72 m. ago London's FTSE 100 slumps again as Trump's savage tariffs come into force

Fears of a recession escalate as US and China slug it out in hugely damaging trade war

Politics

95 m. ago London's FTSE 100 opens heavily down again as Trump's tariffs come into force

Fears of a recession escalate as US and China slug it out in hugely damaging trade war

Politics

2 h. ago Stock markets around the world slump again as Trump tariffs come into force

Fears of a recession escalate as US and China slug it out in hugely damaging trade war

Economics

11 h. ago Wall Street plunges for 4th day as gains vanish and S&P dips below key level for first time in a year

Stocks are surging on Wall Street and around the world - offering a slight reprieve from the carnage of the past few days.

Politics

12 h. ago From 'pimping out a gay worker' to older men throwing teenage staff over their shoulders... former Foxtons employees tell of how the real estate office was like 'The Wolf of Wall Street'

Foxtons staff made a poster of a homosexual employee calling him a 'gay whore', as more ex workers tell MailOnline of the abuse they suffered while working at the estate agent.

Society

12 h. ago Wall Street slumps as hopes wane for tariff delays; US says it will implement 104% tariff on China – business live

US stock market swings wildly as investor hopes for concessions and delays on tariffs waxed then waned How ‘liberation day’ rout compares with other notorious stock market crisesWall Street traders on Trump tariffs: ‘Without doubt, we’re hitting a recession’Trump threatens additional 50% tariffs on China over retaliatory leviesSouth Korea’s government has approved Tuesday 3 June as the date for a snap presidential election, following the removal from office of Yoon Suk Yeol last week over his declaration of martial law.The move comes after Yoon’s removal after the country’s constitutional court voted unanimously on Friday to uphold parliament’s decision to impeach him over his ill-fated declaration of martial law in December. Continue reading...

Economics

17 h. ago Spare a thought for the poor billionaires who backed Trump — and hate tariffs | Marina Hyde

As the great American self-own rages on, the super-rich are beginning to break rank. Meanwhile, Elon Musk’s gone suspiciously quietTrade Wars, Episode V: The Empire Shoots Itself in the Foot. As the world financial markets fail to appreciate his genius, tariff-excreting president Donald Trump has explained it all away by stating that “sometimes you have to take medicine”. Why am I reminded of the bit in Covid where he appeared to suggest that disinfectant could helpfully be injected into the lungs? I guess that was just science, same as this tariffs plan is just economics.Even so, can it really still be less than a week since a Wall Street Journal poll found 77% of US Republicans thought tariffs would have a positive impact? Ah well. Famously, the American people have a great tolerance for pain. If only one of their kindly gazillionare firms could come up with some sort of financial opioid epidemic to take the edge off the coming agonies.Marina Hyde is a Guardian columnist Continue ...

Politics

18 h. ago The Latest: US stocks rise as global financial markets show signs of relief

Stocks are rising on Wall Street and around the world to recover some of the historic losses since last week when President Donald Trump announced sharp increases in taxes on goods imported to the U.S. The S&P 500 was up 3.4% in early trading Tuesday

Economics

18 h. ago Wall Street stocks surge higher on rising hopes of tariff deals

Stocks are surging on Wall Street and around the world - offering a slight reprieve from the carnage of the past few days.

Economics

18 h. ago Wall Street surges 3% as European markets rebound on trade deal hopes – business live

Rallies come as US Treasury secretary says he believes country can reach ‘some good deals’ with trading partnersHow ‘liberation day’ rout compares with other notorious stock market crisesWall Street traders on Trump tariffs: ‘Without doubt, we’re hitting a recession’Trump threatens additional 50% tariffs on China over retaliatory leviesSouth Korea’s government has approved Tuesday 3 June as the date for a snap presidential election, following the removal from office of Yoon Suk Yeol last week over his declaration of martial law.The move comes after Yoon’s removal after the country’s constitutional court voted unanimously on Friday to uphold parliament’s decision to impeach him over his ill-fated declaration of martial law in December. Continue reading...

Economics

24 h. ago How ‘liberation day’ rout compares with other notorious stock market crises

A swift loss of £4tn from global stock markets has led some to liken Trump’s trade war to 1929 Wall Street crashBusiness live – latest updatesDonald Trump’s escalating trade war has plunged global financial markets into the steepest rout since the spread of the Covid pandemic five years ago.Drawing parallels with the 1929 Wall Street crash and the ensuing 1930s Great Depression, the US president’s “liberation day” tariff plan has led to warnings of a global recession from leading economists. Continue reading...

Politics

25 h. ago London and Wall Street expected to open higher after calm returns to Asian markets

Less turbulent day’s trading came despite wars of words over tariffs between Washington and Beijing

Politics

26 h. ago Wall Street traders on Trump tariffs: ‘Without doubt, we’re hitting a recession’

Traders leaving the New York stock exchange were trying to make sense of another day of volatility – what comes next?Traders leaving the New York stock exchange after the bell closed on Monday were sanguine about what had been, by an measure, a day of mood swings on Wall Street, as waves of volatility shook the stock markets, each one created by another deluge of headlines around Donald Trump’s trade war and global economic uncertainty.“The markets opened down a lot, then there was a rumor that the tariffs were off, and they went back up, then all bets were off again and it went down,” said Steve Kos of Option Circle, who offered a series of trading day comparisons as he walked out on to Broad Street in lower Manhattan. Continue reading...

Politics

32 h. ago ALEX BRUMMER: This really is a global catastrophe, but the PM hasn't grasped just how vulnerable we are

Wall Street trader Bill Ackman is one of Donald Trump's most faithful backers in the financial world.

Politics

35 h. ago How actual 'fake news' sent Wall Street on a $2.4 trillion rollercoaster in just 15 minutes

Wall Street saw wild trading with the Dow Jones swinging 2,500 points between its highs and lows.

Politics

36 h. 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

36 h. ago Volatility grips global stock markets as Trump insists on tariff ‘medicine’

Wall Street swings in and out of red as turmoil from US president’s assault on world trade enters second weekTrump threatens additional 50% tariffs on China over retaliatory leviesWhich Trump-backing billionaires have lost the most?Extreme volatility plagued global stock markets on Monday, with Wall Street swinging in and out of the red as Donald Trump defied stark warnings that his global trade assault will wreak widespread economic damage, comparing new US tariffs to medicine.A renewed sell-off began in Asia, before hitting European equities and reaching the US. It was briefly reversed amid hopes of a reprieve, only for Trump to threaten China with more steep tariffs, intensifying pressure on the market. Continue reading...

Politics

36 h. ago US stocks end slightly lower after day of turbulence on Wall Street

Investors continue to assess tariff risks after heavy sell-off last week

Politics

40 h. ago Stock market volatility deepens as Wall Street faces rollercoaster opening

The US’s S&P 500 had major swings on Monday.

Politics

40 h. ago Trump threatens China with extra 50% tariffs if country fails to withdraw 34% retaliatory levies – US politics live

US president escalates trade war with China, saying all negotiations will be terminated and additional levies will take effect on WednesdayGlobal stock markets tumble over tariff ‘medicine’Wall Street falls continue – business liveWhich Trump billionaires have lost the most?EU ministers are in Luxembourg to consider the European Union’s response to Trump’s sweeping tariff regime amid continuing market turmoil and heightened fears of a global economic recession.It comes after Trump doubled down on his tariff policy in comments aboard Air Force One overnight. He said Europe “has treated us very, very badly,” and “has taken our leaders for a ride”, and declined to hold talks on changing tariffs “unless they pay us a lot of money on a yearly basis”. He also repeated criticism of Europe for not spending a fair share on Nato. Continue reading...

Politics