archivefinancial

Keeping a cool head can be pivotal amid market turmoilPresident Trump calls tariffs 'medicine' as stock market plungesPresident Donald Trump spent the weekend at a golf tournament in Florida as the stock market continued to plunge.Have you checked your 401k balance since President Donald Trump announced widespread tariffs last week on what he called “Liberation Day”?Chances are, it’s down — maybe way down.The markets have lost more than $11 trillion since Trump’s inauguration and more than half of that happened on Thursday and Friday, according to global investment research company...

President Trump calls tariffs 'medicine' as stock market plungesPresident Donald Trump spent the weekend at a golf tournament in Florida as the stock market continued to plunge.The mass tariffs President Donald Trump announced last week sent the stock market tumbling.The S&P 500 and Nasdaq are now in a bear market.Economist and financial institutions are even more concerned about the possibility of a recession in the U.S.President Donald Trump's mass tariffs have sent the stock market tumbling in recent days and has sparked vocal concerns from economists and financial institutions over...

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...

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...

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...

President Donald Trump riffs on 'old fashioned term' groceriesAfter announcing global tariffs, President Donald Trump riffed on the word "groceries," calling it an "old fashioned" and "beautiful term."President Trump imposed new tariffs on imports, causing investors to worry about a recession.Arizona stocks are mixed, with some companies down sharply and others flat or slightly higher.Investors are advised not to panic and to consider adjusting their investment mix if they are concerned about volatility.Stock markets in the U.S. and around the globe took a beating with the news that President Trump...

Aishwarya Jain and Nathan Gomes  |  ReutersHere's how much homeownership costs per year, on top of your mortgageBankrate finds the typical family home comes with an added price tag: $18,000 in "hidden expenses" every year. (Scripps News)Scripps NewsFintech firm Rocket Companies RKT.N said on Monday it would buy home loan services provider Mr Cooper Group COOP.O for $9.4 billion, its second big deal this month as it looks to broaden its mortgage-related offerings on its online platform.Shares of Mr Cooper jumped about 27% to $132.1 in premarket trading but were still trading well below the offer price of...

Tesla trade-ins hit record high amid Elon Musk controversyTesla trade-ins have reportedly hit a record high amid a brand crisis linked in part to CEO Elon Musk's involvement in the Trump administration. According to the Washington Post, Teslas made up 0.4% of all vehicles traded at traditional dealerships a year ago. That figure doubled to 0.8% in January.unbranded - NewsworthyU.S. stocks plunged, with the Dow closing down more than 700 points and the S&P 500 shedding over 100 points amid heightened inflation and tariff concerns.The Fed's preferred inflation measure, the...

White House downplays recession fears amid stock market concernsA new poll found that 70% of Americans, including a majority of Republicans, think President Trump's trade policies will push prices higher.Scripps NewsThe stock market has experienced turbulence, with the Nasdaq entering a correction in early March.The S&P 500 is predicted to see a weekly gain after four weeks of losses, while the Dow is on track for its largest weekly gain since January.After the November 2024 election, the stock market hit an all time high, with conservative media pundits claiming that...

Howard Schneider  |  ReutersInterest rate decision looms as Fed discusses tariffs and trade war impactsWith rising tariffs looming, experts warn of increased consumer prices as the Federal Reserve convenes to address economic implications. (Scripps News)Scripps NewsTumbling stock markets and signs of tightening credit may make the Federal Reserve's job even more difficult this week as U.S. central bank policymakers try to weigh whether consumer spending will suffer as households take stock of the potential blow to their net worth and greater difficulty in obtaining loans.U.S. retail sales for February, reported on Monday in the...