A majority of the justices concluded that the Venezuelan migrants had brought their cases in the wrong court but that they were entitled to an opportunity to challenge their removal.
Wall Street’s sell-off reflects investor fears that President Trump’s tariffs will lead to higher prices, slower growth and possibly a global recession.
A bear market occurs when stocks fall 20 percent from a recent peak. As global markets continue their meltdown, here’s what it means for your money and the economy.
A brutal day for markets around the world added to the pain of last week’s turmoil. The S&P 500 ended nearly 18 percent below its February peak on Monday.
The financial titans who backed Trump are now dealing with the fallout from his tariffs. They spent the weekend surveying the damage of last week’s major sell-off.
The New York Stock Exchange on Friday. Bankers, executives and traders said this weekend that they felt flashbacks to the global financial crisis that began in 2007.
Representative Rob Bresnahan Jr., who campaigned on prohibiting stock trading by members of Congress, has emerged as one of the most active stock traders in the freshman class.
Since he took office, Representative Rob Bresnahan Jr. has reported 264 stock trades, according to Capitol Trades, a site that monitors the stock market activity of lawmakers.
The company counts on the sale of devices for three-quarters of its nearly $400 billion in annual revenue, and it makes almost all of its iPhones, iPads and Macs overseas.
The president did not reveal the details of his plan to impose reciprocal tariffs the same day, but suggested he would move ahead with import taxes on trading partners.
Markets around the world have wavered as fear and uncertainty over tariffs and trade wars rattle investors. The S&P 500 just recorded its worst month since 2022, shedding 5.8 percent in March.
For years, the S&P 500 soared above the stock indexes of other countries. But since Trump’s inauguration, it has fallen 6 percent and is now trailing major markets in Europe and China.
Corporate chiefs see “chaos,” and investors see red as the effect of President Trump’s shifting trade policy begins to weigh on board rooms and trading rooms.
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