Wall Street on Thursday: S&P, Nasdaq slip over 2% after yesterday’s historic rally

US equities fell sharply on Thursday, reversing part of the prior session’s explosive rally, as investors weighed President Donald Trump’s partial tariff pause against lingering concerns over China and the broader economic outlook. The Dow Jones Industrial Average dropped 629 points, or 1.6%, while the S&P 500 fell 2.1%. The Nasdaq Composite tumbled 2.9%, with… Continue reading Wall Street on Thursday: S&P, Nasdaq slip over 2% after yesterday’s historic rally

The great airlift: how Apple ferried 1.5M iPhones from India to the US to beat Trump tariffs

Apple has airlifted around 600 tonnes, or about 1.5 million iPhones, from India to the United States, chartering cargo flights in a race to beat newly imposed tariffs under President Donald Trump’s latest trade measures, Reuters reported, citing people familiar with the matter. The extraordinary logistical effort highlights the lengths to which the tech giant… Continue reading The great airlift: how Apple ferried 1.5M iPhones from India to the US to beat Trump tariffs

China responds to Donald Trump’s 104% tariffs with brokerage pledges, buyback plans

In a coordinated effort to shore up investor confidence, top Chinese brokerages have pledged to help stabilize domestic share prices, the Shanghai bourse announced. This pledge comes as scores of listed companies unveiled plans to buy back their own stock, a response to the escalating trade war that has sent shockwaves through the local market.… Continue reading China responds to Donald Trump’s 104% tariffs with brokerage pledges, buyback plans

Hedera price jumps 10% on rumored Nvidia AI integration

Earlier today, the Hedera price rose sharply following the speculation of a potential integration with Nvidia’s cutting-edge AI ecosystem, which has energized traders and market watchers alike. The market reaction was emphatic, with HBAR climbing approximately 10.3% within minutes amid a broader recovery in the cryptocurrency space after a recent market downturn following President Donald… Continue reading Hedera price jumps 10% on rumored Nvidia AI integration

Trade war could push S&P 500 down further to this level

US stocks are struggling to find a floor after President Trump announced retaliatory, or what some would call punitive, tariffs on dozens of countries on April 2nd. Financial markets from all over the world are reacting negatively to Trump’s tariffs as the related disruption to the global supply chain could lead to a broad-based recession. … Continue reading Trade war could push S&P 500 down further to this level

Dow and S&P 500 rebound on hopes of tariff deals; Broadcom shares jump, healthcare stocks post notable gains

Major equity benchmarks rebounded from the blood bath of the previous sessions as traders hoped the US would reach trade deals and lower duties. At the time of writing, the Dow Jones Industrial Average was higher by 836 points after falling over 1,000 points at one point on Monday. The S&P 500 index also gained… Continue reading Dow and S&P 500 rebound on hopes of tariff deals; Broadcom shares jump, healthcare stocks post notable gains

US confirms 104% tariffs on Chinese imports effective April 9: ‘Additional tariff will be collected starting tomorrow’

The US–China trade tensions took a major turn on Monday as the White House confirmed a sweeping 104% tariff on selected Chinese imports, escalating an already volatile standoff between the world’s two largest economies. According to Fox Business reporter Edward Lawrence, White House Press Secretary Karine Jean-Pierre announced that the Watch on Twitter View replies… Continue reading US confirms 104% tariffs on Chinese imports effective April 9: ‘Additional tariff will be collected starting tomorrow’

Trump’s beef backfires? Aussie exporters may actually win from trade war

US President Donald Trump raised eyebrows last week when he singled out Australian beef while announcing tariffs on a broad range of imports. “They won’t take any of our beef,” Trump said, referring to Australia’s long-standing restrictions on US beef imports due to concerns over mad cow disease. These restrictions have effectively halted almost all… Continue reading Trump’s beef backfires? Aussie exporters may actually win from trade war