Day: April 6, 2025
U.S. stocks bearing the brunt of trillions in market value losses around the globe
No matter where you look, there have been significant losses in global markets, but they have not been distributed evenly. The S & P 500 closed Friday with a market capitalization of $42.99 trillion, a two-day loss of $5.06 trillion or 10.5% compared to its market capitalization Wednesday night, when President Trump raised U.S. tariffs […]
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Commerce Secretary Lutnick doesn’t back down in face of market sell-off: ‘The tariffs are coming’
President Donald Trump holds an executive order about tariffs increase, flanked by U.S. Commerce Secretary Howard Lutnick, in the Oval Office of the White House in Washington, D.C., U.S., February 13, 2025. Kevin Lamarque | Reuters The Trump administration will remain steadfast in its reciprocal tariffs on major U.S. trading partners even in the face […]
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Dow futures fall 1,500 points Sunday as Trump tariff market rout escalates: Live updates
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 3, 2025. Brendan McDermid | Reuters U.S. stock futures dropped on Sunday evening as the White House remained defiant even after a two-day historic stock market rout that followed President Donald Trump’s rollout of shockingly high […]
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French fintech Pennylane doubles valuation to $2.2 billion as Alphabet’s venture capital arm takes stake
Seksan Mongkhonkhamsao | Moment | Getty Images French accounting software firm Pennylane has doubled its valuation to 2 billion euros ($2.16 billion) in a new 75 million euro funding round. Pennylane told CNBC that it raised the fresh funds from a host of venture funds, with Sequoia Capital leading the round and Alphabet’s CapitalG, Meritech […]
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Bitcoin drops Sunday evening as cryptocurrencies join global market rout
Jakub Porzycki | Nurphoto | Getty Images Bitcoin fell below the $79,000 level as investors braced for more financial market volatility after U.S. equites suffered their worst decline since 2020 on the rollout of President Donald Trump’s restrictive global tariffs. The price of bitcoin was last lower by 4% at $78,835.07, according to Coin Metrics, […]
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Billionaire investor Stanley Druckenmiller: ‘I do not support tariffs exceeding 10%’
Stanley Druckenmiller at CNBC’s Delivering Alpha on Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Stanley Druckenmiller made a rare post on the social media platform X on Sunday, reiterating his opposition to tariffs exceeding 10%. The founder of Duquesne Family Office has been consistent in opposition to the U.S. imposing tariffs above 10% […]
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TikTok reportedly stays on App Store after assurance from Attorney General Pam Bondi
In this photo illustration, the logo of TikTok is displayed on a smartphone screen on April 5, 2025 in Shanghai, China. Vcg | Visual China Group | Getty Images Apple will keep ByteDance-owned TikTok on its App Store for at least 75 more days after receiving assurances from Attorney General Pam Bondi, according to a […]
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How ‘White Lotus’ fans can get the best Thailand travel deals: ‘Price alerts are going to be more important than ever,’ one expert says
If the third season of “The White Lotus” has you thinking that it’s time to plan a vacation to Thailand, you’re not alone. The hit HBO series — which returned to TV screens in February — has created a surge of interest in the latest locale where its eponymous fictional hotel is set. “After the […]
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Market crash not part of Trump’s strategy, says top White House economic advisor
White House economic adviser Kevin Hassett stands next to U.S. President Donald Trump in the Oval Office of the White House in Washington, D.C., U.S., March 7, 2025. Leah Millis | Reuters A crashing stock market is not part of an intentional strategy by President Donald Trump, White House National Economic Council director Kevin Hassett […]
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For bitcoin bulls who self-custody crypto, the global risks are growing
Whether to buy cryptocurrency as a long-term holding may be the biggest decision an investor interested in digital assets has to make, but where to store crypto like bitcoin can become the most consequential. Following the wildfires earlier this year in California, social media posts began to appear with claims of bitcoin losses, with some […]
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