Trader work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Wednesday’s jaw-dropping stock-market rally on President Donald Trump’s surprising tariff reversal is one for the history books. The S&P 500 skyrocketed 9.52% in a kneejerk reaction to Trump’s announcement to put a 90-day pause on some of the lofty ‘reciprocal’…
The signs of stress on Wall Street have mounted amid the many uncertainties triggered by President Trump’s tariffs. IPOs and mergers were put on the shelf. Leverage loan deals were shoved to the sidelines. Bond sales were paused. The freeze-up of activity that followed Trump’s “Liberation Day” announcement last week made for some nervous days…
Trillions of dollars in value has been wiped off markets since US President Donald Trump announced his latest round of tariffs on what he called “Liberation Day” last week. And it’s not just the US where the economic shock has been felt. Markets around the world, including in Australia, have witnessed sharp declines. Using Google…
Wall Street just got loud and it’s not cheering. Tesla (NASDAQ:TSLA) CEO Elon Musk, Pershing Square’s Bill Ackman (Trades, Portfolio), and hedge legend Stanley Druckenmiller (Trades, Portfolio) are now openly throwing punches at the Trump administration’s tariff plans, warning they could trigger a full-blown market meltdown. What started as scattered criticism has snowballed into a…
Australian shares suffered their biggest one-day fall since COVID-19, as Donald Trump described the market turmoil as “medicine”. After a wipe-out on Wall Street on Friday (US time), US stock market futures pointed to further falls when American markets reopen on Monday, setting the tone for heavy selling during Australian and Asian trade. The ASX…
Wall Street strategists are abandoning their bullish views on the US stock market in droves as a sell-off in reaction to President Trump’s reciprocal tariff announcements has experts rapidly paring forecasts for 2025. On Sunday night, Oppenheimer chief investment strategist John Stoltzfus became the latest strategist to cut his year-end S&P 500 target, lowering his…
A graduate of the renowned Harvard University with a doctorate in Law, Jim Cramer, the founder of TheStreet and CNBC host of the show “Mad Money”, warned global market investors about a potential bloodbath likely to happen after the stock markets reopen on Monday, April 7, reported multiple media outlets. Also Read | Can Indian…
Global markets news: The US stock market is witnessing one of its steepest losses in recent times following President Donald Trump’s tariff salvo against countries across the globe. Trump’s reciprocal tariffs on the US’s key trading partners have stoked fears that a full-blown trade war could severely hurt global economic growth, revive inflationary pressures, erode…
In just about three months since President Donald Trump returned to the White House, Wall Street has hemorrhaged a staggering $8 trillion in market value, a collapse that underscores the scale of economic turmoil unleashed by his aggressive trade policies. Even more alarming is that $5 trillion of those losses were incurred in just the…
President Donald Trump criticized China on Friday, saying it “played it wrong” and “panicked”, after China announced retaliatory tariffs which sent U.S. stock markets tumbling.The Dow closed down 2,200 points on Friday, with the S&P dropping 6% and the Nasdaq falling 5.8%.This rapid rate decline put the stock market at risk of triggering a circuit…