Goldman Sachs has increased its U.S. recession forecast to 45% amidst tariff-related economic turmoil, as banks warn of rising unemployment and inflation.
US stock markets faced a historic sell-off, losing $5 trillion amidst growing trade war concerns as President Trump's tariffs escalated tensions with China.
U.S. Treasury Secretary Scott Bessent indicates there's no guarantee against a recession amid uncertainties from Trump's policies, despite a strong job market.
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.