The latest warnings add to a chorus of Wall Street executives ringing alarm bells about the potential economic damage from the tariffs, including Dimon, BlackRock CEO Larry Fink
US consumer sentiment also deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981 amid unease over escalating trade tensions
Investors are breathing a sigh of relief, Varadhan replied, according to a person briefed on the discussion. Goldman had just predicted a US recession
The Dow Jones Industrial Average fell 611.5 points, or 1.51 per cent, at the open to 39,996.93
The Dow Jones Industrial Average fell 257.7 points, or 0.68 per cent, at the open to 37,387.91. The S&P 500 fell 17.5 points, or 0.35 per cent, at the open to 4,965.28
Apple leads declines among Big Tech; retail stocks slump on Asia tariff worries
Details of Trump's "Liberation Day" tariff plans were still being formulated and closely held ahead of a White House Rose Garden announcement ceremony scheduled for 4 pm ET (2000 GMT)
President Donald Trump's fast-approaching Liberation Day sent stock markets swinging sharply worldwide on Monday. On Wall Street, the S&P 500 rose 0.6% in another roller-coaster day, after being down as much as 1.7% during the morning. The reversal helped the index shave its loss for the first three months of the year to 4.6%, making it the worst quarter in two-and-a-half years. The Dow Jones Industrial Average also swerved higher after erasing an initial loss, and it climbed 417 points, or 1%. Slides for Tesla, Nvidia and other influential Big Tech stocks, though, sent the Nasdaq composite down 0.1%. Such neck-twisting turns have become routine for the US stock market recently because of uncertainty about what Trump will do with tariffs and by how much they will worsen inflation and grind down growth for economies. Wall Street's swings followed a sell-off that spanned the world earlier Monday as worries built about the effects of the tariffs that Trump says will bring ...
The Fed's two-day rate-setting meeting kicks off on Tuesday, and expectations are that the central bank will keep interest rates steady
Created within the dark pools themselves, the rooms are independent from one another and each is invisible to anyone not invited
Asian shares were mostly lower on Thursday despite a rebound on Wall Street fuelled by an encouraging update on US consumer prices. US futures fell and oil prices were little changed. Chinese markets slipped as investors watched for the next steps in President Donald Trump's trade war. Hong Kong's Hang Seng index shed 0.7% to 23,426.80, while the Shanghai Composite index lost 0.4% to 3,357.02. Tokyo's Nikkei 225 gained 0.5% to 37,014.82. South Korea's Kospi edged 0.1% lower, to 2,573.05. In Australia, the S&P/ASX 200 lost 0.4% to 7,756.10. Taiwan's Taiex shed 0.4% and the Sensex in India edged 0.1% higher. Bangkok's SET slipped 0.1%. On Wednesday, the S&P 500 gained 0.5% to 5,599.30 after skidding between an early gain of 1.3% and a later loss. The unsettled trading came a day after the index briefly fell more than 10% below its all-time high set last month. The Dow Jones Industrial Average also pinballed sharply before ending with a loss of 0.2% at 41,350.93. The Nasdaq ...
Wall Street's sell-off is spiralling Tuesday following President Donald Trump's latest escalation in his trade war, briefly pulling the US stock market 10% below its record set just a few weeks ago. The S&P 500 was down 1.4% in afternoon trading after Trump said he would raise tariffs on steel and aluminum coming from Canada, doubling their planned increase to 50%. The president said it was a response to moves a Canadian province made after Trump began threatening tariffs on one of the United States' most important trading partners. The Dow Jones Industrial Average was down 678 points, or 1.6%, as of 1:40 pm Eastern time, and the Nasdaq composite was 1% lower. The S&P 500 was sitting at the edge of what Wall Street calls a correction," where it falls 10%, and was sitting within 0.1 percentage points of the mark. Such head-spinning moves are becoming routine following a scary ride for investors where the S&P 500 has swung by at least 1%, up or down, seven times in the last .
Trump doubled his planned tariff on all steel and aluminum products coming into the US from Canada, bringing the total to 50 per cent
Crypto stocks fall on lower bitcoin prices; HSBC downgrades US stocks
Asian shares and US futures were mostly higher on Wednesday following a rocky session on Wall Street after Canada, Mexico and China were hit by steep US tariffs that took effect on Tuesday. Comments by US President Donald Trump in a speech to Congress and the nation appeared to have scant impact on world markets. The future for the S and P 500 was up 0.5 per cent, while that for the Dow Jones Industrial Average gained 0.4 per cent. China announced it intends to keep its economy growing at around a 5 per cent annual pace in 2025, in line with last year's target, as it opened the annual session of its largely ceremonial legislature. Premier Li Qiang also promised more government spending and other measures to support growth. Hong Kong's Hang Seng index jumped 2.6 per cent to 23,548.86, while the Shanghai Composite index climbed 0.6 per cent to 3,342.36. Tokyo's Nikkei 225 index edged 0.2 per cent higher to 37,418.24. In South Korea, the Kospi gained 1.2 per cent to 2,558.13, while ..
Anxiety over tariffs is also bleeding into the corporate side of the economic equation
Stocks had already slipped after an ISM survey, and they extended losses after Trump said 25 per cent tariffs on Canada and Mexico will go into effect
An ISM survey showed manufacturing was steady in February, but a measure tracking forward-looking new orders contracted to 48.6 last month from 55.1 in January
Trump also floated a 25 per cent "reciprocal" tariff on European cars and other goods
The company forecast adjusted earnings per share for the fiscal year ending January 2026 in the range of $2.50 to $2.60, below analysts' expectations of $2.76