By Saqib Iqbal AhmedNEW YORK (Reuters) -Alarm about the fallout from President Donald Trump’s sweeping tariffs gripped global financial markets, with Wall Street’s fear level at a five-year high while financial executives expressed shock and worry about economic growth.Trillions were wiped off stock market values as investors said they were fearful about the risk of recession ahead. U.S. stock ...
By Amanda Cooper and Dhara RanasingheLONDON (Reuters) -Global markets have been sucked into a downdraft after U.S. President Donald Trump’s sweeping tariffs, setting investors’ go-to warning lights flickering but not yet flashing red. S&P 500 companies have shed $5 trillion in stock market value, an all-time two-day plunge for the benchmark, surpassing a two-day loss of $3.3 trillion in Ma ...
By Anna TongOAKLAND (Reuters) - - Billionaire Elon Musk’s lawsuit against OpenAI will go to a jury trial in spring 2026, the federal judge presiding over the case decided on Friday. Last month, OpenAI and Musk agreed to fast-track a trial over OpenAI’s for-profit shift, the latest turn in a grudge match between the world’s richest person and OpenAI CEO Sam Altman playing out p ...
By Trevor Hunnicutt, Mei Mei Chu and Susan HeaveyPALM BEACH, Florida/BEIJING/WASHINGTON (Reuters) -Global stock markets plummeted further on Friday after China said it would strike back at U.S. President Donald Trump with additional tariffs of 34% on U.S. goods, escalating a trade war that has rattled investors and fed fears of a coming recession.The trade war has spurred the biggest market losses ...