By Sinéad Carew, Lewis Krauskopf and Amanda Cooper NEW YORK/LONDON (Reuters) -Global investors grappled on Thursday with rising chances of an economic downturn and a sprawling trade war, as they scrambled for safe-haven assets to buffer against fallout from U.

Global markets on Thursday were severely rattled by President Donald Trump’s historic tariff announcement, which threatens to throw the US and the rest of the world into a recession.

Vice President JD Vance sought to cast a global rout in stocks as a temporary pain as the White House downplayed the immediate effects of President Donald Trump’s tariff agenda.

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Fed Chair Jerome Powell’s remarks and the March nonfarm-payroll report on Friday will need to deliver for a stock market reeling from a brutal selloff.

It was the worst day for the stock market since 2020 as investors absorbed the potential impact of an escalating trade war. NBC News’ Christine Romans reports on how the Trump administration is defending its efforts to remake the global economy.

Springsteen announced today that he would release “Tracks II: The Lost Albums” in June. Of the 83 songs featured on these seven albums, 74 have never been released in any form. Among them are working tapes from Springsteen’s fruitful period before “Born in the U.S.A.” and a hip-hop-influenced album from the early 1990s.

The Asia-focused "Liberation Day" tariffs “could blow up Apple,” one analyst noted, as the iPhone maker led a near $800 billion magnificent seven slide.

The whole U.S. stock market is feeling the pain from the sweeping new tariffs that President Trump announced Wednesday after the market closed.