Stocks slide around the world as investors recoil from Trump tariffs
CBSN
Financial markets around the world tumbled after President Trump on Wednesday announced a barrage of new tariffs, with U.S. stock futures pointing to a sharp drop when Wall Street opens for business.
Roughly two hours before the start of trade at 9:30 a.m. ET, futures for the S&P 500 plunged 190 points, or 3.3%, while futures for the Dow Jones Industrial Average and the tech-heavy Nasdaq composite index sank 3% and 4%, respectively.
Overseas markets also slumped in overnight trading. In Asia, Tokyo's Nikkei 225 index briefly dipped 4%, with automakers and banks taking big hits, before closing down 2.8%, while South Korea's benchmark Kospi fell 1.1%. In Europe, Germany's DAX fell 1.7%, France's CAC 40 in Paris lost 1.8% and Britain's FTSE 100 shed 1.2%.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Stock futures jumped after President Trump said Tuesday that he has no plans to oust Federal Reserve Chair Jerome Powell and signaled a willingness to ease trade tensions with China.
A man on Alabama's death row wants his execution to go forward Thursday, saying he believes in an "eye for an eye."
Faced with inflation, taxes and concerns over the size of Social Security benefits, most Americans are more afraid of going broke in retirement than they are of death.
For nearly three agonizing years, Mariah Freschi and her husband have been trying to have a second baby. The California mother recently underwent surgery to remove her blocked fallopian tubes, leaving in vitro fertilization as her only option to get pregnant. But the cost quoted by her Sacramento-area clinic was $25,000 — out of reach for Freschi, a preschool teacher, and her husband, a warehouse worker.
Cicadas are poised to return at some point in the spring of 2025, potentially bringing billions of bugs to neighborhoods across the eastern United States.
Mike Patrick, ESPN's first play-by-play announcer for its NFL coverage, has died. He was 80.
Washington — Democratic members of Congress on Tuesday traveled to Louisiana to meet with Mahmoud Khalil and Rümeysa Öztürk, who remain in custody at Immigration and Customs Enforcement detention centers as they face deportation.
The head of the National Institutes of Health now says it could take until next year to get preliminary results from their new studies into autism, marking the latest delay to findings that Health and Human Services Secretary Robert F. Kennedy Jr. had promised by September.
A jury has reached a verdict in Lori Vallow Daybell's Arizona trial over the 2019 killing of her estranged husband. Jurors began deliberations on Monday.
Elon Musk told Tesla investors he's scaling back his work at the Trump administration's Department of Government Efficiency, or DOGE, saying the amount of time he spends on the task force will "drop significantly" starting in May.
President Trump said Tuesday he has "no intention of firing" Federal Reserve chair Jerome Powell, one day after the president called Powell a "major loser" and publicly lobbied the central bank chief to lower interest rates at a faster clip.
Attorneys for Kilmar Abrego Garcia, a Maryland man mistakenly deported to a prison in El Salvador, say the government has failed to provide appropriate responses to a judge's order for expedited discovery and to her questions about facilitating his return to the U.S.
The Food and Drug Administration is asking the food industry to stop using synthetic food dyes, in a bid to fulfill one of Health and Human Services Secretary Robert F. Kennedy Jr.'s goals to swap them out with natural alternatives in the U.S. food supply.