Author: Trendytimes

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,…

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…

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…

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…

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…

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…

US bank stocks plummeted following a tariff announcement that President Trump cleans up on Thursday as concerns have been raised about how the biggest names in finance will be affected by the growing likelihood of a US recession. The index tracking the US banking industry (^BKX) fell by about 10% on Thursday. This is the worst day since the regional banking crisis struck the industry in March 2023. Individual stocks in the country’s largest banks also fell. JPMorgan Chase (JPM), Wells Fargo (WFC), Citigroup (C), Goldman Sachs (GS), Morgan Stanley (MS), and Bank of America (BAC) fell between 7% and…

Even the cash press, which is Amazon Prime, can’t blunt the blow to profits from President Trump’s new tariffs to Amazon (AMZN). Amazon could achieve annual operating profits of between $5 billion and $10 billion from higher first-party merchandise costs due to tariffs, Goldman Sachs technology analyst Eric Sheridan warned in a note Friday afternoon. Sheridan estimated that Amazon’s US product costs would rise by 15% to 20%, assuming there were no mitigation factors such as cost reductions or vendor negotiations. “We believe Amazon investors are (and will remain) focused on the potential financial impact of mutual tariffs announced by…

On Wednesday, Delta (DAL) and Walmart (WMT) believe that the long-term business will cut or withdraw forecasts as a result of tariff uncertainty. However, reducing guidance so that executive teams can buy their time to understand what constitutes business success under this new tariff regime is just one way businesses can use these events for cover. Another way is to finish off what started after the pandemic: downsizing. In 2022, a wave of layoffs blew the corporate world, particularly the high-tech industry, as businesses realized they were exaggerating during the pandemic boom. And this trend still focuses on today’s decision-making.…

A new theme from the whiplash that skyrocketed tariffs on Wall Street this week is whether they will diminish their role as a volatility in US Treasury and their desire for US assets and their role as a safe asset. The US Dollar Index (DX-Y.NYB), an important measure of the dollar’s strength against a basket of major currencies, has fallen below the 100 level since April 2022 to its weakest point. Meanwhile, the 10-year yield (^TNX) has surged to the highest level since February, trading at around 4.53%. When bond demand is low, yields rise. This week’s move was triggered…