archiveDonald Trump

Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. Following President Donald Trump’s announcement of global tariffs during his April 2 “Liberation Day” speech, stock markets around the world plunged sharply. The S&P 500 suffered its most significant one-day drop since the COVID-19 pandemic, while the Dow Jones Industrial Average fell 1,500 points on back-to-back days, marking the steepest decline in its 127-year history. Then on Wednesday, Trump partially backtracked, pausing certain tariffs for 90 days (with the...

Stock market uncertainty from President Donald Trump’s tariffs has even casual investors anxiously watching the VIX, commonly called Wall Street’s panic index or fear gauge.The Chicago Board Options Exchange Volatility Index – known as VIX – measures market expectations of stock price changes over the next 30 days, according to Cboe Global Markets, which manages the index.Investors use it to anticipate how stocks will react in stressful economic times, including those caused by tariffs. If VIX activity goes up, the stock market will probably go down.On April 7, the index...

BENGALURU: Asian currencies rose against the dollar on Friday as US President Donald Trump’s tariffs on trading partners prompted a rush out of the world’s reserve currency, though stocks remained subdued on lingering tariff concerns. The US dollar index fell below 100 against a basket of major units for the first time since July 2023 as investors ditched US assets for other safe-havens like the Swiss franc, yen, euro and gold. Singapore’s dollar firmed to its highest level in more than five months, while Malaysia’s ringgit appreciated by 0.7%. The...

President Trump’s tariff regime has rocked investor confidence in what has long been considered not only a safe bet for investors, but a bedrock of the American economy: US Treasury bonds. The longstanding perception that Treasurys are a “risk-free” place to park money — a perception that has long been crucial for the US government, businesses and consumers alike to keep borrowing costs low — is being eroded as Wall Street struggles to make sense of Trump’s strategy, according to experts. “Put simply, the US long-bond rate — the Treasury...

Donald Trump bragged that his friend and investor Charles Schwab made two billion dollars from the current stock market chaos.In a video posted to X on Wednesday, 9 April, the president introduced NASCAR drivers to the founder and chairman of Charles Schwab Corporation, a multinational financial services company.“It’s not just a company, it’s actually an individual,” Trump told the racing drivers.The president added that Schwab “made two and a half billion today” from the stock market.The market has experienced dramatic fluctuations since Trump announced historic reciprocal tariffs on foreign nations...

Currency volatility across the region has jumped ever since the larger-than-expected new US tariffs were announced last week. (EPA Images pic) BEIJING: President Donald Trump’s US tariff whiplash and the Chinese yuan’s trajectory will likely keep Asian currency volatility elevated. Currency volatility across the region has jumped ever since the larger-than-expected new US tariffs were announced last week, while foreign currency options signal increased bearishness. Concerns over economic growth have also driven more aggressive bets that regional central banks will cut interest rates. Uncertainty could remain high, even as Trump...

U.S. stocks extended their retreat into Thursday afternoon trading, while Treasury yields moved and the dollar resumed its recent slump, as global markets continued to react to the dramatic tariff U-turn unveiled yesterday by President Donald Trump. Updated at 2:27 PM EDT Gold roared back to a fresh record high in late-morning trading, with spot prices rising 2.72% to $3,171.49 per ounce, taking the bullion's year-to-date advance to around 20%. Spot prices were last marked at around $3,164.50 per ounce. The moves suggest investors are shunning the U.S. dollar as...

President Donald Trump said Wednesday he will pause reciprocal tariffs for 90 days to more than 75 U.S. trading partners except for China, whose tariff rate he said will increase to 125%, effective immediately.U.S. markets reacted favorably, surging higher in afternoon trading. The Dow gained nearly 3,000 points and the S&P 500 rose 474. The Nasdaq rose more than 1,800.Trump's decision is the latest is a series of market-wrenching moves that have taken place since the president announced a series of tariffs on April 2. Stock market declines and a...

BENGALURU: Asian emerging market equities tanked for a fifth straight session on Wednesday as US President Donald Trump’s “reciprocal” tariffs on dozens of countries, including the eye-watering 104% levies on Chinese goods, went into effect. Indonesia’s rupiah hit a fresh lifetime low, while yields on the 10-year benchmark bonds crept higher towards a mid-January high as traders worried about the fallout of escalating trade tensions and domestic economic concerns. Trump’s punishing tariffs, including the massive levies on China, deepened the carnage in financial markets globally and caused a sell-off in...

By JAMIE BULLEN Updated: 08:37 EDT, 9 April 2025