The week saw a series of events that could have a significant impact on the financial markets. From the stock market’s shaky start to September to a veteran economist’s dire warning, here’s a quick recap of the weekend’s most crucial financial news.
Markets Slide Amid Tariffs, Rate Cut Bets
The stock market began September on a weak note, with U.S. stock futures tumbling on Tuesday. This drop followed Friday’s negative movements, with futures of major benchmark indices trading lower. President Donald Trump cautioned that a record $15 trillion in planned U.S. investments would be “immediately cancelled” if courts strike down his tariff policies.
Veteran Economist Warns Of Global Collapse
Economist Fred Harrison, known for accurately forecasting the 2008 financial crisis, warned about converging crises that could create chaos. The 81-year-old veteran economist, who …