this post was submitted on 14 Mar 2025
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Economics

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Summary

The U.S. stock market has lost over $5 trillion in value in three weeks as the S&P 500 fell 10% from its record high.

The decline, driven by concerns over Trump’s trade policies and slowing economic growth, has led to weaker consumer sentiment and cautious corporate outlooks.

Barclays strategist Emmanuel Cau noted rising uncertainty among investors.

The selloff has also hit AI-related stocks, with Nvidia down 17% and the Magnificent Seven ETF falling 16%.

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[–] iopq@lemmy.world 3 points 1 day ago (1 children)

That's not actually true, casinos go broke just like normal businesses

https://news.temple.edu/news/2016-10-25/bankruptcy-expert-studies-trump-casinos

You can see from the graph other Atlantic City casinos had a hard time too, just not as bad as Trump's

[–] prole@lemmy.blahaj.zone 3 points 17 hours ago

Did they also have their daddies come in on multiple occasions to buy millions of dollars of chips in cash, and then dispose of them?

https://www.motherjones.com/2020-elections/2020/09/trump-files-fred-trump-funneled-cash-donald-using-casino-chips/