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President Trump’s global tariffs have sent stock markets worldwide into a tailspin, and the S&P 500 on Monday entered bear market territory for the first time since 2022. Mr. Trump has seemed unmoved by the decline. He signaled on Monday that he had no plans to back off on tariffs, insisting that they would bring…
Financial markets in Asia were hit hard by another wave of selling on Monday, with investors and economists grappling with rising odds of a severe economic downturn caused by President Trump’s significant new tariffs on imports. Trading was extremely volatile. Stocks in Japan plunged over 8 percent, while South Korea tumbled about 5 percent. In…
There was little rest on Wall Street this weekend. There was plenty of anger, anxiety, frustration, and fear. Anger at President Trump for a brash and chaotic rollout of tariffs that erased trillions of dollars in value from the stock market in two days. Anxiety about the state of the private equity industry and other…
Last March, when Rob Bresnahan, Jr., a wealthy Republican business executive, was running to represent a competitive House district in northeastern Pennsylvania, he published a letter to the editor in a local newspaper demanding an end to stock trading by members of Congress. “The trust our political leaders and institutions have from Americans is at…
Volkswagen, the German automaker, has told its car dealers that it plans to add an import fee later this month to the price of imported cars sold in the United States. The company’s move is one of the first and clearest examples of automakers using price increases to deal with the 25 percent tariffs President…
Share prices fell for a second day on Friday in Asia and Europe, and futures market trading indicated that U.S. share prices might soon slip further as well, as worries persisted about the economic effect of President Trump’s broad tariffs. The Nikkei 225 Index in Japan fell 2.8 percent. That matched a drop on Thursday…
Markets around the world shuddered on Thursday after President Trump announced across-the-board 10 percent tariffs on all U.S. trading partners except Canada and Mexico, as well as even higher tariffs on dozens of America’s other main trading partners. Futures on the S&P 500, which allow investors to trade the index outside normal trading hours, slumped…
Stocks in Asia tumbled Monday as investors braced for a week of market tumult caused by an expected announcement of more tariffs by President Trump on America’s biggest trading partners. Japan’s Nikkei 225 index fell nearly 4 percent in early trading. Stocks in South Korea and Taiwan were down more than 2 percent. Stocks in…
Trevor Milton, who was convicted by a federal jury in 2022 of defrauding investors in the electric truck maker Nikola, has received a pardon from President Trump, the White House confirmed. Mr. Milton, who founded and is the former chief executive of Nikola, was sentenced to four years in prison and fined $1 million after…
When CoreWeave, the cloud computing company vying to become the first major artificial intelligence start-up to go public, filed paperwork for a public listing earlier this month, it was a mark of optimism in an otherwise rocky market for I.P.O.s. But now that optimism has faded as the New Jersey-based CoreWeave significantly reduced the size…
