Nick Rummell

New Jersey

Reporter at Courthouse News Service

Freelance writer, reporter for Courthouse News, dad, husband, human

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Articles

Chaos reigns on Wall Street as tariff confusion muddles markets

1 week ago | courthousenews.com | Nick Rummell

MANHATTAN (CN) — Equities this week were as volatile as they’ve been in years, as tariff malaise prompted massive gains and losses within days of each other. It was a bleak start on Monday, with markets continuing the hemorrhaging that started last week. Equities saw a record comeback on Tuesday, after the Trump administration tried to bandage the massive bond sell-off by announcing a temporary pause in tariffs. Then Wall Street started bleeding again on Wednesday before yet another Friday rebound.
Markets worldwide suffer worst week in years in wake of Trump trade war

2 weeks ago | courthousenews.com | Nick Rummell

The Dow plummeted almost 4,000 points in two days after President Trump announced sweeping tariffs, with cracks in employment and declining manufacturing data offering no solace to investors. MANHATTAN (CN) — President Donald Trump’s tariffs have caused equities markets around the world to implode, with U.S. indices losing trillions of dollars in value in two days. On Thursday, following Trump’s tariff announcement the day before, markets suffered their worst day in five years.
Labor market regains some footing with surprising job gains

3 weeks ago | courthousenews.com | Nick Rummell

Experts predicted another lukewarm report, but the latest federal jobs numbers show a resilient labor market, though cracks are starting to appear. MANHATTAN (CN) — The jobs report for March beat out expectations, posting a gain of 228,000 jobs, much better than the 140,000 most analysts had predicted.
Wall Street wipes out last week’s gains in new round of losses

3 weeks ago | courthousenews.com | Nick Rummell

Consumer sentiment is now as bad as it was during the Great Recession, with tariff uncertainty and stubborn inflation taking their toll on investors. MANHATTAN (CN) — Investors could not pull out back-to-back weekly wins, as dismal consumer sentiment and renewed inflationary data caused equities to drop again. The week started off positively, building off last week’s gains, but quickly soured as economic data rolled in.
Tired of huge losses, investors settle for minor gains

1 month ago | courthousenews.com | Nick Rummell

After weeks of bearish sentiment, the Federal Reserve came to the rescue, helping boost investors with promises that planned interest rate cuts are still in the works. MANHATTAN (CN) — Wall Street broke a four-week losing streak, posting meager returns after encouragement from the Federal Reserve that interest rate cuts are still coming.
Bump on Friday does little to stop Wall Street rout

1 month ago | courthousenews.com | Nick Rummell

MANHATTAN (CN) — Despite a late-week rally, equities suffered another down week as investors are left scrambling over ever-changing tariff threats and withering consumer confidence. Investors have increasingly been concerned about President Donald Trump’s escalation of the trade wars with the European Union, Canada, Mexico, and China. By the closing bell, the Dow lost 1,314 points for the week, while the S&P and Nasdaq fell 132 and 442 points, respectively.
Whipsawed by tariffs, Wall Street continues to spiral down

1 month ago | courthousenews.com | Nick Rummell

President Trump’s flip-flopping on tariffs caused markets to retreat once again, as investors remain unsure what the actual policy plans are. MANHATTAN (CN) — With both Wall Street and Main Street unsure where the Trump administration will settle on tariffs, U.S. equities had one of its worst weeks in months. On Monday, markets plunged after President Donald Trump announced 25% across-the-board tariffs for goods from Canada and Mexico, as well as an additional 10% tariff on Chinese goods.
Labor market flatlines as employers confront uncertainty

1 month ago | courthousenews.com | Nick Rummell

Hiring remained stable but on precarious footing — and February's numbers don't yet register the effects of most of DOGE's job cuts. MANHATTAN (CN) — The U.S. economy added 151,000 jobs to the labor pool in February, slightly more than in January but still fewer than analysts hoped. The job gains reported Friday morning by the Bureau of Labor Statistics were just shy of the 170,000 median forecast but not as bad as some economists had predicted in recent days.
Second Circuit eradicates Amish fight over NY school vaccination mandate

1 month ago | courthousenews.com | Nick Rummell

A New York State law requiring school immunizations does not violate the constitutional rights of Amish parents or their school-age children. MANHATTAN (CN) — A New York State law requiring Amish students to receive vaccinations does not violate those students’ constitutional rights, a Second Circuit panel ruled Monday.
Bears continue to rule Wall Street following last week’s sell-off

1 month ago | courthousenews.com | Nick Rummell

MANHATTAN (CN) — Two of the three major U.S. indices declined this week, as the volatility on Wall Street continues in the wake of tariff concerns and resurgent inflation. Investor anxiety over consumer spending, sticky inflation, and tariffs have taken their toll on markets recently. By the closing bell Friday, the S&P 500 had fallen 59 points and the Nasdaq declined 677 points for the week. The Dow Jones Industrial Average managed to pick up some gains, increasing 411 points for the week.