The U.S. stock market is falling further following President Donald Trump’s latest escalation in his trade war, briefly pulling Wall Street 10% below its record set just a few weeks ago.

FOX Business senior correspondent Charlie Gasparino discusses whether Trump tariffs will drive the economy into a recession on 'America Reports.'

The billionaire's net worth dropped by over $100 billion as Tesla faced its worst day on Wall Street in years Elon Musk's net worth has dropped by more than $144 billion since December, according to a report.

Tesla’s stock has taken a nosedive since Donald Trump was elected president — but Elon Musk’s privately held firms have seen their valuations soar, according to a report. Investors in secondary markets have driven up the collective valuation of four of Musk’s privately held companies by 45% since the Nov.