The S&P 500 index crashed by almost 5% on Thursday as the market reacted to Donald Trump’s tariffs on imported goods. It plunged to a low of $5,400, its lowest level since August last year and 12% below its highest level this year, meaning that it is in a deep…
AT&T stock price continues to fire on all cylinders and is now sitting at a record high as its turnaround efforts continues. It has jumped in the last four consecutive weeks, meaning that it has surged by 75% in the last 12 months. This surge means that it has beaten…
US President Donald Trump’s long-awaited unveiling of his trade plans, dubbed “Liberation Day,” has sent shockwaves through global markets, but what exactly is being liberated remains a subject of intense debate. Is it the US economy from global competition? The US dollar from its position as the world’s reserve currency?…
The global fashion industry is grappling with the fallout from President Donald Trump’s announcement of sweeping new tariffs, the most comprehensive trade restrictions seen in nearly a century. The move, which targets some of the largest apparel manufacturing hubs globally, has sent shockwaves throughout the sector.In a statement from the…
Cannabis stocks have plunged this year, continuing a trend that has been going on in the past few years as the bubble bursts. Most of them have lost over 50% of their value this year, and are down by over 80% from their all-time highs. Why cannabis stocks crashedThese companies have…
The Dow Jones Industrial Average (DJI) has plummeted this week as the US economic risks jumped following Donald Trump’s Liberation Day speech. It plunged to a low of $40,545 on Thursday, its lowest level since September 11. It has crashed by 10% from its highest point this year as it…
The Nasdaq 100 Index has slumped into a technical correction this year, falling by over 16% from its highest level in January. It has crashed to a low of $18,520, its lowest level since August 9 of last year. The tech-heavy index has crashed as concerns about the American economy and…
President Trump sent global financial markets tumbling down this week as he announced steep new tariffs on a whole bunch of countries, including a 34% duty on China and 20% on the EU.Amidst the chaos, there are two US based retailers that actually stand to benefit from Trump’s trade policies:…
The chairman of BP, Helge Lund, is set to step down, marking the end of an era defined by the company’s ambitious but ultimately unsuccessful foray into green energy.The oil giant announced on Friday that Lund would be relinquishing his role “in due course.” The announcement comes amid mounting pressure…
A sweeping package of trade tariffs announced by US President Donald Trump triggered a brutal sell-off across global markets on Thursday, wiping out $208 billion from the fortunes of the world’s 500 richest individuals. The shock drop marks the fourth-largest single-day decline in the Bloomberg Billionaires Index’s 13-year history and…