Author: Trendytimes
Tech stocks plummeted on Thursday, with Apple (AAPL) leading the “magnificent seven” name following President Trump’s mutual tariff announcement the previous day. Apple’s stock notched on its worst day since March 2020 after its share price cratered more than 9% and erased more than $300 billion from its market capitalization. According to analysts, the biggest risks are centered around iPhone manufacturers’ overseas production hubs. This is particularly vulnerable to customs countries. Read more about Apple’s stock movements and market action today. NasdaqGS – Citation delay • USD Nearby: April 3rd, 4:01pm EDT On Wednesday, Trump announced tariffs affecting around 185…
Apple’s (AAPL) shares fell more than 7% before the bell, and still leads the sale of tech stocks following a larger tariff than Trump expected. Apple’s overseas production hubs are particularly vulnerable given the presence of iPhone manufacturers in China, Vietnam and India. These countries face customs duties of 34%, 46% and 26%, respectively, when additional taxes are taken into consideration. “Apple basically produces all iPhones in China. The issue is about exceptions and exemptions from this customs policy, like Apple announced in February, if those companies are building more businesses, factories and plants in the US.” Elsewhere in high…
The shares were recently sold as investors consumed President Trump’s latest tariffs. Headlines are expected to intensify in the week due to the April 2nd mutual tariff deadline, when Trump was called “liberation day” on Wednesday. The big question from investors heading towards the expected announcement is the degree to which Trump will impose taxes on trading partners and whether the move will lead to further escalation of the trade war. “There’s a lot to digest in the market,” Henrietta Treys, director of economic policy at Vedic Partners, told Yahoo Finance. “And they will see how positive and long-term these…
Investors have a positive view on the sale of the flagged family dollar business Dollar Tree (DLTR) and the mixed results of the fourth quarter depicting stressed consumers. Dollar Tree shares jumped 8% in early trading after discount retailers shared plans to sell family dollars to two private equity companies, Brigade Capital Management and Macellum Capital Management for $1 billion. Dollar Tree acquired the Family Dollar Brand in 2015 at a spectacular price of $9 billion after surpassing rival Dollar General (DG) to win the chain. “We strongly believe that selling family dollars and returning to our roots with our…
GameStop (GME) shares rose nearly 13% in pre-market trading on Wednesday as the company approved plans to buy Bitcoin (BTC-USD) in cash holdings. The video game operator said in a release Tuesday that the board “unanimously approved an update to its investment policy to add Bitcoin as a reserve asset to the Ministry of Treasury.” The announcement comes about a month after CNBC reported that Gamestop is investigating cryptocurrency investments. On February 8, a social media post from Gamestop CEO Ryan Cohen sparked speculation about Gamestop’s interest in Candocurrency. Cohen posted a photo to X along with Strategy (MSTR) CEO…
In a upcoming episode of the Opening Bid Podcast, Gary Cohn, the top economic adviser during Trump’s first term, suggested that Whips Market could use policy certainty. “Anyone who wants to understand what’s going on in the market will say… Markets thrive with predictability and thrive with uncertainty,” Korn, former director of the National Economic Council and current vice-chairman, told Yahoo Finance’s Brian Sozzi. “Ambiguity is the primary enemy of the market,” Korn continued. “When companies punish their stocks with revenue profiles, growth profiles, business models, when markets punish their stocks, politicians, legislators create ambiguity in the way taxes work,…
Tesla (TSLA) shares rose nearly 4% in pre-market trading on Monday, poised to kick the week with a positive note amid optimism about ease of US tariff plans. Over the weekend, President Trump reported that he would refrain from introducing tariffs in the automotive sector on April 2, as expected. Concerns about the impact of the new trade obligation on Tesla’s future outcomes have contributed to Wall Street’s recent revenue outlook. On Monday, the electric vehicle manufacturer responded to a suspend complaint in China for a fully automated driving test, saying it would release the feature once regulatory approval is…
President Trump announced Friday that he plans to move management of the federal student loan program to the Small Business Administration (SBA). “We have a very large portfolio. Lots of loans. Tens of thousands of loans. Quite complicated transactions. And that’s coming out of the Department of Education soon,” Trump said, and there are currently around 43 million Americans with student debt. Read more: Tips for quickly paying off student loans The president offered little details on how small business managers envision managing loan programs or what borrowers can expect in the next few weeks, but suggested the process would…
The Federal Reserve provided relief to the market on Wednesday as central banks continued to forecast two paths for interest rate cuts in 2025. However, the stock rallies on the day were not held on Thursday and Friday, reflecting a sense that the main issues plaguing the stock market last month have little changed. 22V investigative President Dennis Debschele told Yahoo Finance that the market is focusing on President Trump’s tariffs and possible mutual obligations through the Fed Conference. And understanding how any of these policy plans will affect the profits of businesses this year is “what the market is…
The recently dubbed “Lag Seven” players are again… behind. After a brief comeback on Wednesday when the Federal Reserve was resupplied, most of the major tech giants had lost steam by the second half of Thursday. Exceptions: Nvidia (NVDA) and Meta (Meta). Each rose 0.8% and 0.7% respectively, leaving less than 20 minutes to close the bell. Still, almost all of the “magnificent 7” stocks are about 20% off the 52-week high as risk-off sentiment continues with bigger policies and gives uncertainty. Tesla (TSLA) is over 50%. “Because this uncertainty could continue, I don’t think it’s time to take a…