damage and arrests.

10.03.2025 5

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Paolo Confino

Jerome Powell says the ‘net effect’ of the Trump administration’s policies on trade, immigration, fiscal policy, and regulation will determine interest rates in the future

The Fed chair reassured an audience at the University of Chicago the economy was in a “good place” despite “elevated uncertainty.”

08.03.2025 8

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Paolo Confino

Lagging SpaceX, Bezos’s Blue Origin brings in former Amazon execs to reinstitute a hard-charging culture

Bezos hired a slew of top execs from Amazon as he builds out his fledgling space exploration company.

06.03.2025 4

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Paolo Confino

Kroger CEO resigns from $150 billion grocery chain over ‘certain personal conduct’, forfeiting 2024 bonus

Kroger’s board announced it had convened an independent investigation that ultimately led to McMullen’s departure.

03.03.2025 10

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In full view of the world, Trump and Vance tell Zelensky he can’t win the war. He told them they’re naive for believing Putin

Trump and Vance tell Zelensky the U.S.'s allyship is Ukraine’s only bargaining chip in negotiating an end to the war. "You’re not winning this,"...

28.02.2025 2

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Paolo Confino

Nvidia will face off with investors demanding perfection as the ‘spigot of investment dollars’ gushes into AI

Investors want updates on DeepSeek and margins for Blackwell, in what is otherwise expected to be another excellent quarter.

25.02.2025 20

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Trump Media board approves an investment fund to explore acquisitions

Trump Media wants to add more businesses in what it calls the “America First Economy,” according to an SEC filing.

22.02.2025 20

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Paolo Confino

Trump Media sues a Brazilian judge who clashed with MAGA ally Jair Bolsonaro hours after ex-president was indicted for an alleged coup and assassination attempt

Trump Media alleges that Brazilian judge Alexandre de Moraes’s move to ban certain social media accounts that support former president Jair...

19.02.2025 6

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Paolo Confino

Markets are starting to view Trump as more of a ‘pushover’ on tariffs than a protectionist, UBS economist says

President Donald Trump announced his administration will study reciprocal tariffs, but stopped short of implementing them at this time.

14.02.2025 7

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Paolo Confino

The U.S. just hit its lowest score ever on an international corruption measure

The Corruption Perceptions Index ranks 180 countries across a myriad of anti-corruption metrics.

12.02.2025 3

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Paolo Confino

Fed chair Jerome Powell brushes off possibility Trump could fire Fed officials: ‘Well it’s pretty clearly not allowed under the law’

Lawmakers of both parties grilled Powell over the Fed’s recent decisions.

11.02.2025 5

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Paolo Confino

Congressman sponsoring DeepSeek ban says China has ‘tried many, many’ times to infiltrate the U.S. via software: ‘We’re right to be vigilant’

A bipartisan initiative wants to ban DeepSeek on government devices over national security concerns.

08.02.2025 6

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Paolo Confino

Is it safe to fly? Experts say yes. ‘Thousands of operations have occurred since the accident’

After two shocking crashes dented Americans’ confidence in air travel, aviation experts say it remains safe to fly.

03.02.2025 10

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Paolo Confino

Trump Media is quietly storing at least one of its data centers in a facility owned by a longtime Republican donor and media mogul

Trump Media often redacts the location of its data centers, but a footnote in a contract pointed to the location of one.

01.02.2025 10

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Paolo Confino

Activist investor Elliott Management says crypto is facing an ’inevitable collapse’ after its ‘perceived proximity to the White House’ inflated a bubble

The legendary activist firm warned that crypto is leading a market frenzy that has investors “acting like a crowd of sports bettors” by flocking...

01.02.2025 20

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Paolo Confino

The Fed is pausing interest rates as most investors expected — and stocks decline on the news

The Fed delivered on investor expectations and paused rate cuts for the first time in three meetings.

29.01.2025 5

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Paolo Confino

Trump Media expands into fintech and cryptocurrency — and the stock leaps

The president’s company will launch a fintech and investment platform called Truth.Fi to invest in ETFs and crypto.

29.01.2025 6

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Paolo Confino

Elon Musk gave the cold shoulder to Norway’s $1.4 trillion sovereign wealth CEO Nicolai Tangen after the fund snubbed the Tesla CEO’s pay package—twice

Musk texted Tangen it would be too “difficult and expensive” to travel to Oslo for a home-cooked dinner with other CEOs.

29.01.2025 70

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Wall Street defiant after brutal tech selloff. ‘Market reaction is overdone’

Analysts say U.S. tech stocks will rebound because DeepSeek’s success will spur more investment into AI.

29.01.2025 6

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Paolo Confino

The stock market gauge named after Warren Buffett just hit an all-time high, sending a warning worse than before the dot-com bubble burst

The metric, which compares the market cap of publicly traded companies to GDP, is higher than ever.

24.01.2025 10

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Paolo Confino

Stock market winners and losers on Trump’s second day in office

Overall, markets rose, as Trump eased investors’ fears about his line on tariffs.

22.01.2025 10

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Paolo Confino

Trump’s new memecoin and Trump Media stock are both plunging in a massive post-inauguration sell-off

Both assets have been accused of their value being disconnected from their financial performance.

21.01.2025 10

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Paolo Confino