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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...

Sizing up what President Trump’s new tariffs mean for India was a puzzle from the start for even the country’s top trade economists. Its politicians, too, were stunned.Starting next week, nearly all Indian goods arriving in the United States will be taxed an extra 27 percent.The figure was bafflingly high, in part because the government’s ministers had been flocking to Washington since Mr. Trump won re-election. From the Rose Garden, Mr. Trump addressed India’s prime minister, Narendra Modi, in absentia while delivering the disappointing news, calling him “a great friend...

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...

April 2nd, or what the White House is calling "Liberation Day," is inching closer, but investors aren't receiving any liberation from the volatility that's plagued the market for the last few months.Wednesday is shaping up to be the Super Bowl of trade policy as President Donald Trump's reciprocal tariffs are scheduled to take effect, and Wall Street experts are placing their bets on what will happen once they do.It's no easy task to predict Trump's unconventional foreign policy strategy. Just last week he hinted at softening his stance on reciprocal...

This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Newsmax went public on Monday, raising $75 million from 7.5 million shares. The stock surged 667% in its debut, valuing Newsmax at about $8 billion. Newsmax's valuation is now double that of Trump Media and a third of Fox Corp. Newsmax is seeing wild trades in its first day as a public company. The conservative media company went public on Monday in a mini-IPO, selling 7.5 million shares at...

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...

"Louisiana wins again," was the headline as Gov. Jeff Landry and Louisiana Economic Development trumpeted the official announcement of the $5.8 billion Hyundai steel plant planned for the Donaldsonville area of Ascension Parish.President Donald Trump hosted Landry and several elected officials in the Roosevelt Room of the White House to deliver the monumental news for the state and region, which had not been seen at such a magnitude since the governor and Facebook's parent company, Meta, announced a large artificial intelligence data center in northeastern Louisiana.The first-of-its-kind Hyundai project was...

The Metuchen Edison Piscataway Area Branch of the NAACP’s Juneteenth celebration this year has been moved off federal property because of concerns it might violate President Trump's executive order targeting diversity, equity and inclusion.“We at the NAACP are being forced to relocate our annual Juneteenth Festival from federal grounds simply because it could be seen as a DEI initiative and risk retaliation under the Trump Administration's agenda. That's not just unacceptable – it's dangerous," said Reggie Johnson, president of this NAACP branch.The event, originally planned for June 7 at the...

The new Chair of the U.S. Securities and Exchange Commission (SEC) reportedly has a crypto portfolio worth millions of dollars. According to a new report from Fortune, an ethics disclosure reveals that Paul Atkins – President Donald Trump’s nominee to be the next SEC Chair – holds about $6 million in crypto-related investments, including $1 million worth of equity in two crypto firms and $5 million in crypto investment funds. Atkins, who previously served as the SEC’s Chair between 2002 and 2008 under then-President George W. Bush, held a board...