Trump’s trade policies have sent stocks tumbling over the past month, with investors fretting that the levies he’s pledged to impose will cause inflation to flare up and weigh on growth. The White House has branded April 2 “Liberation Day” because it’s when reciprocal tariffs are set to take effect,
President Trump’s auto tariffs are bad news for much of the auto industry—but not rental car companies. Shares of Hertz jumped 23% and Avis Budget 20% on Thursday, although both stocks gave back some gains Friday.
President Donald Trump’s pick to police Wall Street’s financial crimes plans to hang onto holdings in Apollo Global Management, American Express and a digital asset platform, according to documents released Friday by the Office of Government Ethics.
In part due to inflation, the Fed opted last week to maintain current interest rates, though it expects two rounds of cuts later this year. At its March meeting, Chairman Jerome Powell said the impact of tariffs would likely be “transitory” and the risk of a recession in his estimation is low.
Nvidia stock rose early Friday. Geopolitical concerns have weighed on the shares but Wall Street is backing the chip maker to roar back when the Trump administration provides more details about its chip-export policy.
Taiwan Semiconductor Manufacturing stock has suffered this year amid worries about potential tariffs on semiconductors and its hefty investment in the U.S.However, investors should be confident the chip manufacturer can thrive and will likely avoid being dragged into a rescue plan for Intel,
Global shares are mostly lower as investors mull the uncertainties brought by U.S. President Donald Trump’s latest tariffs
Carmakers’ declines extended in after-hours trading on the news of 25% tariffs on imported vehicles. The drop reflected concerns about inflation.
The U.S. import taxes are likely to disrupt the complex supply chains of major carmakers, hitting companies that export vehicles from Mexico, Canada, Japan, South Korea and Germany.