Bloomberg US equity futures slumped and stocks declined across Europe and Asia as investors prepared for the next phase of the escalating trade war between America and China. The yuan tumbled, while Treasuries rallied. Contracts on the S&P 500, Dow Jones Industrial Average and Nasdaq 100 indexes all slid, pointing to a big drop at the US open, as President …

Bloomberg India stocks plunged in a last-hour selloff as investors weighed positions ahead of the national election results due next week and as escalation in the trade war between the US and China remained an overhang on the region’s risk assets. The S&P BSE Sensex dropped 1 percent, after fluctuating between gains and losses for most of the session. The …

Bloomberg Federal Reserve officials are speaking out about rising inequality and the harm it does the US economy, but most still hesitate to say monetary policy can do much to help. Neel Kashkari is starting to sound like an exception. Since becoming president of the Minneapolis Fed in 2016, he’s been a consistent dove, arguing for keeping interest rates lower …