Apr 07 Is another bear market coming out of hibernation? Here’s what to know By Stan Choe, Alex Veiga, Associated Press Wall Street could soon be in the claws of another bear market as the Trump administration's tariff blitz fuels fears that the added taxes on imported goods from around the world will sink the global economy. Continue reading
Apr 07 U.S. stocks dip at the end of a manic Monday, fueled by Trump’s latest tariff threat By Stan Choe, Associated Press The S&P 500 slipped 0.2 percent at the end of a day full of heart-racing reversals as battered financial markets try to figure out what Trump’s ultimate goal is for his trade war. Continue reading
Apr 07 Nations debate response to U.S. trade war as global markets roiled By Elaine Kurtenbach, Lorne Cook, David McHugh, Associated Press China struck a note of confidence even as markets in Hong Kong and Shanghai tumbled. Continue reading
Apr 07 Trump tells Americans to be patient as global markets keep dropping over tariffs By Chris Megerian, Josh Boak, Associated Press “Be Strong, Courageous, and Patient, and GREATNESS will be the result!” he wrote on Truth Social, his social media platform. The Republican president has insisted his tariffs are necessary to rebalance global trade and rebuild domestic manufacturing. Continue reading
Apr 07 WATCH: Trump compares tariff policy to ‘medicine’ as market futures crash By Adriana Gomez Licon, Fatima Hussein, Associated Press President Donald Trump said Sunday that he won't back down on his sweeping tariffs on imports from most of the world unless countries even out their trade with the U.S., digging in on his plans to implement the taxes that… Continue reading
Apr 07 Wall Street follows global markets with sharp declines as Trump doubles down on tariffs By Stan Choe, David McHugh, Elaine Kurtenbach, Associated Press The Dow earlier fell as many as 1,700 points following even worse losses worldwide on worries that Trump's tariffs could torpedo the global economy. Continue reading
Apr 06 Trump advisers say more than 50 countries have reached out for tariff talks with White House By Adriana Gomez Licon, Associated Press Top administration officials said Sunday that more than 50 countries targeted by President Donald Trump's new tariffs have reached out to begin negotiations over the sweeping import taxes that have sent financial markets reeling, raised fears of a recession and upended the global trading system. Continue reading
Apr 06 Watch 5:31 What to know about the effect of Trump’s tariffs on globalization By John Yang, Andrew Corkery Continue watching
Apr 05 Iran’s currency falls to new record low against U.S. dollar as tensions run high By Nasser Karimi, Jon Gambrell, Associated Press Iran’s rial currency traded Saturday at a record low against the U.S. dollar as the country returned to work after a long holiday, costing over 1 million rials for a single greenback as tensions between Tehran and Washington likely will push it… Continue reading
Apr 04 Watch 6:44 Fired federal workers struggling to land new jobs in tightening white-collar sector By Paul Solman, Diane Lincoln Estes The latest jobs report came in stronger than anticipated, demonstrating again that the job market has been far more resilient than many expected. But some say the data doesn't reflect layoffs underway and that job opportunities are tightening in the… Continue watching