World stock markets plunge again
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USA TODAY |
The S&P 500 is approaching bear market territory, while the Dow fell 1,250 points in futures trading.
The Boston Globe |
The higher rates are set to be collected beginning Wednesday, ushering in a new era of economic uncertainty with no clear end in sight.
Read more on News Digest
Major market sell-offs typically occur about once every five to 10 years, according to a study, but they come at various times for various reasons.
EU commissioner Ursula Von der Leyen said the EU's unity was its strength as she responded to news of the tariffs.
The president tried to rally confidence and courage ahead of Monday’s continuing stock market plunge while also telling Americans: "Don’t be Stupid!"
Market corrections are fairly common in the US. Since 1929, the S&P 500 has logged a correction 56 times, according to a Reuters analysis of data from Yardeni Research.
Turmoil caused by Donald Trump's tariffs continue - but the president urges people not to be "weak" or "stupid".
US stock futures pointed to another brutal session when their markets open tonight. Read more at straitstimes.com. Read more at straitstimes.com.
The stock market plunge has more to do with the surprise emergence of China’s DeepSeek artificial intelligence tool earlier this year than it does with President Trump’s policies, Treasury Secretary Scott Bessent said in an interview with Tucker Carlson released on Friday.