• Apr 03, 2025

Trump says things are 'going very well' after worst stock market drop in years over tariffs

President Donald Trump offered a rosy assessment after the stock market dropped sharply Thursday over his tariffs, saying, “I think it's going very well.” “The markets are going to boom, the stock is going to boom, the country is going to boom,” he said when asked about the market as he left the White House to fly to one of his Florida golf clubs. The Dow Jones Industrial Average dropped more than 1,600 points on Thursday as U.S. stocks led a worldwide selloff after the Republican president's announcement of tariffs against much of the world ignited a shock like none seen since the COVID-19 pandemic.

• Apr 03, 2025

US added 228,000 jobs in March as economy showed strength in buildup to Trump trade wars

U.S. employers added a surprising 228,000 jobs last month, showing that the American labor market was in solid shape as President Donald Trump embarked on a risky trade war with the rest of the world. The unemployment rate ticked up to 4.2%. The hiring numbers were up from 117,000 in February and were nearly double the 130,000 that economists had expected.

• Apr 03, 2025

Stocks of McDonald's and other fast food giants pop as reciprocal tariffs sink the wider market

Fast food restaurants have been mostly spared from the impact of Trump's tariffs.

• Apr 03, 2025

AppLovin bids for TikTok in all markets outside of China

(Reuters) -Marketing platform AppLovin said on Thursday it has submitted a bid for TikTok assets outside of China, ahead of the April 5 deadline set by the U.S. President Donald Trump to find a non-Chinese buyer for the short video app used by 170 million Americans. AppLovin said in a regulatory filing that its proposal for TikTok is preliminary and there can be no assurance that a transaction will proceed. Bidders for the short video social media company are piling up, as the weekend deadline for TikTok to find a buyer approaches.

• Apr 03, 2025

Crypto exchange Kraken registers as restricted dealer in Canada

Kraken has secured restricted dealer registration in Canada. The crypto exchange has appointed Cynthia Del Pozo as the North America GM to lead expansion.

• Apr 03, 2025

6 charts show the chaos in markets after Trump's sweeping trade war escalation

Stocks cratered and bond yields hit their lowest level since October as investors flee risk assets and predict a hit to economic growth.

• Apr 03, 2025

RH Stock Plunges 40% on Weak Earnings, Worries About Trump Tariffs. Other Furniture Stocks Fall, Too.

Shares of RH plummeted Thursday on the heels of disappointing earnings results and sweeping tariffs announced by the Trump administration.

• Apr 03, 2025

Bank stocks tank after Trump promises sweeping tariffs

Fears of a recession intensified after President Trump unveiled his plan to impose a minimum 10% tariff on all U.S. imports, and the KBW Nasdaq Bank Index tumbled by nearly 10%.

• Apr 03, 2025

Jefferies Says Beauty Stocks Are a Prudent Pick As Trump Tariffs Jolt Markets

Interparfums, Estee Lauder and Covergirl's parent company, Coty, are "defensive" investments, analysts wrote in recent note.

• Apr 03, 2025

Trump is on fire, global markets tariffied: Trading Day

On March 7, U.S. Treasury Scott Bessent said the U.S. economy could be in for a "detox period" as it adjusted to President Donald Trump's transformative policy agenda. The gyrations on Wall Street and beyond on April 3 following Trump's sweeping global tariffs the day before suggest that may be a huge understatement. U.S. stocks, the dollar and oil cratered on Thursday, bond yields plunged and volatility soared, as Trump's tariffs at a stroke darkened the near-term outlook for spending, investment, corporate earnings, economic activity and growth.