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Paolo Confino

Paolo Confino

Fortune

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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.

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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 3

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

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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

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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

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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

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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

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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 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

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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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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

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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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Paolo Confino

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

Fortune

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

Fortune

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

Fortune

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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Paolo Confino