July 7, 2025
Sydney 29

Trump’s $5 trillion tax gamble sparks GOP revolt, market jitters; and a rare rebuke from Elon Musk

President Donald Trump is facing mounting resistance from Republican senators, financial markets, economists, and even Elon Musk, over his multitrillion-dollar tax cut plan, which critics say could explode the national debt and rattle an already wary economy.The House recently passed Trump’s proposed tax and spending cuts, but analysts say they would add over $5 trillion […]

How President Trump Caused Market Chaos

The tit for tat over President Trump’s tariffs has caused volatility in the stock market and panic on trading desks across Wall Street. Joe Rennison, a markets reporter for The New York Times, walks us through the president’s first 100 days by looking at the S&P 500, a benchmark for the U.S. stock market. Source […]

Wall Street week ahead: Big tech results, jobs data, and inflation reports set stage for busy market week

The upcoming week will be a key test for the US stock market’s rebound, as investors watch major earnings reports from Apple and Microsoft, while global trade developments could add to market volatility.According to news agency Reuters, next week’s significant economic indicators include the US jobs data, first-quarter economic growth figures and inflation updates. These […]

Navigating trade tightrope: US juggles tariff politics and global market trust

A growing split in US economic messaging is evident, as Treasury Secretary Scott Bessent’s call for international cooperation collided with president Trump’s renewed threats of trade tariffs and a hardline message from the White House press room.Speaking at the Institute of International Finance, Bessent reassured investors that the US remained committed to its global leadership […]

Saturday Night Live: ‘Stock market did a Jesus’: SNL roasts Donald Trump’s tariff chaos in Easter special

‘Stock market did a Jesus’: SNL roasts Donald Trump’s tariff chaos in Easter special In a cheeky start to its Easter episode, Saturday Night Live turned its lens on US President Donald Trump’s handling of the US economy, using biblical imagery to mock Trump’s erratic tariff decisions. The sketch began with a reimagining of the […]

Watch: Donald Trump accused of market manipulation after ‘friends make $2.5 billion and $900 million’

Trump took a U-turn on tariffs, putting a pause for 90 days. On Wednesday morning, US markets fluctuated until Donald Trump posted on Truth Social, advising it was an optimal time to purchase stocks. Approximately four hours later, he announced a 90-day tariff suspension, resulting in significant market gains.Criticism poured in after White House aide […]

Another U-Turn: Trump reverses tariffs that caused market meltdown, but companies remain bewildered | World News

WASHINGTON: President Donald Trump delivered another jarring reversal in American trade policy Wednesday, suspending for 90 days import taxes he’d imposed barely 13 hours earlier on dozens of countries while escalating his trade war with China. The moves triggered a powerful stock market rally on Wall Street but left businesses, investors and America’s trading partners […]

Trump’s crypto czar’s 5-word verdict on tariff as stock market looks up

As US stocks looked up Tuesday after days of bloodbath, President Donald Trump’s crypto czar David Sacks posted a five-word verdict that ‘Black Monday hoax is over’ — taking a swipe at experts and naysayers who predicted doom for the markets as a result of Donald Trump’s reciprocal tariffs. US stocks were higher Tuesday, setting […]

From ‘no inflation’ to ‘don’t be a Panican’, Trump defends tariffs on social media amid market turmoil

The “Wall Street mayhem” also led to a “Trump meltdown” on Monday after the US President justified “the tough days ahead” by reiterating his belief in the shock therapy through back-to-back social media posts.At 6:49 am on Monday, Trump took to his Truth Social and declared that there is “no inflation” in the US, despite […]