The U.S. stock market experienced a sharp downturn, wiping out nearly a year’s gains in days, driven by tariff announcements from President Trump. Major indices suffered severe losses: Dow Jones down 9.2%, S&P 500 down 10.5%, and Nasdaq down 11.4%, despite a positive jobs report. China retaliated with a 34% tariff on U.S. goods, overshadowing […]
The announcement of President Trump’s tariffs caused a significant upheaval in global financial markets, leading to a $2.4 trillion loss in S&P 500 market value. The wealth of the 500 richest individuals fell by $208 billion, marking a historical decline in the Bloomberg Billionaires Index. Major companies and figures such as Mark Zuckerberg, Jeff Bezos, […]