During Donald Trump’s first term, investors came to believe that his administration’s focus on tax cuts and deregulation would ultimately overwhelm his unpredictable tendencies. This time, it’s different.
Donald Trump’s tariff policy threaten to blow apart international economic relations but the disruption of supply chains mean higher costs for everyday consumers.
Policymakers are racing to catch up with the rapid rise of stablecoins — a version of cryptocurrency that rarely fluctuates, is backed by cash or government bonds and run on public blockchains.