US EditionUS stocks drop after another stunning day of reversals as uncertainty reigns about Trump’s tariffs
- The announcement of tariffs has led to a $6.6 trillion loss in U.S. Markets over the past week.
- European Commission President Ursula von der Leyen stated the European Union offered a 'zero for zero' tariff deal, which Trump rejected during a media conference.
- Trump announced that the United States would impose 50% tariffs on China unless Beijing reversed its 34% tariffs, threatening a total of 104% tariffs if not.
- Vice President JD Vance commented that America 'borrows money from Chinese peasants to buy the things those Chinese peasants manufacture', exacerbating tensions with China.
202 Articles
202 Articles
The Times of Northwest Indiana
US stocks take nosedive
ECONOMY
Short Sellers’ Pessimism Could Be Contagious
The vultures of the stock market are making a killing. Short sellers, traders who wager on shares falling, made $159 billion in just six days as stocks dropped amid a global trade spat. Traders betting against SPY, an exchange-traded fund that tracks S&P 500 stocks, racked up more than $6 billion in profits this month, according to data firm S3 Partners. Short sellers also made billions betting on the descent of individual Big Tech companies, e…
'Someone knew': Insider trading speculation abounds after Trump abruptly reverses course
The wild market fluctuations caused by President Donald Trump's tariff announcements raised questions Wednesday afternoon about the potential for insider trading.Financial markets continued to free-fall Wednesday morning over Trump's tariffs for U.S. trading partners at an average rate of 29 percent...
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