Business

(NEW YORK) — U.S. stocks tumbled at opening on Monday as President Donald Trump’s tariffs stoked fears of a wider global trade war and Wall Street firms sounded alarms about a possible recession. The sell-off hit U.S. firms hours after a historic rout in foreign markets. The Dow Jones Industrial Average plummeted 1,600 points, or […]

(HONG KONG) — Key global stock markets tumbled upon opening on Monday as the world’s reaction to President Donald Trump’s tariffs campaign continued — and as U.S. futures signaled more turmoil for American markets. In the U.S., Dow Jones futures were down about 1,200 points or 3.33% on Monday morning. S&P 500 and NASDAQ futures […]

(NEW YORK) — U.S. consumers are going on a tariff-induced shopping spree. From furniture, to appliances, to alcohol, Americans are rushing to buy before President Donald Trump’s sweeping tariffs are felt at the checkout counter. Economists say the tariffs are expected to increase prices for everyday items and many are now raising the likelihood that […]

(NEW YORK) — U.S. stocks closed down significantly on Friday after a continued selloff amid fallout from President Donald Trump’s “Liberation Day” tariffs. The Dow Jones Industrial Average plummeted 2,230 points, or 5.5%, while the S&P 500 plunged 6%. The tech-heavy Nasdaq declined 5.8%. The decline put the Nasdaq into bear market territory, meaning the index […]

(NEW YORK) — President Donald Trump on Friday said he is extending the deadline for TikTok to be banned or sold off by its Chinese-owned parent company, ByteDance. The previous April 5 deadline will be pushed 75 days, Trump said in a post to his social media platform. It’s the second time he has pushed […]

(NEW YORK) — President Donald Trump on Friday extended the deadline for TikTok to be banned or sold off by its Chinese-owned parent company, ByteDance. The move comes as Walmart is actively considering joining a group of investors to buy TikTok, according to sources close to the deal, who say Walmart’s interest was triggered by […]

Tom Williams/CQ-Roll Call, Inc via Getty Images (WASHINGTON) — Fed Chair Jerome Powell said Friday he expects President Donald Trump’s tariff policy to hike prices and slow economic growth, while noting that key economic indicators “still show a solid economy.” Policy changes implemented by the White House have contributed to a “highly uncertain outlook,” Powell […]

(NEW YORK) — U.S. stocks continued their slide in early trading on Friday, just hours after China announced retaliatory tariffs in response to President Donald Trump’s “Liberation Day” levies. The Dow Jones Industrial Average plummeted 925 points, or 2.25%, while the S&P 500 dropped 2.4%. The tech-heavy Nasdaq declined 3%. On Friday, China said it […]

(NEW YORK) — U.S. hiring surged in March, blowing past economists’ expectations and defying concern on Wall Street about a possible economic recession, government data on Friday showed. The U.S. added 228,000 jobs in March, according to data from the U.S. Bureau of Labor Statistics. That figure marked a major increase from hiring in the […]

(NEW YORK) — Hiring data to be released on Friday will offer a gauge of the nation’s economic health, just a day after President Donald Trump’s sweeping new tariffs triggered a major stock selloff. The jobs report, which details employer activity in March, is set to provide a snapshot of staff cuts imposed by the […]