Selloff in Asia markets and US futures deepen
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Economic chaos is likely if Trump doesn't pause or scale back tariffs immediately, the billionaire hedge funder Bill Ackman said Monday in a post on X.
From Insider
The tariffs sent global markets plunging and is expected to have a drastic impact on U.S. consumers and industries.
From Time
Some investors are holding onto hope that Trump may lower his tariffs after negotiating with other countries, and Trump said Sunday that he’s heard from leaders “dying to make a deal.”
From Chicago Sun-Times
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The tariff battle's impact on the stock market has many people worried about their retirement investments. UC Berkeley finance professor Terrance Odean shared his thoughts and research.
Trump touted his sweeping tariffs as decades in the making, saying he's been talking about trade imbalances for "35 years" and that "nobody but me would do this."
The age-old warning to unsophisticated investors hungry to buy a dip: beware catching a falling knife. U.S. equity markets are collapsing, with the S&P 500 heading towards the 20% bear market decline threshold after notching its worst two consecutive trading days since March 2020.
The S&P 500 slipped into bear market territory in early trading but by the end of the day climbed back close to where it opened. President Trump said he would not back off his trade war, reinforcing fears of a global economic downturn.
Delta issues its quarterly results Wednesday, but last month it more than halved its growth outlook for the first quarter.
The United States is starting to resemble an emerging market more than a developed country, the head of pan-European stock exchange operator Euronext said on Tuesday as financial markets remained volatile after the imposition of sweeping U.
The additional levies against China could go into effect as early as Wednesday, Trump said. "The U.S. side's threat to escalate tariffs against China is a mistake on top of a mistake, once again exposing the American side's blackmailing nature,