Stock Market Today: Dow, Nasdaq Creep Higher; China, EU Retaliate Against Trump Tariffs – Live Updates
Trump’s new tariffs took effect at midnight. A selloff of U.S. treasuries is underway. China levies 84% tariff on U.S. goods. Follow along to see how the Dow, S&P 500 and Nasdaq are reacting to an escalation in the trade war.
The Wall Street Journal (www.wsj.com)
• Published 4 months ago
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Dow Jones Today: Stocks Rise as High Volatility Persists Amid Tariff Uncertainty; Apple, Nvidia, Tesla Lead Tech Rally
Stocks skyrocketed Wednesday after President Donald Trump said the U.S. would pause wide-ranging "reciprocal" tariffs that had been imposed hours earlier.
Investopedia (www.investopedia.com)
• Published 4 months ago
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Trump Tariffs: Billionaires React To Global Stock Selloff—Including Elon Musk, Jamie Dimon, Bill Ackman
Even longtime Trump supporters are opposing the president’s tariffs as they roil the stock market.
Forbes (www.forbes.com)
• Published 4 months ago
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China Has Readied a Trade-War Arsenal That Takes Aim at U.S. Companies
The Wall Street Journal (www.wsj.com)
• Published 4 months ago
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Walmart sees an opportunity in Trump’s trade war
Walmart, the largest retailer in the world, pulled its financial guidance for the quarter because of uncertainty over the impact of sweeping tariffs on China, Vietnam and other global sources of goods.
CNN (www.cnn.com)
• Published 3 months ago
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Microsoft mulls more job cuts, this time focused on managers and non-coders, not just low-performers, sources say
Inside Microsoft, some leaders eye "span of control," or the number of staff who report to each manager. They want more coders versus non-coders, too.
Business Insider (www.businessinsider.com)
• Published 4 months ago
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Universal is building a UK theme park
Universal is planning a new theme park and resort in the United Kingdom, set to be constructed in Bedford and open sometime in 2031.
The Verge (www.theverge.com)
• Published 4 months ago
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Trump's trade war has taken a $700 billion bite out of Apple as people wake up to the reality of how expensive an iPhone will be under the new tariffs
Apple produces around 90% of its iPhones in China, according to Wedbush Securities analysts.
Fortune (fortune.com)
• Published 4 months ago
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Ironwood is Google’s newest AI accelerator chip
During its Cloud Next conference this week, Google unveiled the latest generation of its TPU AI accelerator chip.
TechCrunch (techcrunch.com)
• Published 4 months ago
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JPMorgan's Jamie Dimon warns of recession, expects defaults as trade war worsens
His comments put a headline on the market's broad fears.
Axios (www.axios.com)
• Published 4 months ago
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Dow Jones, S&P 500 Pharma Names Slammed As New Trump Tariffs Target Drug Imports
Big pharmaceutical names plowed lower Wednesday after Trump on Tuesday said that tariffs would take aim at drug imports.
Investor's Business Daily (www.investors.com)
• Published 4 months ago
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Delta Pulls Outlook as Trump’s Trade War Squeezes Air Travel
Delta Air Lines Inc. withdrew its full-year financial guidance due to uncertainty surrounding global trade, a stark sign of the turmoil rippling across corporate America from President Donald Trump’s tariffs.
Bloomberg (www.bloomberg.com)
• Published 4 months ago
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Steve Moore: ‘I’m going to side … with Musk’ in Navarro spat
Steve Moore, President Trump’s former senior economic adviser, backed tech billionaire Elon Musk’s position in his public spat with White House trade adviser Peter Navarro. “I’m going to side, on this one, with Elon Musk,” Moore said Tuesday on CNN. “I mean, …
The Hill (thehill.com)
• Published 4 months ago
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U.S. Treasury Bonds Sell Off as 30-Year Yield Rises Most Since 1982
Barron's (www.barrons.com)
• Published 4 months ago
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Walmart stands by its annual financial outlook but pulls back its 1Q view amid tariff uncertainty
Walmart, the nation’s largest retailer, is standing behind its full-year sales and operating income outlook even as President Donald Trump escalates his tariff wars with China and other countries that have brought economic uncertainty
ABC News (abcnews.go.com)
• Published 4 months ago
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Here's how China could crush the U.S. housing market
China is one of largest owners of U.S. mortgages. There is growing concern that in retaliation for tariffs the country could sell them, causing rates to rise.
CNBC (www.cnbc.com)
• Published 4 months ago
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Trump administration backs off Nvidia's 'H20' chip crackdown after Mar-a-Lago dinner
The White House was expected to ban sales of the high-performance AI chip to China. Chinese companies had been stockpiling the chip but now the Trump administration is backing off.
NPR (www.npr.org)
• Published 4 months ago
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Exclusive: Fed's Barkin says tariff price hikes could start by June
Richmond Fed president Tom Barkin described an uncertainty among businesses likely to slow activity.
Axios (www.axios.com)
• Published 4 months ago
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S&P 500 ticks higher even as trade tensions worsen: Live updates
Stocks seesawed Wednesday as traders looked for a market bottom after days of volatility, despite retaliatory tariffs from China and the European Union.
CNBC (www.cnbc.com)
• Published 4 months ago
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China Drives Record Gold ETF Inflows as Trade War Deepens
Chinese investors funneled a record amount of cash into gold-backed exchange-traded funds last week, drawn by the safety of the asset as combative trade war rhetoric from the world’s biggest economies shakes global markets.
Bloomberg (www.bloomberg.com)
• Published 4 months ago
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