Joe Rennison

2 weeks ago | nytimes.com | Joe Rennison

During the first 100 days of the Trump administration, shock waves from the chaotic tariff rollout continue to send tremors through the global financial system. One hundred days of President Trump. Seventy days of whipsaw trading in financial markets. Thirty three days of losses. More than $6.5 trillion wiped from the value of public companies. For financial markets, the 9 percent drop in the S&P 500 is on track for the worst start to a presidential term since Gerald R. Ford took over from Richard M.

2 weeks ago | flipboard.com | Joe Rennison

Gary Shilling: Disruptions from tariffs will put U.S. in recessionMarket analyst Gary Shilling says President Trump's tariffs will put the U.S. in a recession, if the country isn't already in one. He says as the …

3 weeks ago | afr.com | Ben Protess |Andrea Fuller |Joe Rennison

Ben Protess, Andrea Fuller and Joe RennisonApr 19, 2025 – 10.01am or Subscribe to save articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber? When President Donald Trump paused a punishing round of global tariffs last week, he attributed his change of heart to one main thing. “I was watching the bond market,” he said. “The bond market is very tricky.”Loading...

3 weeks ago | flipboard.com | Joe Rennison

6 hours agoDonald Trump claims tariffs are making America richDonald Trump claimed America is “taking in billions and billions of dollars” as a result of global trade tariffs. The US president said nothing he heard during a White House meeting with Italy’s prime minister Giorgia Meloni on Thursday (17 April), changed his mind about his controversial tariffs. Trump said: “The tariffs are making us rich." He added: “We're taking in a lot of money.

3 weeks ago | nytimes.com | Ben Protess |Andrea Fuller |Joe Rennison

As of August, the president's investment portfolio showed significantly more in bonds than in stocks. It is unclear if his personal holdings had any bearing on his decisions regarding tariffs. When President Trump paused a punishing round of global tariffs last week, he attributed his change of heart to one main thing. "I was watching the bond market," he said. "The bond market is very tricky."Mr. Trump should know - he had a big personal stake in it.