Reported 17 days ago
On April 3, 2025, the financial markets faced their steepest one-day decline since 2020, with the Nasdaq dropping nearly 6% and the S&P 500 falling approximately 5% due to unexpected tariffs announced by President Trump. This significant sell-off resulted in substantial losses for major tech stocks, collectively losing about a trillion dollars in market capitalization. Market analysts are now concerned about potential recession risks and are adjusting their forecasts, emphasizing the need for close monitoring of upcoming economic data and international negotiations.
Source: YAHOO
Reported 17 days ago
Jim Cramer recently discussed the implications of tariffs on Dollar General (DG) and other retailers, emphasizing that they will likely face harm due to these measures. While he noted a bounce-back in the market after initial declines, he cautioned that uncertainty regarding government actions could worsen volatility. According to Cramer, despite clear warnings about the adverse effects, some investors still believe the tariffs won't impact retail, which he strongly disputed.
Source: YAHOO
Reported 17 days ago
Fox Corporation (NASDAQ:FOX) has seen gains recently as cord-cutting appears to be slowing down, a trend highlighted by Jim Cramer. In a recent market analysis, Cramer attributed the recovery of FOX's stock to rising streaming service prices, making traditional cable more attractive. Despite prevailing market negativity, Cramer expressed optimism for FOX's performance due to strong management and a potential change in investor sentiment.
Source: YAHOO
Reported 17 days ago
President Trump has signed an executive order ending the de minimis tax exemption for low-value parcels, primarily from China, which has allowed millions of tax-free items to enter the U.S. daily. Effective May 2, this change will mean a 30% duty or $25 fee on packages valued under $800, raising concerns about increased prices and shipping times. The move is seen as a response to trade loopholes and illegal activities associated with cheap imports, with potential consequences for e-commerce giants like Shein and Temu, which thrived under the previous exemption.
Source: YAHOO
Reported 17 days ago
Amidst a turbulent market triggered by reciprocal tariffs, shares of fast food giants like McDonald's, Yum! Brands, and Restaurant Brands International saw gains while the S&P 500 fell sharply. Analysts suggest that these chains could be more resilient due to their domestic sourcing and franchise models, contrasting with losses reported by fast-casual competitors. Despite the potential for promotional pricing strategies to alleviate market pressure, concerns about earnings growth and a possible recession complicate the outlook for these companies.
Source: YAHOO
Reported 17 days ago
Source: WSJ
Reported 17 days ago
Source: WSJ
Reported 17 days ago
Kraken, the U.S.-based crypto exchange, has officially registered as a restricted dealer in Canada as of April 2, 2025, after enhancing its governance and compliance protocols to meet the Ontario Securities Commission's requirements. This step underscores Kraken's commitment to Canadian crypto investors and includes the introduction of free Interac e-Transfer deposits to improve accessibility. The firm has experienced significant growth, with client assets surpassing CAD 2 billion and plans to expand its presence in Canada under the leadership of newly appointed GM Cynthia Del Pozo.
Source: YAHOO
Reported 17 days ago
Anthony Pompliano has praised President Trump's newly introduced tariffs, arguing they reveal the flaws in traditional finance and enhance the case for decentralized solutions like Bitcoin. Despite a sharp decline in crypto markets following the announcement, Pompliano believes these tariffs underscore the urgency for alternative financial systems, as linked political actions have pushed the Trump family towards embracing cryptocurrency.
Source: YAHOO
Reported 17 days ago
New York Governor Kathy Hochul criticized the tariffs imposed by the Trump administration, describing them as the largest tax increase in American history during an appearance on 'Balance of Power.'
Source: YAHOO
Reported 17 days ago
Source: INVESTORS
Reported 17 days ago
Source: WSJ
Reported 17 days ago
Source: WSJ
Reported 17 days ago
The wealth of the world's 500 richest individuals fell by $208 billion in a single day following the broad tariffs announced by President Donald Trump, marking one of the largest declines in the Bloomberg Billionaires Index's history. Notable losses were seen by prominent figures such as Mark Zuckerberg, Jeff Bezos, and Elon Musk, with U.S. billionaires being particularly affected. In contrast, Carlos Slim of Mexico benefitted from being excluded from the tariffs, and the Middle East experienced slight gains amid the turmoil.
Source: YAHOO
Reported 17 days ago
President Trump stated he would consider granting tariff relief to China if it approves a deal for the sale of TikTok, the social media app owned by ByteDance. Speaking onboard Air Force One, Trump highlighted the potential of using tariffs as a bargaining chip, indicating that China might agree to a deal if concessions are made regarding U.S. tariffs on its imports. With an approaching deadline for TikTok to secure a U.S. buyer, Trump mentioned that negotiations are progressing with various investors involved.
Source: YAHOO
Reported 17 days ago
Despite a significant market downturn, Intel's stock rose by 2.1% following news of a potential partnership with Taiwan Semiconductor Manufacturing Company (TSMC). Reports suggest that TSMC may take a 20% stake in Intel's chip foundry unit, a collaboration that could enhance Intel's capabilities in the growing AI chip sector. This development stands in stark contrast to the broader market, where the S&P 500 dropped 4.9% and the Nasdaq fell 6% due to new tariffs announced by the Trump administration.
Source: YAHOO
Reported 17 days ago
RH's shares fell dramatically by 40% following disappointing earnings reports and new tariffs on imports from Asia introduced by the Trump administration. This decline prompted a broader downturn in the furniture sector, with shares of Wayfair dropping by nearly 25% and La-Z-Boy decreasing by about 9%.
Source: YAHOO
Reported 17 days ago
Sweetgreen's stock plummeted 12% today in response to President Trump's 'Liberation Day' tariff announcement, with the overall S&P 500 declining by 4.8%. Although most of Sweetgreen's ingredients are sourced domestically, it does rely on some imports, including from Mexico and China. The potential impact of tariffs, coupled with declining consumer confidence, poses risks to discretionary spending, which could further affect restaurant stocks like Sweetgreen. Despite these challenges, analysts believe Sweetgreen's long-term growth prospects remain intact due to its unique positioning in the fast-casual salad market.
Source: YAHOO
Reported 17 days ago
Source: BARRONS
Reported 17 days ago
A margin call occurs when the value of assets in a brokerage account drops below a required maintenance margin, prompting the investor to deposit more cash or securities. This can happen to any investor using borrowed money to purchase securities, especially during volatile market conditions. To avoid a margin call, it's advisable to maintain extra funds, diversify investments, and closely monitor the account balance.
Source: YAHOO
Reported 17 days ago
Shares of Cleveland-Cliffs, a prominent U.S. steelmaker, dropped 16.9% on Thursday, raising questions about the effectiveness of recent tariffs implemented by the Trump administration to support domestic steel prices. Historically, such tariffs have negatively impacted end-market demand, particularly in the automotive sector, which has led to layoffs and plant closures within Cleveland-Cliffs. While management seeks to present an optimistic outlook, the overall demand for steel remains uncertain as high tariffs may reduce consumer purchasing power.
Source: YAHOO
Reported 17 days ago
Source: BARRONS
Reported 17 days ago
AbbVie has lowered its adjusted profit forecast for 2025, anticipating $248 million in acquisition expenses related to milestone payments and R&D costs. This change comes as the company expands its drug pipeline following the patent expiration of its arthritis drug, Humira, in 2023, and recent acquisitions totaling over $20 billion. The new profit expectations for 2025 are between $11.99 and $12.19 per share, down from a previous estimate of $12.12 to $12.32.
Source: YAHOO
Reported 17 days ago
Bank stocks experienced a significant decline after President Trump's announcement of sweeping tariffs on U.S. imports, including a 10% tariff on all imported goods, which raised concerns about economic growth and inflation. The KBW Nasdaq Bank Index dropped over 9.8% amid fears of recession and uncertainty in global trade, with Citigroup suffering the largest losses at 12%. Analysts predict those tariffs could hinder business investments and increase pressures on the economy.
Source: YAHOO