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 […]
‘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 […]
The bedrock of the financial system trembled this week, with government bond yields rising sharply as the chaotic rollout of tariffs shook investors’ faith in the pivotal role played by the United States in the financial system. U.S. government bonds, known as Treasuries because they are issued by the U.S. Treasury, are backed by the […]
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 […]
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 […]
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 […]
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 […]
Jim Cramer’s prediction of ‘Black Monday’ on live television went viral. CNBC host Jim Cramer predicted a 1987-like ‘Black Monday‘ coming week because of the tariffs Donald Trump imposed on countries. “If the president doesn’t try to reach out and reward these countries and companies that play by the rules, then the 1987 scenario…the one […]
White House says Trump’s full attention on Friday was on tariffs though he spent much of his day on the golf course. President Donald Trump spent much of his Friday on the golf course in Florida as the markets struggled for two consecutive days from the aftershocks of Trump’s tariffs. When Trump left his Mar-a-Lago […]
Donald Trump’s first reaction to market crash on Thursday was ‘it’s going well’ President Donald Trump Thursday said he didn’t check his 401K account (retirement savings plan) when he was asked about the market crash as a result of his tariffs on about 60 countries. “I think it’s going very well. It was an operation. […]
