After getting into a car accident last month, Debbie Boyd held out hope that her Chevy Volt could be repaired. But the car was declared a total loss on Monday, three days before President Trump’s 25% tariff on imported cars and light trucks is set to go into effect. “It’s like the worst timing imaginable

Asian shares plummet as markets open Tokyo’s Nikkei index has opened 3.4% down after the Trump tariffs, while Australian shares are down 2%. The benchmark Nikkei 225 index was down 3.42%, or 1,222.77 points, at 34,503.10 in early trade, while the broader Topix index was down 3.32%, or 87.93 points, at 2,562.36. Nikkei average futures

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email Futures indexes tied to the three main American stock markets were all trading down on Wednesday evening, as investors braced for the impacts of the

Treasury Secretary Scott Bessent speaks to reporters outside the West Wing after doing a television interview on the North Lawn of the White House on March 13, 2025 in Washington, DC.  Andrew Harnik | Getty Images Treasury Secretary Scott Bessent said Wednesday the sell-off in the stock market is due more to a sharp pullback in

April 2, 2025, 3:40 p.m. ET America’s major export industries, such as soybeans and corn, have urged the Trump administration not to damage the export markets their sales depend on.Credit…Rory Doyle for The New York Times In the run-up to Wednesday’s tariff announcement, companies large and small had been lobbying the Trump administration about a

Thomas Fuller | SOPA Images | Lightrocket | Getty Images Trump Media‘s stock slid on Wednesday after the company disclosed in a securities filing the possibility of significant stock sales, including by insider shareholders such as the president’s trust. The parent company of Truth Social said in a filing dated April 1 that the company

Wednesday 02 April 2025 10:30 am Share Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp Email Share on Email (Photo by Chip Somodevilla/Getty Images) Trump’s presidency is yet to spook retail investors. In fact, many are increasing their investments, writes Carl Hazeley, the newly-appointed CEO of Finimize,

General view of a Tesla Store in Paramus, New Jersey, on March 20, 2025. Kena Betancur | Getty Images Tesla reported 336,000 vehicle deliveries in the first quarter of 2025, a 13% decline from a year ago, two days after the electric vehicle company’s stock wrapped up its worst quarter since 2022. Shares were last up

While two AI leaders with undeniable competitive moats are historically cheap, another Wall Street darling is staring down a growing number of headwinds. Dating back more than three decades, Wall Street seemingly always has a next-big-thing trend or innovation to captivate the attention of investors. For the last two-plus years, nothing has been bigger than

Fundstrat’s co-founder and managing partner, Tom Lee, is issuing a forecast for the US stock market over the near term. In a new CNBC interview, Lee says markets are “really oversold” currently following a correction that has come amid fears over US tariffs. According to the Fundstrat co-founder, investors are currently facing uncertainty, but there

Share Mallory McMorrow jumps into Michigan’s Senate race with a call for change in the Democratic Party Michigan state Sen. Mallory McMorrow is jumping into the race to replace retiring Democratic Sen. Gary Peters, planting her flag in what’s expected to become one of the highest-profile Senate races of the 2026 midterms.  McMorrow, a Democrat,

White House press secretary Karoline Leavitt holds up a chart showing tariffs on American goods as she speaks with reporters at the White House on March 31, 2025. Saul Loeb/AFP hide caption toggle caption Saul Loeb/AFP On Wednesday, President Trump is set to unveil what he has been calling “reciprocal tariffs” — taxes on imported

United States reciprocal tariffs take effect on Wednesday, April 2, with President Donald Trump warning on Sunday that “all countries” will be affected. At the same time, Trump on Monday said that compared with tariffs imposed by other countries on US imports, what he would announce would be relatively “kind“. Trump has described April 2

Danger for markets is that tariff uncertainty drags on: RBC Brewin Dolphin Uncertainty may keep having a “spook effect” on markets even after U.S. President Donald Trump’s highly anticipated tariff announcement on Wednesday, Zoe Gillespie, chartered wealth manager at RBC Brewin Dolphin, told CNBC’s “Squawk Box Europe” on Wednesday. “The danger is we don’t get

Key events Show key events only Please turn on JavaScript to use this feature ‘Business Vikings’ to make millions from takeover of Bakkavor by Greencore Joanna Partridge In corporate news, two Icelandic brothers, described as “business Vikings”, are to set to make millions after their ready-meals company Bakkavor agreed to be taken over by competitor

There are years when nothing happens, and quarters when years happen, to paraphrase Vladimir Lenin. The first quarter of 2025 was a doozy for investors. The Morningstar US Market Index entered correction territory at one point, unsettled by the DeepSeek AI disruption, major policy uncertainty around tariffs, and fears of “stagflation.” “Risk off” has been