A number of stocks fell in the afternoon session after President Trump criticized the Federal Reserve's approach to interest rate cuts, warning that the pace was slow and could hinder economic growth. Trump's comments added pressure to an already sensitive market, raising concerns about political interference in monetary policy.
A number of stocks fell in the afternoon session after President Trump criticized the Federal Reserve's approach to interest rate cuts, warning that the pace was slow and could hinder economic growth. Trump's comments added pressure to an already sensitive market, raising concerns about political interference in monetary policy.
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 7.4% in the morning session as stocks grappled with more uncertainty after President Trump criticized the Federal Reserve's approach to interest rate cuts, warning that the pace was slow and could hinder economic growth. Trump's comments added pressure to an already sensitive market, raising concerns about political interference in monetary policy.
Hertz shares fell Monday, erasing some of last week's gains after billionaire Bill Ackman’s Pershing Square disclosed a large stake in the company.
U.S. equities tumbled at midday as President Donald Trump continued his criticism of Federal Reserve Chair Jerome Powell and no changes in U.S. tariff policies were announced.
U.S. stocks tumbled in early trading on Monday as President Donald Trump escalated his criticism of the Federal Reserve, urging the central bank to immediately lower interest rates and questioning the policy approach of Fed Chair Jerome Powell. The comments came days after Trump said he was eager for Powell’s "termination" despite a longstanding norm of political independence at the central bank. The tech-heavy Nasdaq declined 3%.
President Donald Trump repeated his attacks Monday against the chair of the Federal Reserve, demanding that the central bank lower its key interest rate to boost the economy. Trump called Powell “a major loser” and said that energy and grocery prices are “substantially lower” and “there is virtually No Inflation.” Trump's comments drove the stock market and the dollar lower as investors in the U.S. and overseas grow increasingly wary about the economic standing of the U.S. On Friday, a top White House adviser said the administration is studying whether it can fire Powell, a move that would undermine the Fed's independence and likely send shock waves through global financial markets.
A weak dollar hasn't typically been a friend to stocks in the past.
President Donald Trump's 25% auto tariffs aren't helping Tesla's ability to produce a lower-cost vehicle at scale, Wedbush's Dan Ives said.
What a brutal six months it’s been for Belden. The stock has dropped 20.9% and now trades at $93.30, rattling many shareholders. This might have investors contemplating their next move.