Today’s Forbes Daily newsletter covers Wall Street souring on Trump, the biggest billionaire tariff losers, DOGE cuts worsen March layoffs and more.

Donald Trump has dubbed Wednesday April 2, 2025, "Liberation Day." What is it, and how does it apply to tariffs in the United States?

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The Opera House is set to reopen after five years to host two Liberation Day concerts as part of celebrations to mark the 80th anniversary of the end of the German occupation.The opening concert at the Grade II listed building featuring the Philharmonia Orchestra will include World War Two songs performed by Jersey singer Georgie Mae-Bishop.

Global markets plummeted Thursday after Trump announced his sweeping tariffs.S&P 500 futures fell 3%, signaling the benchmark index's nearly 5% first-quarter drop will continue.Gold briefly touched a new high,

In a chaotic week for nearly every industry in Washington, nothing embodied the oddness of the moment for Big Tech more than a single photo: the ultra-progressive former Federal Trade Commission Chair Lina Khan and ultra-conservative populist Steve Bannon posing, with tight-lipped smiles, together.

Liberation Day,” the ball is in the court of other countries to respond to President Donald Trump’s tariffs. The statement by European Commission President Ursula von der Leyen encapsulated [the mixed