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return2ozma@lemmy.world to News@lemmy.world · 3 months ago

Fear that Trump tariffs will spark recession wipes out more than $2 trillion in value from US stocks

apnews.com

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Fear that Trump tariffs will spark recession wipes out more than $2 trillion in value from US stocks

apnews.com

return2ozma@lemmy.world to News@lemmy.world · 3 months ago
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U.S. companies had trillions of dollars in value wiped out Thursday after President Donald Trump slapped sweeping tariffs on foreign imports.
  • Lembot_0001@lemm.ee
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    deleted by creator

    • Omega@discuss.online
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      3 months ago

      Neither are money, but we’re still not a communist society so we still consider it one.

      If you want stocks to not be important, phase out public companies.

    • InversionOfControl@lemmy.world
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      3 months ago

      Tell that to the people living on automatic withdrawals from their IRA accounts 🙄

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        • InversionOfControl@lemmy.world
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          3 months ago

          It’s giving BTC/silver/gold investor, off-the-grid incel vibes

    • Frostbeard@lemmy.world
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      3 months ago

      Some stock have value because the company is profitable, solid and is making money. I am no investor but Coca Cola I would imagine fit the description.

    • Sir_Kevin@lemmy.dbzer0.com
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      3 months ago

      The same is true for fiat currency.

      • Cryophilia@lemmy.world
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        3 months ago

        Anyone too dumb to know how stocks work probably thinks you’re talking about the car

    • Lightor@lemmy.world
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      3 months ago

      Oh, so my 401k losing money isn’t real? Damn, that’s a relief.

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        • Lightor@lemmy.world
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          3 months ago

          You say it like I had a choice to get a pension.

          • NeilBrü@lemmy.world
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            3 months ago

            Pension funds have invested in stocks and bonds for decades.

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