Reported 5 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 5 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 5 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 5 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 5 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 5 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 5 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 5 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 5 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 5 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 5 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 5 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 5 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 5 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 5 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 5 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 5 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
Reported 5 days ago
A revised bankruptcy plan for Yellow Corp. has been submitted to a Delaware court, detailing distributions to creditors and prioritizing full recovery for former employees' claims. While the plan garners support from certain groups, it faces challenges from major shareholder MFN Partners, which feels excluded from negotiations. Key deadlines for voting and confirmation hearings are set for May, but the outcome remains uncertain as negotiations continue.
Source: YAHOO
Reported 5 days ago
Dow plans to power its Texas manufacturing facility with next-generation nuclear reactors instead of natural gas, aiming to significantly reduce greenhouse gas emissions. Dow's subsidiary, Long Mott Energy, has applied for a construction permit with the U.S. Nuclear Regulatory Commission to build four advanced small modular reactors. This initiative is part of a broader effort to meet increasing electricity demands and tackle climate change, although challenges around nuclear safety and waste management remain.
Source: YAHOO
Reported 5 days ago
President Trump is set to expand his trade policy with broad reciprocal tariffs on all US trade partners, which he labels as 'Liberation Day,' alongside a 25% tariff on foreign-made vehicles. The announcement is scheduled for Wednesday in the Rose Garden, amidst market uncertainty and retaliatory measures from other nations like the EU, Canada, and Mexico. With significant implications for various sectors, the tariffs are expected to reshape the landscape of US trade relations and impact domestic prices.
Source: YAHOO
Reported 5 days ago
As tax season approaches, Jason Brown from TheBrownReport.com highlights three common mistakes people make with their tax refunds and offers strategies to avoid them. He emphasizes the importance of planning and education to transform refunds into long-term financial growth, rather than treating them as disposable income for immediate enjoyment. By shifting their mindset and controlling spending, individuals can better utilize their refunds to invest and secure a stronger financial future.
Source: YAHOO
Reported 5 days ago
Varun Krishna, CEO of Rocket Companies, has initiated an aggressive acquisition strategy totaling over $11 billion, including the $9.4 billion purchase of Mr. Cooper to enhance its position in the mortgage servicing sector. Despite a drop in Rocket's stock price, Krishna remains optimistic about creating a seamless homeownership experience and notes improving trends in the housing market, impacted by factors like Trump's tariffs and fluctuating mortgage rates. He anticipates substantial revenue and cost benefits from the acquisitions.
Source: YAHOO
Reported 5 days ago
As earnings season nears, companies are preparing for weaker consumer spending and reduced earnings projections. Thomas Martin from GLOBALT Investments discusses how these changes in consumer sentiment, alongside new tariffs, may affect market performance. Recent estimates indicate a dip in projected S&P 500 growth rates, raising questions about whether companies will meet their revised guidance or face further disappointments.
Source: YAHOO
Reported 5 days ago
Rocket Companies is strategically acquiring Mr. Cooper for $9.4 billion to create a comprehensive homeownership platform that streamlines all aspects of the housing process, from searching for homes to servicing mortgages. CEO Varun Krishna emphasizes that this acquisition will strengthen client relationships and improve profitability by combining Rocket's leading origination business with Mr. Cooper's servicing capabilities.
Source: YAHOO