1 week ago The rare dreaded 'Death Cross' just flashed in the US stock market and now experts fear a Wall Street crash

A rare 'death cross' appeared on the US stock stock market this week, sparking fears that a downturn could be on the horizon.

Events

2 w. ago UK and G7 allies look at lowering ‘meaningless’ cap on Russian oil exports

Limit of $100 a barrel said to be ineffective with the price of crude having crashed in response to Trump’s trade warThe UK and its G7 allies are considering tightening the “meaningless” cap on Russian oil export prices after Donald Trump’s trade war caused global oil markets to crash.UK Treasury officials are understood to be looking at plans to lower the $60 (£46) a barrel cap Russianexports after the oil market plunged this week to $59.77 a barrel for the first time in more than four years. Continue reading...

Politics

2 w. ago BP dropped its green pledges and turned back to oil. Now the price of crude has collapsed

At its AGM this week, the company will face not only the activist investor at its heels, but a global economy being changed from the White HouseAfter Donald Trump’s “liberation day” on Wednesday last week, BP lost almost a quarter of its market value in a share price rout even deeper than the oil giant endured in the wake of the Deepwater Horizon disaster. The collapse in global oil prices in the wake of the US president’s ­tariff blitz may have wiped billions from its ­market value – but Trump isn’t BP’s only problem.The oil company will face shareholders this week for the first time since it bowed to investor pressure to abandon its green energy ambitions in favour of a return to fossil fuels, and its chair, Helge Lund, agreed to step down from the board. Continue reading...

Politics

2 w. ago Donald Trump is now badly wounded. Europe can seize an advantage | Will Hutton

It’s time to fashion a new global trade order without the USThe game-changing geopolitical event last week was the near collapse of the immense $29tn ­market in US government debt, threatening the stability of the American and global financial system and the safe-haven status of dollar assets.The US president boasted as the collapse unfolded that world leaders were queueing to “kiss his arse”. Twelve hours later, he was in the same humiliatingly weak position as the then British prime minister Liz Truss found herself after her tax-slashing “mini-budget” in 2022. The markets had forced him to pause for 90 days the swingeing range of “reciprocal” tariffs that he announced on what he proclaimed “liberation day”; instead he lowered all of them, bar that on China, to 10%. Continue reading...

Politics

2 w. ago Trump's approval rating takes a hit amid tariff war and market turmoil

Like the stock market this week, President Donald Trump 's approval rating is sliding downward.

Events

2 w. ago Rep. Marjorie Taylor Greene bought stocks hit hard by Trump tariffs during the market meltdown

Marjorie Taylor Greene bought some high profile stocks last week as other investors were bailing out of the market

Politics

2 w. ago Where do the tariffs stand now? Mapping Trump’s week of market chaos

The president’s week of upheaval drew to a close after he issued a 90-day pause on ‘reciprocal’ tariffs

Politics

2 w. ago Donald Trump tariffs LIVE: US President's reason for pausing tariffs

US President Donald Trump's announcement of blanket on friends and foes alike last week, wiping out trillions of pounds from stock market values across the globe

Politics

2 w. ago Fact check: are US tariffs really bringing in $2bn a day as Trump claims?

US president may have used some hypothetical maths but chances are slim that such sums are being raisedBusiness live – latest updatesDonald Trump has defended his tariffs by arguing that they are already raking in almost $2bn (£1.6bn) a day for the US.Speaking after more than $5tn of losses on the US stock market since his “liberation day” announcement last week, he made the claim on Tuesday, adding: “America is going to be very rich again, very soon.” Continue reading...

Politics

3 w. ago Fox News host Jesse Watters takes stunning dig at Trump for golfing while markets crash as he admits 'I'm afraid'

Fox News host Jesse Watters surprised viewers by gently criticizing Donald Trump for golfing while the stock market collapsed following last week's tariffs announcement.

Events

3 w. ago Will the tariffs lead to a recession? Here's how to know if we're in one

President Donald Trump’s sharp tariff hikes last week have sent the stock market into a tailspin, raised alarm bells among Wall Street executives, and heightened many economists’ worries that the U.S. could tip into recession

Economics

3 w. ago Big Tech, banks and small caps end week in bear market territory

Fed chief Jay Powell warns that Trump’s levies will slow US growth and increase inflation

Economics

3 w. ago Stock market closes week in bloodbath as Trump’s tariffs cause historic two

Friday’s stock market comes after a historically bad day as investors react to Trump’s tariff plan

Politics

3 w. ago Trump’s tariffs rollout sees stock market suffer worst week since 2020 as Dow drops 2,200 points by close: Live updates

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stock markets plummeting and wiping out $5 trillion in two days

Politics

3 w. ago Believe it or not, there are some winners in the stock market this week

Most of the numbers on Wall Street this week were red, but not all of them

Politics

4 w. ago Stock market spooked by Trump’s reciprocal tariffs on all countries this week

Sweeping levies are set to go in effect on Wednesday, which Trump has dubbed ‘Liberation Day’ for America

Politics