Simone Del Rosario
Host, Straight Money at Straight Arrow News
Business Correspondent @StraightArrow__.
Articles
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1 week ago |
san.com | Simone Del Rosario
[Simone Del Rosario]Let’s paint the picture. The U.S. puts tariffs on imported goods from around the world. Other countries retaliate by placing their own tariffs on U.S. goods. Stock markets face a deep sell-off as a global trade war builds. It sounds like today. But actually, I’m talking about what happened nearly a century ago. Gary Richardson: A lot of things made the Great Depression great or terrible, and the tariffs were certainly one of those.
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2 weeks ago |
san.com | Simone Del Rosario
JPMorgan Chase CEO Jamie Dimon cautioned that President Donald Trump’s tariff policies increase inflation and the likelihood of a recession. Chase recently put the chance of a recession this year at 60%, up from 40%. Globally, stocks have shed trillions in value due to the threat of a large-scale trade war, with significant declines in the U.S. and Asia. In January, Dimon downplayed the inflationary impacts of the tariffs, viewing them as a necessary cost for national security.
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2 weeks ago |
san.com | Simone Del Rosario
The S&P 500 touched bear market territory to open the trading day on Monday, April 7. Stock markets continued to trek in the red in response to President Trump’s tariffs. Hong Kong’s Hang Seng Index had its worst trading day since 1997, dropping 13.2%. Trump described his tariff policies as “medicine,” and the White House said more than 50 countries have reached out to negotiate trade terms.
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2 weeks ago |
san.com | Simone Del Rosario
The U.S. stock market plunged to 8-month lows following tariff-driven tensions with China. The Dow Jones fell more than 1,400 points on Friday morning, while the S&P 500 and Nasdaq dropped more than 4%, continuing Thursday’s steep declines. China imposed 34% tariffs on U.S. goods, matching U.S. tariffs announced by President Trump. Additional measures included restricting rare earth mineral exports and suspending some U.S. agricultural imports.
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3 weeks ago |
san.com | Simone Del Rosario
The stock market took its steepest dive in years on Thursday, April 3, as traders reacted to President Donald Trump’s tariff policies. The Dow Jones Industrial Average lost more than 1,600 points, the biggest hit to the index since 2020. The S&P 500 fell nearly 5% while the tech-heavy Nasdaq plunged nearly 6%. The 500 largest companies lost nearly $2 trillion in value in a single day. The U.S. was not alone in the rout. Global markets also fell, with benchmarks in Europe and Asia losing around 3%.
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A Hobby Lobby in TriBeCa? Idk about this. I need to know what Jessel Taank and Erin Lichy have to say about it. #RHONY https://t.co/iNbUl6izTB
The Trump administration shared a complicated equation they said they used to calculate tariffs countries charge the U.S. But there's actually a very simple way to get the percentages Trump put on this board, and it doesn't involve tariffs at all. https://t.co/T705naa1iT
RT @laurenfix: There’s more to Tesla’s bad quarter than Elon Musk’s politics: Analyst https://t.co/vXSNRO0XGj @SimoneReports