Trump had vowed to impose heavy levies due to Russian oil imports.
Digital asset traders have refocused their attention in cryptocurrencies.
Investments fell by $20.5 billion, or 36%, in the first half of the year.
Bank strategists cite growing optimism following Jackson Hole remarks, though earnings, sales trends, and tariff risks could make or break the small-cap rally.
The National Economic Council Director said "a thorough search process" is underway as Jerome Powell's term is set to expire in May next year.
Although Fed is expected to cut rates soon, the outlook remains uncertain.
Fed hints at cuts ahead but the economy will determine the extent.
Fidelity, T. Rowe Price among those expecting outperformance.
Brokerage started with a $200K loan, Franklin Templeton bought it for $4.5B.
Selloff in big tech has halted US stocks’ record-breaking rally.
