US stocks slide as tariff uncertainty persists
CNN
The rocky week on Wall Street continues.
The rocky week on Wall Street continues. US stocks opened lower Thursday as investors and businesses grappled with the uncertain outlook of President Donald Trump’s tariffs, data revealing the extent of recent layoffs and renewed concerns about spending on artificial intelligence. The Dow tumbled 550 points, or 1.3%, before pulling back slightly. The broader S&P 500 fell 1.3% and the Nasdaq Composite slid 1.6%. Futures tied to the Dow had tumbled in early trading as new economic data showed unease in the labor market. US-based employers last month announced plans to slash 172,017 jobs, a 103% increase from January and the highest February total since 2009, according to Challenger, Gray & Christmas’s latest monthly job cuts report. Futures tied to the Nasdaq 100 also fell in early trading as companies focused on the AI trade posted mixed earnings results and guidance for this year. Marvell Technologies (MRVL), a chipmaker, fell 18% in early trading and opened sharply lower. Nvidia (NVDA) and Palantir (PLTR) also slid, dragging the Nasdaq lower.
US stocks rose Wednesday after the Trump administration announced it would grant a one-month exemption for tariffs on Canada and Mexico that affect automakers.
President Donald Trump has granted an exemption on auto tariffs on Mexico and Canada for one month, White House Press Secretary Karoline Leavitt confirmed Wednesday.
The Trump administration’s frenetic policy changes appear to be making US businesses think twice about hiring new workers.
If you don’t like President Donald Trump’s tariff policy, wait a minute.
Well, it finally happened: President Donald Trump fulfilled his promise to impose sweeping tariffs on America’s top three trading partners, Mexico, China and Canada.
So much for the theory that Wall Street will keep Trump in line …
Employers have already started making moves in anticipation of possible scrutiny from the Trump administration.
Target is facing a 40-day consumer boycott starting Wednesday over the company’s shift away from diversity, equity and inclusion (DEI) policies.
China has set an ambitious target for “around 5%” growth in 2025, maintaining last year’s goal even as it braces for the fallout from escalating American tariffs on its export-driven economy.
Lawmakers and aviation organizations grappled with whether the US has maintained its title as “the gold standard” when it comes the safety of the nation’s air traffic control system in a House hearing Tuesday.
US Commerce Secretary Howard Lutnick said that President Donald Trump could announce a trade deal with Mexico and Canada as soon as tomorrow, just one day after the US imposed punishing tariffs on the two nations and sparked retaliatory levies.
American asset management giant BlackRock has agreed to buy two ports at either end of the Panama Canal from a Hong Kong-based firm whose ownership had angered President Donald Trump.
Two of America’s largest retailers, Target and Best Buy, warned Tuesday that prices will increase following President Donald Trump’s tariffs on imported goods from Mexico, Canada and China. Target’s CEO said the price increases could happen a lot sooner than you think.