Stocks in the U.S. were trading sharply lower by midday Monday, while gold and Bitcoin (CRYPTO: BTC) surged in tandem, as a renewed political storm surrounding Federal Reserve independence shook confidence in the U.S.
For decades, the two soda giants have produced the concentrate for their beverages in Ireland because of the country's low corporate tax rate. Now, there's a 10% import duty.
Investors are drifting towards companies that sell essential goods like groceries and household supplies, betting they will hold up better than other sectors amid ongoing economic uncertainty.
Defensive sectors offer stability during market downturns because they produce essential goods and services that remain in demand regardless of economic conditions.
Wall Street's recession sirens are blaring — and as traditional markets brace for impact, Bitcoin's (CRYPTO: BTC) defiant rally has investors asking: is this digital gold 2.0 or just fool's gold with better mark
The spread between the best and the worst performing sectors year to date has widened sharply to more than 19 percentage points, based on a set of ETFs.
