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Markets Rally as Trump Softens Stance on Fed Chair and China Trade
U.S. stocks surged after President Trump eased tensions by backing off criticism of Fed Chairman Powell and suggesting lower Chinese tariffs. The positive sentiment drove major indexes higher, with tech stocks leading gains as Nvidia and other AI-related companies saw significant increases.
Markets Plunge as Trump Criticizes Fed Chair Amid Trade Tensions
Former President Trump's attacks on Federal Reserve Chairman Powell and escalating global trade tensions triggered a sharp market selloff. The Dow dropped over 1,000 points while tech stocks faced steep declines amid concerns over Fed independence and tariff impacts.
JPMorgan CEO Jamie Dimon Sells $31.5M in Shares as Succession Plans Take Shape
Jamie Dimon, JPMorgan Chase's long-serving CEO, has sold $31.5M worth of shares amid talks of leadership transition by 2026. The sale follows a larger $150M stock offload in February 2024, marking a shift from his historical pattern of long-term holding.
The $70 Million Trade: Insider Information Suspected in Record-Breaking Market Move
A mysterious trader turned $2.5 million into $70 million in under an hour through perfectly-timed options trades before market-moving Trump news. The suspicious timing and unprecedented profits have sparked calls for increased scrutiny of zero-day options trading and market information flows.
Tesla Deliveries Hit Three-Year Low as Musk Controversies Impact Sales
Tesla reported a concerning 13% drop in Q1 2024 vehicle deliveries, marking its lowest point since 2022 with just 336,681 units sold. The significant decline comes amid growing consumer backlash over CEO Elon Musk's controversial public statements, putting pressure on the company's market position.
Trump Ally Warns of Economic Catastrophe Over Sweeping New Tariff Policy
Billionaire Bill Ackman and other prominent business leaders caution that Trump's aggressive new tariff plan could trigger severe economic fallout. The policy imposes duties up to 50% on global imports, sparking market turmoil and threats of retaliation from trading partners.
Markets Plunge as Trump Stands Firm on Trade War with China
Wall Street faced its worst decline since 2020 as Trump doubled down on tariff policies against China, sending the S&P 500 near bear market territory. The President remained unmoved by market turbulence while global stocks tumbled and U.S. companies with Chinese exposure suffered significant losses.
Global Markets Plunge as Trump Unveils Unprecedented Import Tariffs
U.S. stock markets suffered their worst decline in five years following President Trump's announcement of sweeping new import tariffs affecting major trading partners. The dramatic policy shift threatens to disrupt global trade and push economies toward recession, with tariffs ranging from 10% to 46% on imported goods.
Goldman Sachs Raises US Recession Risk to 35% as Economic Storm Clouds Gather
Goldman Sachs has increased its US recession probability forecast to 35%, citing concerns over tariffs, consumer confidence, and economic uncertainties. The investment bank predicts three Fed rate cuts in 2023 while lowering GDP growth estimates amid mounting challenges including massive government debt refinancing needs.