Open this photo in gallery: Financial news plays in the background as traders work on the floor of the New York Stock Exchange during morning trading, on April 21, in New York City.Michael M. Santiago/Getty Images U.S. President Donald Trump roiled markets by reigniting his public tirade against Federal Reserve chair Jerome Powell, sending everything…
John Rapley is a contributing columnist for The Globe and Mail. He is an author and academic whose books include Why Empires Fall and Twilight of the Money Gods. Open this photo in gallery: Traders work on the floor of the New York Stock Exchange, on April 17.Richard Drew/The Associated Press Following the wild gyrations…
Back in 2008, the stock markets welcomed young investors of the millennial generation with a peak-to-trough decline of close to 50 per cent. Lessons about the downside of stocks came regularly after that. The S&P/TSX composite index lost money in 2011, 2015, 2018 and 2022. Obscured by a quick rebound was the 37-per-cent peak-to-trough fall…
Open this photo in gallery: Employees work on a production line of caps that will be exported to the United States at a factory in Suqian, in eastern China’s Jiangsu province on April 7.STR/Getty Images Countries around the world scrambled to contain the fallout of U.S. tariffs on Monday as Donald Trump threatened higher levies…
Open this photo in gallery: U.S. President Donald Trump walks though the Hall of Nations during a tour at the John F. Kennedy Center for the Performing Arts where he also lead a board meeting on March 17, in Washington, DC.Chip Somodevilla/Getty Images Dimitry Anastakis is the Wilson-Currie Chair in Canadian Business History at the…
On Saturday morning, I observed nearly 400 protesters gathered outside a Tesla showroom in Ann Arbor, Michigan. They were armed with flags and cardboard signs, and they said they felt like America’s democracy was under siege. “Hey, hey, ho, ho, Elon Musk has got to go,” the group chanted as they paced up and down…
Open this photo in gallery: Chinese President Xi Jinping speaks during an international business meeting at The Great Hall Of The People, in Beijing, on March 28.Pool/Getty Images China’s President Xi Jinping urged a gathering of multinational CEOs on Friday to protect global industry and supply chains, as Beijing seeks to assuage foreign firms’ concerns…
President Donald Trump’s impact on the U.S. economy is under scrutiny as fears of a potential recession grow, particularly as tariffs are implemented on Mexico, Canada and China. Trump was pressed about recession speculation on Sunday and said that he “hates to predict things like that” and said the country is in a transition period….
Mark Cuban warned the federal government’s abrupt and deep cuts are having spillover effects across the economy, eventually leading to a downturn. The latest jobs report showed solid gains, but it pointed to early effects of DOGE cuts and didn’t capture the wave of layoffs that have come more recently. Meanwhile, Wall Street is pricing…
Open this photo in gallery: Liverpool’s Harvey Elliott scores the opening goal during the Champions League round of 16 first leg soccer match between Paris Saint-Germain and Liverpool at the Parc des Princes in Paris ON March 5, 2025.Aurelien Morissard/The Associated Press Harvey Elliott scored less than a minute after coming on as a late…