U.S. wholesale prices dropped last month, showing that inflation pressures are easing. However, President Donald Trump’s trade wars create uncertainty, with new tariffs being introduced by both China and the U.S. The producer price index, which tracks inflation before it reaches consumers, decreased by 0.4% from February. This was the first drop since October 2023,…
Author: Madison Thompson
Madison Thompson is a relentless investigator driven by one core belief: the truth matters. With a specialty in long-form investigative journalism, she’s exposed corruption, challenged corporate wrongdoing, and uncovered the stories institutions would rather keep buried.
US stocks surge as bond market fluctuates, wrapping up a turbulent and historic week on Wall Street
U.S. stocks surged on Friday after another chaotic day on Wall Street, as the falling value of the U.S. dollar and fluctuations in financial markets highlighted ongoing concerns over President Donald Trump’s trade war with China. The S&P 500 gained 1.8%, despite frequent shifts between gains and losses, capping off a week filled with dramatic…
JPMorgan reports Q1 profit of $14.6 billion, with CEO citing concerns over global trade and other uncertainties
JPMorgan’s net income grew by 9% to $14.6 billion in the first quarter, surpassing Wall Street’s profit and revenue expectations. However, CEO Jamie Dimon warned that global economic uncertainties, driven by President Donald Trump’s ongoing trade war and other geopolitical tensions, could affect the bank’s future performance. Dimon mentioned that the bank’s strong results were…
China retaliates, raising tariffs on U.S. goods from 84% to 125%
On Friday, China announced that it will raise tariffs on U.S. goods from 84% to 125%. This move is the latest in the ongoing trade war between the two largest economies in the world, shaking up markets and fueling concerns of a global economic slowdown. While President Donald Trump paused import taxes for other countries…
White House leaves the world uncertain as Trump’s new tariffs approach
Less than an hour before the stock market closed on Monday, reporters gathered in the Oval Office for their only chance that day to ask President Donald Trump about the chaos caused by his tariff plans. Were the new tariffs, set to begin on Wednesday, just a tactic to get better trade deals? Or were…
U.S. stocks fell after a chaotic day sparked by Trump’s new tariff threat
U.S. stocks had a wild day on Monday after President Donald Trump threatened to increase his tariffs, even though a strong show from Wall Street revealed how badly they want him to do the opposite. The S&P 500 dropped by 0.2% after a day filled with sudden ups and downs as the markets tried to…
Trump stands firm on tariffs, calls them ‘medicine’ amid market turmoil
President Donald Trump said on Sunday that he will keep the broad tariffs on imports from most countries unless they correct their trade imbalances with the U.S. He stood firm on his tariff plans, which have shaken global markets, raised concerns of a recession, and disrupted global trade. Speaking to reporters on Air Force One,…
Jaguar Land Rover halts US shipments while shaping response to new tariffs
Jaguar Land Rover, the company behind the well-known British car brands, is stopping shipments to the U.S. this month. This comes as a response to the 25% tax on car imports put in place by President Donald Trump, affecting Britain’s already struggling car industry. Jaguar Land Rover, one of the top car manufacturers in the…
Argentina’s Milei leans harder into Trump alliance amid global trade turmoil
Europe promised to strike back. China planned its own tariffs. Mexico rushed to soften the impact. As world leaders reacted strongly to President Donald Trump’s sweeping tariffs on U.S. imports, Argentina’s conservative president was celebrating at Trump’s Mar-a-Lago club. Eager to strengthen ties with Trump, Argentine President Javier Milei flew from his southern nation to…
A nervous Wall Street swings on tariff news, with sharp losses expected Thursday.
U.S. stocks had another chaotic day, with early gains reversing after President Donald Trump announced major new tariffs on nearly all of America’s trading partners—an action that could significantly change the global economy. The S&P 500 went up 0.7% during the regular trading session on Wednesday. The Dow Jones Industrial Average gained 235 points, or…