Author: WTX Business Team

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Trump ditches Waltz after Maga wrath builds against national security adviser Donald Trump has tapped secretary of state Marco Rubio to be interim national security adviser after firing Mike Waltz and his deputy following a scandal over the use of a private messaging app to discuss military plans. Trump announced the move on Truth Social on Thursday afternoon, saying Waltz would be nominated to serve as US ambassador to the UN, keeping a prominent role…

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Trump trade war distorts US economy as banks win and consumer mood dims The US economy contracted by an annualised 0.3 per cent over the first quarter, as companies in the world’s largest economy responded to Donald Trump’s trade war by rushing to import goods. The fall in the GDP reading — the first since 2022 — was worse than economists’ most recent forecasts and compared with the 2.4 per cent rise for the fourth…

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Mark Carney’s Liberals win pivotal Canadian election Mark Carney has won Canada’s election after a campaign dominated by the country’s relationship with the US under Donald Trump. Carney’s Liberal party was on track to win the largest number of seats and the right to form a government. But it was still unclear whether it would be able to secure a parliamentary majority as counting continued. The Liberals capitalised on a patriotic surge in the face…

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The front page of the business newspaper The Financial Times this morning, April 16 2025, reports on the fallout from the US tariffs. The lead story reports that Wall Street banks reap $37 billion after traders ‘cash in’ on the volatility caused by the tariff chaos. Wall Street banks reap $37bn after traders cash in on Trump volatility Wall Street’s biggest banks reaped almost $37bn in trading revenues in the first quarter of the year…

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Risky corporate borrowers shut out of bond market since Trump’s tariff blitz America’s risky corporate borrowers have been shut out of the bond market since Donald Trump’s tariff blitz, in a freeze that is reverberating across Wall Street and which threatens a tentative rebound in dealmaking. Lowly-rated companies have failed to sell any debt in the $1.4tn US high-yield bond market since Trump unleashed market turmoil and raised fears of a US recession with the…

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You don’t have to be a business major to be interested in the stock markets, and unless you’ve been living under a rock these last few days, it’d be almost impossible for you not to have heard about a stock market crash.

Since Donald Trump announced his ‘Liberation Day’ tariffs you would have heard a lot about the stock markets, them crashing and fears of a global recession.

Here’s a simple guide to the stock markets and what they mean.

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Trump causes global chaos Tensions between the world’s two largest economies have increased overnight as Beijing vowed to “fight to the end”, in response to a new wave of US tariffs. The statement followed a dramatic escalation by President Donald Trump, who threatened an additional 50 per cent tariff on Chinese goods, unless Beijing reverses its newly announced 34 per cent reciprocal levy – retaliation for Trump’s earlier 34 per cent tariff hike on Chinese…

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