Reported 3 days ago
The benchmark diesel price has risen for the second consecutive week, reaching $2.592 per gallon amid a tightening futures market. This increase follows a period of fluctuating prices and suggests a potential bottom has been reached. Futures prices for crude oil also saw significant increases, influenced by geopolitical tensions and declining U.S. crude production, with the EIA reporting the lowest production in 11 months.
Source: YAHOO
Reported 3 days ago
As President Trump's new tariffs loom, small business owners express anxiety about their growth plans. Insights from Elizabeth Gore, co-founder of Hello Alice, reveal a prevailing sense of unease among entrepreneurs, particularly in sectors like agriculture and food services, as they grapple with potential cost impacts and the availability of essential resources.
Source: YAHOO
Reported 3 days ago
Coinbase shares have declined for four consecutive sessions, concluding a volatile month with a 20% drop in value. The stock is currently within a descending broadening formation, with the potential for a 'death cross' to emerge as the 50-day moving average approaches the 200-day average. Investors should observe key support levels around $146 and $115, and resistance levels near $206 and $264, as trading interest wanes amid a significant drop in bitcoin’s price and trading volumes.
Source: YAHOO
Reported 3 days ago
In the first quarter of 2025, Tesla's stock was among the worst performers in the S&P 500, losing over a third of its value due to declining sales, particularly in the European Union and China, coupled with backlash over Elon Musk's political involvement. The stock saw a nine-week decline, despite some analysts maintaining a bullish outlook, giving it a 'buy' rating.
Source: YAHOO
Reported 3 days ago
As global markets grapple with uncertainty due to President Trump's protectionist trade policies, gold prices have surged to new record highs, reaching $3,122.80 per ounce. Investors are flocking to gold as a safe haven amid fears of an escalating trade war and potential inflation. The demand for gold from central banks and geopolitical tensions are further contributing to the rise. While gold is often viewed as a stable investment, experts advise caution regarding its volatility and recommend diversifying investment strategies.
Source: YAHOO
Reported 3 days ago
The Social Security Administration is investigating a recent outage affecting its MySSA portal, which allows users to manage benefits online. This downtime, which impacted user access but not the site itself, is part of a trend of increased outages as the agency pushes for more online services and efficiency, while also combating fraud. Despite these issues, reports indicate that significant fraud is not prevalent in the system.
Source: YAHOO
Reported 3 days ago
Moody's recently issued warnings about the increasing U.S. debt, suggesting that the nation's triple-A credit rating could be at risk due to soaring deficits and rising interest rates. The agency highlighted that the financial advantages of the dollar are potentially diminishing as debt affordability declines. Projections indicate that public debt could reach alarming levels, leading to serious economic implications if current fiscal policies are not corrected.
Source: YAHOO
Reported 3 days ago
Deutsche Bank has upgraded Goodyear Tire & Rubber Co. to a buy rating, citing that the company is poised to benefit from President Trump's tariffs on car imports because most of its U.S. demand is from domestic manufacturers and tires are not currently included in the tariffs. Analyst Edison Yu believes that any slump in new vehicle sales will be offset by higher sales of replacement tires, and he maintains a $13 price target for the stock, which represents significant upside potential.
Source: YAHOO
Reported 3 days ago
International Monetary Fund (IMF) Managing Director Kristalina Georgieva stated that despite the uncertainties and decreased confidence caused by U.S. tariffs under President Trump, a recession is not anticipated in the near future. While the IMF may slightly lower its economic growth estimates, it remains optimistic about the global economy's resilience. Georgieva emphasized the importance of clarity in tariff policies to prevent further negative impacts on growth.
Source: YAHOO
Reported 3 days ago
Security firm ReliaQuest announced it has raised over $500 million in a funding round led by EQT, KKR, and FTV Capital, bringing its valuation to $3.4 billion. Founded in 2007, ReliaQuest offers an AI-powered security operations platform called GreyMatter, which helps security teams identify threats at their source.
Source: YAHOO
Reported 3 days ago
国际货币基金组织（IMF）和世界银行正在努力应对特朗普总统可能导致的美国与这些机构的关系紧张。两大国际金融机构正向特朗普政府阐明它们在促进美国利益方面的价值，特别是在全球金融稳定和发展领域。尽管面临美国可能退出这两家机构的风险，IMF和世界银行的领导者仍在与财长疏通关系，以确保这些机构的存在对美国经济的益处。
Source: YAHOO
Reported 3 days ago
Coinbase's shares fell 31%, marking the worst quarterly performance since the FTX collapse, due to rising concerns about the US economy impacting digital assets. The broader crypto market struggled as Bitcoin and Ether lost significant value, with market volatility increasing in light of economic uncertainties and trade war fears. While some view Bitcoin as a safe haven, traditional assets like gold have performed better amid market turmoil.
Source: YAHOO
Reported 3 days ago
Moody's remains the only major credit rating agency to maintain a triple-A rating for US debt, but new analysis suggests concerns over the US's fiscal stability could lead to a downgrade. Amid rising federal deficits and a worsening debt position compared to other nations, experts are debating the implications of potential tax cuts and their effects on national debt as the rating agencies indicate a reevaluation of the US's financial health.
Source: YAHOO
Reported 3 days ago
As U.S. President Donald Trump prepares to unveil new tariffs on imports, which he refers to as 'Liberation Day,' many details remain unclear ahead of the announcement on April 2. The proposed reciprocal tariffs aim to enhance U.S. independence from foreign goods, possibly raising revenue significantly but raising concerns among economists about resulting higher consumer prices and market instability. While Trump has threatened tariffs on a wide range of products from various countries, the actual implementation and potential retaliations from trading partners could create further trade tensions.
Source: YAHOO
Reported 3 days ago
Wall Street concludes a challenging quarter, with the S&P 500 dropping 4.6% as investors grapple with policy uncertainties and fears of recession, especially influenced by tariffs and declining consumer confidence. Notably, the 'Magnificent Seven' tech stocks have also faced significant declines, contributing to the market's overall underperformance. Despite this, some analysts suggest the potential for recovery, as historical trends indicate that sharp selloffs are often followed by better returns.
Source: YAHOO
Reported 3 days ago
Estee Lauder faces a federal lawsuit in the U.S. for allegedly defrauding shareholders by hiding its reliance on improper gray-market sales in China. A judge ruled that shareholders identified misleading omissions regarding the impact of a government crackdown on 'daigou' sales, which hurt the company's stock value by approximately $8.7 billion. The lawsuit includes claims against former executives, asserting they failed to disclose key factors affecting sales performance.
Source: YAHOO
Reported 3 days ago
Lucid Motors is seeing an increase in interest from Tesla owners as it launches its new Gravity SUV, which is set to begin deliveries in April. Interim CEO Marc Winterhoff noted that many former Tesla customers are looking for alternatives, particularly in light of recent challenges faced by Tesla. With the Gravity expected to appeal more broadly due to its SUV format, Lucid aims to produce 20,000 vehicles by the year-end while facing competition from established brands. Moreover, all Lucid vehicles are manufactured in Arizona, protecting them from tariffs on foreign imports.
Source: YAHOO
Reported 3 days ago
Hyundai has informed U.S. dealers that it may adjust its vehicle pricing in light of upcoming 25% tariffs on imported vehicles and parts. CEO Randy Parker stated that the current pricing is not guaranteed for units sold after April 2, as these tariffs could significantly increase the cost of vehicles. Analysts predict that consumers could face price hikes averaging an additional $3,000 to $6,000. Despite the tariffs, Parker noted Hyundai's limited dependence on imports from Mexico and Canada.
Source: YAHOO
Reported 3 days ago
Federal Reserve officials expressed caution regarding interest rates, highlighting risks of inflation linked to tariffs. New York Fed President John Williams indicated that monetary policy is currently restrictive but stable, necessary for assessing future economic data. Richmond Fed President Thomas Barkin shared concerns about tariffs potentially raising prices and impacting the job market. As economic uncertainty rises, Goldman Sachs increased recession probabilities due to consumer and business confidence declines. Overall, Fed officials remain committed to preventing high inflation from taking root.
Source: YAHOO
Reported 3 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 3 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 3 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 3 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 3 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 3 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