One hundred days of President Trump. Seventy days of whipsaw trading in financial markets. Thirty three days of losses. More than $6.5 trillion wiped from the value of public companies. For financial markets, the 9 percent drop in the S&P 500 is on track for the worst start to a …
Even before this year’s economic turmoil hit, financial anxiety among Americans was running high. Really high. Four out of five Americans in a survey for Discover last year said they were worried about their money situation, with inflation, everyday expenses and the state of the economy leading a litany of …
If the on-again, off-again tariff announcements by President Trump have struck you as unusual, that’s for good reason. Nothing like this has ever happened before. That’s the estimation of Douglas Irwin, a Dartmouth economic historian whose 2017 book, “Clashing Over Commerce: A History of US Trade Policy,” is the leading …
Wall Street billionaires are not used to being on the outside looking in. But that is where they find themselves after President Trump ignored their appeals to call off his tariff plans which they fear could endanger the economy. With the backdrop of rapidly mounting stock market losses, corporate titans …
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 …
Investors around the globe this week sent President Trump a clear message about his new tariff policy, announced triumphantly as a remaking of the economic order. They don’t like it. The S&P 500 fell 6 percent on Friday, bringing its losses for the week to 9.1 percent. Stocks hadn’t fallen …
The canary in the coal mine CoreWeave just pulled off the first big initial public offering this year — and the results were far from heartening. The company, which rents computing power to the artificial intelligence industry, shrank its I.P.O. far below initial expectations before Friday’s anticipated trading debut. That’s …
Trump stays the course Even President Trump has acknowledged that his pugnacious economic agenda is looking increasingly risky. Asked on Fox News this weekend if he expected a recession this year, he allowed only, “I hate to predict things like that.” That dodge comes as his trade war continues to …
Financial markets have been choppy since the November election, and for good reason. With the next presidential administration promising sharp policy changes on a broad range of economic issues, there is plenty to be nervous about. The new proposals are dizzying. The president-elect says he wants to deport millions of …