Mark Cuban Champions Employee Stock Ownership as Billionaire Wealth Surges $33 Trillion As billionaire wealth has skyrocketed by $33 trillion…
President Trump’s announcement of 100% tariffs on China caused massive tech stock losses, erasing nearly $800 billion in market value. The move interrupted the sustained AI-driven market rally that had propelled stocks to record highs.
Artificial intelligence stocks and tech markets experienced a dramatic reversal as President Donald Trump’s tariff announcement wiped out nearly $800 billion in market value, demonstrating the profound impact of political statements on financial markets. The selloff marked the most significant decline for the S&P 500 and Nasdaq Composite since April, interrupting what had been a sustained rally driven by AI enthusiasm and technological innovation.
