Reported 5 days ago
President Trump's economic strategy may extend beyond tariffs, with the 'Mar-a-Lago Accord' potentially aiming to devalue the US dollar and reshape global trade dynamics. Economists caution that such moves could destabilize the economy and undermine investor confidence, emphasizing that tariffs might be a less damaging approach amid concerns over rising trade deficits. The long-term ramifications of such bold changes could include higher prices, increased interest rates, and significant disruption to the financial markets.
Source: YAHOO
Reported 5 days ago
U.S. stocks fell sharply on Monday as concerns about an impending tariff announcement from President Trump loomed large, fueling fears of an economic downturn. The tech-heavy Nasdaq Composite led the decline, hitting a six-month low, while the S&P 500 also dropped significantly. Notably, major tech companies like Nvidia and Tesla saw steep losses. In contrast, gold prices soared to record highs as investors sought refuge from the volatile stock market.
Source: YAHOO
Reported 5 days ago
Rocket Cos. has announced its acquisition of Mr. Cooper Group Inc. for $9.4 billion in an all-stock transaction, positioning the combined entity to manage a substantial share of the U.S. mortgage market. With the deal, Rocket aims to enhance its mortgage servicing capabilities and expand its homebuying services. Mr. Cooper shareholders will receive 11 Rocket shares per share owned, with the deal expected to conclude by the end of the year pending regulatory approval.
Source: YAHOO
Reported 5 days ago
As President Trump's self-imposed deadline for announcing new tariffs approaches, uncertainty remains high regarding the specifics of what he will implement. Despite a whirlwind of speculation, including potential blanket 20% tariffs and varying treatment of different countries, Trump's decisions ultimately rest solely with him. Economic forecasts have been adjusted downward due to the anticipated increase in tariffs, with concerns about rising inflation and market instability heightening. Observers believe the forthcoming announcements may not provide the clarity businesses are seeking, with ongoing negotiations and adjustments likely to follow.
Source: YAHOO
Reported 5 days ago
According to Goldman Sachs, hedge funds sold off tech stocks at an accelerated pace last week, marking the largest decline in five years, as markets reacted to impending tariffs set by the Trump administration. This sell-off was largely focused on the technology sector, including major players like Nvidia, AMD, and Tesla, raising concerns about potential economic repercussions as hedge fund exposure to tech stocks reaches a five-year low.
Source: YAHOO
Reported 5 days ago
Source: YAHOO
Reported 5 days ago
The US stock market is on track to finish its worst quarter since the 1980s, with the S&P 500 down 5.1% this year, driven by uncertainty around trade policies and economic growth. Investors are cautiously watching for suitable buying opportunities amidst the sell-off in major tech stocks that fueled recent rallies. While some strategists maintain a long-term belief in large-cap performance, the current sentiment suggests a challenging environment ahead until clearer economic signals emerge.
Source: YAHOO
Reported 5 days ago
Source: YAHOO
Reported 5 days ago
Source: YAHOO
Reported 5 days ago
Big Tech companies plan to invest hundreds of billions in building extensive data centers for AI, but President Trump's tariffs on imports could raise construction costs significantly. Analysts predict that tariffs on materials like steel and copper could increase construction expenses by 3% to 5%, complicating efforts to expand AI infrastructure. Despite the added costs, companies such as Amazon, Microsoft, Google, and Meta may continue to invest heavily in AI capabilities.
Source: YAHOO
Reported 5 days ago
The global markets are experiencing significant volatility as President Trump's trade policies heighten risk aversion among investors. With fears of stagflation growing and a potential economic slowdown in the U.S., stocks are spiraling downward, leading to the worst quarterly performance for global equities since September 2023. Despite market turmoil, there are indications that some investors may re-enter if tariff announcements are less severe than expected.
Source: YAHOO
Reported 5 days ago
Goldman Sachs has cut its S&P 500 target for the second time this month, lowering it from 6,200 to 5,700 due to heightened recession risks and tariff uncertainties. The new projection indicates only a 2% gain from the current levels, reflecting concerns over slowing growth and diminishing investor confidence. Additionally, the economists at Goldman have revised their tariff expectations upwards and reduced the GDP growth forecast for 2025, signaling a cautious outlook for the market.
Source: YAHOO
Reported 5 days ago
The Nikkei 225 index entered a technical correction, dropping 4.1% on March 31 as fears surrounding US tariffs affected exporter and chip stocks. This decline marks a 12% drop from its December high, with a stronger yen further pressuring exporters. Market sentiment waned as recent US consumer spending data disappointed, leading investors to become more risk-averse ahead of the impending tariff deadline.
Source: YAHOO
Reported 5 days ago
Gold prices reached a record high of over $3,100 per ounce due to rising safe haven demand amid concerns over President Trump’s impending tariffs, which may escalate trade tensions globally. This surge marks an 18% increase for the year, with central bank purchases and geopolitical uncertainties contributing to the rally. Analysts have also raised price predictions for gold, with Goldman Sachs projecting it could hit $3,300 by the end of the year.
Source: YAHOO
Reported 5 days ago
US stock futures dropped on Monday amid mounting trade-war concerns as President Trump gets ready to announce extensive tariffs on 'Liberation Day' this week. The tech-heavy Nasdaq 100 fell 1.1%, while the S&P 500 and Dow Jones also saw declines, contributing to a dismal march for the markets. Investors are anxious about the implications of these tariffs on the economy, with the March jobs report expected to provide crucial economic insights.
Source: YAHOO
Reported 5 days ago
Giorgia Meloni, the Italian Prime Minister, faces increasing challenges as her attempts to forge a closer relationship with Donald Trump backfire. Initially seen as a strategic move to strengthen her position within European politics, Meloni's ties with Trump have not yielded the expected benefits; notably, Italian carmakers are being hit by hefty US tariffs. As internal tensions grow within her governing coalition, and with France's Emmanuel Macron appearing to have a more favorable standing with Trump, Meloni's balancing act of maintaining influence is becoming increasingly difficult. The pressures from both domestic and international fronts leave her navigating a precarious political landscape.
Source: YAHOO
Reported 5 days ago
President Donald Trump has threatened to impose secondary tariffs on buyers of Russian oil if President Vladimir Putin does not agree to a ceasefire in Ukraine. Expressing his anger over Putin's remarks regarding Ukrainian President Zelenskiy, Trump warned of restrictions on all Russian oil imports. However, during comments to reporters, he also indicated some openness to negotiation, as the escalating situation risks significant impacts on the global oil market. Meanwhile, he expressed discontent with Zelenskiy's dealings and signaled potential sanctions on other nations purchasing oil from Venezuela.
Source: YAHOO
Reported 5 days ago
As the global trade war intensifies and raises concerns over US economic growth, US Treasuries have emerged as a safer investment compared to stocks, recording a significant gain of over 2.5% this quarter. Analysts from Barclays and Morgan Stanley recommend shifting asset allocations toward bonds, anticipating worsening market conditions due to tariff uncertainties. This marks a notable reversal from the trend witnessed since the pandemic, with bonds providing downside protection amidst potential losses in equities. Investors are advised to remain attentive to forthcoming economic data as they navigate this turbulent landscape.
Source: YAHOO
Reported 5 days ago
President Trump has announced a 25% tariff on all foreign-made vehicles effective April 2, 2025, as part of his ongoing trade war. Amid rising tensions, he threatens additional tariffs on Russian oil if the situation in Ukraine worsens. The EU has prepared retaliatory measures against US steel and aluminum tariffs, while discussions with Canada and Mexico continue regarding trade agreements. The overall market remains anxious as these trade policies unfold.
Source: YAHOO
Reported 5 days ago
AvePoint, Inc. (NASDAQ:AVPT) is experiencing a steep decline in its stock price amidst broader pessimism in the cybersecurity sector, despite witnessing a 20% revenue growth to $89.18 million in Q4 2024. The company's earnings fell short of expectations with an EPS of -$0.09 compared to a forecast of $0.05, leading to concerns over profitability. Consequently, AVPT ranks 12th among the cybersecurity stocks that have plunged this year, with a year-to-date drop of 8.78%. Investors are advised to explore other AI stocks that may offer greater returns.
Source: YAHOO