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Investors are worried about the ongoing trade war — and rethinking the safety and soundness of U.S. government debt.
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The health care giant's shares are down more than 50% in the last month. That's hurting the powerful U.S. stock-market index.
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The Dow Jones advanced after Trump said he wouldn't fire Fed Chair Jerome Powell and on hopes of easing tensions over tariffs with China.
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When Trump announced sweeping tariffs this month, he called it "Liberation Day." But there are fears that it may well have been the day foreign investors started to lose faith in the United States.
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The S&P 500 sank 2.2% after falling as much as 3.3% earlier. Such an amount would have vied for one of its worst losses in years before the historic swings that have upended Wall Street in recent weeks.
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Sens. Adam Schiff and Ruben Gallego have asked for "an urgent inquiry" into whether President Trump or others engaged in insider trading on advanced knowledge of his tariff policy changes.
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U.S. stocks fell a day after posting spectacular gains over President Trump's decision to pause many of his tariffs. Now, some of that relief is fading.
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President Trump's sweeping tariff policy has upended the global economy. Zanny Minton Beddoes, the editor-in-chief of The Economist, likens it to The Art of the Deal — on steroids.
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Stocks retreated for yet another day after attempting a rebound earlier in the session. Trillions of dollars in investor wealth have been wiped out since last week.
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What began as a misquoted Fox News interview led to a flood of false and misleading posts on X. Before it was corrected, stock markets rallied then plummeted again.