US stocks fell on Friday after President Trump threatened Canada with a 35% tariff on its imports to the US and floated higher blanket levies. The S&P 500 (^GSPC) fell 0.4%, while the tech-heavy Nasdaq Composite (^IXIC) dropped 0.3% after the two indexes rose to eke out record highs on Thursday. The Dow Jones Industrial…
The maker of Nutella and Ferrero Rocher, Ferrero, is reportedly close to finalizing a deal to acquire WK Kellogg Co. (KLG) for a roughly $3 billion dollar price tag, per the WSJ. The stock soared in after-hours trading following the report, up over 50%. As of Wednesday’s market close, the company had a market cap…
The maker of Nutella and Ferrero Rocher, Ferrero, is reportedly close to finalizing a deal to acquire WK Kellogg Co. (KLG) for a roughly $3 billion dollar price tag, per the WSJ. The stock soared in after-hours trading following the report, up over 50%. As of Wednesday’s market close, the company had a market cap…
A slow summer for markets this is not. Traders entered Wednesday’s session digesting more President Trump tariff chaos that has sent copper prices ripping higher. This is in addition to fresh uncertainty on the future of the Federal Reserve. Some 10 minutes into the opening bell on Wall Street, however, investors shook it off to…
US stock futures wavered as President Trump ratcheted up trade tensions with US trade partners. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) held steady. Futures attached to the tech-heavy Nasdaq 100 (NQ=F) ticked up 0.1%. Stocks teetered lower on Tuesday as Trump spoke during a wide-ranging cabinet…
President Trump again said Jerome Powell should resign immediately, repeating a call he made last week, and noted that “it’s OK with me” if Congress investigates the Federal Reserve chairman. The comments came as the president took questions during a cabinet meeting in Washington on Tuesday, One reporter asked Trump about accusations made by some…
US stock futures fell as President Trump threatened stiff tariffs on imports from more than a dozen countries and delayed the return of sweeping April levies. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) fell 0.2%. Future attached to the tech-heavy Nasdaq 100 (NQ=F) slipped 0.1%. On Monday,…
President Trump’s massive new tax bill has a number of changes affecting homeowners. High earners who live in high-tax states are likely to get the biggest breaks. The reason? The new law bumps the cap on state and local tax deductions from $10,000 to $40,000. A boosted SALT cap will make it more advantageous for…
Tesla (TSLA) shares are getting run over right out of the gate post holiday weekend. The stock is down 7% pre-market as president Trump and Elon Musk return to public battle. The general vibe from those I have chatted with is that Musk creating his own political party is the last thing Tesla shareholders want…
Major US trading partners scrambled over the weekend to finalize trade deals or lobby for extra time as President Donald Trump said he’s notifying about a dozen countries on Monday of the new tariff level on their shipments to the US. “I signed some letters and they’ll go out on Monday – probably 12,” Trump…