Get the latest gossip
Markets In Official “Correction” Mode Amid Tariff Tensions, Possible Government Shutdown
U.S. stocks fell Thursday with the S&P 500 officially entering “correction” territory amid President Trump’s trade wars and a possible government shutdown.
Legendary investor Warren Buffett recently called tariffs “an act of war” as President Trump slaps them on countries around the world, including major trading partners Canada, Mexico, China and the EU. “Tariffs are actually — we’ve had a lot of experience with them — they’re an act of war, to some degree,” Buffett said in an interview on CBS that aired in early March. Meanwhile, the Department of Government Efficiency under Elon Musk has slashed so many jobs that some market players fear that could hurt the economy.
Or read this on Deadline