US stock market loses $5 trillion in value as Trump ploughs ahead on tariffs
www.straitstimes.com
The benchmark S&P 500 fell 2.7 per cent, its biggest daily drop of the year. Read more at straitstimes.com.

NEW YORK - President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out US$4 trillion (S$5.3 trillion) from the S&P 500’s peak last month, when Wall Street was cheering much of Mr Trump’s agenda.

      • blazeknave@lemmy.world
        1·
        3 hours ago

        Sorry if that was implied, not what I meant. https://en.wikipedia.org/wiki/Nathan_Mayer_Rothschild

        Tldr they sent their own (super duper fast top horses and riders) scouts ahead to London that Napoleon was defeated at Waterloo, spread word he was successful and marching on London triggering a market sell off, bought low and achieved the greatest transfer of wealth per capita of all time.

        (If there are antisemitic connotations, worth mentioning I’ve got my j-pass. Also I’m not a conspiracy theorist.)