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Stock Market

Dow futures fall over 200 points; Gold prices hover near record highs

US Stock Market Live: Stock futures on Wall Street began trading on a negative note on Sunday evening US time, as other global markets also return after a long weekend. Futures on the Dow Jones are down nearly 200 points, while those on the S&P 500 and the Nasdaq are down 25 points and 100 points respectively. Wall Street posted its seventh negative week in the last nine on Thursday. Watch this space for all the Live updates.US Stock Market Live: Stock futures on Wall Street began trading on a...
Currencies

Should the US Be Worried? – The Diplomat

A decade ago, a traveler from Singapore visiting Bangkok or Jakarta would likely rely on U.S. dollars or a global credit card to settle the bill. Today, things are changing. A Malaysian tourist in Thailand can pay for street food by scanning a QR code, with money instantly debited from their account in ringgit and credited to the vendor in baht. Such small conveniences are part of a broader, quiet revolt in Southeast Asia – a concerted effort by regional governments to reduce their reliance on the U.S. dollar in...
Stock Market

50501 Movement protests vs. Trump, Musk, tariffs planned in Oregon

Video: Scenes from protest in EugeneCrowds of thousands of people showed up Saturday for a protest outside the Eugene City Hall.Hundreds of protests organized by the 50501 Movement are planned nationwide on April 19, including several in Oregon.The protests aim to address concerns about the Trump administration, including cuts by the Department of Government Efficiency, stock market impacts, immigration and cost of living.The 50501 Movement is a grassroots initiative started on social media, advocating for sustained resistance against the Trump administration.Hundreds of protests are planned across the country April 19...
Stock Market

Anti-Trump protests in U.S. near 700 on Saturday; see why, where in NJ

Protesters in Toms River rally against Trump policies: 'Hands Off'Demonstrators gathered in front of the U.S. Department of Veterans Affairs building on Hooper Avenue to express their concerns about Trump's policies.Hundreds of protests are planned across the country Saturday to push back against what organizers and supporters argue is a dangerous Trump administration.Organized by the 50501 Movement, a grassroots initiative born on social media, nearly 700 protests are planned April 19 as a "sustained resistance in order to make a difference." The group is hoping to keep the momentum following...
Upcoming Investments

Whitmer slams Trump tariffs in DC speech, discusses economy

Gov. Gretchen Whitmer agrees with Donald Trump on manufacturing, not widespread tariffsMichigan’s Governor Gretchen Whitmer delivered a speech in Washington, D.C. for “Build, America, Build."Michigan Gov. Gretchen Whitmer criticized President Trump's tariff policy as a "blunt tool" that threatens economic "paralysis".Whitmer advocated for a strategic approach to re-industrialization, focusing on industries like shipbuilding, aircraft manufacturing, and semiconductor chips.She highlighted the negative impact of tariffs on Michigan's auto industry, citing job losses and higher costs.Gov. Gretchen Whitmer on Wednesday blasted President Donald Trump's indiscriminate use of import tariffs as threatening economic...
Currencies

Ringgit ends marginally higher amid global trade tensions

KUALA LUMPUR: The ringgit closed marginally higher against the US dollar today, driven by a weaker greenback amid global trade tensions, said an analyst. Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the situation with the US tariff remains highly fluid as Chinese president Xi Jinping visited the Asean countries this week. “The weakening of the greenback was surprising as the US dollar, a safe-haven currency, would normally thrive during heightened uncertainties. “Such dynamics would complicate how traders and investors would position themselves in times like this,” he told...
Upcoming Investments

‘When Markets Crash, New Investments Stop, Consumers Stop Spending Money’

Bill Ackman has outperformed the stock market over the past five years with Pershing Square Capital Management. The hedge fund chief was an advocate for Donald Trump during the campaign but doesn't agree with the president's stance on tariffs. Stock market participants have been fleeing the market amid tariffs. The president's reciprocal tariffs scared investors the most, causing the Nasdaq Composite to plunge by more than 10% from between April 2 and Friday. "When markets crash, new investments stop, consumers stop spending money," Ackman said in an X post. Don't...
Currencies

Battered dollar drifts lower on tariff nerves

The dollar drifted lower on Monday after an early bump off a three-year low, as investor confidence in the world’s reserve currency remained in question following a stream of tariff-related pronouncements from US President Donald Trump.Investors braced for another volatile week as Trump’s imposition and then abrupt postponement of tariffs on goods imported to the US continued to sow confusion.The dollar reversed early gains as the Asian trading session got under way, languishing near a 10-year low against the Swiss franc at 0.8188.Sterling held to most of its 1.7 per...
Currencies

As the US dollar weakens, could the euro take its place globally?

The US dollar has been the anchor of the global financial system for decades now. But in recent weeks, market behaviour has started to tell a different story. As President Donald Trump continues to double down on tariffs and policy threats, capital is beginning to move elsewhere. What used to be as the safe haven currency is now treated as a liability. And while investors are losing their confidence in the dollar, the euro is moving in the opposite way. You don’t usually see that outside of wars or financial crises. But now,...
Stock Market

‘Celebrating Causing China’s Stock Market To Go Down, By Causing Our Own Stock Market To Go Down?’

Kimbal Musk, Tesla (NASDAQ:TSLA) board member and brother of CEO Elon Musk, has gone public with sharp criticism of President Donald Trump’s trade policies, calling tariffs a “structural, permanent tax on the American consumer” and accusing Trump of celebrating economic self-sabotage. “Mmm.. Celebrating causing China’s stock market to go down, by causing our own stock market to go down? Maybe this is why Trump brought back the R word.” Kimbal posted on X, in response to a message from Trump touting the impact of U.S. tariffs. UNLOCKED: 5 NEW TRADES...
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