Roughly $2.5 trillion was erased from the S&P 500 Index on Thursday amid worries that President Donald Trump’s sweeping new round of tariffs could plunge the economy into a recession.

After the stock market plunged Wednesday following President Trump's newest tariffs, many Americans are seeing their retirement savings, particularly in 401(k) plans, take a hit.

President Donald Trump’s “Liberation Day” tariffs plunged the stock market into the red Thursday, marking its worst day since the COVID-19 pandemic began in 2020. The Dow Jones Industrial Average fell nearly 4%,

Newsmax, a conservative media company, became a meme stock after its IPO skyrocketed by 2,190%, bringing its market valuation to over $20 billion.

However, after the market closed, NMAX stock tumbled 24% and if the losses hold, or accelerate today, it means its meme stock turn could be over already. There was little reason for Newsmax’s ascent other than being caught up in the orbit of President Trump,

Newsmax lost $55 million in the first half of last year. But its stock surged this week as shares in the company traded on the public market for the first time.

Conservative TV company Newsmax has seen its stock market valuation surge by more than 2,200% since its debut in New York on Monday. The US firm's shares, which were originally priced at $10 (£7.75) each,

Trump Media & Technology Group filed papers with the U.S. Securities and Exchange Commission on Wednesday that would allow President Donald Trump's trust to sell stock that could be worth $2.3 billion,

Trump's social media company filed paperwork with the Securities and Exchange Commission that could allow the president's trust to sell more than $2 billion of shares.

Key Takeaways Trump Media stock fell Wednesday after a regulatory filing raised worries insiders including President Trump could sell shares.The company denied Trump's trust has any intention of selling shares,