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Paolo Confino

Paolo Confino

Fortune

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Fed meets as policymakers are expected to assert their independence amid Trump’s pressure

After a turbulent spring, investors will be watching this latest Fed meeting to see if Chair Jerome Powell will offer any hints about whether the...

latest 20

Fortune

Paolo Confino

Fed meets as policymakers are expected to assert their independence amid Trump’s pressure

After a turbulent spring, investors will be watching this latest Fed meeting to see if Chair Jerome Powell will offer any hints about whether the...

yesterday 10

Fortune

Paolo Confino

At FIFA’s Club World Cup, the real prize is America’s attention

As the United States prepares to host the revamped 32-team FIFA Club World Cup, executives from Europe's top teams see an opportunity to definitively...

14.06.2025 10

Fortune

Paolo Confino

Carvana cofounders say their opposite personalities helped drive their company’s success

Garcia and fellow cofounder Ben Huston have opposite personalities. The CEO says that is “tremendously important” to their success.

13.06.2025 4

Fortune

Paolo Confino

Recurring jobless claims spike to highest level since 2021 at 1.96 million

The numbers indicate unemployed people are taking longer to get back into the job market.

12.06.2025 4

Fortune

Paolo Confino

Why planning for the CEO’s replacement is a crucial part of Blackstone’s portfolio strategy

“We think about succession planning day one,” says Blackstone senior managing director Courtney della Cava.

11.06.2025 10

Fortune

Paolo Confino

Google exec says every company needs these 2 types of AI talent

Tech companies want people who excel at building AI systems, and leaders who are adept at utilizing them.

10.06.2025 20

Fortune

Paolo Confino

BlackRock CEO Larry Fink says leaders have to be ‘much more guarded’ about what they say because of social media and populism

Fink said the level of public scrutiny was the biggest change leaders had to contend with over the past 30 years.

06.06.2025 4

Fortune

Paolo Confino

Trump Media files for Bitcoin ETF with SEC as company continues to entrench itself in the crypto world

The company and the man whose name it bears, President Donald Trump, continue to strengthen their ties to crypto.

06.06.2025 10

Fortune

Paolo Confino

Markets stall after ADP releases dismal jobs report; dollar continues slide with another 0.4% drop

A disappointing private sector jobs report has investors on edge about whether tariffs will start to hit the labor market.

05.06.2025 10

Fortune

Paolo Confino

A Chinese couple was arrested at an airport for smuggling a fungus, considered a biological pathogen, hidden in a wad of tissues

Zunyong Liu was coming to the U.S. to visit his girlfriend, Yunqing Jian, a researcher at the University of Michigan, where he hoped to use her lab to...

04.06.2025 3

Fortune

Paolo Confino

Arnold Schwarzenegger tells climate activists to ‘stop whining’ because they don’t have any support from the White House. ‘Sometimes problems need to be solved by the people’

Arnold Schwarzenegger urged environmentalists to take action regardless of whether political leaders felt climate change was important.

03.06.2025 3

Fortune

Paolo Confino

Syrian stock exchange reopens after a 6-month hiatus as part of U.S.-led push for a new free market economy

Stock trading resumed in Damascus after a six-month pause that began in December.

02.06.2025 10

Fortune

Paolo Confino

Chinese EV exec says China rollout of Tesla’s self-driving tech is a ‘DeepSeek moment’ for autonomous vehicles

XPeng president Brian Gu said Tesla’s release of self-driving tech in China gave Chinese and U.S. companies the chance to compete side-by-side, just...

31.05.2025 10

Fortune

Paolo Confino

Malaysia will work with both the U.S. and China in developing AI, says top minister

During a summit of ASEAN and Gulf countries a top Malaysian official said the country “did not need to choose sides.”

28.05.2025 50

Fortune

Paolo Confino

Bitcoin touches all-time high and Treasury yields cross 5% again

Bitcoin soared to record levels before dropping like a stone later in the day. U.S. equities saw their positive streak cut short.

22.05.2025 5

Fortune

Paolo Confino

Fed’s Bostic sees one rate cut in 2025 because it will take 6 months to assess tariffs’ economic impact

The size and scope of the tariffs caught the Fed and businesses off guard, Bostic said.

19.05.2025 2

Fortune

Paolo Confino

Despite the V-shaped recovery, U.S. stocks still lag behind the rest of the world in 2025

Stocks from across the world soared so far this year, while U.S. equities finally reversed the downturn from Trump’s tariffs.

16.05.2025 6

Fortune

Paolo Confino

The Trump Organization has been approved for a $1.5 billion golf resort in Vietnam

The real estate development would include a golf resort, hotel, and residential buildings.

16.05.2025 3

Fortune

Paolo Confino

Two bullish signs: S&P 500 tips positive for the year and the Nasdaq sees a successful IPO

After a tumultuous April, U.S. stocks slowly started to turn around and the fintech company eToro had an excellent first day of trading.

15.05.2025 10

Fortune

Paolo Confino

Japanese carmakers slash profit outlooks as they face down U.S. tariffs and Chinese EVs

Toyota and Honda cut their annual forecast by double digits. Nissan declined to issue one for the time being.

14.05.2025 20

Fortune

Paolo Confino

After the U.S. and China pause tariffs, rare mineral exports are now in the spotlight for future trade deals

China both wants to use its dominance of rare mineral mining as leverage, while at the same time proving to U.S. companies it can be a reliable...

12.05.2025 3

Fortune

Paolo Confino

U.S.-China trade talks will shed light on the end goal for tariffs

The world’s two largest economies will hold official trade talks this weekend.

10.05.2025 4

Fortune

Paolo Confino

Ampere CEO sings Amazon’s praises on chips because it ‘has an outstanding team’

Renee James, CEO of semiconductor designer Ampere, said Amazon’s team had the benefit of having worked on many iterations of chips together.

08.05.2025 30

Fortune

Paolo Confino

S&P 500 snaps 9-session winning streak, closes down 0.6%

Markets stumbled again on Monday after an extended rally from the selloff incurred by Trump's tariffs.

06.05.2025 7

Fortune

Paolo Confino

Warren Buffett credits Apple CEO Tim Cook with making ‘a lot more money than I’ve ever made’ for Berkshire Hathaway

Apple was a rare tech investment for Buffett, who always preferred to think of the iPhone maker as a consumer goods company.

05.05.2025 9

Fortune

Paolo Confino

Silicon Valley has been trying to shake up defense contracting for years. With Trump, they have a willing audience

As defense startups proliferate, they look to the Pentagon for contracts—while encouraging it to reform itself.

03.05.2025 5

Fortune

Paolo Confino

Exclusive: TikTok bidder calls $600 million EU fine latest example in ‘avalanche of evidence’ social media companies control too much user data

An Irish regulator fined TikTok for breaching laws meant to safeguard users’ personal information.

03.05.2025 5

Fortune

Paolo Confino

Inside Washington’s tech summit, Silicon Valley’s elite gently make the case for skilled immigration to keep an edge in the AI arms race

At a gathering of policymakers and Silicon Valley executives, the need for the U.S. to maintain its “edge” by attracting the world’s best...

02.05.2025 8

Fortune

Paolo Confino

Architect of Trump’s tariff policy doesn’t see ‘immediate change’ to China tariffs

Chair of the Council of Economic Advisers Stephen Miran said tariffs on China would remain in place.

01.05.2025 10

Fortune

Paolo Confino

Jensen Huang says all companies will have a secondary ‘AI factory’ in the future

Companies will build autonomous vehicles and provide the AI needed to power them, the Nvidia CEO said.

30.04.2025 7

Fortune

Paolo Confino

U.S. stocks rebound late in the day to finish positive after earlier drawdowns

Investors are still looking to potential trade deals to offer some certainty moving forward.

29.04.2025 20

Fortune

Paolo Confino

Scott Bessent says it’s China’s responsibility to ‘de-escalate’ trade war

The U.S. has an escalation plan in its ‘back pocket’ that it doesn’t want to have to use, Bessent said.

28.04.2025 10

Fortune

Paolo Confino

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.

24.04.2025 20

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.

24.04.2025 6

Fortune

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

Fortune

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 5

Fortune

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

Fortune

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 4

Fortune

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

Fortune

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

Fortune

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

Fortune

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

Fortune

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

Fortune

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 3

Fortune

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

Fortune

Paolo Confino

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

Fortune

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

Fortune

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

Fortune

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

Fortune

Paolo Confino