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Paolo Confino

Paolo Confino

Fortune

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Fed officials grow more outspoken—and split—over interest rate cuts

Some officials want a July cut to protect the labor market, while others want to wait because they anticipate more inflation coming.

18.07.2025 10

Fortune

Paolo Confino

The safety net companies put in place for themselves to stave off higher prices induced by tariffs is fraying

Companies stockpiled inventory before the tariffs. Now economists wonder when those reserves will be depleted.

17.07.2025 2

Fortune

Paolo Confino

Trump’s Coca Cola post tanked share prices for high fructose corn syrup makers 

Shares for Archer-Daniels-Midland and Ingredion both fell at least 6% in after hours trading.

17.07.2025 1

Fortune

Paolo Confino

Markets have a frenzied day after rumors Trump might fire Jerome Powell

Stocks plummeted when a series of reports indicated president Donald Trump was close to firing the Fed chair. They soared once he denied them.

17.07.2025 3

Fortune

Paolo Confino

Trump admin’s attacks on Powell over $2.5 billion Fed renovation hinge on ‘VIP dining rooms’ and procedural grounds with an obscure gov agency

The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.

15.07.2025 2

Fortune

Paolo Confino

Wall Street sees 35% Canada tariff as just a negotiation tactic: ‘Tariffs are Trump’s hammer for every nail’

President Donald Trump announced a new set of duties on Canadian goods that were not covered by existing sectoral tariffs.

12.07.2025 6

Fortune

Paolo Confino

Wall Street’s advice after Nvidia hits historic $4 trillion market cap: BUY

Investors still only see upside for Nvidia as the poster child for the AI boom.

10.07.2025 7

Fortune

Paolo Confino

There’s a ‘growing risk’ Fed will have to cut interest rates by 50 basis points in December to ‘catch up’ to a sagging labor market, Oxford Economics

Interest rate cuts could mean the economy is in the clear after the spring’s recession fears—or the labor market suddenly collapsed.

10.07.2025 10

Fortune

Paolo Confino

Nvidia makes history with $4 trillion market cap while markets brush off tariff worries

Stocks rose after a short two-day dip.

10.07.2025 4

Fortune

Paolo Confino

Markets are ignoring the latest round of Trump’s tariffs, but ‘at some point the rubber has to hit the road,’ UBS strategist says

Since cratering in April, stocks have rebounded, even as the White House gears up for more tariffs.

08.07.2025 4

Fortune

Paolo Confino

Stocks soar on Vietnam trade deal as the S&P touches a new intraday high

The U.S. stock market continued to recover from the doldrums of earlier in the year, pushing itself to new heights.

02.07.2025 5

Fortune

Paolo Confino

ECB president Christine Lagarde says stablecoins will lead to the ‘privatization of money,’ undermining central bankers ‘public good’

Stablecoins risk undermining central banks’ ability to conduct monetary policy. They’re also becoming increasingly popular among investors.

02.07.2025 10

Fortune

Paolo Confino

Dow soars almost 400 points as investors rotate out of tech and eye Europe

Investors in the U.S. continued the recent trend of shifting their portfolios to favor European stocks, as the dollar weakens and the euro rises.

01.07.2025 8

Fortune

Paolo Confino

Jerome Powell says Fed would have lowered rates already if it weren’t for tariffs

After the widespread uncertainty caused by the tariff policy, Powell said the Fed decided the "prudent thing to do is to wait."

01.07.2025 10

Fortune

Paolo Confino

Fed official sees July rate cut ‘unlikely,’ sticking with Powell’s view that coming months will be moment of truth for tariffs’ effect on inflation

Officials at the Federal Reserve believe the impacts of Trump’s tariffs on the economy will start to appear this summer.

01.07.2025 20

Fortune

Paolo Confino

The S&P 500 flirts with it’s all-time high, oil futures rise 1.4% after Middle East ceasefire

Despite a raft of problems from the Middle East to domestic tariff policies, markets seemed to welcome the fact things are comparatively settled.

25.06.2025 5

Fortune

Paolo Confino

The Fed won’t lower rates like Trump wants because it sees ‘meaningful’ inflation spike later this year

Fed Chair Jerome Powell told Congress he expects an inflation surge—but how long and how high is unknown.

24.06.2025 4

Fortune

Paolo Confino

Jerome Powell says Fed is ‘on alert’ for possible Iranian cyber attacks because ‘we’re a target as well’

Hackers connected to the Iranian government have a history of trying to attack U.S. government agencies and the financial sector.

24.06.2025 8

Fortune

Paolo Confino

Tech bull Dan Ives predicts Tesla’s robotaxi launch will catapult the company to a $2 trillion market cap, almost double its current value

Tesla is expected to launch its robotaxi program in Austin this weekend.

21.06.2025 4

Fortune

Paolo Confino

The Fed holds interest rates steady and forecasts two rate cuts for 2025

Faced with a blurry forecast for the U.S. economy, the Federal continued its pattern of keeping interest rates at their current levels.

18.06.2025 4

Fortune

Paolo Confino

Stocks are flat, as the Fed’s latest forecast flirts with stagflation

The Federal Reserve’s quarterly projection included lower growth, higher inflation, and maintained its previous expectation of two interest rate cuts.

18.06.2025 5

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...

18.06.2025 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...

17.06.2025 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 3

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