Cohn's White House Departure Fires Up Trade War Angst
Peace proved fleeting in markets, as investors fretted that Gary Cohn leaving the Trump administration prunes it of a key source of stability, just as signs of a trade war are multiplying.
US stock futures erased two days of gains after the former Goldman Sachs Group, Inc. executive said that he was stepping down as President Donald Trump’s top economic adviser. For traders, it promised another round of turbulence after rising bond yields and protectionist threats caused share volatility to double over the last month.
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