"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.
Wall Street took a serious tumble Monday as President Donald Trump reiterated his plan to levy 25% tariffs on imports from neighboring Canada and Mexico beginning Tuesday.
A new movement is making waves in the U.S. as it encourages consumers to not spend anything on major retailers, chains, and other corporations on Friday, gaining the support of some very influential people.
Gold soared toward the $3,000 mark on Thursday, reaching an intraday high of $2,973 and briefly surpassing $2,954 in the cash market.
A recent study revealed that for many Americans, the dream of dropping everything to travel the world has a price tag—$287,731, to be exact.
Fed members are concerned about inflation risks and support pausing interest rate cuts.
Privately-owned housing starts fell sharply in January compared to December according to data released on Wednesday.
Toll Brothers, Inc. reported lower-than-expected results for the first quarter in their earnings report, falling short of expectations--despite a rise in new contracts.
While, 19% of American consumers say they are buying more than usual, with 5% buying a lot more and 14% buying a little more.
EU countries on Wednesday agreed a new round of sanctions on Russia, diplomats said, as the bloc looks to keep up pressure in the face of US talks with Russia.
FXEasyBot's defensive protocols safeguard trading operations through automated risk management. Each market engagement follows strict capital protection rules, with predefined exit coordinates marking both profit targets and protective boundaries.
The National Association of Home Builders says builders remain pessimistic about a recovery in the next six months.
The number of accounts that are 90 or more days late is rising.
Federal Reserve Chair Jerome Powell told a Senate hearing this week that there is no rush to adjust its interest rate policy.
President Donald Trump threatened Thursday to implement reciprocal tariffs on all U.S. trading partners, acknowledging that the move could cause price increases amid reports of rising inflation.
The costs of Trump's tariffs on Mexico and Canada would be in addition to the annual increases on building materials that track closely to inflation.
