US EditionUS Stocks Enter Bear Market Territory as Tariff Concerns Weigh on Wall Street
- U.S. Stocks have entered bear market territory due to upcoming tariffs, with JPMorgan Chase CEO Jamie Dimon warning they could raise prices and slow economic growth.
- U.S. Stocks have dropped significantly, with the Dow Jones Industrial Average falling 349 points, following warnings from JPMorgan Chase CEO Jamie Dimon about rising tariffs' impacts on prices and economic growth.
- JPMorgan's chief economist predicted an increased chance of recession from 35% to 45% as tariffs tighten financial conditions, according to Dimon’s annual letter to shareholders.
- Billionaire hedge fund manager Bill Ackman labeled the tariffs an 'economic nuclear war' and claimed they could hurt consumer spending and investments.
376 Articles
376 Articles
'Doesn't make any sense': Expert says Trump official 'misunderstands' how markets work
President Donald Trump's Treasury Secretary Scott Bessent doesn't appear to understand the basics of how the stock market works, analyst Natasha Sarin told CNN's Boris Sanchez and Brianna Keilar on Monday afternoon.Trump's imposition of tariffs on goods purchased from virtually every country in the world has resulted in plunging stock prices both at home and abroad, leaving officials in the Trump administration scrambling to explain it away as "…
The Fat Cats Fall: How Trump Abandoned Wall Street for the Heartland
(Commentary) Wall Street is in uproar. On this crisp April day in 2025, the titans of finance are gnashing their teeth, their portfolios bleeding red as Donald Trump’s sweeping tariff regime sends shockwaves through global markets. The S&P 500 has plunged into bear market territory, down 20% from its recent peak, while the Dow sheds […]
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