Market Turmoil: Dow Suffers Worst Single-Day Drop of 2025 as Trump Tariff Fears Mount
Wall Street experienced a dramatic selloff with the Dow plunging 748 points amid concerns over proposed Trump administration tariffs and worrying economic data. Consumer sentiment hit lows while inflation expectations reached a 28-year high, driving investors toward defensive sectors.
Yuan Weakens Amid US-China Trade Tensions While Yen Strengthens
Chinese currency faces downward pressure as Beijing announces retaliatory measures against US tariffs, highlighting growing market uncertainty. Meanwhile, Chinese tech shows resilience with DeepSeek's new chatbot launch, though trade concerns persist.
SoftBank and Trump Unveil $100 Billion Tech Investment Plan for US
SoftBank CEO Masayoshi Son and President-elect Trump announced a massive $100 billion investment commitment in US technology projects over four years. The Japanese tech giant aims to create 100,000 new jobs focused on AI and infrastructure, doubling their previous $50 billion pledge.