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Persil-owner Henkel says US policies are hurting North American market

U.S. government decisions are hurting the North American market disproportionately, consumer goods and adhesive maker Henkel said on Tuesday, the latest company to warn about uncertainty caused by President Donald Trump's trade policies. "For sure what is happening in the U.S. in terms of decisions, that's impacting especially the North American market overproportionally and is also impacting us," Carsten Knobel, chief executive of the Persil detergent and Loctite glue maker, said in a call with investors. Stocks slumped globally on Monday, while U.S. bond yields dropped as investor worries about the potential economic slowdown were exacerbated after Trump did not rule out a recession resulting from his tariffs.

Wall Street declines after Trump's fresh tariffs on Canada

Wall Street's main indexes fell in choppy trading on Tuesday after U.S. President Donald Trump announced fresh tariffs on Canada, adding to investor unease that his trade policies could trigger an economic slowdown. Trump doubled his planned tariff on all steel and aluminum products coming into the U.S. from Canada, bringing the total to 50%, in response to the province of Ontario placing a 25% tariff on electricity coming into the United States. Global markets have been roiled ever since Trump sparked back-and-forth tariff moves against major trading partners such as Canada, Mexico and China.

US Stocks Show Major U-Turn From Record High to Recession Fears

(Bloomberg) -- US stocks have gone from scaling record highs to flashing recession worries in a matter of weeks.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpWhere New York City's Zoning Reform Will Add HousingInside the ‘Not Architecture’ of High Line Designers Diller Scofidio + RenfroWhat began as a mild decline in the most

Traders Search for Havens as US Stock Selloff Rattles Nerves

(Bloomberg) -- From ditching US stocks for Chinese peers to buying the yen and the euro, traders are running for cover as they ponder how a US markets meltdown may unfold.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpWhere New York City's Zoning Reform Will Add HousingInside the ‘Not Architecture’ of High Line Designers Diller

Trump meets Corporate America as economic fears nip stocks

WASHINGTON (Reuters) -U.S. President Donald Trump will meet the CEOs of America's biggest companies on Tuesday, including many whose market value has dipped in recent days as recession and inflation fears soured consumer and investor sentiment. The Republican president is expected to speak with around 100 CEOs at a regular meeting of the Business Roundtable in Washington, an influential group of CEOs leading major U.S. companies from Apple to JPMorgan Chase and Walmart. JPMorgan CEO Jamie Dimon, Citigroup CEO Jane Fraser and Goldman Sachs CEO David Solomon also plan to attend, according to three sources.

Coinbase registers with Indian financial watchdog to offer crypto trading services

U.S.-headquartered cryptocurrency exchange Coinbase Global has registered with India's Financial Intelligence Unit (FIU), allowing it to offer crypto trading services in the country, the company said on Tuesday. Coinbase said it plans to launch its initial retail services later this year and roll out additional investments and products thereafter, but did not disclose a specific timeline. Coinbase's entry into India comes at a time when interest in the asset class has soared in the country, with many young Indians dabbling in crypto and flocking to trading academies in the hopes of supplement their regular incomes.