Stock market today: Dow, S&P 500, Nasdaq futures rise after Trump announces 25% tariffs on car imports
US stock futures dropped after President Trump signed an executive order imposing 25% tariffs on car imports.
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Auto stocks slide as US tariffs send 'fatal signal' for trade
(Reuters) -Shares of global automakers took a dive on Thursday after President Donald Trump put a wall of tariffs around the U.S. automotive sector, exacerbating worries over the impact on global trade and potential hits to industry profits. Trump on Wednesday followed through on weeks of threats for new tariffs on imported cars, saying a 25% import tax on vehicles not built in the U.S. would begin on April 3. Although the duties have been well flagged, shares in automakers across the globe tumbled on Thursday, with U.S. auto giant General Motors sliding 7% in premarket trading and Ford Motor shedding about 4%.
Australia’s $1 Trillion Market Draws UK Fund Manager Coller
(Bloomberg) -- Coller Capital Ltd., a UK fund manager specializing in private market secondaries, is expanding in Australia with the launch of several funds targeting wealthy locals. Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesThe firm, whic
Here's how far stocks could drop if a full-blown recession strikes
Wall Street's forecasts are darkening amid economic uncertainty and tariff concerns. A slew of banks have slashed their outlook for stocks in recent weeks.
US Files Lawsuit for $47 Million From the Sale of Iranian Oil
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Barclays slashes its S&P 500 target to the lowest among big banks with tariff and growth concerns rising
Tariffs will eat into earnings growth, limiting gains this year, Barclays wrote. The bank is the latest to lower its outlook for US stocks in 2025.
Investors react as Trump auto tariffs rattle markets
U.S. President Donald Trump said late on Wednesday the United States will effectively charge a 25% tariff on all cars not made in the country and that the new duties on cars and light trucks imported into the United States will be permanent. This exacerbates already weak European consumer sentiment for high-ticket cars.