Recession anxiety, tariffs, the Fed and Trump tweets shook markets.
with China likewise contributed to markets’ malaise, and Friday morning’s gains were erased after Trump demanded that UPS, FedEx and Amazon search for alternatives to China.
It’s unclear what real authority Trump actually has to force the companies to divert their China business.done by Federal Reserve chairman Jerome Powell’s Friday speech— markets had turned positive after he hinted at possible forthcoming interest rate cuts, but dropped after Trump’s tweets.“My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?” Trump tweeted Friday, in a display of his war at home and abroad.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow Tumbles As Markets Finish Fourth Straight Weekly LossRecession anxiety, tariffs, the Fed and Trump tweets shook markets.
Read more »
Dow drops as China trade war escalatesMarkets are tumbling after President Trump said he’s ordering American companies to immediately start looking for an alternative to their operations in China. Ali Velshi and Harvard professor of public policy and economics Ken Rogoff break down key recession indicators and how the trade war is tripping up our economy.
Read more »
Dow ekes out gain as bond market flashes another recession warningPresident Trump says the economy is “doing really well,” even though a major indicator of recessions, the yield curve, inverted for the third time since last Wednesday. CNN’s Boris_Sanchez reports.
Read more »
Dow plummets more than 600 points after Trump orders US manufacturers to leave ChinaAll 3 major U.S. indices plunged today after President Trump tweeted an 'order' that American companies find alternatives to their operations in China. The Dow dropped 2.36% as the S&P slipped 2.58% and Nasdaq tumbled 3%.
Read more »
Dow closes down more than 600 points after Trump orders U.S. companies to leave ChinaU.S. stocks ended the trading day sharply lower after President Trump escalated trade war rhetoric Friday, tweeting that he had 'hereby ordered'...
Read more »
Markets are jolted as trade war between the US and China escalates; Dow Jones Industrial Average drops 500 pointsJUST IN: Dow Jones drops more than 500 points as markets are jolted amid escalating trade war between the US and China.
Read more »