US stocks and the dollar have dropped sharply as United States President Donald Trump’s attacks on the chief of the US central bank shake investors’ confidence in the world’s top economy. The benchmark S&P 500 fell 2.36 percent on Monday, one of the steepest one-day declines of the year. The tech-heavy Nasdaq Composite tumbled 2.55…
The American financial markets plunged into chaos Monday as investors reacted to escalating tensions between President Donald Trump and Federal Reserve Chair Jerome Powell, combined with ongoing uncertainty over global trade policies. The Dow Jones Industrial Average nosedived over 1,200 points (3.1%), marking its steepest single-day drop in months. The S&P 500 and Nasdaq Composite…
The insults and assaults may be global but, increasingly, Donald Trump’s war against everyone is being whittled down to a fight for dominance between America and its main rival, China. It is a war neither side can win. It’s more a question as to the amount of pain either country can endure and which will…
BANGKOK (AP) — Asian shares were mostly higher in thin Good Friday trading after a bumpy ride on Wall Street, where the Dow industrials lost 1.3% as UnitedHealth shed more than a fifth of its value due to a weaker-than-expected profit report. U.S. stock and bond markets will be closed on Friday. Tokyo’s Nikkei 225…
WASHINGTON (AP) — Donald Trump has stepped up his attacks on Federal Reserve Chair Jerome Powell at the same time that the Supreme Court is considering a case that could make it easier for the president to fire him. The developments are occurring against a backdrop of wider turmoil in the economy and financial markets,…
US stocks tumbled on Wednesday as investors were reminded of the costs President Trump’s tariffs will have for major companies and the challenges these policies may present for the broader US economy. The market sell-off intensified in the final hours of trading as Federal Reserve Chair Jerome Powell delivered perhaps his starkest warning yet on…
WASHINGTON (AP) — President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains. “I’m looking at something to help some of the car companies with it,” Trump told reporters gathered in the Oval Office….
TOKYO (AP) — Global benchmarks mostly rose Tuesday, echoing a rally on Wall Street after President Donald Trump appeared to let up on some of his tariffs and as stress from within the U.S. bond market seemed to be easing. Still, the Trump administration took further steps toward imposing more tariffs, saying it was investigating…
A look at what happened in the US government this week Updated: 10:03 PM EDT Apr 11, 2025 President Donald Trump rolled back his tariffs against most of the world while increasing them against China, the financial markets had one of the most chaotic and historic weeks in history, more high-profile court cases against the…
NEW YORK (AP) — The upheaval in stocks has been grabbing all the headlines, but there is a bigger problem looming in another corner of the financial markets that rarely gets headlines: Investors are dumping U.S. government bonds. Normally, investors rush into Treasurys at a whiff of economic chaos but now they are selling them…