Can America stay exceptional? Economists and investors are increasingly asking that question as growth forecasts and the stock market slide. The answer, which matters a lot for American businesses and households, is no longer a clear “yes.” Since the 2008 financial crisis abated, America’s economy has been the envy of the developed world. Annual average…
And I’m open for business on a fourth theory, or more. Douthat: First, I would stress that Trump is not terribly popular, and undoubtedly will become less so if the stock market trends down and recession fears mount. He has a commanding position within his party, but even at his apotheosis his approval ratings barely…
The Federal Reserve is expected to keep its key rate steady on Wednesday, after a series of cuts that lowered rates by a full percentage point last year. That means consumers looking to borrow are likely to have to wait a bit longer for better deals on many loans, but savers will benefit from steadier…
The stock market has fallen fast over the past month. Business and consumer sentiment is souring, and investors are afraid that economic data will soon start to show deeper cracks. The question on Wednesday: Will the Federal Reserve also express concern about the path ahead? So far, Fed officials have largely avoided commenting on an…
President Trump has promised to create an age of American exceptionalism with policies that put the United States first, and ahead of other nations. But Mr. Trump’s moves in the early days of his administration have had the opposite outcome for the American stock market. The S&P 500, which for years had been soaring above…
Investors watching the S&P 500’s plunge this week are processing a mix of signals. Will the threat of tariffs push the economy into a recession or is this simply a retrenchment from the highly valued technology companies that some analysts and investors argued were due for a pullback? There is a different stock index that…
In his first term, Donald Trump was often criticized for taking the stock market too seriously for conflating Wall Street and Main Street. Say what you will about his second term, but I don’t think you can make the same criticism. Another roller coaster day on Wall Street tied to growing fears of a recession….
The world’s most widely followed stock-market benchmark slid into a correction on Thursday, a drop that underscores how the two-year-long bull market is running out of steam in the early days of the Trump administration. The move stems from investors’ growing pessimism about the whipsawing policy pronouncements from Washington over the past few weeks. On-again,…
Nervous investors seeking news about the plunging markets on Monday afternoon would have been out of luck if they turned to the websites of The New York Post, The Daily Caller, One America News or The Blaze. Not one of those right-leaning outlets featured articles about the sell-off as the closing bell rang, cementing Wall…
President Trump is no fan of the European Union. He has repeatedly claimed that the bloc was created to “screw” America, has pledged to slap big tariffs on its cars, and this week enacted global steel and aluminum levies that are expected to hit some $28 billion in exports from the bloc. But for months,…