The Indian rupee is set to slump at open on Monday, pegged back by the selloff in Asian equities on mounting fears that U.S. tariffs would hurl the world economy into a slowdown. The 1-month non-deliverable forward indicated that the rupee will open at 85.
The party was on at a Saudi-backed LIV Golf tournament at the president’s Doral resort in Florida and a fund-raiser at Mar-a-Lago, even as markets tumbled.
Duke looked all set to play for the national title in the NCAA men's tournament before an epic meltdown against Houston caused a heartbreaking loss.
As Trump's new tariffs start to go into effect, the markets are taking historic losses and the American economy is suddenly seized by uncertainty. Where is this headed? Steve Liesman, Sami Sage, Art Cullen,
All in, the much-vaunted America-first trade — buying up assets that win when the US outperforms the rest of the world — is reversing on concern that the steepest increase in American tariffs in a century will hammer economic growth.
The losses came after China matched President Trump’s big raise in tariffs announced last week, upping the stakes in a trade war that could end with a recession that hurts everyone.
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U.S. stock futures plummeted on Sunday evening as the Trump administration showed no signs of backing off from a wide-ranging plan to impose tariffs.
President Donald Trump’s sweeping new tariffs are facing blowback from all corners – a market sell-off, foreign retaliation, anger from corporate America and skepticism from the Federal Reserve chairman and some allies in Congress.