The Wall Street Journal

Fed, tariff fears send Dow down over 900 points

Fed, tariff fears send Dow down over 900 points
Traders work on the floor of the New York Stock Exchange on Monday in the US. (Image: Getty)
The Wall Street Journal
By Vicky Ge HuangThe “Sell America” trade intensified on Monday.President Trump’s threats to fire Federal Reserve chair Jerome Powell exacerbated turmoil wrought by the administration’s trade restrictions and sent stocks plunging. Trump on Monday demanded lower interest rates in a post on social media, saying inflation is trending downward and the economy could slow “unless Mr. Too Late, a major loser, lowers interest rates, NOW”.The Dow Jones Industrial Average dropped around 972 points, and is on pace...

More Markets

Ebos buys Vital Petfoods assets from receiver
Markets

Ebos buys Vital Petfoods assets from receiver

Distressed assets have been snapped up by the pet food maker.

Denise McNabb 18 Apr 2025
Tourism Holdings and inflation updates drive NZX up
Markets Market close

Tourism Holdings and inflation updates drive NZX up

Tourism Holdings could be one of the most directly impacted shares of the US tariffs.

Tom Raynel 17 Apr 2025
Heartland Bank accountant fined over insider trading
Markets

Heartland Bank accountant fined over insider trading

A former Heartland Bank accountant has been sentenced to six months’ home detention and ordered to pay a fine after pleading guilty on three charges relating to insider trading.Kevin Young, a former treasury accountant with Heartland Bank, purchased Heartland Group Holdings Limit...

Staff reporters 17 Apr 2025