Reported 16 days ago
B. Riley Financial announced it received a notification from Nasdaq regarding a delay in filing its annual report due on March 17. Although the notice does not immediately affect its listing, the company is required to submit a compliance plan by June 2.
Source: YAHOO
Reported 16 days ago
Markets are reeling from President Trump's recent tariffs, leading to significant losses in U.S. stock values and heightened fears of a potential global recession. With the S&P 500 suffering its largest drop since March 2020, investors are anxious about upcoming economic forecasts and the impact of tariffs on inflation and growth. As uncertainty looms, many are bracing for further volatility with earnings reports and economic indicators on the horizon.
Source: YAHOO
Reported 16 days ago
Amid rising tensions due to President Trump's new tariff policies causing significant stock market declines, experts suggest that Congress's influence through quiet conversations is the only feasible method to encourage change. However, achieving legislative action to overturn tariffs appears improbable, leaving persuasion as the primary tool for Congress to address constituents' concerns.
Source: YAHOO
Reported 16 days ago
Meta Platforms Inc. plans to invest close to $1 billion in a data center project in central Wisconsin, as part of its expansion in AI and cloud infrastructure. The investment follows a deal struck by Wisconsin with an unnamed company, later revealed to be Meta, for an anticipated multiyear investment of $837 million. This move highlights the increasing competition among tech giants to expand their data center capacity, despite concerns about the sustainability of such rapid construction. The initiative promises significant economic benefits to the local community.
Source: YAHOO
Reported 16 days ago
President Trump recently imposed significant tariffs, including a 10% base tariff and country-specific import taxes, which are expected to drastically increase the effective tariff rate to over 22%—the highest in over a century. Economists predict that these tariffs will raise consumer prices, costing households an estimated $3,800 annually and potentially slowing economic growth in the long term.
Source: YAHOO
Reported 16 days ago
U.S. homebuilder stocks saw an increase on Friday despite a wider market selloff caused by new tariffs announced by the Trump administration. The rise in homebuilder stocks was attributed to falling Treasury yields and mortgage rates, which could boost demand in the housing market. Key companies like D.R. Horton and PulteGroup experienced significant gains, even as analysts warned of potential negative impacts from tariffs on the overall housing market.
Source: YAHOO
Reported 16 days ago
The Cboe Volatility Index (VIX) surged to its highest level since April 2020, closing at 45.31 as a trade conflict with China sent the S&P 500 to an 11-month low. Traders increased their purchasing of put options to hedge against further declines amid heightened market volatility. Comments regarding the Federal Reserve's lack of urgency to cut interest rates exacerbated market instability, leading to forced selling and a broad sell-off as recession fears rose.
Source: YAHOO
Reported 16 days ago
The US stock market experienced a significant decline as the S&P 500 Index fell to an 11-month low, erasing over $5.4 trillion in value within two trading sessions. This downturn was largely influenced by Federal Reserve Chairman Jerome Powell's comments indicating that the tariffs imposed by the Trump administration could have a lasting effect on inflation. The market saw all 11 sectors decline, with major stocks like Nvidia, Apple, and Tesla falling sharply. Amid growing recession fears and escalating trade tensions, analysts predict further economic pain unless policy changes are implemented.
Source: YAHOO
Reported 16 days ago
GameStop shares experienced an 11% increase on Friday, reaching $23.49, after a regulatory filing indicated CEO Ryan Cohen had acquired 500,000 shares, boosting his total stake to approximately 8.4%. This surge occurred amidst a significant decline in broader market indexes and followed GameStop's recent decision to include bitcoin in its corporate investment strategy.
Source: YAHOO
Reported 16 days ago
A deal to transfer TikTok’s U.S. assets into an American-based company was paused after China indicated it would not approve the arrangement, influenced by President Trump’s new tariffs. Despite the deal’s approval by various stakeholders, including the U.S. government and investors, ongoing tensions over tariffs led to the decision, with Trump extending a deadline for ByteDance to sell TikTok's U.S. operations.
Source: YAHOO
Reported 16 days ago
The escalating trade war initiated by Trump's recent tariff increases has plunged Wall Street into chaos, with the Nasdaq confirming a bear market and both the Dow and S&P 500 facing steep declines. Traders are reacting to fears of a looming global recession, resulting in substantial losses across major indices, with record trading volumes reflecting heightened investor panic. Concerns are exacerbated by retaliatory measures from global partners, leading to predictions of significant economic challenges ahead.
Source: YAHOO
Reported 16 days ago
In a tumultuous week for the global economy, President Trump's highest tariffs in over a century triggered a $5 trillion loss in the U.S. stock market, with the Nasdaq officially entering bear market territory. In response to the tariffs, China imposed additional duties on U.S. imports, escalating the trade war and raising fears of a global recession. Despite expectations for interest rate cuts from the Federal Reserve, indicators point to a worsening economic landscape, including rising inflation and plummeting oil prices.
Source: YAHOO
Reported 16 days ago
As President Trump's new, higher tariffs go into effect on April 9, investors are keeping a close eye on the week ahead, which also marks the beginning of earnings season with Delta Air Lines, JPMorgan Chase, and Constellation Brands set to report. Plus, the March CPI report on inflation will be released on Thursday.
Source: YAHOO
Reported 16 days ago
The Nasdaq Composite index has officially entered a bear market, closing over 20% below its record high after a 22.7% decline since December 16. This drop was fueled by investor concerns over potential trade wars triggered by new tariffs announced by President Trump, compounded by China responding with its own tariffs on U.S. goods. The index fell 5.8% on Friday, dragging down major tech stocks like Apple and Nvidia, while the S&P 500 and Dow Jones also showed significant declines.
Source: YAHOO
Reported 16 days ago
Trump's newly implemented 20% tariffs on European Union imports threaten the US bourbon and spirits industry, which is already facing difficulties from declining demand and competition. Analysts warn that proposed 200% tariffs on EU wine and spirits could severely limit imports and exacerbate existing challenges. Producers like Brown-Forman are preparing for these tariffs, while companies including Diageo and Campari may need to raise prices significantly to offset the tariff impacts, leading to a pessimistic outlook for the sector amid shifting consumer preferences.
Source: YAHOO
Reported 16 days ago
Meta Platforms is set to invest nearly $1 billion to establish a data center in central Wisconsin, as reported by Bloomberg News. This investment, part of Meta's push into artificial intelligence, follows a previous agreement made in February for a project amounting to $837 million. The company is responding to increasing demands for computing power required for generative AI applications, highlighting the growing trend of investments in data centers by tech giants.
Source: YAHOO
Reported 16 days ago
Klarna, StubHub, and eToro have postponed their planned initial public offerings (IPOs) amid a challenging market environment. Discussions among financial analysts reveal concerns about declining investor sentiment and the implications for bank earnings, especially regarding investment banking fees. The ongoing IPO delays are seen as a potential threat to the health of startups and the broader economy, particularly in regions heavily reliant on IPO activity like Silicon Valley.
Source: YAHOO
Reported 16 days ago
US stocks faced a dramatic decline on Friday, with the Dow plunging by over 2,200 points as China retaliated against President Trump's tariffs, escalating a global trade war. This tit-for-tat has raised fears of a recession, with the S&P 500 losing $5.06 trillion in value over two days. Despite a slight recovery from initially low points following news of potential tariff negotiations with Vietnam, fears drove investors to safe havens like gold and government bonds, contributing to a market sentiment heavily impacted by tariff anxiety.
Source: YAHOO
Reported 16 days ago
In March, the U.S. economy added 228,000 jobs, surpassing expectations and indicating a resilient labor market amid economic uncertainties. The growth was particularly strong in the services sector, healthcare, and transportation. Despite this positive news, concerns about new tariffs and potential impacts on hiring and inflation loom large, leading some economists to predict a dampening effect on the job market in the coming months. The unemployment rate ticked up to 4.2%, reflecting more people entering the labor force, while wages saw a slight easing in growth.
Source: YAHOO
Reported 16 days ago
The US stock market saw a disastrous day on Friday as the Dow Jones Industrial Average plummeted over 2,200 points, marking its steepest drop since 2020. This plunge followed retaliatory tariffs imposed by China in response to President Trump's recent tariffs, leading to fears of an escalating trade war and potential recession. The broader S&P 500 and tech-heavy Nasdaq Composite also suffered significant losses, with both indexes entering correction and bear market territory respectively, igniting investor panic and a rush to safer government bonds.
Source: YAHOO
Reported 16 days ago
On April 4, 2025, the S&P 500 index saw a sharp decline of 6.0%, following China's counter-tariff measures in response to President Trump's import duties. The trade tensions impacted various sectors, particularly oil and technology, resulting in significant drops in stock values, including a 16.0% plunge for GE HealthCare. While some sectors like homebuilders saw gains due to falling interest rates, the overall market sentiment remained negative amidst fears of a slowing global economy.
Source: YAHOO
Reported 16 days ago
Economist Joe Brusuelas from RSM cautions investors that the current market sell-off, driven by President Trump's tariffs, bears resemblance to the turmoil of late 2007 and early 2008 when hedge funds began to collapse. In a discussion, he highlights systemic risks similar to past crises and suggests that intervention, possibly from influential figures like Warren Buffett or policymakers, will be necessary to stabilize the situation.
Source: YAHOO
Reported 16 days ago
As the new earnings season approaches, analysts have significantly lowered their earnings estimates for S&P 500 companies. A recent FactSet analysis shows that more companies are projecting first-quarter results below analysts’ expectations, raising concerns about the health of the U.S. economy amidst market volatility. Interestingly, the financial sector is the only sector to see an increase in its full-year earnings per share estimate.
Source: YAHOO
Reported 16 days ago
Nvidia, Apple, and Tesla witnessed dramatic stock declines on Friday, contributing to the broader sell-off of the 'Magnificent Seven' as an intensifying trade war led to widespread selling on Wall Street. With Nvidia dropping over 7% and Tesla plummeting more than 10%, the Nasdaq Composite entered bear market territory. This sell-off followed China’s announcement of retaliatory tariffs against U.S. goods in response to President Trump's import levies. Analysts are warning that such tariffs could lead to a global recession and devastate the tech sector.
Source: YAHOO
Reported 16 days ago
Global hedge funds and leveraged ETFs rapidly sold over $40 billion in stocks after President Trump's unexpected announcement of increased tariffs, pushing S&P 500 companies to lose more than $4 trillion in market value. Major financial institutions like JPMorgan and Goldman Sachs noted a significant shift toward bearish positions, with substantial selling primarily in financial and tech sectors, while only defensive sectors like real estate saw buying activity. The market volatility has prompted hedge funds to unwind positions to mitigate risks.
Source: YAHOO