
Why Trump caved in to the markets and paused tariffs
The blow to public debt was the final straw, following the market crash, internal criticism, and warnings from investors and business leaders
The blow to public debt was the final straw, following the market crash, internal criticism, and warnings from investors and business leaders
Global markets are facing their worst days since the pandemic, with Trump’s harsher-than-expected trade war stoking fears of a recession, triggering panic among investors, and causing an economic earthquake
The S&P 500 plummets nearly 4% in its worst day in two years. The euro surges above $1.11, and Brent crude oil sees a sharp decline of 7%
The former head of global strategy for JPMorgan had been warning of a correction since September last year. He was fired a few days before the S&P 500 plunged