Big banks said they agree with President Donald Trump that financial regulations need an overhaul, even as their stock prices dropped Tuesday after the president confirmed plans to issue an executive order to punish those that he said discriminate against conservatives.

President Donald Trump accused two of the nation’s largest banks of rejecting his business, following a report his administration was preparing an executive order threatening financial institutions who refused to do business on ideological grounds.

The president’s sons have interest in millions of shares in New America SPAC, which will target companies “revitalizing domestic manufacturing.”

New America Acquisition I Corp, a blank-check firm backed by Eric Trump and Donald Trump Jr., on Monday filed for an initial public offering of up to $300 million in the United States. The move is the latest in a series of ventures by U.

Donald Trump Jr. and Eric Trump were named members of an advisory board to a new special-purpose acquisition company seeking to merge with businesses advancing “U.S. industrial capacity”—lining up with President Donald Trump’s stated goal of bringing manufacturing jobs back to the United States—but the family has a mixed record using SPACs in the past.

Despite recent tariff threats from President Trump, the Indian stock market shows resilience, yet experts warn of potential volatility. With a focus on select sectors, investors are advised to stay cautious and consider diversifying into gold and fixed income as a hedge against uncertainties.

Donald Trump has said he plans to “substantially” raise tariffs on imports from India because of its purchases of Russian oil, in a new escalation of tensions between Washington and New Delhi. The US president’s warning comes after India failed to reach an agreement with the White House to secure lower levies on its exports to America last week,

President Donald Trump suggested he would impose increased tariffs on additional countries buying energy from Russia — including China — after saying earlier Tuesday that he would be raise levies on Indian exports within 24 hours.