An errant post on X may have just shaken the stock market, showing how influential — and irresponsible — the social media platform can be.
U.S. oil prices dip below nerve-wracking $60 threshold with record-high production in the balance
The tariff ripple effects should lower fuel prices but put the oil industry in its toughest financial quandary since the pandemic.
Bitcoin sinks below $80,000 in line with stocks, but may prove more resilient
Bitcoin prices are off Monday, continuing a rout that left the cryptocurrency down about 15% in the year to date.
Indian crypto exchange WazirX’s creditors approve restructuring proposal
93.1% of creditors have given a greenlight to the restructuring scheme of WazirX, the crypto exchange that suffered a $234.9 million loss in a July 2024 hack.
Bitcoin Stabilizes After Dropping to Lowest Level Since November
(Bloomberg) -- Cryptocurrencies recovered from an earlier plunge in a whipsaw day of trading triggered by President Donald Trump’s onslaught of tariffs on US trading partners. Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersThis Skinny Mexico City Tower Is Just 14 Feet Wide on One SideThe Irish Hot Press Is the Low-Tech Laundry Trick the World NeedsBoston Mayor Wu Embraces Trump Resistance as Campaign Heats UpTrump Order on CDFI Fund Risks Aid for Small Businesses, Hou
US Steel Stock Jumps as Trump Orders Review of Biden-Blocked $14.1B Nippon Deal
Shares of U.S. Steel jumped on Monday after President Donald Trump said the company's proposed acquisition by Japan's Nippon Steel should be reviewed.
Bogus report on tariff pause briefly lifted markets before White House denied it
A bogus rumor that President Donald Trump was considering a pause in tariffs briefly lifted markets Monday before the White House shot down the unfounded reports. The confusion — which was amplified on social media and by some traditional media outlets — lasted less than a half hour but reflected a jittery mood on Wall Street as stocks plunged over worries that Trump’s tariffs could torpedo the global economy. The origin of the false report was unclear but it appeared to be a misinterpretation of comments made by Kevin Hassett, director of the White House National Economic Council, during a Fox News interview earlier Monday morning.
Bitcoin, Ethereum, and Dogecoin Collapse Continues
The crypto market continued to collapse on Monday as a hoped-for reprieve from President Trump's tariffs has failed to materialize. While the stock market has recovered some of its decline, crypto continues to be in the red across the board. Bitcoin (CRYPTO: BTC) is down 4.4% in the past 24 hours as of 1:15 p.m. ET, and is down 7.6% from Friday's close.
Wall Street could be headed for a bear market. Here’s what that means
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. The last bear market happened in 2022, but this decline feels more like the sudden, turbulent bear market of 2020, when the benchmark S&P 500 index tumbled 34% in a one-month period, the shortest bear market ever. Here are some common questions about bear markets: Why is it called a bear market?
Carnage in global markets as recession fears mount
Haven assets including US Treasury bonds, the Japanese yen, and the Swiss franc soared amid fears of a worldwide recession.