President Trump on Wednesday said he would be sending letters to over 150 countries as he plans a barrage of duties to take effect Aug. 1, including levies on pharmaceutical imports and semiconductors.

President Donald Trump is readying plans for industry-specific tariffs to kick in alongside his country-by-country duties in two weeks, ramping up his push to reshape the US’s standing in the global trading system by penalizing purchases from abroad.

Charles Schwab said a surge in trading activity by its brokerage customers helped lift second-quarter profits by 60%. The company joined other banks and brokers in benefiting from a busy and volatile spring marked by investors’ reaction to President Trump’s ongoing trade war.

The S&P 500 and Nasdaq Composite ended little changed on Friday, overcoming a brief dip triggered by a Financial Times report indicating U.S. President Donald Trump was pushing for steep new tariffs on European Union products.

The boost in June was driven in part by a 1.2% rise in sales of autos and auto parts. Clothing sales also saw a significant increase of 0.9%. Categories including personal care, sporting and hobby

M said it expects a gross tariff impact of 20 cents a share for the full year, down from its prior projection of 60 cents a share, thanks in part to easing trade tensions between the U.S. and China. CEO Bill Brown said most of the materials maker’s tariff costs are related to China,

Tesla Stock Heads for Weekly Gain. Why This China Graphite Tariff Could Affect EV Prices.

The steady decline of the dollar under President Donald Trump has led to a lot of hyperventilating about its role as the global reserve currency and threats posed by alternatives like the euro or whatever the BRICs have cooking.

"This is what the beginning of a new bull market looks like," Morgan Stanley's CIO said, adding that earnings look resilient and stocks should rally.