Don’t be a ‘Panican’, Trump tells Americans amid market turmoil
Donald Trump has urged Americans not to panic despite trillions of dollars being wiped from global markets by his tariff onslaught.
Donald Trump has urged Americans not to panic despite trillions of dollars being wiped from global markets by his tariff onslaught.
Auto stocks continued their downward slide on Monday as the sector, heavily exposed to tariffs, looks for a bottom.
An errant post on X may have just shaken the stock market, showing how influential — and irresponsible — the social media platform can be.
Shares of U.S. Steel jumped on Monday after President Donald Trump said the company's proposed acquisition by Japan's Nippon Steel should be reviewed.
A bogus rumor that President Donald Trump was considering a pause in tariffs briefly lifted markets Monday before the White House shot down the unfounded reports. The confusion — which was amplified on social media and by some traditional media outlets — lasted less than a half hour but reflected a jittery mood on Wall Street as stocks plunged over worries that Trump’s tariffs could torpedo the global economy. The origin of the false report was unclear but it appeared to be a misinterpretation of comments made by Kevin Hassett, director of the White House National Economic Council, during a Fox News interview earlier Monday morning.
Wall Street could soon be in the claws of another bear market as the Trump administration's tariff blitz fuels fears that the added taxes on imported goods from around the world will sink the global economy. The last bear market happened in 2022, but this decline feels more like the sudden, turbulent bear market of 2020, when the benchmark S&P 500 index tumbled 34% in a one-month period, the shortest bear market ever. Here are some common questions about bear markets: Why is it called a bear market?
Haven assets including US Treasury bonds, the Japanese yen, and the Swiss franc soared amid fears of a worldwide recession.
Discount retailers are positioned to benefit as consumers remain pinched.
As the world reels from tariffs instituted by the Trump administration, stock markets are widely in decline. On Friday, U.S. stock saw the worst decline since the COVID-19 pandemic began in 2020. President Donald Trump said Sunday, "I don't want anything to go down, but sometimes you have to take medicine to fix something and we have such a horrible -- we have been treated so badly by other countries because we had stupid leadership that allowed this to happen."
Greek equities could regain the coveted developed market status by index provider FTSE Russell this week - a key step on the country's return to normalcy following a decade-long debt crisis and a move that could spur millions of dollars in inflows. FTSE Russell could become the first among major index providers to re-classify Greek equities when it issues its country classification interim update on Tuesday. The index provider put Greece's stock market on a watch list for potential promotion from Advanced Emerging in October, adding it met all developed market criteria but one - credit worthiness of the economy was still seen as "speculative".