Stocks roared back to life Wednesday afternoon after President Donald Trump announced a 90-day delay on the most significant of his tariffs, just hours after the levies went into effect, sparking extensive carnage across financial markets.
The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite spiked at least 5% following Trump’s announcement.
Trump imposed Tuesday an additional 10% levy on the more than $400 billion of Chinese goods exported to the U.S. annually.
Musk hasn’t explicitly rebuked or endorsed Trump’s new tariff policy.
Tariffs wiped out trillions of dollars in value Thursday, much of it held by the world’s richest people.
Some of Apple’s iPhones may cost thousands of dollars, analysts say.
The islands are located in an exceptionally stormy and remote region north of Antarctica.
Reciprocal tariffs the U.S. is imposing on other countries will range from a flat 10% rate to 50%, President Donald Trump announced.
Political fallout is mounting as some Republicans are breaking with the White House on the severity of the leak.
Melissa O’Leary, CSO at Fortalice Solutions, discussed cybersecurity concerns after security leaders inadvertently added a journalist to a Signal group chat.