White House: Stock market plunge is not as 'meaningful' as business activity
Read more at CNBC
Topics
-
Latest news on stock markets plunging amid fears of a recession
U.S. stocks plummeted as fear among investors grows over the country's economic future. CBS News' Weijia Jiang reports from the White House, and Kelly O'Grady and Javier David have more on the ...CBS News - 6h -
Stocks plunge, market closes down on recession fears amid escalating tariffs
The major stock indexes plunged on Monday amid fears of a possible recession.ABC News - 6h -
US stocks register heavy falls as White House tries to talk up Trump tariffs
Dow, S&P 500 and Nasdaq all down by at least 2% and Tesla shares fall 15% for worst day since September 2020. The US stock market continued to drop on Monday as the White House denied that ...The Guardian - 6h -
Trump responds to market meltdown
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story White House touts record after Trump demurs on recession The Trump administration ...The Hill - 4h -
Stocks take another tumble after Trump's weekend comments on inflation
The stock market nosedived after the opening bell on Monday amid President Trump's remarks over the weekend that inflation could continue to rise. CBS News chief White House correspondent Nancy ...CBS News - 12h -
Trump and the Fed Sound More Optimistic About the Economy Than Investors
Traders are selling stocks even as Jerome Powell and the White House convey confidence about markets.Inc. - 13h -
US Secret Service shoots armed man outside White House
President Donald Trump was not in the White House at the time.BBC News - 1d -
Dow plunges 890 points after Trump declines to rule out recession
The stock market kicked off the week with steep losses Monday after President Trump declined Sunday to rule out the U.S. economy slowing into recession. The Dow Jones Industrial Average closed with ...The Hill - 7h -
Tesla shares plunge 15%, steepest drop in five years
Tesla’s selloff on Wall Street intensified on Monday, with shares of the electric vehicle maker plunging 15%, their worst day on the market since September 2020.NBC News - 7h
More from CNBC
-
DOGE chief Elon Musk says he's running businesses 'with great difficulty' as Tesla shares tank
The Tesla CEO Musk said he expected to realize $1 trillion in government savings for the Trump administration as part of the DOGE project.CNBC - 1h -
Delta Air Lines slashes earnings outlook on weaker U.S. demand, sending shares lower
Delta Air Lines cut its first-quarter revenue and profit forecasts, citing weaker consumer and corporate travel demand.CNBC - 5h -
Tesla shares plunge 15%, suffering steepest drop in five years
Tesla continued its downward slide on Monday, with the stock suffering its most dramatic sell-off since September 2020.CNBC - 3h -
Tech megacaps lose over $750 billion in market cap in worst day for Nasdaq since 2022
The seven most valuable tech companies lost more than $750 billion in market value on MondayCNBC - 6h -
China's $41 billion plan to boost consumption is just a start as deflationary pressures deepen
Chinese policymakers have increasingly acknowledged the need to counter deflationary pressure at home.CNBC - 2h
More in Business
-
Undocumented Workers, Fearing Deportation, Are Staying Home
Fearing roundups, many immigrants are staying home. Construction, agriculture, senior care and hospitality employers say labor shortages will worsen.The New York Times - 10m -
Mainland Chinese investors snap up a record amount of Hong Kong stocks to play AI
Mainland Chinese investors are piling into the Hong Kong stock market at record volumes as its tech-heavy Hang Seng Index trades around three-year highs.CNBC - 13m -
LinkedIn co-founder has known Elon Musk for years. Here’s what he says Americans don’t understand about the Tesla CEO.
Elon Musk takes a hammer-and-nail approach to everything, LinkedIn co-founder Reid Hoffman says.MarketWatch - 17m -
Japan revises fourth-quarter GDP lower, complicating BOJ's interest rate outlook
Japan's economic growth slowed to 2.2% on an annualized basis in the fourth quarter as the country grapples with tepid domestic demand.CNBC - 33m -
Asian Markets Slide as Global Sell-Off Continues
Markets in Japan, South Korea and Taiwan were down about 2 percent on Tuesday morning, after the S&P 500 had its worst day of the year.The New York Times - 35m