Donald Trump is in command - to the detriment of global financial markets.

100 days of destruction:Trump’s first three months are a sea of red ink

Donald Trump’s second time in the White House has produced the worst 100 days for financial markets in half a century.

  • Stephen Bartholomeusz

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Trump’s “Liberation Day” now seems like an aeon ago.

The Trump administration is just making it up as it goes

Donald Trump’s backflips on his astronomical China tariffs and firing Fed chair Jerome Powell show that markets can protect the world from his worst instincts – to some extent.

  • Stephen Bartholomeusz
Trump cannot simply announce a partial freeze on tariffs and expect investors in the bond market to forget that he ever declared a global trade war.

Trump’s trade war could blow up the IMF and World Bank

Meetings of two of the world’s key multilateral organisations this week will be overshadowed by the prospect that the US will withdraw from the institutions it helped create.

  • Stephen Bartholomeusz
President Donald Trump,the First Lady and the Easter Bunny at the annual egg roll at the White House.

Hegseth has bounced into another hot mess but Trump seems inclined to sack the wrong guy

Rather than taking a hard look at his troubled defence secretary,the president is studying how he could fire the Federal Reserve chairman for failing to cut interest rates.

  • Michael Koziol
Jerome Powell and his officials hold rates steady as they resist Donald Trump’s calls to cut borrowing costs.

Regulators warned the US bond market was vulnerable. Trump is proving them right

The world’s traditional havens in times of stress have themselves become sources of stress.

  • Stephen Bartholomeusz
Stagflation would be the ugliest outcome for which ever party wins government.

What is stagflation,and why are we talking about it again?

The US President’s tariff war has brought back fears of stagnation and inflation,but why is it sending gold prices through the roof?

  • Nick Newling
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Federal Reserve chair Jerome Powell speaks during an event hosted by the Economic Club of Chicago.

Jerome Powell says Trump’s tariffs are a threat to inflation and jobs

The US Federal Reserve Board’s usually cautious chairman says Trump’s tariffs will lead to higher inflation and lower US economic growth. That won’t go down well in the White House.

  • Stephen Bartholomeusz
Vice President J.D. Vance and President Donald Trump.

As an American,I have never been more afraid for my country’s future

The world is now seeing Donald Trump’s America for exactly what it is becoming:a rogue state led by an impulsive strongman disconnected from the rule of law.

  • Thomas L. Friedman
Opposition Leader Peter Dutton kicking a footy with kids in Darwin.
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ELECTION 2025 Week 2

We follow the politicians on the campaign trail.

Trump is making life very difficult for an old enemy

Fed chair Jerome Powell has,not for the first time,found himself between a rock and a hard place. It didn’t have to be like this.

  • Stephen Bartholomeusz