as China imposes a raft of new retaliatory fees. The United States and China on Tuesday began charging additional port fees on ocean shipping firms that move everything from holiday toys to crude oil, making the high seas a key front in the trade war between the world's two largest economies. A return to an all-out trade war appeared imminent last week, after China announced a major expansion of its rare earths export controls and President Donald Trump threatened to raise tariffs on Chinese goods to triple digits.

beating all expectations. The firm reported $2.66 billion in investment banking fees, a 42% surge on the same period last year, and revenue of $15.18 billion, its largest haul for that quarter in its history. The firm reported $2.66 billion in investment banking fees, a 42% surge on the same period last year, the bank said Tuesday. That pace beat rivals and helped the company as a whole report revenue of $15.18 billion, its largest haul for that quarter in its history and its third highest overall for all quarters. Buy (GS) on dips.

Morgan beat analysts' estimates for trading and investment-banking fees, driven by a pickup in dealmaking and underwriting, with markets revenue climbing 25% and investment-banking fees rising 16%. The bank added $810 million to its reserves for potentially soured loans, citing loan growth and updates to macroeconomic variables, with most of the addition tied to card services. Buy (JPM) on dips.

as a long-anticipated oil surplus is finally starting to emerge and is likely to depress prices, some of the world’s top commodity traders said. Brent oil has slumped 11% since late last month as the Organization of the Petroleum Exporting Countries and its allies — as well as nations outside the group — pour barrels into a market that’s widely viewed as facing an excess. The forward curve that traders use to gauge market strength is also painting a bearish picture in the US next year. Avoid (USO).

from 3.2% for 2025, 3.1% for 2026. Firms are coping with substantially higher tariffs better than expected, despite rising inflation. The U.S.-China tariff war escalation is a 'significant risk' to global growth-IMF chief economist.