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Billionaire investor Bill Ackman warns of ‘economic nuclear winter’ from Trump tariffs

City A.M. Monday, 7 April 2025 ()
Hedge fund manager Bill Ackman has issued a stark warning to the US President, urging him to pause the sweeping package of tariffs revealed last week on his so-called ‘Liberation Day’. In a post on X, Ackman declared: “The President has an opportunity on Monday to call a time out and have the time to [...]
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News video: Global market crash: Goldman Sachs increases recession odds to 45% after market meltdown

Global market crash: Goldman Sachs increases recession odds to 45% after market meltdown 03:04

Goldman Sachs has raised the odds of a major US and global recession, warning that President Trump’s new tariffs could trigger a sharp economic downturn. Amid rising market panic and tightening financial conditions, Goldman forecasts a 45% chance of recession and slashes the US growth forecast for...

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