JP Morgan chief issues recession and stagflation warning over Trump tariffs April 7, 2025 JP Morgan chairman and chief executive Jamie Dimon has warned that severe curbs on trade imposed by President Donald Trump could lead the US economy towards recession and stagflation. Dimon made the comments ahead of the multinational investment bank’s financial results, reporting revenue of $180.6bn and net income of $58.5bn in 2024. He credited the [...]
BAE Systems, Qinetiq, Babcock among sliding defence stocks as Trump tariffs bite April 7, 2025 President Trump’s sweeping package of global tariffs has sparked a sharp decline in defence sector stocks, as markets react to the shockwaves from his decision to impose a 10 per cent levy on British exports – among other measures. The move has raised concerns on increased costs and the potential for a scarcity mindset that [...]
Barclays and Natwest stock plunge warns of ‘looming global recession’ April 7, 2025 The FTSE 100’s banking giants have weighed on the index since Trump’s tariff onslaught and analysts have warned their losses could be a global recession indicator. Barclays plummeted nearly five per cent during midday trading on Monday. The lender has lost nearly 20 per cent in the last five days. Meanwhile, Natwest sank over seven [...]
Not even Hermès and Ferrari can escape the luxury sell-off April 7, 2025 Luxury companies across the board have seen a mass stock sell-off since April 2, affecting even the strongest brands. Hermès’ share price fell more than seven per cent in early trades on April 7, and has dropped more than 13 per cent since ‘Liberation Day’. The Birkin-maker was one of the few success stories of [...]
Gold price rally ends abruptly following Trump tariff rollout April 7, 2025 Gold prices have fallen for the third session in a row, despite the precious metal’s reputation as a safe haven amid global trade uncertainty. Gold has fallen almost three per cent over the last week in US dollar terms after steadily increasing since the start of 2024. The fall has come amid a global collapse [...]
HSBC and Standard Chartered shares sink as ‘outsized’ Asian tariffs bite April 7, 2025 Shares in banking giants HSBC and Standard Chartered have taken a significant hit as the global trade war ramps up. HSBC was down nearly three per cent in early trading on Monday. The lender’s losses in the last five days have now topped 15 per cent. Meanwhile, Standard Chartered plunged nearly four per cent, with [...]
Jaguar Land Rover: Donald Trump’s tariffs threaten US growth April 7, 2025 The scale of the impact of Donald Trump’s tariffs facing Jaguar Land Rover has been revealed as the luxury car maker outlined how many vehicles it exported to the US in the first three months of 2025. The Coventry-headquartered automotive giant saw wholesale volumes in its fourth quarter rise by 14.4 per cent in North [...]
Billionaire investor Bill Ackman warns of ‘economic nuclear winter’ from Trump tariffs April 7, 2025 Hedge fund manager Bill Ackman has issued a stark warning to the US President, urging him to pause the sweeping package of tariffs revealed last week on his so-called ‘Liberation Day’. In a post on X, Ackman declared: “The President has an opportunity on Monday to call a time out and have the time to [...]
Tariff response: slash red tape and lure the non-doms back April 7, 2025 Shadow Business Secretary Andrew Griffith on the five steps the government should now take A few years before he died, Henry Kissinger described Trump as “one of those figures in history who appears from time to time to mark the end of an era and to force it to give up its old pretences”. It [...]
To fight Trump’s voodoo economics we must be evangelical about capitalism April 7, 2025 If we want to fight Trump's voodoo economics, we must appeal to the heart too and remind people why capitalism is worth fighting for.