Nintendo pauses Switch 2 preorders as the new console will probably get whacked by tariffs
newest console, the $450 Switch 2 , is “likely to bear 22% tariffs at a minimum,” according to a new note from Wedbush Securities. On Friday, Nintendo said it's delaying preorders for the Switch 2 "in...
Tesla keeps underperforming more tariff-affected automakers
Thanks to tariffs and reciprocal tariffs, automakers are doing terribly today. But hey, at least they’re not , which at one point was down more than 11% this morning. It’s down 8.1% as of 11:20 a.m. T...
Stocks swoon on a costly economic divorce between the US and China
It hasn’t always been an easy relationship. But President Trump’s announcement of a 54% tariff on Chinese goods Wednesday effectively signaled an end to the half-century economic relationship between ...
Why the tariff announcements hit Nike so hard yesterday, in one chart
Though many stocks got caught up in yesterday’s tariff-induced sell-off, investors had a particularly painful day. Shares in the Swoosh company dropped 13%, erasing more than $12 billion in market va...
Tariff turmoil doesn’t deter corporate bitcoin buys
Liberation Day (or as some have dubbed it, Obliteration Day) wreaked havoc on crypto-adjacent stocks . In comparison to the S&P 500 , price is steady, hovering around $82,000 this Friday morning, abo...
Smartphones, solar panels, and laptops: What we get from the highest tariffed countries
President Trump’s worldwide tariffs on pretty much all imports to the US are not distributed equally. Two-thirds of the countries listed in Trump’s plan (including the ones populated exclusively by pe...
Reassuring US job growth provides a small comfort blanket for traders fretting over tariffs
We have no clue how much pain tariffs, retaliatory tariffs, and counter-retaliatory tariffs are going to inflict on the US economy going forward. But one thing we have learned is that the American lab...
RBC slashes S&P 500 target, says we are now “entering the second tier of fear”
RBC Capital Markets no longer thinks the S&P 500 will be higher in 2025, lowering its index target to 5,550 from 6,200. Chief US Equity Strategist Lori Calvasina says that markets are “entering the se...
Volatility loves company — get ready for further big swings in the market
Volatility is back. Yesterday’s dramatic 4.8% tariff-charged sell-off was the S&P 500’s biggest daily drop since June 11, 2020 — back when when the world was grappling with the novel coronavirus. Toda...
US stocks pummeled by tariffs in biggest loss since 2020
US stocks cratered on Thursday as traders reacted to the suite of tariffs that promise to push recession odds higher and make Americans poorer . The S&P 500 slumped 4.8%, the Nasdaq 100 sank 5.4%, and...
Apple just had its worst day since Covid hit, vaporizing over $300 billion of market cap in single session
just had its worst day since March 2020, when a global pandemic roiled markets. Now, a different plague is ripping through Wall Street: President Trump’s “reciprocal tariffs,” which led the iPhone mak...
The tanking US dollar screams that tariffs are America’s Brexit moment
Not long ago, the widely held view on Wall Street was that President Trump’s plan for tariffs could potentially supercharge the strength of the dollar . The idea was based on a couple of reasons. One ...
$22 billion in selling from leveraged ETFs the next shoe to drop for megacap tech stocks
As we await further twists and turns in the tariff saga that’s rocked global markets, the damage that’s already been done promises to cause even more damage. JPMorgan analyst Bram Kaplan noted that be...
Volkswagen’s slapping an “import fee” on its tariffed cars in the US
Europe’s largest carmaker has already fired off its response to President Trump’s 25% tariffs on vehicle imports that went into effect Thursday. told its US dealers that it’s adding an “import fee” on...
Stellantis to lay off hundreds in US, pause work at plants in Mexico and Canada because of tariffs
In response to President Trump’s 25% tariffs on imported vehicles, Jeep maker on Thursday said it’s laying off 900 US workers across five facilities and temporarily pausing production at two assembly...
European luxury stocks fall out of fashion after tariffs, with luxury watch retailer hit particularly hard
As the President Trump’s 20% blanket tariff on all imports from the European Union into the US wreaks havoc on the stock market, one industry that’s fast becoming passé for investors is Europe’s lux...
Traders are betting that tariffs mean the return of transitory inflation
Traders are betting that tariffs will turbocharge inflation — but not for long. One-year inflation swaps have jumped to their highest level since August 2022, the month that Fed Chair Jerome Powell sa...
Goodyear shares climb 9% as the rest of the market spins out
As the rest of the market deals with Thursday’s sell-off by playing “Everybody Hurts” on the car stereo at max volume, investors are doing donuts. Shares of the tire maker rolled up 9% Thursday. What...
This is what a tariff-driven sell-off looks like
Appropriately diagnosing what’s happening in markets, as well as the typically arduous task of assigning causality to market moves, are crucial in allowing you to develop a framework for what might ha...
Apple on track for worst day since Covid hit
tumbled in early trading, putting it on track for its worst day since the early days of the Covid crisis, as other tech hardware makers like and are hit by some of the deepest drops in the market. ...