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Wall Street stocks declined sharply on Wednesday after data showed the US economy contracted in the first quarter, deepening concerns about the economic impact from President Donald Trump’s tariff policies. As of 1:10 PM Eastern time, the S&P 500 was down 1.2%. The Dow Jones Industrial Average was down 0.8%, and the Nasdaq Composite was…
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,…
By Caroline Valetkevitch, Amanda Cooper NEW YORK/LONDON -The latest escalation in the trade war between the United States and China rattled global markets again on Wednesday, with Treasuries and the U.S. dollar falling in a selloff of some U.S. assets. U.S. stocks edged higher, however, led by gains in technology shares as investors weighed whether…