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US President Donald Trump has been doubling down on countries by imposing extraordinary tariffs on them, in a bid that he says will bring back manufacturing to America. With China hit with a massive 145 per cent tariff, companies like Apple might be forced to move their manufacturing units to the US. The White House…
BlackRock CEO Larry Fink on Friday raised concerns over the possible negative growth of the US economy and a looming recession as the trade war escalates. “I think we’re very close, if not in, a recession now,” Fink said in an interview with CNBC. As US President Donald Trump announced reciprocal tariffs on April 2,…
The social media post landed at 9:37 a.m. in New York. “This is a great time to buy,” President Donald Trump said. Stocks had opened lower after a four-day rout wiped more than $6 trillion from equity values, leaving the S&P 500 on the brink of a bear market. Hours earlier, the harshest tariffs on…
US stock market jumps after Donald Trump’s tariff pause; Nasdaq spikes 12%, S&P 500 sees biggest gain since Oct 2008 (This is a developing story) Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified…
Indian pharma stocks, including Sun Pharmaceutical Industries, Gland Pharma, Lupin and others traded sharply lower on Wednesday after the US President Donald Trump said he will soon announce a ‘major’ tariff on pharmaceutical imports. Fall in pharma stocks dragged the Nifty Pharma index more than 2% lower. Speaking to an event at the National Republican…
The US stock markets recovered briefly before dropping again over a “fake news” report on Monday, April 7, which claimed that Donald Trump was considering putting a “pause” on US tariffs for a period of 90 days, reported multiple media outlets. In response to the development, White House Press Secretary Karoline Leavitt refuted the claim,…
Bitcoin price today: Impact of United States President Donald Trump’s global tariffs war has finally hit cryptocurrencies on April 7, with the broader markets seeing sharp sell-off at Asia open, Bloomberg reported. Coinglass data show about $745 million worth of bullish crypto bets were sold over the past 24 hours, the highest in nearly six…
Stock to buy: Vedanta share price witnessed strong selling pressure on Friday despite reporting a promising Q4FY25 production. Following the Indian stock market crash on Friday after Donald Trump’s tariffs shock, Vedanta’s share price closed at ₹402.50 apiece, recording an 8.50% dip against Thursday’s close of ₹439.50 apiece on the NSE. On Thursday, after the…
Billions of dollars worth of acquisitions and initial public offerings are on hold as Donald Trump’s trade war upends the global economy, twisting the knife into a dealmaking market that had already struggled to get going this year. Ticket platform StubHub Holdings Inc., fintech giant Klarna Bank AB and trading platform eToro Group Ltd. have…
The reciprocal tariffs announced by US President Donald Trump have raised fears of global recession amid a strong market crash. “We now expect real GDP to contract under the weight of the tariffs, and for the full year (4Q/4Q) we now look for real GDP growth of -0.3%, down from 1.3% previously,” according to a…
