Shares of the big four airlines take off on news of 90-day tariff pause
Well that was quick. Shares of the big four US airlines all surged by double digits following the news that the White House will slash reciprocal tariffs for 90 days . Since the announcement dropped a...
V-shaped recovery: The S&P 500 members who have completely erased their tariff-induced losses
The S&P 500 is still down about 5% from levels that prevailed prior to President Donald Trump’s reciprocal tariff announcement last Wednesday, which was both watered down and delayed midday. But about...
Ives: Tariff pause “pulls stocks and the market from the edge,” but China remains the X factor for Apple
Dan Ives, the high-metabolism tech analyst at brokerage firm Wedbush Securities, is first to our inbox with a reaction to the president’s announcement that he would simultaneously hike tariffs on Chin...
Retail stocks stage huge rebound on tariff pause announcement
The SPDR S&P Retail ETF jumped nearly 10% Wednesday afternoon after President Donald Trump announced a cap on reciprocal tariffs at 10% for 90 days. Retail has been one of the hardest-hit sectors, wit...
Analyst: “A bull market in uncertainty”
With stocks whipsawing on Wednesday, Scott Clemons , partner and chief investment strategist at the venerable Wall Street firm Brown Brothers Harriman, took a few minutes to chat about the wild week s...
Bitcoin is over the moon about tariff delay, Strategy spikes too
Bitcoin soared on President Donald Trump’s announcement of a 90-day tariff pause on most countries . started the day at about $76,000 and has jumped to over $82,000 following Trump’s post. Michael S...
Tesla surges as Trump slams the brakes on reciprocal tariffs
shares spiked Wednesday afternoon following President Trump’s decision to slash reciprocal tariffs for 90 days . The stock was already up on the day, but it vaulted nearly another 7% after Trump’s Tru...
Apple soars as Trump pauses tariffs — but there’s a huge China issue here
stock jumped as much as 12% today, soaring higher after the announcement that President Trump would put a 90-day pause on reciprocal tariffs on its trading partners. The problem for Apple is that the ...
US stocks soar as Trump slashes reciprocal tariffs for 90 days
Monday’s fake news is Wednesday’s rocket fuel for the stock market. The S&P 500, Nasdaq 100, and Russell 2000 surged after President Donald Trump said he was reducing the reciprocal tariff to 10% for ...
The trade war is catalyzing a global downgrade of everything American
The pre-Rose Garden status quo of global trade and capital flows was, to simplify: the US bought a ton of stuff from the rest of the world, and in return, the rest of the world bought US bonds and sto...
Amazon cancels some inventory orders from China, looks at investing in US warehousing
Amazon canceled some of its inventory orders coming from China on Wednesday as the Trump administration’s 104% tariffs on the country took effect, according to documents seen by Bloomberg . The online...
Even as CEO warns of potential recession, investors are scooping up Delta stock
Back in November, CEO Ed Bastian thought the Trump administration could be a “breath of fresh air” for airlines. Now, he’s warning that President Trump’s trade policies could lead to a recession. “If...
Microsoft regains title as most valuable company in the world as market rout roils Apple
Microsoft is once again worth more than Apple. took the title from last summer, before surpassed them both in market cap. But the recent tariff rout has been especially hard on Apple , as it produ...
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Analyst: “Cavalry is not coming to the rescue”
With stocks seemingly set for a fifth-straight day of volatility since President Trump’s Rose Garden tariff announcement, we had a quick chat with Steve Sosnick , chief strategist at Interactive Broke...
JPMorgan’s Jamie Dimon warns that US recession is “likely outcome”
CEO Jamie Dimon’s degree of economic angst appears to have ratcheted higher from Monday, when he sent a lengthy letter to shareholders . “Whether or not the menu of tariffs causes a recession remains ...
Pharma stocks sink on threats that they won’t be spared from tariffs much longer
Pharmaceutical stocks are dipping after President Trump suggested they won’t be spared by tariffs for much longer. Drugmakers were spared from the first round of tariffs that went into effect on Wedne...
Walmart soars after maintaining full-year guidance into the teeth of tariffs
soared Wednesday even after the company pulled its first-quarter operating income guidance, citing a mix of shifting consumer behavior, rising costs, and fresh tariff pressure. To cushion the blow, ma...
Delta yanks its full-year guidance thanks to “broad economic uncertainty around global trade”
Three months ago, said 2025 had the potential to be its best fiscal year in a century. Guess the airline never knocked on wood, because its outlook isn’t so rosy anymore. In its first-quarter earning...
Ives: The problem with producing tech hardware in the US is the supply chain “does not exist”
President Trump’s reciprocal tariffs went into effect last night, including ones that would effectively more than double the price of Chinese imports, and the stock market and analysts are angry. In a...
While wealthy collectors buy fewer masterpieces, affordable art is having a renaissance
Last week’s international trade tariffs naturally added complications to the broader picture of the global art market, an industry reliant on moving expensive frames across increasingly expensive bord...