News

Wall St's withering stock selloff has now wiped out virtually all post-election gains and risks turning into a momentum-driven rout unless there's some change in the darkening economic picture or the uncertain U.S. government trade policy stance. While watching this jarring picture unfold in U.S. markets, I'm taking a look today at the European defense spending reboot and the extent to which it may seed another round of joint borrowing by European Union countries. Today's Market Minute * President Donald Trump’s tariffs have spooked investors,with fears of an economic downturn driving a stock marketsell-off that has wiped out $4 trillion from the S&P 500’s peaklast month.

U.S. government decisions are hurting the North American market disproportionately, consumer goods and adhesive maker Henkel said on Tuesday, the latest company to warn about uncertainty caused by President Donald Trump's trade policies. "For sure what is happening in the U.S. in terms of decisions, that's impacting especially the North American market overproportionally and is also impacting us," Carsten Knobel, chief executive of the Persil detergent and Loctite glue maker, said in a call with investors. Stocks slumped globally on Monday, while U.S. bond yields dropped as investor worries about the potential economic slowdown were exacerbated after Trump did not rule out a recession resulting from his tariffs.

CEOs like JPMorgan’s Jamie Dimon and Meta’s Mark Zuckerberg sold stock recently.

Wall Street's main indexes fell in choppy trading on Tuesday after U.S. President Donald Trump announced fresh tariffs on Canada, adding to investor unease that his trade policies could trigger an economic slowdown. Trump doubled his planned tariff on all steel and aluminum products coming into the U.S. from Canada, bringing the total to 50%, in response to the province of Ontario placing a 25% tariff on electricity coming into the United States. Global markets have been roiled ever since Trump sparked back-and-forth tariff moves against major trading partners such as Canada, Mexico and China.

(Bloomberg) -- US stocks have gone from scaling record highs to flashing recession worries in a matter of weeks.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpWhere New York City's Zoning Reform Will Add HousingInside the ‘Not Architecture’ of High Line Designers Diller Scofidio + RenfroWhat began as a mild decline in the most

(Bloomberg) -- From ditching US stocks for Chinese peers to buying the yen and the euro, traders are running for cover as they ponder how a US markets meltdown may unfold.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpWhere New York City's Zoning Reform Will Add HousingInside the ‘Not Architecture’ of High Line Designers Diller

The latest contender is Manus, a Chinese AI agent being hailed as the next potential "DeepSeek moment."