US stock markets face a tumultuous sell-off, driven by fears surrounding President Trump's tariffs and growing recession concerns, impacting major indices and technology stocks.
President Trump downplays recession fears while asserting tariffs will boost U.S. economy, despite market volatility and warnings from economic experts.
The US added 151,000 jobs in February, but the unemployment rate rose to 4.1%, highlighting economic concerns amid Trump's policies and tariff uncertainty.
Elon Musk's net worth has plunged by $102 billion in 2025 due to a sharp decline in Tesla stock and political controversies surrounding his support for Donald Trump.
February saw a staggering 245% surge in layoffs, reaching the highest level since 2020, driven mainly by federal government cuts and economic uncertainties.