In this news:
Is a recession coming? Here’s what JPMorgan and other banks, analysts, and economists say
Economists are sounding the alarm over the threat of a recession in the U.S. as uncertainty reigns over tariffs and the job market begins to feel pressure from layoffs.
The Dow plunges 890 points as recession fears mount. The Nasdaq and the S&P 500 bleed even worse
Stocks fell sharply on Monday as Wall Street’s fears tied to President Donald Trump’s tariffs continue to pressure the market and investors wait for new economic data, especially inflation on Wednesday.
Tesla stock is back where it started
After Donald Trump was named the president-elect of the United States, Tesla (TSLA) stock roared, reaching new highs. But backlash over CEO Elon Musk’s relationship with the president has erased all of those gains.
The 5 states in America most dependent on federal funding — and the 5 least dependent
President Donald Trump and DOGE boss Elon Musk are on a mission to significantly cut federal spending by $1 trillion this year — laying off workers, canceling contracts, and slashing budgets across all departments.
Blame Trump’s tariffs for the stock market carnage, strategists say
President Donald Trump triggered Monday’s stock market sell-off with his shifting tariff policies, which are bad news if they’re tactical and even worse if they’re long-term strategies, market observers said.
The Magnificent Seven tech stocks plummet as the Nasdaq marks worst day in three years
The so-called Magnificent Seven tech stocks fell sharply Monday, sending the Nasdaq down 4% in what has been its worst day since September 13, 2022, when the Nasdaq composite shed 5.16%.
The S&P 500 could plunge 5%, Morgan Stanley warns
With post-election gains in the rear-view mirror, Morgan Stanley’s (MS) chief U.S. equity strategist is raising some concerns about the fate of the S&P 500 through at least June. The gist? The Trump bump may morph into a protracted slump.
Bitcoin is here to stay but meme coins have hurt the crypto market, Anthony Scaramucci says
Anthony Scaramucci, who recently authored The Little Book of Bitcoin and previously worked for Trump, breaks down the news in the crypto market
Bitcoin will hit $200,000 by 2026, Anthony Scaramucci says
Regulatory clarity and new directives from the Trump administration will play a large role
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