Stocks kick off March with biggest drop in months as Trump tariffs rattle market

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  Trump tariff threats rattle consumers

  Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  Consumer confidence dips in Trump’s first month A new survey found that ...
  
  The Hill - Feb. 21
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  Stock Market Sees Biggest Declines of Trump’s Presidency So Far

  Fueling a 1.7 percent decline on Friday was an unexpected drop in the University of Michigan’s consumer sentiment index, as Americans worried about stubborn inflation.
  
  The New York Times - Feb. 21

• Stocks Post Biggest Loss of the Year on Trump’s Tariff Plans

  The S&P 500 fell 1.8 percent on Monday after President Trump doubled down on plans to impose 25 percent tariffs on Canada and Mexico starting Tuesday.
  
  The New York Times - 4h

• Wall Street stocks steady at end of volatile month despite Trump tariff threats

  S&P 500 rises 1.6% to trim February’s losses
  
  Financial Times - 3d

• Bitcoin drops to a 3-month low below $90,000 in risk-off move

  Bitcoin fell through the $90,000 level overnight, weakened by sell pressure in equities as the crypto market awaits its next market catalyst.
  
  CNBC - 6d
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  NFL reveals massive salary cap increase for 2025 season with new league year kicking off March 12

  Teams will have a much bigger allowance this upcoming season
  
  CBS Sports - 4d

• Trump’s ‘World War III’ warning to Zelensky rattled stocks. Why they quickly recovered.

  Markets are reacting like it’s “theater” and a Ukraine-Russia peace deal can still move forward, strategist says.
  
  MarketWatch - 3d

• Why Trump has gone quiet on the stock market

  The mood in markets has darkened and the central narrative around trades based on the president’s policies has soured
  
  Financial Times - 3d
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  European stocks fall after Trump’s tariff warnings

  US president has threatened 25% duties on EU imports as well as levies on other major trading partners
  
  Financial Times - 4d

More from MarketWatch

• The winner of EA’s ‘Madden’ videogame tournament will get more prize money than the NFL’s Super Bowl champions

  The Madden tournament will pay its winner $250,000, while Super Bowl champs each received $171,000.
  
  MarketWatch - 33m

• Walgreens’ breakup looms as $10 billion sale to go private is reportedly in the works

  Drugstore chain Walgreens Boots Alliance Inc. is closing in on a roughly $10 billion deal to sell itself to Sycamore Partners, a private-equity firm, which would then take Walgreens private and ...
  
  MarketWatch - 1h

• Okta delivers what some of its bigger peers couldn’t: a rosy outlook

  Unlike Salesforce and ServiceNow, Okta beat with its outlook, and its CEO said that forecast is still “prudent.”
  
  MarketWatch - 2h

• The top 10% of Americans are propping up the economy. Here’s what will happen if they stop spending.

  The wealthy are spending, but many consumers are pulling back — and the stock market is fragile.
  
  MarketWatch - 3h

• U.S. stocks are being trounced by Europe as Trump retreats from Ukraine, focuses on ‘America First’

  Increased European defense spending as the U.S. backs away from Ukraine could bolster the euro and the region’s stocks
  
  MarketWatch - 3h

More in Business

• Malaysia will take 'necessary action' if its companies are involved in Nvidia fraud case: Trade minister

  Malaysian says its authorities are discussing the issue with the data center companies and checking if the chips have gone to the right parties.
  
  CNBC - 16m
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  Guggenheim Lays Off 20 Employees as Financial Challenges Persist

  The museum has suffered from rising costs and lower attendance. The cuts followed those at the Brooklyn Museum, which trimmed 10 percent of its staff this month.
  
  The New York Times - 28m

• The winner of EA’s ‘Madden’ videogame tournament will get more prize money than the NFL’s Super Bowl champions

  The Madden tournament will pay its winner $250,000, while Super Bowl champs each received $171,000.
  
  MarketWatch - 33m

• China kicks off annual parliamentary meeting as investors watch for clues on economic policy

  Thousands of delegates across the country gathered in Beijing for the country's biggest political event of the year, known as the "Two Sessions."
  
  CNBC - 50m
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  Texas May Rename the New York Strip

  The Texas strip? That state’s lieutenant governor wants to rebrand the cut, but New Yorkers aren’t biting.
  
  The New York Times - 52m