Markets shed over $1 trillion in a day as both crypto and major tech stocks experience steep declines amid tariff-related uncertainty.
Global markets on Thursday were severely rattled by President Donald Trump’s historic tariff announcement, which threatens to throw the US and the rest of the world into a recession.
The whole U.S. stock market is feeling the pain from the sweeping new tariffs that President Trump announced Wednesday after the market closed.
Fed Chair Jerome Powell’s remarks and the March nonfarm-payroll report on Friday will need to deliver for a stock market reeling from a brutal selloff.
The Asia-focused "Liberation Day" tariffs “could blow up Apple,” one analyst noted, as the iPhone maker led a near $800 billion magnificent seven slide.
Marketing platform AppLovin said on Thursday it has submitted a bid for TikTok assets outside of China, ahead of the April 5 deadline set by U.S. President Donald Trump to find a non-Chinese buyer for the short video app used by 170 million Americans.
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Uncertainty in financial markets pushes bond yields down, but keeps mortgage rates higher than they otherwise would be.