Salvadoran police officers escort alleged members of the Venezuelan gang Tren de Aragua recently deported by the U.S. government to be imprisoned in the Terrorism Confinement Center (CECOT) prison, as part of an agreement with the Salvadoran government, in Tecoluca, El Salvador, in this handout image obtained March 16, 2025. Secretaria de Prensa de la Presidencia | Via ReutersThe Supreme Court on Monday threw out the order of a federal judge who had blocked the removal of alleged members of Venezuelan gang Tren de Aragua to El Salvador without any legal process under the Alien Enemies Act.The 5-4 ruling by the high court…
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BlackRock’s Ben Powell says he remains upbeat about a specific set of investment opportunities despite the global stock market sell-off continuing on Monday. Trillions of dollars have vanished from global markets as investors flee assets set to be hit hard by President Donald Trump’s sweeping tariff regime. While economists warn that the brewing trade war spells bad news for the majority of the global economy, there are still a number of areas that could outperform during the volatility, according to Powell, BlackRock’s chief investment strategist for APAC and the Middle East. “At BlackRock we’re very excited about our prospects here…
President Trump’s tariffs rattled the market for a third session, with the Dow seeing an intraday swing of 2,595 points. Here’s what CNBC is watching Tuesday. Source link
Carter Worth, Worth Charting, joins ‘Fast Money’ to talk the technicals on the S&P 500. Source link
The Exchange Square Complex, which houses the Hong Kong Stock Exchange, on Feb. 26, 2025.Bloomberg | Bloomberg | Getty ImagesAsia-Pacific markets were set to open mixed Tuesday as U.S. President Donald Trump’s tariff policy and threats of even higher levies against China keep equities under pressure.Australia’s S&P/ASX 200 futures were at 7,392, modestly higher than its last close at 7,343.3.Japan’s Nikkei 225 futures pointed to a rebound. The futures contract in Chicago was at 32,905 and its counterpart in Osaka last traded at 32,510 compared to the index’s previous close of 31,136.58.Hong Kong’s Hang Seng index futures were at 19,653,…
President Trump’s plan to impose sweeping tariffs on most of America’s trading partners has governments across the globe racing to schedule phone calls, send delegations to Washington and offer up proposals to lower their import taxes in order to escape the levies.On Monday, European officials offered to drop tariffs to zero on cars and industrial goods imported from the United States, in return for the same treatment. Israel’s prime minister was expected to personally petition Mr. Trump on Monday in meetings at the White House. Vietnam’s top leader, in a phone call last week, offered to get rid of tariffs…
Steve Eisman of “The Big Short” fame has a message for investors: Don’t be a hero because there’s more market downside ahead. Eisman, who’s known for successfully betting against the housing market ahead of the 2008 financial crisis, warns Wall Street isn’t done discounting worst-case scenarios tied to President Donald Trump’s tariffs. “The issue is that everybody of our social class took Econ 101, and we were all taught the same thing: Trade good, tariffs bad, trade war terrible,” the former Neuberger Berman senior portfolio manager told CNBC’s “Fast Money ” on Monday. “Now, you have a president of the…
The tariff announcement was not a surprise, but its magnitude was. The 10.5% decline in the S & P 500 between Wednesday’s and Friday’s closing prices is among the sharpest in a century. Declines of this magnitude over two days are exceedingly rare and typically result from significant upheaval. There have only been five market periods with two-day returns worse than what we just experienced, and each holds a notable place in market history. During the Depression-era bear market, 10 two-day declines were more significant than this week’s, as the stock market fell by more than 90% from peak to…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyCiti’s Stuart Kaiser joins ‘Fast Money’ to talk where he thinks markets go from here after last week’s massive sell-off.04:39an hour ago Source link
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 7, 2025. Brendan McDermid | ReutersStock futures rose on Monday evening after the S&P 500 extended its losses for a third day following President Donald Trump’s tariffs announcement.Futures tied to the S&P 500 were about 1% higher, while Nasdaq-100 futures gained 1.1%. Futures linked to the Dow Jones Industrial Average jumped 476 points, or 1.2%.The moves come after yet another volatile trading day on Wall Street, which saw the highest trading volume in at least 18 years at roughly 29 billion shares:The 30-stock…
