Meta Platforms Inc
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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Trump’s tariffs are a ‘stagflationary shock’ that could keep hitting the market, says Apollo’s Slok
Negative impacts from President Donald Trump’s intensifying global trade war could include stagflation and an even more drastic drawdown in the stock market, according to Torsten Slok, Apollo Global Management’s chief economist. The widely-followed economist sees a dire situation emerging in the tariff chaos, leading him to conjure up a host of downside risks to […]
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Silicon Valley’s early return on Trump investment: Plunging valuations, delayed IPOs
The Nasdaq MarketSite in New York, June 9, 2023. Michael Nagle | Bloomberg | Getty Images Silicon Valley executives and financiers publicly opened their wallets in support of President Donald Trump’s 2024 presidential run. The early returns in 2025 aren’t great, to say the least. Following Trump’s sweeping tariff plan announced Wednesday, the Nasdaq suffered […]
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Tech megacaps lose $1.8 trillion in 2 days as Trump tariffs lead Nasdaq to worst weekly drop in 5 years
SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025. Win McNamee | Getty Images No one is getting hit harder than technology megacaps as markets hit selloff mode. Once powering the market to new highs, the group known as the Magnificent Seven […]
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The EU could hit Wall Street where it hurts with its tariff response — the tech giants
The entrance to one of the Google buildings in the ‘Silicon Docks’ area in central Dublin, Ireland, on Tuesday, Nov. 29, 2022. Bloomberg | Bloomberg | Getty Images The European Union says it is keeping all options open if it fails to negotiate its way out of U.S. President Donald Trump’s hefty 20% blanket tariffs […]
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Nvidia positioned to weather Trump tariffs, chip demand ‘off the charts,’ says Altimeter’s Gerstner
Altimeter Capital CEO Brad Gerstner said Thursday that he’s moving out of the “bomb shelter” with Nvidia and into a position of safety, expecting that the chipmaker is positioned to withstand President Donald Trump’s widespread tariffs. “The growth and the demand for GPUs is off the charts,” he told CNBC’s “Fast Money Halftime Report,” referring […]
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Tech stocks sink after Trump tariff rollout — Apple heads for worst drop in 5 years
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai, and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. president in the U.S. Capitol Rotunda in Washington, Jan. 20, 2025. Saul Loeb | Via Reuters Technology […]
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Apple leads drop in tech stocks after Trump tariff announcement
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai, and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. president in the U.S. Capitol Rotunda in Washington, Jan. 20, 2025. Saul Loeb | Via Reuters Apple […]
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UFC signs wide-ranging sponsorship deal with Meta, bringing Mark Zuckerberg closer to Dana White
UFC CEO Dana White, left, and Meta CEO Mark Zuckerberg attend the UFC 300 event at T-Mobile Arena in Las Vegas, Nevada, April 13, 2024. Jeff Bottari | Ufc | Getty Images TKO Group’s UFC has struck a multimillion-dollar, multiple-year partnership deal with Meta that will bring the mixed martial arts league closer to Mark […]
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Stocks making the biggest moves premarket: Tesla, Newsmax, nCino and more
Check out the companies making headlines before the bell. Tesla — The electric vehicle stock slipped 2.3% ahead of the expected release of its first-quarter delivery data. Shares are down 33.5% year to date. nCino — Shares tumbled around 33% after the cloud banking firm posted weak fourth-quarter earnings and guidance for the current quarter […]
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