Prices are set to surge as tariffs hit major exporter to US.
In initial after-hours trading, US stocks futures plunged more than 3% and oil slumped.
The greenback's slide is at risk of accelerating as worries on trade levies push investors out of US assets.
The proposed increase to the write-off would potentially be offset with reduced deductions to the amount corporations can claim on their state and local taxes, sources say.
Goldman, BofA among those sounding the alarm.
Wall Street strategists see Japanese currency as the best hedge.
Tax agency wants information on 14,000 of the crypto platform's users.
Despite small dips, mortgage rates remain elevated.
The investment advisor to the city's five pension funds, which have collectively lost more than $300 million amid the stock's 40% plunge, is calling for legal action.
The California-based asset manager is favoring diversification across international fixed income markets as it foresees "a multiyear period in which fixed income can outperform equities.
