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The stock market closed with a bloodbath on Friday as the Dow Jones lost 2,231 points and the S&P 500 dropped 6 percent as investors are spooked about the impact of President Donald Trump’s tariff plan.

After several years of consistent mortgage rate increases and soaring home prices, the prognosis for the 2025 housing market seemed promising at the start of the the year. However, recent economic and political instability has cratered consumer confidence and homebuyer optimism.

Federal Reserve Chair Jerome Powell has been trying to guide the economy to a "soft landing." After inflation spiked in 2022 following pandemic stimulus and supply chain crunches, the central bank raised interest rates to bring inflation down.

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Trump announced sweeping tariffs on U.S. trading partners sparking fears of a global trade war. He said it is necessary to make it fair for American manufacturers and return jobs

The so-called Magnificent Seven stocks don’t seem so magnificent these days after new tariffs from the Trump administration sent their shares plunging, with all seven now in bear market territory.

Days after announcing the Switch 2, Nintendo said Friday it's delaying preorders for the new console due to President Donald Trump's tariffs, the company announced.

US President Donald Trump has announced a 25 per cent tariff on vehicles not assembled in the US, effective April 3.

Trump has imposed world-spanning tariffs. China has responded in kind and further retaliation across Europe and Asia remains expected