This is the stock market’s worst start to a presidential term in modern history
CNN
President Donald Trump warned Americans in 2024 that a vote for Vice President Kamala Harris would be a vote for a market meltdown.
President Donald Trump warned Americans in 2024 that a vote for Vice President Kamala Harris would be a vote for a market meltdown. “You want to see a market crash? If we lost this election, I think the market would go down the tubes,” Trump said at a Pennsylvania rally in late October. Weeks earlier, Trump confidently predicted that if he lost, “the result will be a Kamala economic crash, a 1929-style depression.” Trump won the election, but he may have been right about a crash occurring after the election. Trump and his tariffs have taken a bull stock market and are on the precipice of turning it into a bear faster than any president has overseen in modern history. If the stock market closes in bear territory – a drop of 20% from a recent peak – it would be the earliest in a new administration a bull market has turned into a bear in the history of the S&P 500, which dates back to 1957. These same tariffs may also take a booming economy and turn it into a recession.
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President Donald Trump said Wednesday that he could re-impose “reciprocal” tariffs on some countries in as soon as two or three weeks, a potentially significant re-escalation of the global trade war that has already raised fears of a US and global recession.
President Donald Trump said Wednesday that Federal Reserve Chair Jerome Powell has kept interest rates too high and that he might call the central bank chief.
Rep. Marjorie Taylor Greene on Wednesday used a DOGE subcommittee hearing to call for the defunding and dismantling of the company that provides NPR and PBS with federal funds.
Twelve states sued the Trump administration Wednesday for “illegally imposing” tax hikes on Americans through tariffs.
Elon Musk says he’s going back to Tesla. The question now is whether or not its too late to reverse the brand damage that’s been done.
Boeing’s problems the last six years have been legion. Tariffs could be yet another gut punch for the beleaguered company – and, given Boeing’s importance as the top US exporter, for the economy as a whole.
President Donald Trump’s recent attacks on Federal Reserve Chair Jerome Powell caused alarm among some of his top advisers, who warned him that any attempt to remove the head of the central bank could cause as much market turmoil as his ongoing trade war, according to people familiar with the conversations.
The European Union has fined Apple and Meta a combined €700 million ($797 million) in the first enforcement of its landmark digital competition law.
Chinese electric vehicle giant BYD has already beaten out long-standing frontrunner Tesla in sales of electrified vehicles. And now it’s coming for luxury sports cars.
US President Donald Trump has signaled a major U-turn on his trade war with China, saying the high tariffs on Chinese goods will “come down substantially, but it won’t be zero.”
Bill Owens, the executive producer for CBS News’ flagship “60 Minutes” program, announced he will resign from the top job on Tuesday, saying that he no longer had control over the show.
A jury on Thursday shot down Sarah Palin’s second bid against The New York Times, almost eight years after the former Alaska governor first filed her complaint.
Tesla reported a sharp drop in revenue and earnings in the first quarter on Tuesday, and warned that the outlook for the rest of this year is uncertain.