Trump, tariffs and stock market
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The New York Times |
Trade tensions have begun to force a rethink about how much investors and businesses should bet on the United States.
MSNBC |
U.S. stock futures sank Monday and Asian markets suffered major declines, signaling that the financial turmoil that began last week would continue to rip through markets when trading opens Monday.
Chicago Sun-Times |
Wall Street is careening through a shocking day of trading Monday, catapulting from an early drop that had dragged it 20% below its record to a sudden rise, only to revert to losses as worries remain...
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The tariffs were fueling the strongest GOP pushback since Trump's inauguration, though Speaker Mike Johnson defended them
Bill Ackman, the billionaire hedge-fund manager behind Pershing Square, called for a 90-day pause in the tariffs to negotiate with other countries, warning that the alternative was “a self-induced, economic nuclear winter.”
To be clear, the only person floating a 90-day pause is billionaire investor Bill Ackman, who said on X late last night that Trump “has an opportunity to call a 90-day time out, negotiate and resolve unfair asymmetric tariff deals, and induce trillions of dollars of new investment in our country.”
Despite market volatility, shares of the "Magnificent Seven" largely rose on Monday, with Nvidia (+3.5%) and Amazon (+2.5%) leading gains. The S&P 500 fell 0.2% and Dow Jones Industrial Average plunged 0.
Randy Koenen of Red River Farm Network and Randy Martinson of Martinson Ag Risk Management discuss the pressure of tariffs and tariff headlines on the Agweek Market Wrap.
One of the first "casualties" of those tariffs was Nintendo saying they were delaying their pre-orders of the Nintendo Switch 2 until they could "ass
The stock market has seen some wild swings in reaction to announcements of new tariffs by the Trump administration. Here’s a glance at how some of Georgia’s top companies are doing in the stock market: Take a deeper dive into all of Georgia’s Fortune 500 companies below — you can scroll to select different charts for a view of how each stock has fared over the last week,
Bitcoin briefly rose as the speech began, but slid as the full tariff plan became clear. BTC is now trading at $86,000, down about 1%. U.S. stock futures plummeted: Dow futures dropped 963 points (2.3%), S&P 500 fell 3.4%, and Nasdaq-100 lost 4.2%.