The US Dollar Index has fallen 8% since the start of the year, putting the currency at its lowest point in three years. It may have further to fall.
The New York-headquartered bank said six employees would be leaving the firm and the rest of the office's staff would be relocated.
The Harvard University economist said the odds of a recession had risen "sharply" because of slumping consumer confidence amid the tariff chaos.
The US runs a huge surplus in services, which helps explain why they weren't subject to President Donald Trump's tariffs.
Tech
2025-04-23T09:56:04Z
Elon Musk's net worth passed the $300 billion threshold on Tuesday after Tesla stock closed higher. He plans to step back from his DOGE role in May.
The Goldman Sachs CEO told CNBC that a "road map and a clear understanding as to where we're going" on tariffs would help stock markets recover.
Former Treasury Secretary Larry Summers said the US was facing a situation "almost unprecedented in our financial history."
Matthew Rutherford spends one day a week studying for a qualification in carpentry and joinery and the other four working for his employer.
President Donald Trump likened the US to a department store, and said that any country opposed to its tariff rate could just decide not to shop there.
Russian oil is trading at about $50 a barrel. That's well below Moscow's forecasts, but not low enough to force Vladimir Putin into major policy shifts.
Goldman Sachs thinks gold could reach $3,700 an ounce by the end of 2025 because the metal was "uniquely positioned to hedge recession risk."
LVMH shares fell sharply in Paris on Tuesday after the French luxury conglomerate reported a slide in first-quarter results.
Gold hit $3,200 for the first time on Friday. Wei Li, chief investment strategist at BlackRock, said it was a "better diversifier" than Treasury bills.
China accused the US of "unilateral bullying and coercion" as it announced fresh tariffs on Friday morning.
President Donald Trump's abrupt pause on sweeping tariffs sent stocks soaring, with airlines and chip companies seeing some of the biggest gains.
Pimco cofounder Bill Gross said the market "crash" would affect millennial and Gen Z investors and result in "more conservative attitudes."
Donald Trump paused most of his tariffs Wednesday, sending ripples through the business community.
Investors often flock to assets such as gold, the dollar and Treasurys in troubled times, but some may be losing their allure amid the market turmoil.
A spike in US Treasury bond yields in recent days has sparked market fears that America's safe-haven status could be under threat.
"Everybody's got an opinion" on Trump's tariffs, Stephen Miran, the head of the White House Council of Economic Advisers, said.