Trump, Wall Street
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President Donald Trump brought back up the idea of American-made iPhones on Friday when he threatened a 25% tariff on Apple.
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Trump Is Getting Hawkish on Tariffs Again. Wall Street Is Rattled.Key Points Trump has proposed a 50% tariff on the European Union starting June 1. He also threatened Apple with 25% tariffs if the company does not make iPhones in America. As a result, the stock market is fearful again,
Wall Street, however, has calmed down. And it was not so panicked in the first place. During the recent turbulence, the VIX, a fear gauge, hit only its 24th-highest monthly level in the past 35 years. The index measures expected volatility for American stocks, based on the price investors pay for insurance.
Newly sworn-in Social Security chief Frank Bisignano, who previously was a Wall Street executive, told staffers he had to Google the SSA job when it was offered to him.
Wall Street's main indexes were on track for a lower open on Thursday after the U.S. House of Representatives passed President Donald Trump's tax bill, which is expected to burden the country with trillions in debt,
As this special report shows, financial innovation has transformed Wall Street. As in eras past, surging asset values have concealed cracks in the new financial order. Whatever dangers are lurking, Mr Trump’s presidency will make them more dangerous still. â–
WASHINGTON – A group of Democratic senators are calling on President Donald Trump to push congressional Republicans to end a Wall Street tax break he has long had in his sights.
Wall Street experts share what they think will drive stock market gains for the second half of the year.