This is the stock market’s worst start to a presidential term in modern history
CNN
President Donald Trump warned Americans in 2024 that a vote for Vice President Kamala Harris would be a vote for a market meltdown.
President Donald Trump warned Americans in 2024 that a vote for Vice President Kamala Harris would be a vote for a market meltdown. “You want to see a market crash? If we lost this election, I think the market would go down the tubes,” Trump said at a Pennsylvania rally in late October. Weeks earlier, Trump confidently predicted that if he lost, “the result will be a Kamala economic crash, a 1929-style depression.” Trump won the election, but he may have been right about a crash occurring after the election. Trump and his tariffs have taken a bull stock market and are on the precipice of turning it into a bear faster than any president has overseen in modern history. If the stock market closes in bear territory – a drop of 20% from a recent peak – it would be the earliest in a new administration a bull market has turned into a bear in the history of the S&P 500, which dates back to 1957. These same tariffs may also take a booming economy and turn it into a recession.
Warren Buffett is renowned for his investment advice. But the billionaire, who is retiring later this month at age 95, also is a font of spiritual wisdom.
Vinyl records are popular again, but it’s not just audiophiles or nostalgic boomers fueling the resurgence.
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Target hopes that a recapturing of its cultural cachet will spark a turnaround for its business. It’s turning to a fashion-forward New York neighborhood to get started.
Whether or not anyone wins the billion-dollar Powerball jackpot on Saturday, at least one of the losers might already be known: Mega Millions.
President Donald Trump on Thursday ordered a review of two major proxy advisory firms — companies that advise shareholders on votes — that had previously drawn the ire of Tesla CEO Elon Musk and others in Corporate America.
For many people, the economy is a simple equation: paychecks minus expenses. When it feels like our incomes are growing faster than prices, the economy is in good shape. When they’re not, it’s lousy.
A group of House Republicans handed President Donald Trump a rare rebuke on Thursday, voting to restore collective bargaining rights he had stripped from about 1 million federal workers earlier this year.
US lottery jackpots used to never reach $1 billion. They’ve done it 12 times in 5 years
Onetime cryptocurrency mogul Do Kwon was sentenced Thursday to 15 years in prison after a $40 billion crash revealed his crypto ecosystem to be a fraud.
President Donald Trump on Thursday signed an executive order that blocks states from enforcing their own regulations around artificial intelligence and instead aims to create a “single national framework” for AI.
Lululemon Athletica said on Thursday that its CEO, Calvin McDonald, will step down in January, after about seven years at the helm as the yogawear maker navigates a challenging consumer environment in the United States as well as growing competition from newer brands.
Wall Street got the rate cut it wanted. But with the Federal Reserve set to take a more cautious approach to trimming interest rates in 2026, investors are now left to wrestle with other concerns that had been put on the back burner while Fed rate cuts were top of mind.