New China tariffs announced during government shutdown and AI valuation debate are a ‘perfect storm coming together,’ top economist says

New China tariffs announced during government shutdown and AI valuation debate are a ‘perfect storm coming together,’ top economist says

President Donald Trump’s additional 100% tariff on China erased $2 trillion from the stock market on Friday and possibly couldn’t have come at a worse time. A potentially renewed trade war risks a resurgence of uncertainty in the market, Apollo Global Management chief economist Torsten Slok said Saturday on Fox Business, all while fears of…

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US Stock market prediction: US Stock market prediction for Tuesday, October 7: Will Nasdaq, S&P 500 open in positive?

US Stock market prediction: US Stock market prediction for Tuesday, October 7: Will Nasdaq, S&P 500 open in positive?

The political jolts across major economies, made no better by a U.S. government shutdown, gave investors little to cheer about, with the overall mood sombre, overshadowing enthusiasm about artificial intelligence. AMD will supply AI chips to OpenAI in a multi-year deal that would bring AMD tens of billions of dollars in annual revenue and give…

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