US stock futures dropped amid growing concerns over the impact of the Trump administration’s tariffs. Major stocks like Nvidia, Meta, Amazon, and Tesla saw losses. China’s retaliatory tariffs and rising recession fears added to market uncertainty. Bitcoin also fell 4%.
US stock futures decline amid tariff concerns; Tesla shares fall
US stock index futures dropped on Monday as investor concerns grew over the economic impact of the Trump administration’s tariff policies. At 05:43 a.m. ET, Dow E-minis fell by 299 points (0.7%), S&P 500 E-minis declined 48.75 points (0.84%), and Nasdaq 100 E-minis were down 198.5 points (0.98%).
Major growth stocks also suffered losses, with Nvidia dropping 2%, while Meta and Amazon declined by over 1.3% each. Tesla shares fell 2.6% after UBS lowered its forecast for the company’s first-quarter deliveries and reduced its stock price target.
Markets are also reacting to China’s new retaliatory tariffs, set to take effect on Monday, and upcoming US tariffs on base metals. Uncertainty over trade policies has increased recession fears, with a Reuters poll showing that 91% of economists see rising risks of an economic downturn.
The S&P 500 saw its biggest weekly drop since September, while the Nasdaq has fallen over 10% from its December peak. Investors are awaiting key economic data this week, which could influence the Federal Reserve’s policy decisions. Meanwhile, crypto stocks slid as Bitcoin lost 4% in value.
Mark Carney, former central banker, has been elected as Canada's next prime minister following a resounding victory in the Liberal Party leadership vote. At 59, Carney was born on March 16, 1965, in Fort Smith, Northwest Territories, and grew up in Edmonton, Alberta.
The Syrian Defense Ministry has declared the end of its operation against loyalists of ousted President Bashar al-Assad. Over 1,000 people, mostly civilians, were killed during the fighting. Public services are resuming, and an investigation into the violence is underway.
Tower Bridge was temporarily shut down on Monday morning after a man climbed the railings, causing disruptions to traffic and river services. The situation was resolved by 12:30 pm, with the individual safely brought down and the bridge set to reopen.
BioNTech forecasts a revenue decline for 2025, expecting between 1.7 billion and 2.2 billion euros, down from 2.75 billion euros last year. This drop is due to Pfizer write-downs and stable vaccination rates. BioNTech also plans significant job cuts and new hires.
US stock futures dropped amid growing concerns over the impact of the Trump administration’s tariffs. Major stocks like Nvidia, Meta, Amazon, and Tesla saw losses. China’s retaliatory tariffs and rising recession fears added to market uncertainty. Bitcoin also fell 4%.
Mark Carney, former central banker, has been elected as Canada's next prime minister following a resounding victory in the Liberal Party leadership vote. At 59, Carney was born on March 16, 1965, in Fort Smith, Northwest Territories, and grew up in Edmonton, Alberta.
The Syrian Defense Ministry has declared the end of its operation against loyalists of ousted President Bashar al-Assad. Over 1,000 people, mostly civilians, were killed during the fighting. Public services are resuming, and an investigation into the violence is underway.
Tower Bridge was temporarily shut down on Monday morning after a man climbed the railings, causing disruptions to traffic and river services. The situation was resolved by 12:30 pm, with the individual safely brought down and the bridge set to reopen.
President Donald Trump is preparing a new travel ban that could block entry for people from Afghanistan and Pakistan as early as next week. The move is part of an intensified immigration crackdown.
Italy’s League party urges the government to favour Starlink over French-led Eutelsat for satellite communication systems, citing Starlink's technological edge. The push comes amid delays in the EU’s IRIS² program, as Italy seeks secure communication solutions for officials.
Two buses have collided in Barcelona today, Monday 3 March which has left 51 people injured, four of which are said to be critical.
Ford Motor Company will recall 35,328 vehicles due to a potential fire hazard linked to faulty LED lights in the exterior mirrors, the U.S. National Highway Traffic Safety Administration (NHTSA) announced on Tuesday.
BioNTech forecasts a revenue decline for 2025, expecting between 1.7 billion and 2.2 billion euros, down from 2.75 billion euros last year. This drop is due to Pfizer write-downs and stable vaccination rates. BioNTech also plans significant job cuts and new hires.
EU lawmakers raised concerns about the digital euro project after a major failure in the ECB’s payment system, Target 2, which caused delays in transactions. Critics question the ECB's ability to manage the project, with some demanding improved systems before moving forward.
Traton forecasts slow growth for 2025 due to weak European demand and a decline in electric vehicle sales. The company expects a sales change of -5% to +5% and focuses on improving efficiency amid global economic uncertainty and geopolitical challenges.
Deliveroo exits Hong Kong, selling assets to Foodpanda due to consistent losses and market challenges. Despite efforts to expand, Hong Kong operations made up only 5% of global transactions. The company will close remaining assets and wind up its business by April 7.
Malaysia’s palm oil stocks fell to 1.51 million tons in February, the lowest in nearly two years, due to lower production and exports. Crude palm oil output dropped 4.16%, while exports fell 16.27%. The decline may impact global prices, with supply and demand shaping future trends.
Mark Carney, former central banker, has been elected as Canada's next prime minister following a resounding victory in the Liberal Party leadership vote. At 59, Carney was born on March 16, 1965, in Fort Smith, Northwest Territories, and grew up in Edmonton, Alberta.
The Syrian Defense Ministry has declared the end of its operation against loyalists of ousted President Bashar al-Assad. Over 1,000 people, mostly civilians, were killed during the fighting. Public services are resuming, and an investigation into the violence is underway.
Tower Bridge was temporarily shut down on Monday morning after a man climbed the railings, causing disruptions to traffic and river services. The situation was resolved by 12:30 pm, with the individual safely brought down and the bridge set to reopen.
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