4 h. ago How do you price the risk of ‘economic nuclear winter’? The market hasn’t a clue | Nils Pratley

While US bosses look terrified of being labelled unpatriotic over Trump’s tariffs, stock markets are trading on guessworkVolatility grips global stock markets as Trump insists on tariff ‘medicine’What is the correct level of fall in the stock market if the US president declares economic war on the rest of the world even at the risk of causing a recession in his own country? Does 10% capture it? Or 12%, which was roughly the S&P 500 index’s three-day decline by the time the London market closed on Monday? Or 15%? How about 20%? More? A lot more?During three straight days of heavy falls in the share prices everywhere, a striking feature has been the absence of wise old market heads popping up to argue that the panic is perhaps a little overdone and fair value is emerging. Instead, the collective mood is stuck in bewildered mode for understandable reasons. Continue reading...

Economics

7 h. ago How ‘crypto president’ Trump caused biggest crash in history

More than $1.3 trillion has been wiped from the market since January, writes Anthony Cuthbertson, as pro-Trump investors lament ‘self-induced economic nuclear winter’

Politics

7 h. ago Trump tariffs live: US stocks plunge on opening after EU warns it is ready to retaliate in trade war

US president describes sweeping tariffs as ‘medicine’ as billionaire Trump backer calls for pause to avert ‘economic nuclear winter’

Events

8 h. ago Trump tariffs live: FTSE sinks in market chaos as EU says it is ready to retaliate against US

US president describes sweeping tariffs as ‘medicine’ as billionaire Trump backer calls for pause to avert ‘economic nuclear winter’

Economics

10 h. ago Donald Trump's 'tariff war' will cause 'economic nuclear winter' claims billionaire supporter

Hedge fund manager Bill Ackman has warned that Trump's tariffs will 'destroy confidence' in the US for trading and investment.

Economics

10 h. ago Trump tariffs live: FTSE sinks in market chaos as fears grow US president will trigger global recession

US president describes sweeping tariffs as ‘medicine’ as billionaire who endorsed Trump calls for pause to avert ‘economic nuclear winter’

Politics

14 h. ago Trump tariffs carnage threatens 'economic nuclear winter' as FTSE and global markets in Black Monday meltdown

Britain was racing to save its car industry from the US import levies

Economics

16 h. ago Black Monday fears as Trump's tariffs send Asian stocks plummeting and US President says 'medicine' is needed

Billionaire fund manager and Trump supporter Bill Ackman has warned the tariffs could spark an ‘economic nuclear winter’

Politics

3 d. ago Apple iPhone prices could soar to £2,700 due to Trump's tariffs, says analyst

Apple faces a tough choice: absorb the costs and risk growth or pass them on to consumers with eye-watering price hikes

Economics

1 week ago Putin vows to 'finish off' Ukraine and mocks Britain for its economy as he boards nuclear submarine in Arctic during Vance's 'hostile' visit to Greenland 

The Kremlin chief's comments reflect his growing confidence in the fate of his war in Ukraine, not least because the United States is holding Volodymyr Zelensky over a barrel.

Politics

2 w. ago Lennon Miller sees Celtic 'risk' rocketing Motherwell price as McGinn deja vu unlocks unseen Premier League path

The 18-year-old is now part of the senior Scotland set-up - and even more clubs are set to be alerted to a potential deal

Events