The stock market is facing turmoil after President Trump's unexpected tariff announcement, leading to historic losses for the S&P 500 and Nasdaq Composite. Investors are grappling with fears of a recession as tariffs raise costs and pressure corporate profits.
In a significant win for Boeing, the company has secured a $20 billion contract to develop the F-47, a next-generation fighter jet designed to operate alongside drones, marking a turnaround in its defense operations.
