Stocks erase massive gains to end deep in the red on eve of reciprocal tariffs
The stock market’s recovery off the lows on Monday and early gains on Tuesday was a story of traders hoping and looking for off-ramps from reciprocal tariffs slated to go into effect at midnight. On T...
After hiking its recession probability, Goldman Sachs lowered its US airline industry outlook
After hiking its odds of a recession for the second time in a week ( to 45% ) on Monday, on Tuesday lowered its outlook for the US airline industry and slapped with a downgrade from “neutral” to “se...
Cancel that cross-border Switch 2 smuggler’s run: Nintendo’s delaying preorders in Canada, too
US tariffs are now squeezing Canadian gamers (and those in the US who planned on preordering a Switch 2 to a PO box in Vancouver). After delaying Switch 2 preorders in the US on Friday on account of —...
Apple has erased nearly a year’s worth of market cap gains
Thanks in large part to ongoing tariff escalations between the US and China, has erased pretty much all of the market cap it built up over the last year. At the end of 2024, Apple was worth nearly $4...
Apple hits new lows this year on 104% China tariffs
hit a new low for the year after news that the US would indeed impose 104% tariffs on China , where the company produces many of its products . Apple had already been reeling from the 54% reciprocal t...
US stocks swiftly pare gains as White House confirms 104% tariffs on China
US stocks are falling out of bed, with the S&P 500 completely retracing an advance of 4% on confirmation that an escalating trade war is indeed happening. White House Press Secretary Karoline Leavitt ...
Levi’s says tariffs will have minimal impact on margins this quarter
said it topped Q1 earnings and downplayed the effect of tariffs on its margins, but the stock couldn’t hold on to early gains Tuesday morning. Shares, which had popped as much as 16% in early trading,...
Investors have a “particularly enhanced buying opportunity” in Apple, says Bank of America
Bank of America is pounding the table on attractive risk-reward profile after the stock’s massive tariff-induced plunge . “In our view, the pullback presents a particularly enhanced buying opportunit...
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Robinhood bull removes “buy” rating, cuts estimates
Analysts at Morgan Stanley cut their “overweight” rating (basically, a buy) on to “equal weight” (or hold), and downgraded their earnings forecast and price target for the stock, citing risks “that r...
Ives: Why we can’t “just make this in the USA”
Commerce Secretary Howard Lutnick promised over the weekend that President Trump’s tariffs would bring production of things like the iPhone to the US. Wedbush analyst Dan Ives disagrees, saying tari...
Tariffs are momentarily good for Apple as customers rush to buy iPhones before prices rise
In the long run, tariffs on imports from China and other places where manufactures its goods are bad news for the iPhone maker, as the tariffs could add hundreds of dollars to the cost of producing a...
S&P 500 dips in a day of utter tariff confusion
It was a helter-skelter day on Wall Street full of confusion and, ultimately for the S&P 500, relatively small losses. Stocks opened deep in the red but roared into positive territory after a headline...
Apple to move more iPhone production to India to escape sky-high China tariffs
It looks like is trying to make the best of a bad situation that could add about $300 to the cost of making an iPhone. Apple plans to redirect more of the iPhones it produces in India to be sold in U...
Alibaba is down more than 10% after Trump threatens additional 50% tariffs on China
Today President Donald Trump threatened to impose additional 50% tariffs on China on top of last week’s reciprocal tariffs, after Beijing said it would respond to the US’s 34% reciprocal tariffs in ki...
Super Micro tops S&P 500 as server company screens as a rare ultracheap tech stock
The US stock market as a whole still isn’t cheap , even after the mammoth losses inflicted by President Trump’s reciprocal tariffs . But investors are zeroing in on one AI-linked tech stock that certa...
Nintendo says tariffs weren’t factored into the Switch 2’s $450 price as the industry braces for impact
on Monday hinted that it’s not ruling out an upward adjustment of the $450 US price tag of its Switch 2 console. “As we priced the Switch 2... we didn’t consider tariffs into that equation,” Nintendo ...
Nike’s lost a third of its value in 41 days
Tied up from tariffs, has now lost a third of its value from a recent high on February 25, just 41 days ago. Shares of the sneaker kingpin were down more than 6% on Monday, a drop of more than $28 pe...
Analysts’ word of the week is “chaos”
Sell-side analysts are trying to make sense of the current market and it seems they’ve rallied around one word: chaos. In the week ending April 5, more than 400 analyst notes mentioned the term “chaos...
Americans have been hoarding cash — even before the latest market turmoil
Last week’s reciprocal tariff announcement has investors more jittery than at any point this year. Economists are raising the odds of a global recession, US and global stock indexes are tumbling , and...
Discount stores like Dollar General are weathering the tariff storm just fine
Discount stores are one of the few specks of green in the stock market today amid a broad market meltdown fueled by fears that President Trump’s tariff policies will push the economy into a recession....