Institutional investors who trade through Bank of America are pulling money from U.S. stocks at the fastest pace on record, according to a closely followed survey produced by a team of strategists at the bank.
The cost of imports rose faster than usual in February, perhaps a result of U.S. companies rushing to bring in foreign goods ahead of President Donald Trump’s tariffs.
Elon Musk, the chief executive of Tesla and SpaceX and the brainchild behind the Department of Government Efficiency, went onto Sen. Ted Cruz’s podcast to discuss what he’s learned in Washington.
RBC Capital Markets cut Tesla’s expected price mark to $320 from $440 on lower projections for robotaxi and self-driving software.
Trump campaigned on bringing prices down. If tariffs spike inflation and slow U.S. growth, his popularity could suffer.
Oil futures rose Tuesday, on track for a third straight gain, as investors monitored rising Middle East tensions following U.S. attacks on Iran-backed Houthi rebels in Yemen over the weekend that drew threats of retaliation.