News and Trends
The U.S. dollar’s role as the de facto global reserve currency is looking increasingly uncertain- Market Watch--4.16.25
Some on Wall Street say that President Donald Trump's aggressive approach to rolling out his tariff agenda might trigger lasting consequences for U.S. markets. Specifically, the dollar's safe-haven status has been tarnished and its role as the global reserve currency has been looking increasingly uncertain.
Stock market today: Dow, S&P 500, Nasdaq smoked as Powell warns of 'challenging' tariff impact, Nvidia plunges - Yahoo! Finance--4.16.25
U.S. stocks fell on Wednesday with tariff fears returning to Wall Street. Stocks hit session lows on Wednesday as Powell said during a speech in Chicago that the central bank will "wait for greater clarity" before considering any interest rate adjustments.
Dow drops 1,300 points, S&P 500 falls nearly 4% as market pares back gains from historic rally: Live updates - CNBC--4.10.25
Stocks saw sharp losses on Thursday, giving back much of the gains from the historic rally seen in the previous session. Investors were worried that even with the short pause on "reciprocal tariffs," economic activity will be slowed by Trump's singling out of China with a much higher rate.
Stock market today: Dow slides 1,000 points, Nasdaq, S&P 500 clobbered as stocks resume Trump tariff sell-off - Yahoo! Finance--4.10.25
U.S. stocks got crushed on Thursday amid concerns that President Trump's broad offensive has become a direct confrontation with China. While a wider trade war is on hiatus, risks remain to the health of the U.S. economy, and Trump's move is "merely the end of the beginning," according to JPMorgan.
Jamie Dimon warns recession is now 'a likely outcome' for US economy - Fox Business--4.9.25
Jamie Dimon, chairman and CEO of JPMorgan Chase, claims there is more doom and gloom in America's financial state today than optimism. When asked if he was personally expecting a recession Dimon stated that "I think probably that's a likely outcome."
Trump temporarily drops tariffs to 10% for most countries, hits China harder with 125% - CNBC--4.9.25
President Donald Trump dropped new tariff rates on imports from most U.S. trade partners to 10% for 90 days to allow trade negotiations with those countries. The president also stated in a social media post that he was raising the tariffs imposed on imports from China to 125% "effective immediately."
Trump tariffs live updates: US to move forward with 104% China tariffs - Yahoo! Finance--4.8.25
The Trump administration will follow through on a threat to add a 50% tariff on Chinese goods, in addition to 34% reciprocal tariffs, raising the overall tariff rate on Chinese goods to 104%. U.S. stocks, which were rallying, went from being green to going deep red after the news.
Dow tumbles more than 300 points Tuesday as tariff-induced sell-off resumes: Live updates - CNBC--4.8.25
Stocks dropped Tuesday as a relief rally proved short-lived and investor anxiety returned ahead of President Donald Trump's next tariff deadline that will see a cumulative tariff of 104% slapped on China just after midnight. Investors will need to see more stability in trade policy for any market bounce to have legs.
Shocking swings hit Wall Street after its already shocking drops as US stocks careen amid rumors - AP News--4.7.5
U.S. stocks are swinging wildly on Monday amid worries that Trump's tariffs could torpedo the global economy. The intense moves show how hard financial markets are straining to see hopes that Trump may let up on his stiff tariffs, which economists see raising the risks of a global recession.
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