Christian Urbina, President, CEO, and Chief Investment Officer of Prosperitus Wealth Advisors, LLC, believes this is a moment that demands clarity, strategy, and thoughtful action.
Wall Street fell in opening deals, with Nvidia shares tanking by more than six percent, and the dollar and US government bonds were under pressure again.
Retail sales climbed 1.4% in March, surpassing the modest February's 0.2% uptick, according to the Commerce Department. On an annual basis, sales were up 4.6%, with the figures adjusted for seasonal fluctuations.
Most analysts are now sounding recession alarms, but Runefelt says that's exactly the problem. "Accuracy means saying what people don't want to hear when markets are at all-time highs."
Chinese exports to the U.S. are now facing tariffs as high as 145%, signaling a major escalation in the ongoing trade conflict.
China accused Trump of unleashing turbulence in the market with the sweeping tariffs that has hit the world, and said the United States "should bear full responsibility" for the chaos.
By focusing on trade diversification, natural resource strength, and internal market efficiency, Canada can meet the moment.
Energy prices also dropped by 2.4% in March, driven primarily by a sharp 6.3% decline in gasoline costs, which outweighed the rises in electricity and natural gas prices.
Consumer prices in China fell in March for the second straight month, official data showed Thursday, as the world's second-largest economy struggles to boost spending and a trade war with the United States deepens.
As headlines swirl about looming Trump-era tariffs on Chinese imports, FashionNova decided to do what FashionNova does best: fire off a wild marketing text.
The tariffs now cover nearly all U.S. trading partners and have sparked fears of a global recession.
The move is a direct response to the United States' latest tariff hike, which added another 50% on Chinese imports earlier this week.
Critics of U.S. President Trump expressed their thoughts on the ongoing shakeup global markets—US stocks included—are experiencing following new tariffs his administration imposed on China.
The Southeast Asian manufacturing powerhouse counted the United States as its biggest export market in the first three months of the year, but its key customer has now hit it with a colossal 46 percent duties.
Billionaire hedge fund investor Bill Ackman suggested that Trump consider a temporary break from the tariff strategy—a "90-day timeout"—to negotiate better trade deals to solve the "asymmetric tariff deals and induce trillions of dollars of new investment in our country."
"Sometimes you have to take medicine to fix something," Trump said of the market pain that has seen trillions of dollars wiped off the value of US companies since the beginning of his tariff rampage.
The newly imposed tariffs are expected to have far-reaching effects across various industries. The technology sector, which relies heavily on components and finished goods from countries like China and Vietnam, may face steep cost increases.
China announced Friday it will impose a 34% tariff on all U.S. imports starting April 10, marking a significant escalation in its response to President Donald Trump's aggressive trade measures.
Some Polymarket bettors believe U.S. President Donald Trump has betrayed the American people after he announced new tariffs on various countries as part of his strategy to rebalance what he said was unfair trade with his country.
India said Thursday it was "examining the implications" of sweeping US tariffs, saying it was eyeing "opportunities" after rival competitors were harder hit by US President Donald Trump's hike in duties.
For decades, the global garment industry has been marred by tragedy—fires, factory collapses, and preventable deaths. Just recently, a fire at Brazil's Maximus factory left workers hospitalized. In India, a textile unit crumbled, claiming multiple lives. Despite decades of scrutiny, workplace safety remains an afterthought in too many corners of the industry.
The world of tech has, by far, become the greatest contributor to the global economy we have today, with the tech industry accounting for approximately 35% of the world economy and surpassing a whopping valuation of almost 40 trillion USD.
Wall Street liked what it heard from the Federal Reserve on Wednesday, surging to snap a recent slump on news that the central bank is standing firm on its interest rate plans.
Tesla's stock continues to tumble as board members and executives have sold off more than $100 million in shares.
In the United States, the tech-heavy Nasdaq Composite Index plummeted by 4.0 percent, seeing its worst day since 2022 after Trump declined to rule out the risk of a U.S. recession. The Nasdaq was bogged down by retreats in the so-called Magnificent Seven tech stocks, which include Google parent Alphabet, Apple, Amazon, Meta and Nvidia. Stocks in electric carmaker Tesla, led by Trump's billionaire advisor Elon Musk, closed more than 15 percent down.
Wall Street suffered another massive selloff Monday, driven by the economic uncertainty created by President Donald Trump's tariff policies and growing fears of a recession.
President Donald Trump signed an executive order Thursday establishing a "Strategic Bitcoin Reserve," forcefully endorsing a currency once shunned as a tool for money launderers.
Wall Street suffered through another selloff Thursday for the third time this week, a negative reaction sparked by President Donald Trump's shifting stances on tariffs.
Political disruptions, including the U.S. exit from the Paris Agreement, have raised concerns about climate policy.
Wall Street bounced back Wednesday from consecutive bad days on news that President Donald Trump is pausing the potentially devastating automobile tariffs against Canada and Mexico.
