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Subscribe to enjoy similar stories. Will 2025 go down in history with 1987 and 2008? At least one strategist with an impressive record thinks that could be the case. InvesTech Research’s Jim Stack has called more than his fair share of downturns.

Subscribe to enjoy similar stories. History will ultimately decide if President Donald Trump made America great again, but this much is certain: He’s made volatility great again. His muscular policies, coupled with his legions of adoring supporters, are politicizing the financial markets in ways that have rarely, if ever, been experienced in modern America.

Subscribe to enjoy similar stories. WASHINGTON—President Trump’s stop-and-start trade policy and uneven economic messaging have rattled some of his own allies, triggering a flood of calls from business executives, concerns from Republican lawmakers and tension in the White House.

«The situation here is very tense in the sense that the administration continues to go back and forth on tariffs and so there is no clear vision of what is really happening,» says Peter Cardillo, Spartan Capital Securities. For emerging markets, is it too late to get bearish and for US market, is it too early to get bullish? Can I put it this way? Peter Cardillo: Well, the tariff situation is impacting the global markets and if this continues here in the States, then it is safe to say that the global markets, especially the emerging markets, will continue to act accordingly.

municipal elections began on Wednesday at 8 am and the results will be announced on the same day. Voting for the election took place on March 2 for mayor/president and ward members across municipal corporations, councils, and municipalities.

inflation is expected to decline to 2 per cent in February 2025 from 2.3 per cent in January, primarily due to a drop in oil prices and a seasonal decline in food prices, according to a report by Union Bank of India. The report highlighted that the moderation in WPI inflation is largely driven by a fall in vegetable prices, which is a key component of food inflation. It said «Wholesale Price Index (WPI) is expected to moderate to 2.0 per cent (y/y) in Feb'25, low from 2.3 per cent in previous month, due to cooling in oil prices and seasonal drop in food prices». Within food, vegetable prices are estimated to have dropped by 12 per cent month-on-month. However, edible oil prices saw a slight increase during the month. Additionally, manufactured food prices remained stable as the prices of key inputs like sugar and edible oil showed only a mild rise. The report also added that the fuel index, which tracks price changes in petroleum products, is expected to remain in the negative zone in February. This decline follows a slight increase in the past two months.

Global markets have endured some severe volatility this month as the president looks to ramp up pressure on global partners by imposing or threatening hefty duties on their goods, citing huge trade imbalances.

Subscribe to enjoy similar stories. The outlook for the U.S. economy this year isn’t so rosy anymore.

Subscribe to enjoy similar stories. ON THE battlefield Ukraine has more than once turned looming catastrophe into partial success against Russia. It might have pulled off a similar feat in the diplomatic realm on March 11th, when it agreed in principle to an American proposal for an “immediate" 30-day ceasefire.

Vice President JD Vance will travel to India later this month, joined by Second Lady Usha Vance. According to a Politico report citing three sources familiar with the plans, «Vice President JD Vance will travel to India later this month alongside Second Lady Usha Vance.» This will be Vance’s second foreign visit since assuming office. His first trip took him to France and Germany, where he made his global debut as vice president. While the upcoming trip is another step in his diplomatic engagements, for Usha Vance, it holds personal significance—it will be her first visit to India as Second Lady. Her parents emigrated from India to the United States, making this trip a homecoming of sorts.

Elon Musk in a high-profile event at the White House on Tuesday. The transaction took place on the South Lawn, where several Tesla models, including the Cybertruck, were on display. The President’s purchase was seen as an endorsement of Musk and his work, at a time when the billionaire is facing significant opposition. Trump, seated inside the Model X, admired the vehicle, stating, «That's beautiful.» He later pointed to the model and confirmed it as his choice. Musk, who also serves as the head of the Department of Government Efficiency (DOGE), showed the President around the vehicles, highlighting the Cybertruck’s bulletproof exterior. But experts warn the unusual presidential backing of a private company could backfire. “Tesla is becoming a political symbol of Trump and DOGE, and that is a bad thing for the brand,” said Wedbush Securities financial analyst Dan Ives, referring to the advisory group in charge of cutting government spending led by Musk. “You think it’s helping, but it’s actually hurting.”

U.S. Department of Education said on Tuesday it would lay off nearly half its staff, a possible precursor to closing altogether, as government agencies scrambled to meet President Donald Trump's deadline to submit plans for a second round of mass layoffs. The terminations are part of the department's «final mission,» it said in a press release, alluding to Trump's vow to eliminate the department, which oversees $1.6 trillion in college loans, enforces civil rights laws in schools and provides federal funding for needy districts. Asked on Fox News whether the firings would lead to the department's dismantling, Secretary of Education Linda McMahon said yes, adding that doing so «was the president's mandate.» The layoffs would leave the department with 2,183 workers, down from 4,133 when Trump took office in January. Before announcing the layoffs, the agency ordered offices in the Washington area closed to staff from Tuesday evening through Wednesday, according to an internal notice seen by Reuters. Similar closures served as a precursor to shuttering the headquarters of the U.S. Agency for International Development, the humanitarian aid agency, and the Consumer Financial Protection Bureau, which protects Americans against unscrupulous lenders.

U.S. inflation data later in the day to gauge the Federal Reserve's interest rate path amid trade tensions and economic slowdown fears.

Subscribe to enjoy similar stories. Chagos is one of the world’s longest-running unresolved issues of decolonization, whose return to Mauritius has been championed by India for decades. Prime Minister Narendra Modi’s visit to Mauritius this week can help see the campaign to its logical conclusion.

House Speaker Mike Johnson, faced a DUI arrest following erratic behavior after former President Donald Trump’s recent speech to Congress. According to a police report, Haynes struggled with basic tasks during the incident, raising questions about his condition that night.

Trump's threat came after Ontario Premier Doug Ford retaliated against the US by imposing 25% tariffs on three American states—Michigan, New York, and Minnesota, and Ford also threatened to «shut the electricity off completely if America continues to escalate,» Daily Mail reported.

Mark Kelly on Tuesday trained his guns at Elon Musk, who also heads the Department of Government Efficiency (DOGE), after the billionaire slammed his post on Ukraine. In a recent interview, Kelly suggested that the billionaire only owes allegiance to his own «checking account» and «pocket book» and to «ruining the life of veterans».

Elon Musk’s latest business venture in Europe is causing major controversy. His company, Starlink, is in talks for a billion-dollar deal with Italy’s government, but opposition leaders are outraged, as per a report. Meanwhile, Giorgia Meloni has been presenting herself as the European leader who can serve as the vital connection between the U.S. government and Europe. Critics argue that Prime Minister Giorgia Meloni’s close ties with Musk are raising serious concerns about national security.

Donald Trump has asked his former chief strategist, Steve Bannon, to stop his public assaults on billionaire Elon Musk and broker a private meeting between the two, as per a report.

Steel companies may hold back investments to expand capacity as increasing imports shrink profit margins and eat into their market share, said analysts. India aims to achieve the target of 300 mt crude steel capacity by 2030 under its National Steel Policy. «Steel capacity expansions may slow down in case domestic steel prices are adversely impacted due to increasing imports,» said Amit Bhargava, partner and national head-metals and mining, KPMG in India.

Carney, who will be sworn in as Justin Trudeau's replacement in the coming days, said Trump's latest tariffs are an attack on Canadian workers, families, and businesses. «My government will ensure our response has maximum impact in the U.S. and minimal impact here in Canada, while supporting the workers impacted,» Carney said. He added: «My government will keep our tariffs on until the Americans show us respect and make credible, reliable commitments to free and fair trade.» Trump said Tuesday that he will double his planned tariffs on steel and aluminum from 25% to 50% for Canada, escalating a trade war with the United States' northern neighbor and showing an indifference to recent stock market turmoil and rising recession risks.