United States Secretary of the Treasury Scott Bessent has seemed to suggest that the federal workforce fired recently "will give us the labor we need for new manufacturing"

Treasury Secretary Outlines Plan to Shift Laid-Off Federal Workers Into Manufacturing Jobs Treasury Secretary Scott Bessent said the Trump administration intends to grow U.S. manufacturing employment by redirecting laid-off federal workers into factory jobs—part of a broader strategy combining steep import tariffs with a slimming down of the

Trump is threatening additional 50% tariffs on China

Trump Warns of 50% Tariffs on China if Retaliatory Measures Aren’t Reversed Donald Trump has issued a stark warning to China: if it doesn’t roll back its recently imposed 34% retaliatory tariffs by Tuesday, the U.S. will respond by raising tariffs on Chinese goods by an additional

No one is at White House is aware of a 90 day tariff pause

Market Turbulence Deepens Amid Recession Fears Tied to Trump’s Tariffs Financial markets are seeing another wave of intense volatility as investor anxiety mounts over the economic fallout from Donald Trump’s escalating trade war. In Europe, major indices are firmly in negative territory late in the session. London’s

This is now the worst three-day performance for the S&P 500 since October 1987

Wild Swings Rock U.S. Markets as Volatility Surges On Monday morning, the S&P 500 experienced a dramatic whipsaw, dropping as much as 4.71% before swiftly reversing course and rallying up to 3.40% — all within roughly 35 minutes. This nearly 8-point intraday swing marked the index’

Chinese Stocks have now decreased more than -12%, the largest crash since the Great Financial Crisis

Global markets sank on Monday, intensifying a broader sell-off sparked by US President Donald Trump’s trade offensive and China’s forceful retaliation to surprise tariff hikes. Germany’s DAX dropped 9% at the open, while London’s FTSE 100 fell roughly 5%. European indices, overall, were holding up slightly

Canada's Prime Minister Carney: The global economy is fundamentally different today than it was yesterday

Liberal Leader Mark Carney said Thursday that President Donald Trump’s sweeping tariffs on nearly every trading partner risk “rupturing the global economy,” undermining growth, and causing serious harm to workers and businesses both in Canada and around the world. Carney condemned the tariffs on Canadian exports as “unjustified, unwarranted,

Chinese government has started conducting “stock market stabilizing operations”

Central Huijin Investment, a division of China’s US$1.2 trillion sovereign wealth fund, stepped in to buy exchange-traded funds (ETFs) on Monday, marking a direct intervention in the country’s stock market as it reels from the impact of retaliatory U.S. tariffs. The firm announced on its

JPMorgan, JPM, cuts S&P 500 target to 5,200 from 6,500, puts worst case at 4,000

JPMorgan made the most dramatic revision to its S&P 500 outlook, slashing its year-end target from 6,500 to 5,200—a 20% cut. If realized, that would represent only a modest 2.48% gain from current levels. The firm also warned of a worst-case scenario in which

Trump: We're on track to fully eliminate capital gains tax in 2025

Extending the 2017 Tax Cuts and Jobs Act (TCJA), which is set to expire, would reduce federal tax revenue by an estimated $4.5 trillion between 2025 and 2034. Over the long term, GDP would increase by about 1.1%, offsetting approximately $710 billion—or 16%—of the lost revenue.

Thailand stock exchange temporarily bans short selling

Thailand is implementing a temporary ban on short selling and introducing tighter trading rules in an effort to contain market volatility amid global turbulence triggered by sweeping U.S. tariffs. The Stock Exchange of Thailand (SET) announced on Monday that short selling of all securities—except for market makers—will

There is no confirmation as of now on a 90-day tariff pause

The White House on Monday rejected claims that President Donald Trump is considering a 90-day suspension of tariffs, calling the reports “fake news.” Markets opened sharply lower for the third consecutive trading session, as Trump's sweeping tariff policy continued to disrupt global trade and investment flows. Overnight, Asian

Trump says: Don't be weak

President Donald Trump urged investors not to panic on Monday morning, coining a new term—“PANICAN”—for what he described as a political party of “Weak and Stupid people,” just moments before the markets opened. “The United States has a chance to do something that should have been done DECADES

There is no inflation and Jerome Powell and the US Fed should cut rates, Trump said

President Donald Trump has called on the Federal Reserve to cut interest rates as financial markets continue to decline, insisting that inflation is not an issue. The next meeting of the Federal Open Market Committee (FOMC) is scheduled for May 6–7. Posting on his Truth Social account Monday, Trump

India is attempting to negotiate a bilateral trade deal with the US to bring down tariffs

India is not expected to respond immediately to President Donald Trump’s newly imposed tariffs and is instead prioritizing negotiations for a bilateral trade agreement with the United States aimed at reducing duties, according to a senior Indian government official. The official emphasized that India is pursuing dialogue over confrontation,

Vietnam has offered to remove all tariffs on US imports after Donald Trump announced a 46% tariffs

Vietnam has formally requested that the United States delay the implementation of steep new tariffs set to take effect on April 9, testing how much room there may be to negotiate within President Donald Trump’s protectionist trade agenda. Vietnamese Communist Party leader To Lam was among the first world

Taiwan is offering 0 tariffs to the US in response to Trump’s tariffs

Taiwanese President Lai Ching-te on Sunday proposed a “zero tariff” framework as a starting point for trade discussions with the United States, pledging to eliminate trade barriers rather than respond with retaliatory tariffs. He also reaffirmed that Taiwanese businesses would continue expanding their investments in the U.S. This comes

Hedge funds are facing Lehman-style margin calls due to the market crash triggered by President Donald Trump's tariffs

Hedge funds are currently grappling with substantial margin calls reminiscent of the 2008 financial crisis, as a market downturn triggered by President Donald Trump's recent tariff announcements has heightened fears of an impending financial collapse. The sharp decline in market values has compelled hedge funds to liquidate assets,

Trump’s tariffs will push up the cost of Apple, $AAPL, iPhone components to $846 from $549

Your beloved iPhone might be about to get significantly more expensive, thanks to a new wave of global tariffs introduced by U.S. President Donald Trump. The sweeping trade measures are expected to reshape the flow of goods worldwide, and analysts warned Thursday that consumer electronics like iPhones could be

Germany is considering the withdrawal of approximately 1,200 tons of gold, valued at around $124 billion, from a U.S. Federal Reserve vault in New York

Germany is weighing the possibility of moving a massive portion of its gold reserves out of the United States, citing unease over President Donald Trump's unpredictable approach to foreign policy. For years, Berlin has kept 1,200 tons of its gold—roughly a third of its total reserves

Powell says that tariffs to raise inflation in coming quarters

Federal Reserve Chair Jerome Powell said Friday that President Donald Trump’s newly announced tariffs are “larger than expected,” and the economic consequences—including elevated inflation and slower growth—will likely exceed initial forecasts. His remarks signaled the complex decisions facing the central bank in the coming months. “We face

Trump says this would be a perfect time for Powell to cut interest rates

President Donald Trump on Friday urged Federal Reserve Chair Jerome Powell to lower interest rates, even as his recently announced tariff plan sparked market turmoil and stoked concerns about renewed inflation. “This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always ‘late,

Nintendo to delay switch 2 pre-orders in US on tariffs

Nintendo Co. has announced a delay in pre-orders for its upcoming Switch 2 console, citing concerns over the potential effects of global tariffs recently implemented by U.S. President Donald Trump. Originally scheduled to open for pre-orders on April 9, the company said Friday it will hold off “to evaluate

Mark Cuban said "prices are going to increase... due to tariffs."

Markets slumped the day after President Donald Trump rolled out a sweeping "reciprocal tariff" policy that included a baseline 10% tariff on imports from nearly every country. The policy imposes significantly higher rates on several major trade partners — 34% on Chinese goods, 20% on imports from the European

China announces extra 34% tariffs on US goods, imposed from April 10th

China has announced it will impose a 34% tariff on all imports from the United States starting April 10, 2025, in response to U.S. President Donald Trump's recent tariff increases. This move escalates the ongoing trade tensions between the world's two largest economies. In addition

China announces rare metal controls, imposing export controls on samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium

China has announced it will impose a 34% tariff on all imports from the United States starting April 10, 2025, in response to U.S. President Donald Trump's recent tariff increases. This move escalates the ongoing trade tensions between the world's two largest economies. In addition