Stock market plunges after Trump tariff announcement

The markets closed down around 4% after President Donald Trump’s announcement to slap reciprocal tariffs on global trading partners. The S&P 500 fell 4.8%, while the Nasdaq fell 6% — both their worst since 2020. The Dow Jones Industrial Average declined 4%, or more than 1,600 — its worst sell-off since 2022.

Senators unveil bill to claw back power over tariffs amid Trump trade wars

Trade Review Act would require greater checks on tariffs in further sign of congressional disquiet over president’s plans Senior senators introduced new bipartisan legislation on Thursday seeking to claw back some of Congress’s power over tariffs after Donald Trump unveiled sweeping new import taxes and rattled the global economy with sweeping new import taxes. The … Read more

Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall Street

Economists say levies of between 10% and 50% have dramatically added to the risk of a worldwide downturn Global financial markets have been plunged into turmoil as Donald Trump’s escalating trade war knocked trillions of dollars off the value of the world’s biggest companies and heightened fears of a US recession. As world leaders reacted … Read more

Mehmet Oz confirmed by US Senate to lead Medicare and Medicaid

Former TV pitchman has close relationship with boss RFK Jr but regularly encourages Americans to get vaccinated Former heart surgeon and TV pitchman Dr Mehmet Oz was confirmed on Thursday to lead the Centers for Medicare and Medicaid Services (CMS). Oz became the agency’s administrator in a party-line 53-45 vote. Continue reading…