By Noel Randewich and Pranav Kashyap (Reuters) -Wall Street shares were mixed on Tuesday, with steep losses in General Motors and a gain in Tesla as investors focused on recent and upcoming quarterly reports and watched for signs of progress in U.

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Can US financial markets continue to ignore what’s happening in Washington with Federal Reserve chairman Jerome Powell and trade policy – and on Main Street?

Wall Street inched to another record following some mixed profit reports, as General Motors and other big U.S. companies gave updates on how much President Donald Trump’s tariffs are hurting or helpin

Early trading on Wall Street was quietly mixed as markets shift their attention toward a deluge of corporate earnings reports.

Markets had dismissed tariff risks under the assumption that Trump would follow an earlier pattern and back off, in what became known as the so-called TACO trade. That allowed stocks to reach new record-high territory recently, marking a stunning rebound from the collapse triggered by his “Liberation Day” reciprocal tariffs in April.

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On Wednesday morning, as markets worldwide shuddered on news that President Donald Trump was likely to fire Jerome Powell, James van Geelen at Citrini Research wasted no time in blasting a “macro trade” alert to his some 50,