Day: April 5, 2025
U.S. starts collecting Trump’s new 10% tariff, smashing global trade norms
Containers are pictured at an industrial port in Tokyo, Japan April 2, 2025. REUTERS/Kim Kyung-Hoon Kim Kyung-hoon | Reuters U.S. customs agents began collecting President Donald Trump’s unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week. The initial […]
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Protesters tee off against Trump and Musk in “Hands Off!” rallies across the U.S.
Opponents of President Donald Trump and billionaire Elon Musk rallied across the U.S. on Saturday to protest the administration’s actions on government downsizing, the economy, human rights and other issues. More than 1,200 “Hands Off!” demonstrations were planned by more than 150 groups, including civil rights organizations, labor unions, LBGTQ+ advocates, veterans and elections activists. The protest sites included the National […]
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Economists take issue with Trump’s tariff formula, arguing rate is inflated
The formula at the core of President Donald Trump’s tariff announcement that continues to rattle markets is bewildering economists, who say it is based on flawed assumptions. Economists argue that Trump’s formula relies on a flawed, underestimation of a key metric, resulting in inflated tariff rates for countries. According to the Office of the United […]
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Trump administration argues judge can’t order return of man mistakenly deported to El Salvador
Salvadoran police officers escort alleged members of the Venezuelan gang Tren de Aragua recently deported by the U.S. government to be imprisoned in the Terrorism Confinement Center (CECOT) prison, as part of an agreement with the Salvadoran government, in Tecoluca, El Salvador, in this handout image obtained March 16, 2025. Secretaria de Prensa de la […]
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Trump tariffs live updates: Eli Lilly CEO says tariffs endanger R&D; automakers seek ‘opportunity in the chaos’
Trump claims China has been “hit much harder” in tariff war U.S. President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., on April 2, 2025. Leah Millis | Reuters President Donald Trump on Saturday claimed that China has been “hit much harder than the USA, not […]
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Here’s why ‘dead’ investors outperform the living
Key Points The average investor would have better investment results by doing nothing. Investors often have bad habits that cause them to buy high and sell low. Buying and holding investments like all-in-one funds that automate tasks like rebalancing is a good bet for investors, experts said. Source
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How Trump’s tariffs rollout turned into stock market mayhem
Traders work on the floor at the New York Stock Exchange in New York City, U.S., April 4, 2025. Brendan McDermid | Reuters Before Wednesday, President Donald Trump’s tariffs were expected to be a problem for markets and the economy, but a manageable one. So much for that idea. What happened instead is something worse […]
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If tariffs encourage companies to return to the U.S., these companies will benefit
Stocks have fallen sharply in the aftermath of President Donald Trump ‘s tariffs, but there are some names that may ultimately benefit as companies return operations to the United States, according to two financial firms. Trump vowed to bring factories and jobs back to the country when he signed a sweeping tariff policy on Wednesday. […]
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Zuckerberg, Bezos and Musk each lose more than $23 billion after Trump tariffs spark market meltdown
As President Donald Trump’s “reciprocal” tariffs announcement sent shockwaves across Wall Street, the world’s richest people lost billions of dollars in net worth almost overnight. On Wednesday, Trump announced a baseline 10% tariff for imported goods from all countries set to take effect on April 5, and “individualized” tariffs as high as 50% on a […]
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These oversold stocks could lead the way if the market finds a way to rebound
The stocks that investors shied away from the most this week could be poised to rebound if the market makes a comeback. Stocks have taken a severe beating, with many investors selling positions after President Donald Trump unveiled his latest tariff policies late Wednesday. All three major averages closed in the red this week, with […]
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