Stocks aren’t the only thing that have collapsed in short order over since Trump’s tariffs have taken effect. The University of Michigan’s Consumer Sentiment preliminary April data released on Friday revealed astounding declines in how consumers feel about the economy. Many of the gauges in the survey have seen sentiment deteriorate to levels seen in
A fresh inflation report tanked stocks on Friday, as investors reacted to data that showed prices rose faster than expected last month. Major US indexes opened lower and dropped steadily through the morning. The sell-off accelerated around midday, with the Dow Jones Industrial Average losing over 600 points and the Nasdaq Composite plunging more than
Trump said student loans are moving out of the Department of Education and into the Small Business Administration. He also said that HHS will be taking over “special needs” and nutrition programs. This comes one day after Trump signed an executive order to begin eliminating the Department of Education. Student loans are moving to the
Stocks have faced volatility in recent weeks amid macroeconomic uncertainty. Recession fears are rising due to weakening labor market signals and tariffs. Meanwhile, global AI competition threatens some of the biggest tech stocks in the market. Stocks have endured a bumpy period over the last few weeks amid a chaotic start to President Donald Trump’s