Top ECB Official Slams Trump’s Trade Approach As ‘Lose-Lose,’ Urges De-escalation

One of the European Central Bank’s top officials, Francois Villeroy de Galhau, reportedly urged a de-escalation in ongoing trade tensions to avoid a spiral of elevated tariffs. According to a Bloomberg report, Villeroy, the chief of France’s central bank, said Trump’s trade policies dampened economic growth, including for the U.S., and threatened to undermine financial…

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Asian Markets Mixed as Diverging Tariff Signals Weigh

Asian stock markets struggled to extend a relief rally on Thursday, with U.S. futures pointing lower as markets grappled with mixed signals on tariff developments between the U.S. and China. The Trump administration is considering slashing steep tariffs on Chinese imports—in some cases by more than half—in a bid to de-escalate tensions with Beijing, The…

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Here’s why Capital One and other banks took ‘rainy day’ money off their balance sheets

Capital One Financial Corp.’s customers continued to spend last quarter, and the company ended up releasing money it had set aside for losses on loans. In doing so, Capital One joined Synchrony Financial American Express Co. and other financial firms in sending a confident signal about the health of their businesses. Despite big swings in…

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