Reported 15 days ago
Nvidia stock has faced challenges recently, but its performance over the past decade has been exceptional, turning a $100 investment into $20,000. Looking forward, while Nvidia may not replicate such extraordinary growth given its current market cap of $2.7 trillion, significant opportunities in the AI and automotive sectors position the company for healthy revenue increases. Analysts suggest Nvidia could potentially reach a market cap of $10 trillion in the next ten years, making it a compelling growth stock for investors.
Source: YAHOO
Reported 15 days ago
Since Donald Trump's initial term, the US and China have engaged in a protracted trade conflict marked by a series of retaliatory tariffs and trade measures. Following Trump's imposition of tariffs on Chinese goods, China responded with significant tariffs on US imports, along with targeted export controls and investigations against US companies. This cycle of escalating tariffs and countermeasures has continued through subsequent administrations, highlighting the ongoing tensions and complexities in US-China trade relations.
Source: YAHOO
Reported 15 days ago
President Donald Trump's recent trade policy introduces tariffs that raise the effective U.S. tariff rate to its highest since 1909, marking a stark departure from post-WWII free trade norms. Experts warn this change may lead to increased inflation and reduced economic growth, drawing comparisons to the Smoot-Hawley Tariff Act of 1930, which deepened the Great Depression. With China already retaliating, the potential for a global trade war looms, prompting concerns about an impending recession.
Source: YAHOO
Reported 15 days ago
After a significant two-day stock market crash, investors are expressing deep concerns about the US economy's outlook. Major indices faced their worst week since 2020, driven by recent tariffs imposed by the Trump administration. Experts warn of an impending recession, with some indicating a 60% likelihood, alongside potential aggressive rate cuts by the Federal Reserve to mitigate economic fallout. The consensus among professionals is that the bull market is over, citing detrimental effects on global growth and challenges for key sectors like technology.
Source: YAHOO
Reported 15 days ago
Palantir Technologies, a prominent AI stock, saw its shares drop nearly 40% from their February high of $125, largely due to concerns over defense budget cuts and recession risks. Despite past recoveries from significant declines, like the 85% drop during the pandemic, investors should remain cautious given the company's inflated valuation of 72 times sales, significantly higher than its historical average. With impressive growth and market positioning, Palantir remains an excellent business, but the current stock price may not be a favorable entry point for new investors.
Source: YAHOO
Reported 15 days ago
France's cognac producers are facing severe challenges due to U.S. tariffs imposed by President Trump, which have exacerbated existing trade tensions and caused a significant decline in sales, particularly to China and the United States. Many vineyards are being uprooted as producers like Christophe Fillioux struggle to navigate the financial crisis stemming from these tariffs, with cognac sales down and plans to cut production further in response to a deteriorating economic environment. The industry's reliance on exports and evolving consumer preferences only add to the challenges, leading to fears that this historic sector may be facing a tumultuous downturn.
Source: YAHOO
Reported 15 days ago
Following a significant market selloff triggered by new tariffs introduced by President Trump, China stated that 'the market has spoken' and urged the U.S. for fair negotiations. In response to the 34% tariffs on Chinese goods, which have increased the total duties to 54%, China announced its retaliatory measures including similar tariffs on U.S. products. This escalating trade war has led to sharp declines in global stock markets, with the S&P 500 seeing a 9% drop for the week.
Source: YAHOO
Reported 15 days ago
As President Trump's new import tariffs are set to take effect, American consumers are hurrying to buy expensive items such as laptops and cars to avoid higher prices. Many are making purchases they had been considering for months, worried that the upcoming tariffs could significantly inflate costs and impact economic growth. Retailers and consumers reflect a shift from a buyer's market to a seller's market due to the impending changes.
Source: YAHOO
Reported 15 days ago
The IRS plans to reduce its workforce by up to 25%, resulting in the layoff of approximately 20,000 employees. This process will start with a 75% reduction in the Office of Civil Rights and Compliance. The cuts are part of efforts under the Trump administration to streamline federal operations and improve efficiency, following previous layoffs and agency closures.
Source: YAHOO
Reported 15 days ago
Rev. Al Sharpton has given PepsiCo three weeks to engage in discussions about reinstating its diversity, equity, and inclusion (DEI) initiatives or face a boycott. Expressing disappointment in the company's decision to eliminate DEI goals, Sharpton emphasized that this move undermines trust with customers and reflects a prioritization of political pressure over equitable practices. He highlighted PepsiCo's historical commitment to diversity and warned that the company's legacy is at risk amidst a broader rollback of DEI efforts in response to political shifts.
Source: YAHOO
Reported 15 days ago
At Microsoft's 50th anniversary, AI chief Mustafa Suleyman discussed his emphasis on improving the 'rate of successful sessions' (SSR) for the AI assistant Copilot, beyond traditional adoption metrics. He highlighted the importance of analyzing anonymized user feedback to enhance Copilot's functionality and engagement. Recent developments include a friendlier voice for Copilot and new features like personalized podcasts and tools for complex queries.
Source: YAHOO
Reported 15 days ago
Nintendo announced that it is delaying the pre-orders for its Switch 2 gaming device in the U.S. originally set for April 9, as it assesses the impact of tariffs and market conditions. However, the launch date remains unchanged on June 5.
Source: YAHOO
Reported 15 days ago
China's recent retaliation against U.S. tariffs includes imposing a 34% duty on American agricultural products, which is expected to significantly decline U.S. soybean exports and accelerate China's pivot to Brazilian suppliers. This strategic move, which started during the previous trade war under President Trump, positions Brazil as the primary beneficiary, likely leading to increased demand and stronger prices for soybeans in South America as China looks for alternatives.
Source: YAHOO
Reported 15 days ago
Rite Aid is contemplating a potential repeat bankruptcy filing after its recent financial restructuring proved inadequate, according to a Wall Street Journal report. Following its Chapter 11 emergence last year, the company has been exploring sales of its businesses as an alternative, but risks further liquidation if these efforts fail. Rite Aid previously incurred significant losses and closed numerous stores during its last bankruptcy process.
Source: YAHOO
Reported 15 days ago
隨著美國總統特朗普實施大規模關稅，全球市場出現了下行趨勢，投資者的警報燈開始閃爍但尚未完全轉為紅色。標準普爾500指數的公司市值在短短兩天內損失了5萬億美元，創下新紀錄。儘管市場壓力信號明顯，股市的經歷並未引發全面恐慌，而是反映出高波動性的緊張情緒。
Source: YAHOO
Reported 15 days ago
Billionaire Elon Musk's lawsuit against OpenAI is set to go to jury trial in spring 2026, following a federal judge's decision. The lawsuit stems from Musk's allegations that OpenAI has deviated from its original mission of developing AI for humanity's benefit. The trial will focus on OpenAI's controversial transition to a for-profit model, which is seen as vital for securing funding and competing in the AI sector. This legal battle involves significant stakes, including Musk's recent acquisition of his social media company X, valued at $33 billion.
Source: YAHOO
Reported 15 days ago
U.S. farmers face potential losses as China retaliates against President Trump's tariffs, particularly impacting soybean, corn, and livestock exports. With tariffs reaching up to 34%, many farmers fear for their livelihoods as crop prices decline and the U.S. may lose its competitive edge in the Chinese market to countries like Brazil. Concerns grow about the need for government aid, but farmers express a desire to thrive independently rather than rely on handouts.
Source: YAHOO
Reported 16 days ago
Howmet Aerospace, a key supplier for Airbus and Boeing, has warned that it may suspend shipments if affected by tariffs imposed by President Trump. In a letter to customers, the company declared a force majeure event, indicating it could excuse itself from contract obligations under certain unavoidable circumstances. This declaration is significant within the $150 billion jetliner industry, as Howmet seeks to negotiate with clients on mitigating the impact of these tariffs, which are part of an escalating trade dispute that has raised fears of a recession.
Source: YAHOO
Reported 16 days ago
Experts suggest that small-cap stocks may be promising investments amid the current bear market influenced by new tariffs imposed by the U.S. government. With increased volatility in the market due to these trade policies, small caps are considered less exposed to foreign trade pressures compared to larger companies, making them potentially more resilient and appealing for investors seeking value during this turbulent financial period.
Source: YAHOO
Reported 16 days ago
Former Microsoft CEO Steve Ballmer advises companies to maintain their investment strategies despite the turmoil caused by President Trump's tariffs. Speaking during Microsoft’s 50th anniversary, he emphasized the importance of taking a long-term view and prioritizing customer service over short-term profits. Ballmer, who led Microsoft through the Great Recession, believes that innovation and sustained investment are crucial for enduring economic challenges.
Source: YAHOO
Reported 16 days ago
In the wake of President Trump's newly imposed tariffs, retirees are increasingly anxious about the economy and its effects on their financial security. As markets plunge and prices rise, many are re-evaluating their spending habits. Although some retirees express hope for market recovery, the prevailing sentiment is one of uncertainty and concern regarding their financial futures.
Source: YAHOO
Reported 16 days ago
Acquisitions and initial public offerings worth billions are on hold as the global economy reacts to Donald Trump's trade war. Major companies like Klarna Bank and StubHub have paused their listings amid market turmoil, with experts predicting delays could last for weeks. The recent imposition of steep tariffs has resulted in significant stock losses and led many firms to reconsider their financial strategies as uncertainty looms over the M&A and IPO landscapes.
Source: YAHOO
Reported 16 days ago
Federal Reserve Chair Jerome Powell expressed concerns that President Trump's hefty tariffs could lead to persistent high inflation and rising unemployment in the U.S. economy. Speaking near Washington, DC, Powell highlighted the uncertainty surrounding economic projections, especially after the recent escalation of tariffs, which could heighten inflationary pressures. The Fed is currently in a holding pattern regarding interest rates as it assesses the impacts of these policies, which have also affected consumer confidence and could potentially push the economy towards 'stagflation.'
Source: YAHOO
Reported 16 days ago
JPMorgan has become the first major Wall Street bank to forecast a recession in the US, projecting that the economy will experience a two-quarter contraction in late 2025, primarily as a consequence of President Trump's tariffs. Chief US economist Michael Feroli estimates that GDP will fall by 1% in Q3 and 0.5% in Q4, resulting in a total decline of 0.3% for the year. This economic downturn is expected to raise the unemployment rate to 5.3%, amidst concerns of stagflation while inflation persists. The Fed may face challenges in adjusting monetary policy as market pressures mount.
Source: YAHOO
Reported 16 days ago
Stocks fell dramatically last week, marking one of the worst weeks in recent history for Wall Street, as investors reacted to the announcement of substantial new tariffs that could significantly affect the U.S. economy. The S&P 500 dropped 10.5% over two days, and the Dow Jones faced its sixth-worst week of the century. Major companies, including Apple and Nike, saw significant losses despite some stocks, primarily in healthcare and utilities, managing to rise.
Source: YAHOO