All posts tagged "Wall Street"

With President Donald Trump’s tariffs already being felt across the American economy, the president has told Americans to be patient, and that his trade policy would soon usher in a resurgence of domestic manufacturing jobs.

And yet, as job growth slows and prices tick up, Trump’s promise to reshore domestic manufacturing has not only not come to fruition, it appears to be “going in the wrong direction,” according to one analyst who spoke with the Washington Post Saturday.

“We aren’t even seeing the beginnings of a tariff-related recovery in manufacturing,” said Den Baker, an economist and co-founder of the Center for Economic Policy Research in Washington, speaking with the Washington Post. “You don’t expect to see it overnight. But it’s going in the wrong direction.”...

Financial analysts with Wall Street firm Morgan Stanley believe that Elon Musk's very public feud with President Donald Trump was calculated to gain "maximum" attention for his opposition to the "big, beautiful bill," according to Investing.com.

Market reporter Sam Boughedda wrote Tuesday, "Morgan Stanley analysts believe that Elon Musk’s recent public communication 'campaign'...is 'likely part of a planned strategy by Elon to achieve a specific goal with his approach designed to bring maximum public attention to the issue.'"

Before the friendship completely imploded last week, Musk wrote on his social media platform, "This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination."...

Rep. Eric Swalwell (D-CA) made a not-so-subtle dig at Donald Trump's new nickname given to him by Wall Street investors upset over the market volatility caused by the president's on again-off again tariffs.

The derogatory term " TACO" — which stands for "Trump Always Chickens Out" — is reportedly used by Wall Street bankers who have started betting against the president after noticing the market manipulation that has resulted from Trump imposing, then backing off his tariffs.

In a video posted to his social media, an apparent staffer approaches Swalwell and asks, "Hey, Congressman...What the f--- is up with Trump always chickening out on tariffs?" ...

President Donald Trump's desire to punish Harvard University at all costs for defying him on MAGA culture issues is causing headaches among Wall Street's private equity firms and hedge funds, according to a report in The New York Post.

In addition to barring the Ivy League university from admitting international students, Trump has pulled billions of dollars in federal funding and is seeking to cancel contracts the school negotiated with the federal government.

"On The Money's" Charles Gasparino, a Fox Business reporter, claimed that Trump's retaliation has Wall Street investors predicting "a huge hit to their businesses."...

President Donald Trump's most problematic business loan has him "deeply underwater" and scrambling to pay the exorbitant mortgage, with Forbes declaring that how he handles the situation "will reveal a lot about his current financial standing—and how politics is shaping it."

The building in question is 40 Wall Street, and the $115 million mortgage on the skyscraper is due in a mere 46 days, according to senior editor Dan Alexander.

"The president currently pays $2.5 million a year in ground rent, but that expense is set to skyrocket to an estimated $16 million in 2033, potentially wiping out all of his $9 million of operating income," according to the report. "As a result, the asset is now worth about $85 million, according to Forbes estimates, or $30 million less than the remaining balance on the loan....

A new report in Politico claims that one of President Donald Trump's closest confidants, Commerce secretary Howard Lutnick, is considered a pariah among MAGA supporters who "are openly trash talking him to the boss, hoping he gets canned."

Reporters Rachael Bade and Megan Messerly wrote, "talk to almost any Trump ally outside the White House and you’ll hear scant praise for the Commerce secretary. He’s brash and impulsive, catering to Trump’s worst instincts on tariffs that could jeopardize the economy, they whisper. His loud mouth is equally matched by his bad judgment, they steam."

But the complaints amount to little more than "wishful thinking," the report said, due to Lutnick's unusually close relationship with the president. Lutnick, himself, has referred to the 30-year friendship with Trump as his "superpower."...