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The dollar has not been immune to the intense volatility that has gripped financial markets this year, particularly in the wake of President Donald Trump’s inauguration last January. That same month, the euro dipped as low as $1.02 amid speculation about potential parity between the two currencies. However, by mid-March, the euro staged a strong rebound, rising to $1.094. The latest blow came with last week’s announcement of the U.S. tariff policy, pushing the dollar down further. The currency is now trading at $1.10 per euro, marking a 6.25% depreciation...

For the second day in a row, the stock market plummeted, marking the worst week since March 2020.Tim Clarkson, Van Clemens financial firm stockbroker and vice president, wants to remind people the markets are volatile and going through difficult periods is a part of the process.Clarkson has been steering clients toward the best financial strategies for 40 years.“Clients have been really nervous now for the last two months, and even more nervous, obviously, when they see the stocks plummeting like this. It’s scary,” Clarkson said. “I’ve been through this many...

Getty Images; Chelsea Jia Feng/BI The stock market is in meltdown mode amid the trade war. Most advice in times like this is, "don't panic," but it can be hard to keep a cool head. Market pros say have some advice if you're worried about your portfolio amid the sell-off. The stock market just capped off a historic two-day plunge amid the panic caused by President Donald Trump's trade war. On Friday, The Dow Jones Industrial Average cratered by more than 2,200 points, the Nasdaq 100 ended in a bear...

Where does the money generated from tariffs go?The Trump administration predicts tariffs will generate billions of dollars, but where will that money go?Aerospace and defense manufacturer Textron lost the most ground in the sell-off.CVS may be the best positioned to weather a recession.Companies across industries saw earnings prospects sink on downturn fears.It's been a tough week on Wall Street and Rhode Island's biggest publicly traded companies have not been spared in one of the worst market sell-offs in years.The 10 largest publicly traded companies all saw their stock price fall...

What is Trump trying to accomplish with his tariffs? It is often unclear what the president’s endgame is, which adds to the uncertainty surrounding his trade wars. He has given different reasons for his sweeping import taxes, and sometimes they contradict each other.Trump has said that tariffs can raise money for the U.S. Treasury, protect U.S. industries, draw factories to the United States and serve as a negotiating tactic to get other countries to bend to his will, whether it means getting them to reduce their own tariffs or to...

President Donald Trump's new tariffs are affecting the stock market − including the share prices of Wisconsin-based companies.The market's Dow Jones Industrial Average on Friday plunged 5.5%, or 2,231.07 points, to 38,314.86 for its largest single-day decline since June 2020 during the pandemic.That followed a sharp decline on Thursday − bringing the index to around 15% below its record high and into a "correction." A correction is defined as at least 10% lower than a record high.The broad S&P 500 dropped 5.97%, or 322.44 points, to 5,074.08 to post its...

President Donald Trump’s sweeping tariffs on dozens of foreign trading partners have unleashed a rapid response abroad, as Europeans leaders urged negotiations while pondering retaliatory measures Thursday. Trump spoke of such negotiation requests in his Wednesday speech as he previewed the tariffs, saying, “To all of the foreign presidents, prime ministers, kings, queens, ambassadors, and everyone else who will soon be calling to ask for exemptions from these tariffs I say: Terminate your own tariffs, drop your barriers, don’t manipulate your currencies.” Donald Trump's message to Keir Starmer,"To all of...

People on Wall Street react to sinking stocks from tariffsPeople on Wall Street reacted to the stock market downturn from Trump's tariffs announcement with a mix of worry and optimism.Stock markets in the U.S. and around the globe have dropped since President Donald Trump introduced tariffs on most imports, causing Americans to rethink their financial investments.After the opening bell on Wall Street on April 3, the Dow fell sharply in early trading and did not rebound later in the day, mirroring global markets and adding to the jitters for many Americans.The...

The United States has revised downwards the import duties imposed on India, reducing them from 27  per cent to 26 per cent, according to a White House document. These new tariffs will come into effect from April 9. While announcing the reciprocal tariffs on Wednesday, President Donald Trump presented a chart displaying the tariff rates that countries such as India, China, the UK, and the European Union will now have to pay. According to the chart, India previously imposed a 52 per cent tariff (factoring in currency manipulation and trade...

The United States has revised downwards the import duties to be imposed on India from 27 per cent to 26 per cent, according to a White House document. These duties will come into force from April 9. While announcing the reciprocal tariffs against different countries on Wednesday, he held up a chart that showed the tariffs that countries such as India, China, the UK, and the European Union will now have to pay. The chart indicated that India charged 52 per cent tariffs, including currency manipulation and trade barriers, and...