All posts tagged "Stock Market"

U.S. stocks plummeted on Thursday to their lowest since the war in Iran broke out following Trump administration comments.

The largest daily decline hit as oil prices skyrocketed after President Donald Trump signaled he was turning up the pressure on Iran to accept his terms to end the ongoing war, The New York Times reported.

“We’ll just keep blowing them away, unimpeded,” Trump said during his cabinet meeting, which was the first gathering of his top administration officials since military strikes began. ...

President Donald Trump signaled Tuesday that he would direct the American military to escort oil tankers through the Strait of Hormuz, a major global shipping corridor.

Trump and his administration have faced growing criticism over plunging stocks and the rising prices of global gasoline and oil amid the U.S. and Israel military strikes on Iran. Iran has launched counterattacks targeting other countries in the Middle East and tankers in the Strait of Hormuz, prompting the closure of the critical energy channel, according to The Washington Post.

Trump wrote the following on Tuesday on his Truth Social platform. ...

White House insiders were reportedly reeling Monday as President Donald Trump's Department of Justice launched its investigation of Federal Reserve Chair Jerome Powell, prompting anxiety over financial market disruptions.

The Trump administration was apparently in "damage-control mode" after the news heightened over the DOJ's criminal probe announcement that alleges Powell lied about the scope of renovations at the Fed headquarters, Politico reported.

"Privately, some White House officials see the episode as radioactive, with aides and allies eager to distance themselves from a probe they believe could do more damage to the White House than to Powell," according to Politico. "One of the five people familiar said some inside and close to the White House are 'freaked out' that a further threat to the Fed chief’s job security could spook the bond market."...

An analyst warns the "Trump-inflicted damage" to the U.S. economy will backfire on the Republican Party because "Americans are not fooled."

In an opinion piece for MSNBC, Helaine R. Olen, author of "Pound Foolish: Exposing the Dark Side of the Personal Finance Industry," outlines how President Donald Trump's campaign promises to bring prices down and improve the economy hasn't happened.

"Now that Trump is in the White House, Republicans are making the same mistake as Democrats during Joe Biden’s presidency: trying to convince voters that the economy is better than it is. It didn’t work for Democrats, and it won’t work for Republicans and Trump," Olen writes. ...

New reporting by Forbes revealed that at least 10 members of Congress traded Tesla stock of up to $1.27 million after Elon Musk endorsed Donald Trump for the presidency.

The three dozen trades, which occurred after July 12, 2024, raised new concerns over congressional conflict of interest since Musk is now entrenched in the federal government.

Forbes cited data from Capitol Trades, which monitors congressional activity in the stock markets....

The wild market fluctuations caused by President Donald Trump's tariff announcements raised questions Wednesday afternoon about the potential for insider trading.

Financial markets continued to free-fall Wednesday morning over Trump's tariffs for U.S. trading partners at an average rate of 29 percent. Trump posted on Truth Social, "THIS IS A GREAT TIME TO BUY!!! DJT"

After Trump announced that afternoon that he was issuing a 90-day reprieve on all tariffs except for those leveled against China, the Dow Jones Industrial Average jumped 2,500 points, while the Nasdaq surged 10%....