Trump tariffs make Best Buy a big loser as Citi downgrades the stock
Best Buy could be walloped from new Trump tariffs.
Nike Stock Tumbles as US Tariffs Hit Asian Suppliers
Nike shares are tumbling 13% in intraday trading Thursday after President Donald Trump imposed steep reciprocal tariffs on Vietnam and other Asian countries where the sneaker giant makes most of its products.
Morgan Stanley expects no rate cuts from the Fed this year
Morgan Stanley said on Thursday it expects the U.S Federal Reserve will not cut rates this year due to potential elevated inflation levels on the back of Trump's latest tariffs. Trump on Wednesday imposed a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries. The Wall Street brokerage had earlier expected a 25 basis point cut in June.
Walmart, Target, and Other Retail Stocks Sink as Investors Digest Trump Tariffs
Walmart, Target, and other retail stocks sank Thursday after the Trump administration announced sweeping reciprocal tariffs against U.S. trading partners.
Fewer Americans file for jobless benefits last week as labor market continues to show strength
The number of Americans seeking unemployment benefits fell modestly last week, remaining within the same range of recent years. Jobless claim filings fell by 6,000 to 219,000 for the week ending March 29, the Labor Department said Thursday. Weekly applications for jobless benefits are considered a proxy for layoffs, and have remained mostly in a range between 200,000 and 250,000 for the past few years.
Treasury Secretary Bessent blames Trump tariff sell-off in markets on deflating AI bubble: ‘That’s a Mag 7 problem, not a MAGA problem’
Bessent appears to be more interested in bringing down borrowing costs to stave off a potential sovereign debt doom loop than in the $1.5 trillion drop in equities.
Whales Buy the Bitcoin Dip: First Meaningful Accumulation in 8 Months
Another indicator, though, continues to point to downward price pressure.
Bitcoin dips below $84,000 as ‘extreme fear’ grips markets
Bitcoin tumbles below $84K as fear spikes and over $500M in liquidations shake the crypto market.
ZETA warns of economic risk of tariffs on EV supply chain
Tariffs introduce uncertainty into an EV supply chain that companies are investing billions of dollars in, according to the trade group.
Rich Dad Poor Dad Author has a new favorite — and it’s not Bitcoin
Kiyosaki has a new favorite coin, and it’s not Bitcoin.