Reported 4 days ago
Coinbase's shares fell 31%, marking the worst quarterly performance since the FTX collapse, due to rising concerns about the US economy impacting digital assets. The broader crypto market struggled as Bitcoin and Ether lost significant value, with market volatility increasing in light of economic uncertainties and trade war fears. While some view Bitcoin as a safe haven, traditional assets like gold have performed better amid market turmoil.
Source: YAHOO
Reported 4 days ago
Moody's remains the only major credit rating agency to maintain a triple-A rating for US debt, but new analysis suggests concerns over the US's fiscal stability could lead to a downgrade. Amid rising federal deficits and a worsening debt position compared to other nations, experts are debating the implications of potential tax cuts and their effects on national debt as the rating agencies indicate a reevaluation of the US's financial health.
Source: YAHOO
Reported 4 days ago
As U.S. President Donald Trump prepares to unveil new tariffs on imports, which he refers to as 'Liberation Day,' many details remain unclear ahead of the announcement on April 2. The proposed reciprocal tariffs aim to enhance U.S. independence from foreign goods, possibly raising revenue significantly but raising concerns among economists about resulting higher consumer prices and market instability. While Trump has threatened tariffs on a wide range of products from various countries, the actual implementation and potential retaliations from trading partners could create further trade tensions.
Source: YAHOO
Reported 4 days ago
Wall Street concludes a challenging quarter, with the S&P 500 dropping 4.6% as investors grapple with policy uncertainties and fears of recession, especially influenced by tariffs and declining consumer confidence. Notably, the 'Magnificent Seven' tech stocks have also faced significant declines, contributing to the market's overall underperformance. Despite this, some analysts suggest the potential for recovery, as historical trends indicate that sharp selloffs are often followed by better returns.
Source: YAHOO
Reported 4 days ago
Estee Lauder faces a federal lawsuit in the U.S. for allegedly defrauding shareholders by hiding its reliance on improper gray-market sales in China. A judge ruled that shareholders identified misleading omissions regarding the impact of a government crackdown on 'daigou' sales, which hurt the company's stock value by approximately $8.7 billion. The lawsuit includes claims against former executives, asserting they failed to disclose key factors affecting sales performance.
Source: YAHOO
Reported 4 days ago
Lucid Motors is seeing an increase in interest from Tesla owners as it launches its new Gravity SUV, which is set to begin deliveries in April. Interim CEO Marc Winterhoff noted that many former Tesla customers are looking for alternatives, particularly in light of recent challenges faced by Tesla. With the Gravity expected to appeal more broadly due to its SUV format, Lucid aims to produce 20,000 vehicles by the year-end while facing competition from established brands. Moreover, all Lucid vehicles are manufactured in Arizona, protecting them from tariffs on foreign imports.
Source: YAHOO
Reported 4 days ago
Hyundai has informed U.S. dealers that it may adjust its vehicle pricing in light of upcoming 25% tariffs on imported vehicles and parts. CEO Randy Parker stated that the current pricing is not guaranteed for units sold after April 2, as these tariffs could significantly increase the cost of vehicles. Analysts predict that consumers could face price hikes averaging an additional $3,000 to $6,000. Despite the tariffs, Parker noted Hyundai's limited dependence on imports from Mexico and Canada.
Source: YAHOO
Reported 4 days ago
Federal Reserve officials expressed caution regarding interest rates, highlighting risks of inflation linked to tariffs. New York Fed President John Williams indicated that monetary policy is currently restrictive but stable, necessary for assessing future economic data. Richmond Fed President Thomas Barkin shared concerns about tariffs potentially raising prices and impacting the job market. As economic uncertainty rises, Goldman Sachs increased recession probabilities due to consumer and business confidence declines. Overall, Fed officials remain committed to preventing high inflation from taking root.
Source: YAHOO
Reported 4 days ago
On March 31, 2025, U.S. stocks showed signs of recovery, with the Dow Jones Industrial Average gaining 400 points, despite ongoing concerns over President Trump's impending tariffs and their impact on the market. The Nasdaq Composite fell slightly, while the S&P 500 managed to recover from early losses. The quarter ended on a negative note as stocks faced their worst performance since 2022, with major tech companies like Nvidia and Tesla significantly affected. Investors are preparing for a significant tariff announcement scheduled for April 2.
Source: YAHOO
Reported 4 days ago
Concerns about stagflation are mounting among Wall Street strategists as economic indicators show signs of stalled growth, persistent inflation, and rising unemployment. Recent data reveals slower consumer spending and increased prices, prompting forecasts of a 45% chance for the U.S. to enter a stagflation period, particularly amid ongoing trade tensions and uncertainty from the Trump administration. While some economists believe the labor market remains resilient enough to avoid a recession, worries persist about the long-term impacts of tariffs and inflation pressures.
Source: YAHOO
Reported 4 days ago
Kristalina Georgieva, Managing Director of the International Monetary Fund, expressed optimism over initial signs from the Trump administration regarding digital asset deregulation, noting that previous excessive regulations may have hindered economic growth. She highlighted the importance of careful deregulation to avoid financial risks while encouraging entrepreneurship.
Source: YAHOO
Reported 4 days ago
Newsmax Inc. shares surged 735% during their initial public offering, marking the biggest first-day performance since 2022. The conservative media outlet's stock closed at $83.51, driven largely by retail investor interest, with orders to buy far outpacing those to sell. Despite this success, the company faces significant financial challenges, including a loss of over $55 million within the first six months of 2024. This debut echoes the previous meme stock trends, drawing comparisons to companies like GameStop and AMC that saw similar spikes but substantial declines thereafter.
Source: YAHOO
Reported 4 days ago
On March 31, 2025, significant movements in US stock indexes were observed amidst ongoing global market volatility. The S&P 500 rose by 0.6% despite suffering its worst quarter in over two years, while the Dow Jones Industrial Average climbed 1%. Meanwhile, the Nasdaq composite experienced a minor decline of 0.1% due to weak performances from tech stocks. Investors are apprehensive about potential inflationary impacts from upcoming tariffs, contributing to the market's fluctuations.
Source: YAHOO
Reported 4 days ago
Tesla's stock fell by 6% on Monday due to investor worries over President Trump's impending tariffs on foreign autos and concerns about CEO Elon Musk's political connections, which are seen as detrimental to the brand. Even though Tesla may be impacted less than other automakers, analysts predict that rising tariffs could lead to price increases. The company is expected to report lower-than-anticipated vehicle deliveries, further exacerbating investor anxiety.
Source: YAHOO
Reported 4 days ago
Uber and OpenTable have announced a new partnership aimed at integrating their services to better connect dining-in, delivery, and transportation options. This collaboration is expected to expand the restaurant network's reach and provide improved experiences for customers. More details about the integration will be shared in the coming months.
Source: YAHOO
Reported 4 days ago
Nvidia's stock fell nearly 4% as President Trump announced that reciprocal tariffs would apply to all countries, raising fears of an economic downturn. The tech sector led the market decline, with Nvidia's losses later reduced to just over 1% by the close. The tariffs could impact Nvidia, particularly as a significant portion of its components are imported from Mexico and Taiwan. CEO Jensen Huang indicated that while tariffs might have short-term effects, the company is preparing to move some manufacturing to the US in the long run.
Source: YAHOO
Reported 4 days ago
In the lead-up to new tariffs announced by the Trump administration, stock traders are experiencing significant 'frustration and fatigue' due to mixed messages and enormous market uncertainties. Recent trading sessions have shown volatility, with the S&P 500 enduring its worst month since 2022, as investors grapple with fears surrounding potential economic impacts of sweeping tariffs. While some traders are moving to secure positions or retreating from stocks entirely, there remains a glimmer of optimism that longer-term benefits may emerge, although the current environment remains challenging.
Source: YAHOO
Reported 4 days ago
Moody's has expressed concern over the deteriorating fiscal situation of the US government and may lower its debt rating from AAA by 2025. High federal debt, projected tax cuts, and rising interest costs contribute to the negative outlook, contradicting President Trump's optimistic economic vision. Analysts warn of a growing fiscal crisis, with interest payments consuming an increasing share of taxpayer funds.
Source: YAHOO
Reported 4 days ago
Airlines are not the only ones experiencing a sluggish beginning to 2025, as the lodging and tourism sectors are also underperforming. A Bank of America report attributes this trend to poor winter weather, a late Easter, and declining consumer confidence, noting that spending on lodging is down 2.5% from 2024 levels. Despite the slower pace, travel-related spending abroad increased by 2.6% in early 2025, indicating that some travelers are opting for international destinations.
Source: YAHOO
Reported 4 days ago
UBS has named Solita Marcelli, the current Americas chief investment officer, as the new head of global investment management, succeeding Bruno Marxer, who is set to retire in 2026. Effective July 1, Marcelli's role will expand to include oversight of the Americas, APAC, Switzerland, and EMEA. Concurrently, Ulrike Hoffmann-Burchardi will become the chief investment officer for the Americas while retaining her duties in global equities.
Source: YAHOO
Reported 4 days ago
CoreWeave's stock (CRWV) suffered a significant drop during its first full trading day after going public, sparking concerns about the health of the initial public offering (IPO) market and the broader artificial intelligence sector. Market experts noted that despite initial optimism for a resurgence in IPOs this year, CoreWeave's performance may discourage other companies from pursuing public offerings, especially amidst rising interest in private funding alternatives.
Source: YAHOO
Reported 4 days ago
Gold has reached record highs, closing at over $3,100 an ounce and gaining 20% in the first quarter of 2025. This surge is driven by retail investors seeking safe havens amid economic uncertainty and fluctuating tariffs under President Trump’s administration. Bank of America has raised its gold price target to $3,500, citing strong demand from various sectors including central banks and retail investors.
Source: YAHOO
Reported 4 days ago
Brazil's Finance Minister Fernando Haddad emphasized the importance of the Mercosur trade agreement with the EU as a political rather than solely an economic opportunity. Speaking in Paris, he noted that while the deal may not offer significant economic benefits for Mercosur, it serves a vital political function in promoting multilateralism amid current global uncertainties. The agreement, which awaits approval and faces opposition from some EU member states, may reduce tariffs significantly.
Source: YAHOO
Reported 4 days ago
Lockheed Martin announced that the U.S. Army has awarded it a contract valued at up to $4.94 billion for the production of Precision Strike Missiles (PrSM). This comes amid increased global demand for weaponry, as the Pentagon focuses on acquiring the next-generation long-range PrSM to replace the Army Tactical Missile (ATACM). Following this announcement, Lockheed's stock rose by more than 1%.
Source: YAHOO
Reported 4 days ago
U.S. consumers are increasingly worried about inflation and unemployment due to President Trump's tariff policies, resulting in a shift in spending habits. Surveys indicate many are planning to reduce both essential and discretionary purchases, exacerbating the risks of an economic slowdown. With the potential for increased prices on imports and decreased competition, economists warn that slowing consumer spending— which accounts for 68% of GDP—could lead to a recession, particularly as households face financial strain and fears of job market instability.
Source: YAHOO