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Global markets, Wall Street continue to slide after China slaps retaliatory tariffs on imports
Global markets slid further and Wall Street was on track for another day of crushing losses Friday after China responded to U.S. President Donald Trump‘s latest set of tariffs with some of their own. Futures for the S&P 500 fell 3.6% before the bell, while futures for the Dow Jones Industrial Average shed 3.4%, falling[...]
Fear that Trump tariffs will spark recession slashes billions of dollars from US stock values
U.S. companies had billions of dollars in value wiped out after President Donald Trump slapped sweeping tariffs on foreign imports. Virtually every sector suffered big losses Thursday as U.S. financial markets careened toward their biggest one-day drop since COVID-19 flattened the global economy five years ago. Banks, retailer[...]
Stock market today: Wall Street rises in another jittery day ahead of Trump’s tariff announcement
NEW YORK (AP) — U.S. stocks whipped through another dizzying day Wednesday in the final hours before President Donald Trump’s unveiling of the tariffs promised as part of his “ Liberation Day,” which could drastically remake the global economy. The S&P 500 rose 0.7%, but only after careening between an earli[...]
Atlantic Union completes $1.3B Sandy Spring purchase
Atlantic Union Bankshares has completed its $1.3 billion acquisition of Sandy Spring Bancorp, according to a Tuesday announcement by the parent company of Atlantic Union Bank. Each share of Sandy Spring common stock was converted into the right to receive 0.9 shares of Atlantic Union common stock, with cash paid in lieu of fract[...]
Wealth advisers reveal ways to avoid bumps
Financial markets have been remarkably resilient this year, with various stock indexes notching new record highs, even as a dizzying number of headlines from Washington, D.C., seem poised to whipsaw investors. Uncertainty persists about how the economy — and, by virtue, financial markets — will fare, given President Donald T[...]
Digital tools improve workflow, efficiency for CPAs
When David Chase started working as a certified public accountant 25 years ago, he and his colleagues kept documents in big paper binders, the kind high school students commonly used in the 1970s and 1980s. “The client would give you their paperwork, you’d make copies, put them in three-ring binders and work with pencils[...]
Wall Street tumbles, and S&P 500 drops 2% on worries about slower economy, higher inflation
NEW YORK (AP) — Another wipeout is swamping Wall Street Friday on worries about a potentially toxic mix of worsening inflation and a U.S. economy slowing because of households afraid to spend due to the global trade war. The S&P 500 was down 2% in afternoon trading and on track for one of its worst days of the last [...]
Barkin: Trump policies are creating feelings of instability
Changes in federal government policy have created a sense of instability, Federal Reserve Bank of Richmond President and CEO Tom Barkin said Thursday when discussing the year’s economic outlook. During a lecture at Washington and Lee University in Lexington, he said that at the end of 2024, businesses were “overwhelmingl[...]
Trump’s crypto empire set to expand with new stablecoin and investment fund offerings
President Donald Trump‘s crypto empire is expanding with the recent announcements of a new dollar-backed stablecoin and investment funds for digital assets. The moves are the latest in the norm-defying ways the president has leaned into crypto projects that could significantly boost his personal wealth while in office. W[...]
Stock market today: Wall Street drifts ahead of report on US consumer confidence
NEW YORK (AP) — Wall Street is holding steadier Tuesday after roaring the day before on hopes that President Donald Trump’s tariffs may not be as sweeping as earlier feared. The S&P 500 was 0.1% higher in early trading after jumping 1.8% on Monday. The Dow Jones Industrial Average was up 58 points, or 0.1%, as of[...]
Stock market today: Wall Street gains ground after shaking off four-week losing streak
Stocks are broadly higher in afternoon trading as Wall Street navigates through uncertainty amid a trade war. The S&P 500 jumped 1.4% Monday. It is coming off its first winning week after a four-week losing streak. The Dow Jones Industrial Average rose 1.1% and the Nasdaq composite rose 1.9%. Wall Street remains focused on h[...]
Stock market today: Wall Street slips and heads for a fifth straight weekly loss
NEW YORK (AP) — Stocks fell in morning trading Friday and Wall Street is veering toward its fifth straight weekly loss. The S&P 500 fell 0.6%. The index, which is a benchmark for the broader market’s health, is facing its worst weekly losing streak in nearly two years. The Dow Jones Industrial Average fell 228 [&hell[...]
