US EditionUS Stocks Enter Bear Market Territory as Tariff Concerns Weigh on Wall Street
- U.S. Stocks have entered bear market territory as uncertainty over new tariffs grows, affecting Wall Street for three days straight.
- Jamie Dimon, CEO of JPMorgan Chase, warned that tariffs could raise prices and slow economic growth, possibly leading to a recession.
- Goldman Sachs revised its recession prediction from 35% to 45% due to heightened economic uncertainty.
- Bill Ackman described the tariffs as an 'economic nuclear war' that could undermine business confidence.
422 Articles
422 Articles
Wall Street could be headed for a bear market.
NEW YORK — Wall Street could soon be in the claws of another bear market as the Trump administration’s tariff blitz fuels fears that the added taxes on imported goods from around the world will sink the global economy. READ: US stocks dip after careening through a manic day The last bear market happened in
'Doesn't make any sense': Expert says Trump official 'misunderstands' how markets work
President Donald Trump's Treasury Secretary Scott Bessent doesn't appear to understand the basics of how the stock market works, analyst Natasha Sarin told CNN's Boris Sanchez and Brianna Keilar on Monday afternoon.Trump's imposition of tariffs on goods purchased from virtually every country in the world has resulted in plunging stock prices both at home and abroad, leaving officials in the Trump administration scrambling to explain it away as "…
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