The Standard & Poor’s 500 index of leading U.S. stocks lost 7.7 percent of its value during Donald Trump’s first 100 days in office, the worst outcome for any president’s first three months since Gerald Ford came to the White House in 1974, the Financial Times has calculated.
Last month, U.S. factories continued to cut back their output, reflecting a trend to thrift among consumers and worries over the impact of Donald Trump’s global trade war.
U.S. employers took on an additional 177,000 nonfarm workers last month, signaling “a healthy state of balance” in the labor market, The Wall Street Journal said. The unemployment rate held steady at 4.2 percent.
After the U.S. equity markets rebounded from Donald Trump’s April 2 Liberation Day tariff slump, we forecast a pause and then more downward pressure on the market front.
When Donald Trump won the race to the White House back in November, there were high expectations that the equity markets would spike, the value of the dollar would rise and it would be high times for the Merger and Acquisition Gang.
The Federal Deposit Insurance Corp. (FDIC) and Federal Reserve Board have withdrawn statements issued in 2022 and 2023 that were intended as guidance for banks in dealing with cryptocurrencies.
Colgate-Palmolive, which makes hundreds of consumer products from pet foods to Ajax cleanser, has cut its sales growth outlook from 3 to 5 percent this year to 2 to 4 percent. Profits will be flat, CEO Noel Wallace said in a 25 April earnings call.
Sales of so-called durable goods—items designed to last at least three years—jumped 9.2 percent in March, year on year, as businesses and households both brought planned purchases forward in time to beat Donald Trump’s 2 April “Liberation Day” tariff blitz.
In March, home sales dropped 5.9 percent below February’s number, the worst month-to-month decline since November 2022, the National Association of Realtors (NAR) reported.
In the week ending 19 April, the number of new claims for unemployment insurance rose from 216,000 to 222,000.