archiveTrump

This time, maybe the stock market is the economy.Financial markets around the world have plummeted in the days since President Trump announced sweeping tariffs, setting off a global trade war. The S&P 500 declined more than 10 percent in two days last week, and it swung wildly on Monday amid news of further tariffs and rumors of delays. Stock indexes in Asia and Europe have fallen sharply as well.Experts often caution that the stock market can be a misleading measure of the broader economy. Share prices can move for a...

Last week might well be remembered as the weak globalisation began to bleed in full public view. Markets reeled not merely because of fresh rounds of retaliatory tariffs between the United States and China, but because they sensed something deeper—a rupture in the global trade order that has underwritten peace, prosperity, and stability for over seven decades. If last week was a warning, this week might offer no reprieve. Especially as India’s own monetary policy committee meets under the shadow of cascading geopolitical risks, the interplay of trade and currency...

US stock futures surged early on Tuesday as investors took stock after a chaotic day on Wall Street and as trade tensions between the US and China continued to spiral. Futures tied to the S&P 500 (ES=F) jumped about 1.4%, and those on the tech-heavy Nasdaq 100 (NQ=F) rose 1.2%. Dow Jones Industrial Average futures (YM=F) were up 1.8%, leading the major gauges higher. Markets are weighing China's vow to "fight to the end" if the US continues to pursue what Beijing authorities described on Tuesday as "blackmail". The pledge...

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...

Stock markets are extending a brutal selloff as Trump's trade tariffs spark investor fears.Asian markets are suffering due to concerns over tariffs hitting earnings and economies.Commodities are falling amid recession fears while the Japanese yen has risen as a haven currency.A brutal stock market selloff intensified on Monday as investor fears over the fallout from US President Donald Trump's sweeping new trade tariffs set in.Asia's stock markets opened the week deep in the red as investors fret over the impact of Trump's tariffs on company earnings and economies.The MSCI Asia...

Iran’s rial currency traded Saturday at a record low against the U.S. dollar as the country returned to work after a long holiday, costing over 1 million rials for a single greenback as tensions between Tehran and Washington likely will push it even lower. The exchange rate had plunged to over 1 million rials during the Persian New Year, Nowruz, as currency shops closed and only informal trading took place on the streets, creating additional pressure on the market. But as traders resumed work Saturday, the rate fell even further to 1,043,000...

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...

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...

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...