Donald Trump stokes US recession fears, driving share market into meltdown

News Snapshot:

There is a real possibility the world's biggest economy is heading toward a recession and it is threatening to drag the world's biggest share market into a crash. Justin Wolfers, a professor of economics and public policy at the University of Michigan, is concerned US President Donald Trump's "chaotic" tariff policy is hurting business confidence and creating levels of uncertainty not seen since the pandemic. "It really has raised the possibility that this very good economy could stop," he warned. He's also worried about mass public sector sackings, as implemented by the new Department of Government Efficiency, or DOGE, led...