Stocks have wild week but don’t panic despite tariff war
Jason Katz, managing director of Katz Wealth Management at UBS Financial Services, shares how he advises clients in this market environment as uncertainty about tariffs. Investors suffered a major shaking in the stock market this week with the S&P 500, the broadest measure of stocks, sinking into the correctional realm that has been surviving the […]
Gold price hits record high above $3K as investors spooked by tariff fears seek safe haven
Gold took on record prices on Friday. Frightened investors rushed to a safe shelter, fearing that President Trump's tariffs could reheat inflation and cause a slowdown in the economy. The precious metals went above $3,000 per ounce for the first time before falling below that threshold in morning trading. According to Macquarie strategists who raised […]
Trump tariff battle with Canada, Mexico, China and Europe points to early winners, losers
President Trump has been locked up in a tough tariff war with Canada, Mexico, the European Union and China to rebuild the US economy for the long term, with early winners and losers already emerging. Among the expected early winners are domestic American steel and aluminum manufacturers, such as the US steel and Cleveland cliffs. […]
Dow, Nasdaq surge to cap off chaotic week sparked by Trump tariff war
Stocks staged a recovery on Friday after a turbulent week marked by widespread selling as investors assessed the economic fallout of the Trump administration's chaotic trade policy and placed key indexes for weekly losses. In the afternoon trading, the Dow Jones industrial average jumped to 615.60 points (1.51% (1.51%) to 41,429. The S&P 500 scored […]
House Republican: Trump is 'right over the target' with EU wine tariff threat
Rep. Warren Davidson (R-Ohio) praised the threat of praise for the 200% tariff that the Bullock imported 200% tariffs from the European Union if it did not remove tariffs on US whiskey. “I think the president has the right to his target. Ohioans love Donald Trump and his message is completely made for our state,” […]
Trump threatens Europe with 200 percent tariff on wine, Champagne
On Thursday, President Trump threatened to put heavy tariffs from Europe on wine, champagne and other alcohol if the European Union does not remove tariffs on whiskey. “The European Union, one of the most hostile and abusive tax and customs authorities in the world formed for the sole purpose of using the US, has only […]
Trump Threatens 200% Tariff On European Wines And Champagnes Amid Escalating Trade Tensions
US President Donald Trump will speak at a St. Patrick's Day event with Ireland's Taoisiech Michelle Martin and his wife, Mary O'Shea, in the Eastern Room of the White House on March 12, 2025 in Washington, DC. Martin traveled to the United States for the annual St. Patrick's Day visit of Irish leaders, where he […]
Jamie Dimon on Trump tariff policy: 'Uncertainty is not a good thing'
JPMorgan Chase CEO Jamie Dimon has acknowledged that President Trump's tariff policies are causing uncertainty for businesses. This is “not a good thing.” “The average American consumer who wakes up in the morning to work doesn't think they're changing what they're trying to do because they've read about tariffs,” Dimon said. Interview with Semafor on […]
Distilled Spirits Council CEO warns European whiskey tariff could be 'very, very devastating'
On Wednesday, the CEO of the US Distillation Spirits Council warned that whisky fees in Europe would be “very, very devastating.” “We got the news early this morning, early. [European Union (EU)] We are ready to impose a 50% tariff on American whiskey. It's going to be very devastating,” Chris Swanger told News Nation's Nicole […]
Walmart gets dressing-down from China after pleading with suppliers to absorb tariff costs: report
Chinese officials warned of legal consequences after this week that they gave Walmart a dressing down and reported that retailers had pressured China-based suppliers to cover the costs of the tariffs, according to the report. authorities Summon Walmart executives to meet them Tuesday after a complaint that the discount chain is pushing Chinese suppliers down […]