From Yahoo Finance: 2025-04-04 06:34:00

Global markets are reeling from Trump’s tariffs, sparking fears of trade wars, recession, and a $2,300 iPhone. French President Macron calls for European companies to halt US investments. JPMorgan raises worldwide recession chances to 60% due to trade tensions. U.S. tech stocks face biggest losses since pandemic. Recession fears drive bank stocks down worldwide.

Tariff-related downturns hit Wall Street with biggest losses since 2020. Tech stocks drop 7% in a day. European retaliation likely. U.S. runs trade surplus in services with Europe. Fed predicts 60% chance of global recession. Trade tensions push oil prices down. Dollar plunges despite safe haven status.

Fed Chair Jerome Powell to speak amid recession fears. U.S. and global markets see no sign of recovery. Bank stocks plummet, futures market predicts four rate cuts. Treasury yields drop below 4%. U.S. corporate ‘junk’ spreads rise above 400 basis points. Toyota hybrids face supply shortages.

Weekend reading suggestions: Trump family controls crypto venture funds. IMF critique of unfettered global capitalism. U.S. Treasuries at risk from foreign investor flight. Tesla sales decline due to Musk backlash. Toyota hybrid shortages lead to long waits for buyers. High-yield bond market faces recession fears. Events to watch: U.S. and Canada March employment reports. Fed Chair Powell speaks.



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