Apr 4, 2025 | Markets
Shares of big US banks plummeted, notching their biggest two-day drop since March 2020, after China escalated its trade war with the US. Some of Wall Street’s top lenders, Morgan Stanley, Goldman Sachs Group Inc. and Citigroup Inc., all closed more than 7% lower after...
Apr 4, 2025 | Markets
Senator Ted Cruz, usually a staunch supporter of President Donald Trump, sounded the alarm on the administration’s move to ramp up tariffs, saying they pose “enormous risks” to the US economy and make Republicans vulnerable to a “bloodbath” in next year’s midterm...
Apr 4, 2025 | Markets
In every corner of the financial markets, from stocks to bonds to commodities, investors are sending Donald Trump the same unmistakable message: The trade war he unleashed is threatening to set off a worldwide recession — and fast. With China retaliating less than 48...
Apr 4, 2025 | Markets
The first signs of capitulation among normally bullish retail traders are showing up in data at JPMorgan Chase & Co. and Fidelity Investments. JPMorgan reported retail orders amount to net selling of $1.5 billion as of noon Friday, the most in the first 2.5 hours...
Apr 4, 2025 | Markets
Copper prices plunged below $9,000 a ton in the biggest drop since March 2020 as worries over the impact of a worsening trade war sparked a heavy selloff in metals and mining equities. The bellwether metal fell 6.3% to settle at $8,780 a ton in London on Friday, as...
