Wall Street sinks as investors fret about rate cuts

Wall Street sinks as investors fret about rate cuts

Wall Street tumbled on Thursday, with steep losses in Nvidia and other AI heavyweights, as investors scaled back expectations of interest rate cuts due to inflation worries and divisions among central bankers about the U.S. economy’s health. The U.S. government reopened after a record 43-day shutdown that had worried investors and disrupted the flow of…

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Dow crashes as Trump accuses China of ‘hostile’ stance; investors lose .5 trillion, duty raised to 130% post-closing bell

Dow crashes as Trump accuses China of ‘hostile’ stance; investors lose $1.5 trillion, duty raised to 130% post-closing bell

US stock markets plunged on Friday as fears of a renewed trade war intensified after President Donald Trump accused China of adopting an “extremely hostile” trade posture, sparking widespread speculation about fresh US trade measures. During trading hours, Trump took to Truth Social to allege that Beijing had sent letters to several countries announcing new…

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