Shaken over President Trump's failure to repeal and replace the Affordable Care Act, Wall Street is now raising questions about his ability to keep financial promises like reforming the tax code and slashing regulations on banks.
The cooling "Trump bump" has left the Dow at risk of suffering a ninth-straight day of decline Tuesday, which would mark the longest losing streak for the Dow since Jimmy Carter was in the White House in 1978. While the index is still up 11 percent since the election and the Nasdaq has actually closed higher in three of the past four days, CNN Money observes "a notable shift in terms of sentiment."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
July 5 editorial cartoonsCartoons Saturday’s political cartoons include an extrajudicial detainment camp, 'alligator Alcatraz', and tax cuts for billionaires.
-
5 explosively funny cartoons about the 4th of JulyCartoons Artists take on liberty and justice for all, a terrifying firework, and more
-
Jeff in Venice: a "triumph of tackiness"?In the Spotlight Locals protest as Bezos uses the city as a 'private amusement park' for his wedding celebrations
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
