President Trump began his Wednesday with some advice for those rattled by his steep tariffs. “BE COOL,” Mr. Trump told his followers on social media after the markets opened. Just a couple of minutes later he wrote, “THIS IS A GREAT TIME TO BUY!!!” Hours after that, Mr. Trump sent the markets soaring when he paused the levies for 90 …
Read More »Tag Archives: Stocks and Bonds
Inside Trump’s Reversal on Tariffs: From ‘Be Cool!’ to ‘Getting Yippy’
For the past week, President Trump has been urging calm in the face of the financial chaos that he created and resisting calls for him to rethink his approach. “I know what the hell I’m doing,” he told Republicans on Tuesday as the massive tariffs he had imposed sent global markets into a tailspin. “BE COOL!” he said in a …
Read More »Delta Warns Trump’s Trade War Could Lead to a Recession
Delta Air Lines on Wednesday became one of the largest American companies to warn that President Trump’s escalating trade war was weighing on its business and the global economy. Delta’s chief executive, Ed Bastian, said a recession was possible as companies pulled back spending. “Everyone’s being prepared for uncertainty,” he told CNBC, “if that continues, and we don’t get resolution …
Read More »What Is a Bear Market? Are We in One?
President Trump’s global tariffs have sent stock markets worldwide into a tailspin, and the S&P 500 on Wednesday was close to tumbling into bear market territory. Mr. Trump has seemed unmoved by the decline, signaling that he has no plans to back off on tariffs, insisting that they would bring in “billions of dollars” in revenue and that other countries …
Read More »U.S. Bond Sell-Off is Another Worrisome Echo of the Liz Truss Fiasco
The parallels between President Trump and Liz Truss, Britain’s shortest-serving prime minister, are growing starker. Ms. Truss triggered market turmoil in 2022 after she proposed sweeping tax cuts that she proposed to pay for with massive government borrowing. Ms. Truss was ultimately doomed by fears of a credit crisis after yields on British government bonds spiked. Now, yields on U.S. …
Read More »Stock Market Chaos Over Tariffs Could Take Toll on Economy
This time, maybe the stock market is the economy. Financial markets around the world have plummeted in the days since President Trump announced sweeping tariffs, setting off a global trade war. The S&P 500 declined more than 10 percent in two days last week, and it swung wildly on Monday amid news of further tariffs and rumors of delays. Stock …
Read More »What Is a Bear Market? Are We in One?
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 in “billions of dollars” in …
Read More »After Trump Tariffs, Volkswagen to Add ‘Import Fees’ to Cars Sold in U.S.
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 Trump imposed on car and …
Read More »Apple Leads Tech Stock Sell-Off After Trump Tariffs, Falling 9 Percent
On Thursday morning, Tim Cook, Apple’s chief executive, woke up to the worst day for his company’s stock in five years. Apple shares fell more than 9 percent in response to President Trump’s plan to put steep tariffs on products made abroad. The declines at the world’s most valuable company led a sharp sell-off in tech stocks as the Nasdaq …
Read More »Markets Remain Uneasy as Trump Prepares Sweeping ‘Reciprocal’ Tariffs
President Trump has settled on a final plan for sweeping “reciprocal” tariffs, which are expected to take effect on Wednesday after he announces the details at an afternoon Rose Garden ceremony. The White House press secretary, Karoline Leavitt, confirmed the timeline in a briefing with reporters on Tuesday, adding that Mr. Trump had been huddling with his trade team to …
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