Donald Trump claimed on Saturday that China was hit harder than the United States in the ongoing tariff war triggered by the US president’s imposition of reciprocal tariffs on most countries. A day after the US stock markets plummeted, evoking fears of a global recession, the US president claimed his country had been treated “unsustainably…
The S&P 500 (^GSPC) has entered correction, falling 10% from its February all-time highs as political uncertainty has driven fears over the market outlook. “There’s been a sentiment shift,” Citi US equity strategist Scott Chronert told Yahoo Finance. “The sentiment and the client and investor focus has completely swung upside down versus where we started…
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China’s imports, exports cool as US tariffs cast chill over trade China’s export growth slowed in the first two months of 2025 compared to the end of 2024, a…
Why Goldman Sachs Analysts See Risk Of A Massive 30% Correction In The Stock Market In 2025 Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. There is a saying in Vegas that “everyone loves a gambler until they lose,” and if you’ve ever seen crowds gather…
Donald Trump has chosen hedge fund veteran Scott Bessent to serve as his Treasury Secretary, reports confirm. The decision ended a highly competitive search for the position, which saw numerous big names in the running. Tesla CEO Elon Musk had previously weighed in, offering his thoughts on the matter. Musk publicly endorsed Howard Lutnick as…
By Lewis Krauskopf NEW YORK (Reuters) – A U.S. stock rally fueled by Donald Trump’s election victory is stumbling, as investors contend with everything from renewed inflation worries to uncertainty over the impact of the president-elect’s policies. The S&P 500 fell 2% in the past week, erasing more than half its gains from a post-election…
Stocks surged after election results came in and the major news outlets declared former President Donald Trump the winner. At the same time, the strength of the market response has arguably been at odds with what many economists consider the prospect of worse economic policies under President-elect Trump. Maybe it’s traders and investors betting that…