Reported about 15 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 15 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 15 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 15 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 15 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 15 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
Reported about 16 hours ago
In the latest Market Minute, Josh Lipton discusses recent stock movements: nCino's shares drop following disappointing quarterly results, while GE Vernova gains traction after winning a $10 billion turbine supply contract for a natural gas data center. Charles Schwab receives a rating upgrade from Citigroup, highlighting positive growth prospects for the firm.
Source: YAHOO
Reported about 16 hours ago
In a recent analysis, former Deputy Assistant Kelly Ann Shaw discussed President Trump's dual objectives with his proposed tariffs. The primary goal is to create a level playing field in international trade, as other countries impose higher tariffs and barriers compared to the U.S. The secondary aim is to address the long-standing trade deficit which adversely affects U.S. GDP growth. The tariffs, which may range from 10 to 25%, are seen as part of a strategy to balance trade relations and encourage negotiations with trading partners.
Source: YAHOO
Reported about 17 hours ago
The Trump administration announced a 25% tariff on all beer imports and empty aluminum cans, effective April 4, 2025. This decision adds to existing tariffs on aluminum products and is expected to impact approximately $7.5 billion in beer imports, predominantly from Mexico, the Netherlands, and Ireland. The move comes as Trump prepares to unveil further tariffs on U.S. trading partners, escalating the ongoing global trade tensions.
Source: YAHOO
Reported about 17 hours ago
In the first quarter of 2025, there was a notable shift in ETF inflows towards safer investments such as cash-like bonds, gold, and European equities, suggesting that investors are adopting a more defensive stance due to market uncertainties and looming tariffs. This change in sentiment contrasts with previous patterns, with a significant preference for active ETFs reflecting an appetite for professional management in turbulent times. Overall, as investors recalibrate their strategies, the trend indicates a move towards risk-off positions.
Source: YAHOO
Reported about 18 hours ago
UFC has announced a multiyear partnership with Meta, the parent company of Facebook, to bring mixed martial arts content to a broader audience using Meta's technology platforms, including AI and various social media services. UFC President Dana White expressed excitement about leveraging Meta's innovations for fan engagement, while Mark Zuckerberg, an MMA enthusiast, looks forward to enhancing the viewer experience in new ways. The partnership will also integrate Meta branding into UFC events and broadcasts, with plans for exclusive content on Threads.
Source: YAHOO
Reported about 18 hours ago
Gasoline prices in the U.S. have reached their highest point since September, with the national average at $3.24 per gallon, driven by a switch to more expensive summer-blend fuel and rising oil prices above $70 per barrel. Supply issues due to refinery maintenance and geopolitical factors also contribute to this price surge. Market analysts predict potential impacts from looming tariffs on imported crude oil, which could further affect gasoline prices.
Source: YAHOO
Reported about 18 hours ago
China is reportedly limiting its domestic companies from investing in the US, highlighting the impact of President Trump's trade policies on its export-driven economy. Experts note that while China depends heavily on the US market, this move may serve as a warning about its potential responses to ongoing trade tensions. The situation introduces significant uncertainty for investors as the implications of these policies unfold.
Source: YAHOO
Reported about 18 hours ago
As President Trump's new tariffs are unveiled, fears grow among Republicans that they could face electoral defeats similar to the 2018 midterms, where tariffs were a significant factor in their losses. With the introduction of a new two-step tariff approach that impacts a wide range of goods, analysts predict that consumers, especially those with low and middle incomes, may feel the economic effects more directly this time, potentially jeopardizing Republican control in the upcoming elections.
Source: YAHOO
Reported about 19 hours ago
The U.S. Department of Health and Human Services plans to lay off 20,000 employees, which could significantly affect the development of new drugs and therapies. Experts, including Dr. Ezekiel Emanuel, emphasize the critical role of government funding in biomedical research, arguing that the private sector cannot entirely replace the public sector's contributions. The potential cuts raise concerns about the sustainability of a vital ecosystem that relies on collaboration between government, universities, and drug companies.
Source: YAHOO
Reported about 20 hours ago
Tesla reported first quarter deliveries of 336,681 vehicles, missing analysts' expectations of 390,343, leading to a 5% decline in its stock price. The company attributed the shortfall to production delays related to the transition of Model Y lines across its factories, amid concerns about declining demand in key markets. Analysts are questioning whether new product offerings, including a cheaper EV model, will be enough to boost sales as the company faces heightened competition from rivals like BYD.
Source: YAHOO
Reported about 22 hours ago
According to veteran strategist Peter Berezin of BCA Research, the stock market may be on the verge of a significant decline, potentially tied to the unreleased effects of Trump's tariffs amidst an impending recession. Berezin warns that consumer impacts from these tariffs have not been fully factored into market valuations, leading to the possibility of the S&P 500 dropping to around 4,450 points by year-end.
Source: YAHOO
Reported about 22 hours ago
Oil prices are projected to fall to the low $60-per-barrel range as oversupply continues to affect the market. Strategist Vikas Dwivedi discusses how geopolitical tensions, tariffs, and sanctions are impacting oil demand and pricing, suggesting that significant reductions in supply from countries like Russia and Iran could drive prices higher, despite the current oversupply situation.
Source: YAHOO
Reported about 23 hours ago
BHP Group is considering a spin-off of its Australian iron ore and coal divisions as it shifts focus towards future-oriented commodities like potash and copper. While this restructuring could reduce its carbon exposure and significantly change the company’s operations, discussions have stalled as BHP needs the cash generated by these divisions for ongoing projects. New leadership under Ross McEwan and a reevaluation of business strategies suggest any potential spinoff might be delayed.
Source: YAHOO
Reported about 23 hours ago
Stellantis has reached an agreement with trade unions for 350 voluntary layoffs at its plants in Pomigliano and Pratola Serra, primarily impacting employees nearing retirement. This decision aligns with the company's strategy to enhance production in Italy, as outlined in plans presented to the government in December. The layoffs involve 300 workers from the Pomigliano assembly plant and 50 from the Pratola Serra engine facility.
Source: YAHOO
Reported about 23 hours ago
European Central Bank's Isabel Schnabel warned that trade fragmentation from a trade war could lead to significant inflation increases and negatively impact global growth. In her presentation, she noted that severe disruptions in trade could raise inflation by several percentage points initially, while mild decoupling effects could linger below 1% for years. She emphasized that trade fragmentation is fundamentally damaging to both economic growth and inflation.
Source: YAHOO
Reported about 23 hours ago
Switzerland has broadened its export controls on dual-use goods, particularly in the fields of quantum computing, semiconductors, artificial intelligence, and additive manufacturing. This move aims to align Swiss export regulations with international standards while ensuring that Swiss industry and research can access critical technologies. A comprehensive list of affected goods will be published by the government.
Source: YAHOO
Reported about 24 hours ago
The escalating trade war initiated by U.S. President Donald Trump poses significant challenges to Asian economies, which have benefited from export-driven growth. With higher tariffs on various imports, including autos and pharmaceuticals, countries like China, Japan, Taiwan, South Korea, Vietnam, and India are bracing for economic impact, leading to shifts in manufacturing and trade strategies. This uncertainty is causing companies to reconsider their operations amidst rapidly changing trade dynamics.
Source: YAHOO
Reported about 24 hours ago
As the U.S. economy faces uncertainty due to policy changes under President Trump, Richmond Fed President Tom Barkin has noted that conversations with businesses are vital for understanding economic trends. Despite initial optimism, businesses are now hesitant to invest, raising concerns about slower growth and higher inflation. The Fed's decision-making process relies heavily on qualitative data gathered from these discussions, highlighting the importance of real-time insights during a period of significant economic transition.
Source: YAHOO
Reported about 24 hours ago
Danish shipping giant Maersk is optimistic about continued growth in the US market this year, driven by strong demand. However, the company expresses concern over potential disruptions from US President Trump's upcoming tariff announcements, which could impact global trade flows and create instability in inventory strategies. Despite a positive start to 2025, Maersk notes declining consumer confidence and the unpredictable nature of tariff implications as significant factors that could affect economic visibility and spending.
Source: YAHOO