Reported about 6 hours ago
President Donald Trump's announcement of a baseline 10% tariff on all imports, along with significantly higher country-specific reciprocal tariffs, has raised alarms about the potential negative impact on the markets. Analysts highlight that the new 34% tariff on imports from China, in particular, is drastically higher than previous rates, which could disrupt trade relationships and economic stability.
Source: YAHOO
Reported about 6 hours ago
President Trump has announced a new tariff strategy that includes a 10% broad-based tariff alongside a reciprocal tariff to address non-tariff barriers such as currency manipulation and dumping. These tariffs are set to take effect shortly, with the 10% tariff on all goods starting April 5, followed by the reciprocal tariff on April 9. The administration emphasizes that these measures are tied to national security and aim to promote economic independence for the U.S.
Source: YAHOO
Reported about 6 hours ago
President Trump has announced a new 'Liberation Day' tariff policy, implementing a baseline 10% tariff on imports from over 150 countries, along with higher tariffs for nations perceived as bad actors. These changes, which escalate the ongoing trade conflict, include specific tariffs on countries like China and the EU and will take effect between April 5 and April 9. Additionally, a 25% tariff on all foreign-made vehicles will begin April 3, further intensifying the trade landscape.
Source: YAHOO
Reported about 6 hours ago
On April 2, 2025, the dollar saw an increase against the yen while weakening against the euro as President Trump announced new tariffs that are poised to escalate trade tensions with global partners. The U.S. will impose a 25% tariff on foreign-made automobiles, impacting the trade landscape and consumer prices.
Source: YAHOO
Reported about 6 hours ago
President Donald Trump has introduced a two-step tariff plan, implementing a 10% baseline tariff on numerous countries starting April 5, along with additional duties for others deemed significant offenders. This announcement, made during a White House event, signifies a significant shift in the global trading landscape, with potential tariffs rising to a historic 29%. The plan is intended to address both tariff and non-tariff barriers, contributing to ongoing global tensions as countries prepare retaliatory measures.
Source: YAHOO
Reported about 6 hours ago
US stock futures fell sharply after President Trump's unexpected announcement of reciprocal tariffs during a 'Liberation Day' event at the White House. By late afternoon, S&P 500 futures dropped 1.7%, Nasdaq 100 futures decreased 2.5%, and Dow futures were down 0.7%. This surprised investors who were anticipating clarity on trade policies. Concerns about potential trade wars and rising costs in various sectors have unsettled the markets, despite some positive job growth data from March.
Source: YAHOO
Reported about 6 hours ago
A former employee of Rippling admitted in an Irish court to spying for rival firm Deel, under the instruction of Deel's CEO, Alex Bouaziz. Keith O'Brien revealed he was paid around 5,000 euros per month to share confidential information about Rippling, including corporate strategies and customer insights. The espionage came to light after Rippling set a trap to discover the leak, leading O'Brien to cooperate with Rippling's legal team due to concerns for his safety amidst the high-profile individuals involved.
Source: YAHOO
Reported about 6 hours ago
Traders are increasingly betting that the Federal Reserve will begin cutting interest rates in June, anticipating three quarter-point reductions by October, following President Trump's announcement of new tariffs. These tariffs might raise inflation but could also hinder economic growth, causing a shift in expectations regarding rate cuts.
Source: YAHOO
Reported about 7 hours ago
On April 2, 2025, U.S. stock indexes saw a volatile trading day, with the S&P 500 rising 0.7%, the Dow Jones up 0.6%, and the Nasdaq gaining 0.9% despite early losses. The market's fluctuation was highlighted by a significant recovery later in the day, influenced in part by Tesla's performance. The overall trend showed incremental gains for the week, but declines remain significant year-to-date.
Source: YAHOO
Reported about 7 hours ago
RealPage has filed a federal lawsuit against the city of Berkeley, California, challenging a new ordinance that seeks to ban landlords from using rental algorithms. The company claims the law violates its free speech rights and is based on misinformation regarding its practices, which are alleged to drive up housing costs. In response to similar laws passed in other cities, RealPage argues that the real cause of high rents is a lack of housing supply, not algorithmic pricing. The Department of Justice is also investigating RealPage for potential collusion in setting rental prices.
Source: YAHOO
Reported about 7 hours ago
Truist has upgraded Scotts Miracle-Gro (SMG) from Hold to Buy, considering the company a safe investment during ongoing economic uncertainties. Analysts note that the US lawn and garden market has stabilized post-COVID, making SMG well-positioned to handle anticipated consumer challenges. With a major portion of its revenue from domestic sales and minimal exposure to import risks, Truist sees the current stock valuation as a buying opportunity.
Source: YAHOO
Reported about 7 hours ago
Federal Reserve Governor Adriana Kugler stated that rising tariffs in the U.S. could lead to prolonged inflation, noting that these tariffs will impact various sectors through supply chains and could distort pricing. She emphasized that the risks associated with tariffs, including retaliation from other countries and shifting consumer behavior, necessitate a steady interest rate policy while monitoring inflation and employment stability.
Source: YAHOO
Reported about 7 hours ago
Meta CEO Mark Zuckerberg is lobbying President Trump to reach a settlement to avoid an upcoming antitrust trial that could threaten the company's acquisitions of WhatsApp and Instagram, according to the Wall Street Journal. As the FTC intensifies its scrutiny of Big Tech, Meta argues that these acquisitions have benefited competition. The case reflects a broader trend of regulatory actions against major tech companies, including ongoing lawsuits against Amazon and Google.
Source: YAHOO
Reported about 7 hours ago
Newsmax's stock plummeted over 77% on Wednesday, erasing much of its staggering post-IPO gains that had boosted its valuation from $1.2 billion to $20.8 billion in just two days. The stock decline reflected serious financial losses for the unprofitable conservative news outlet, whose market cap shrank to $4.7 billion. Newsmax is also dealing with lawsuits related to its coverage of the 2020 election, further complicating its financial stability.
Source: YAHOO
Reported about 7 hours ago
Amazon and AppLovin are reportedly bidding to acquire TikTok before a looming US ban takes effect this weekend if no agreement is reached with the app's Chinese parent company. Other interested parties have included Kevin O'Leary and Alexis Ohanian. While Amazon's offer has not been taken seriously, AppLovin seeks financial backing for its bid. Trump is discussing a potential deal led by Oracle that could safeguard US consumer data, with expectations of a deal announcement before the Friday night deadline.
Source: YAHOO
Reported about 7 hours ago
Tesla's stock rebounded on Wednesday after reports indicated CEO Elon Musk would reduce his duties in the Trump administration soon. This followed the company's disappointing delivery figures for the first quarter, marking its lowest sales in nearly three years. Despite early losses, shares closed up 5.3% as markets reacted to speculation about Musk's potential informal advisory role at the White House and concerns over current demand issues impacting Tesla's performance in key markets.
Source: YAHOO
Reported about 7 hours ago
As several Wall Street firms increase their recession forecasts for the next year, financial expert Jean Chatzky emphasizes the importance of preparing for potential economic downturns. She advises individuals to monitor rising unemployment and declining consumer confidence while focusing on their personal finances. Key steps include enhancing job security, updating resumes, and saving extra funds for emergencies, as hiring may slow but continues even during downturns.
Source: YAHOO
Reported about 8 hours ago
Gold prices hit a new record high as investors flock to safe assets due to economic uncertainty and tariffs. Technical analysis indicates a potential consolidation phase before a projected increase to around $3,395 by late May. Key support levels to monitor are $3,048, $2,953, and $2,858, as profit-taking could influence price movements.
Source: YAHOO
Reported about 8 hours ago
Primary care company knownwell has announced its collaboration with Eli Lilly's LillyDirect platform to provide personalized health and weight-management services. Patients using LillyDirect will have access to knownwell's physicians for both in-person and virtual care, including nutrition counseling and behavioral health services. This partnership comes as Eli Lilly expands its platform to include various healthcare providers to enhance patient choices and access to quality care.
Source: YAHOO
Reported about 8 hours ago
The dollar weakened ahead of President Trump's tariff announcement, with concerns over economic slowdown overshadowing stronger-than-expected labor and activity data. The WSJ Dollar Index fell by 0.2%, while uncertainty in trade policy is expected to impact the currency markets, particularly as Trump is poised to reveal a 20% universal levy on imports. Analysts predict that if significant tariffs are imposed, the dollar could initially strengthen due to decreased demand for foreign goods, but may face long-term challenges as the attractiveness of dollar-denominated assets wanes.
Source: YAHOO
Reported about 8 hours ago
Rivian's stock fell by about 5% despite exceeding its own delivery and production targets for the first quarter, producing 14,611 vehicles and delivering 8,640. The company's outlook for the year remained unchanged; however, JP Morgan analysts expressed concerns about declining industry sales in 2025, contributing to the stock's drop even after a recent rally from year-to-date lows.
Source: YAHOO
Reported about 8 hours ago
Shares of Edgewise Therapeutics plummeted over 20% following the announcement of results from its Phase 2 trial for the drug EDG-7500, aimed at treating Hypertrophic Cardiomyopathy. Although the drug met its main objective, reported side effects, including serious cardiac events in some patients, raised considerable concerns among investors, leading to a surge in shares of competitor Cytokinetics.
Source: YAHOO
Reported about 8 hours ago
A recent analysis by the Richmond Federal Reserve predicts that new import tariffs from the Trump administration could raise the effective tariff rate on U.S. goods significantly, potentially hurting manufacturing sectors in the Midwest and Southeast. The report suggests that these tariffs may increase costs, disrupt supply chains, and raise consumer prices, potentially leading to job losses and economic harm, particularly in states like Michigan, Ohio, and Indiana.
Source: YAHOO
Reported about 8 hours ago
The Trump administration is considering revoking tariff exemptions for low-value shipments from China, known as 'de minimis', as part of a broader tariff initiative set to be announced. This move would reinstate a previous decision to end duty-free entry for inexpensive Chinese goods, which has seen a dramatic increase in recent years. Trump's efforts are part of a larger strategy to penalize China for its alleged role in the opioid crisis in the U.S.
Source: YAHOO
Reported about 9 hours ago
As TikTok approaches its April 5 deadline to secure a non-Chinese buyer, bidders are emerging, including Amazon and a consortium led by OnlyFans founder Tim Stokely. The U.S. government has raised security concerns about TikTok's ties to China, prompting the urgent need for a sale. Various financial groups, including Blackstone and Andreessen Horowitz, are also exploring options to buy out TikTok's Chinese investors. This situation comes after a 2024 law required ByteDance to divest TikTok amidst fears of Chinese government influence.
Source: YAHOO