U.S. stock futures saw an uptick Tuesday night following President Donald Trump‘s statement that he has “no intention” of dismissing Federal Reserve Chair Jerome Powell. For the day, the Dow Jones Industrial Average ended 2.7% higher at 39,186.98, while the S&P 500 rose 2.5% to 5,287.76 and the tech-heavy Nasdaq ended Tuesday higher by 2.7% to 16,300.42….
Amid escalating trade tensions between the U.S. and China, tech bull Dan Ives thinks the time is “ticking” for trade deals as Wall Street reels from the aftermath of a tug-of-war between the world’s top two economies. What Happened: Nvidia Corp. NVDA finds itself at the center of a geopolitical tug-of-war. The U.S. has imposed new…
Despite growing concerns about renewed trade tensions between Washington and Beijing, one analyst says the drama may be more performative than policy-driven. What Happened: Marko Papic, chief strategist at BCA Research, downplayed the long-term impact of escalating U.S.-China tariff rhetoric, suggesting that the latest threats may be largely symbolic and unlikely to result in sustained…
Renowned economist Nouriel Roubini, nicknamed “Dr. Doom” for his pessimistic but often accurate predictions, warned Monday that financial markets are mistaken about the Federal Reserve’s willingness to step in amid escalating trade tensions. What Happened: “Markets have been delusional that Powell put strike price is above Trump’s put strike price. It is NOT!” Roubini wrote…
The stock market rally on Monday was reportedly driven by investor optimism for a new approach to tariffs, according to CNBC’s Jim Cramer. What Happened: Cramer attributed the market rebound to the potential for a more transparent future in global trade. He suggested that the crucial element was the prospect of a plan that would…
Danny Moses, renowned for his accurate prediction of the 2008 financial crisis, has voiced concerns over the economic impact of recent federal job cuts. What Happened: The founder of Moses Ventures cautioned that the market has not fully considered the economic repercussions of the job cuts initiated by the Department of Government Efficiency (DOGE), a…
President Donald Trump has publicly praised Amazon AMZN founder and owner of The Washington Post, Jeff Bezos, for the significant changes he has implemented at the newspaper. What Happened: President Trump, during an interview with television journalist Sharyl Attkisson, expressed his appreciation for Bezos’ efforts to improve The Washington Post. “I think a guy like Bezos is — I’ve gotten to know…
The world’s top tech billionaires saw their fortunes plummet on Monday as markets tumbled, with the Magnificent Seven tech giants shedding approximately $780 billion in market capitalization during a single trading session. What Happened: According to the Bloomberg Billionaires Index, Tesla Inc. TSLA CEO Elon Musk led the losses, with his net worth dropping from…
The S&P 500 and Nasdaq both slipped into the red, reversing early gains on Thursday, while the Dow Jones remained in positive territory in midday trading. NVIDIA Corp. NVDA led the tech sector lower after the company posted its smallest revenue beat in years on Wednesday. Wall Street digested a slew of new economic data…
Billionaire hedge fund manager Paul Tudor Jones voiced his apprehensions about the stability of financial markets during President Donald Trump‘s second term. What Happened: During an interview with CNBC earlier this month, Jones explained that the current financial environment is vastly different from when Trump initially assumed office in 2017. He observed significant changes in the fixed…