Wall Street’s fear gauge is close to signaling a bear market, according to DataTrek Research. The CBOE Volatility Index topped the 29 level on Thursday in a sign the stock sell-off will continue unless volatility abates from here. Typically, a reading above 20 indicates elevated fear and uncertainty in the market, according to Nicholas Colas, the firm’s co-founder. “The CBOE Volatility (VIX) Index is on the verge of signaling an outright bear market in US stocks, implying further downside from even tonight’s post-tariff announcement levels,” said Colas in a note to clients. “All is not lost, but volatility needs to…
Author: usaeverydaylife
Check out the companies making headlines in midday trading. Lululemon – The athleisure company saw shares plunging more than 11% after President Donald Trump’s imposition of tariffs on countries where the firm imports a big portion of its products. In 2024, Lululemon sourced 40% of its products from Vietnam, which was hit by a 46% tariff by the administration. Almost 90% of Lululemon’s products are made in Vietnam, Cambodia, Sri Lanka, Indonesia and Bangladesh. Deckers Outdoor – Shares of the footwear company plunged more than 14% following Trump’s reciprocal tariffs rollout. The Ugg maker has 68 supply chain partners in…
Stocks could be heading into a bear market amid tariff chaos, and investors should wait for lower prices to add risk, according to Ritholtz Wealth Management CEO Josh Brown. “It’s a really tough time. It’s not a clearing event. And while opportunities are being created by stocks falling, there might be better opportunities later,” Brown said Thursday on CNBC’s ” Halftime Report .” “We are in a downtrend in a bear market. People need to behave accordingly.” Stocks plunged Thursday after President Donald Trump slapped big tariffs on countries across the world. Investors were caught off guard by the aggressive country-specific…
Jim Cramer at the NYSE, June 30, 2022.Virginia Sherwood | CNBCCNBC Jim Cramer said Thursday that long-term investors must steel themselves as the stock market tanks on President Donald Trump’s sweeping tariff announcement.During “Squawk on the Street,” Cramer said, “If you were OK in 2007 and 2008, it came back,” referring to the financial crisis and how the market did eventually recover.”It did take until 2013 to get the money back,” Cramer said, acknowledging that investors who need their money now, such as retirees or those nearing retirement, are “in limbo.””But don’t sell, just hold,” Cramer concluded. In fact, following…
Jaque Silva | Nurphoto | Getty ImagesYouTube on Thursday announced new video creation tools for Shorts, its short-form video feed that competes against TikTok. The features come at a time when TikTok, which is owned by Chinese company ByteDance, is at risk of an effective ban in the U.S. if it’s not sold to an American owner by April 5.Among the new tools is an updated video editor that allows creators to make precise adjustments and edits, a feature that automatically syncs video cuts to the beat of a song and AI stickers.The creator tools will become available later this spring,…
It’s time to check in with NFL executives for thoughts on the biggest and most interesting moves NFC teams made — or have not yet made — in free agency.The once-sleepy Chicago Bears might have won the offseason, drawing positive reviews. The Minnesota Vikings remain the most intriguing team as ownership tries to downplay uncertainty over the general manager’s future. The San Francisco 49ers cleared the decks for a possible Brock Purdy contract, while the Washington Commanders loaded up in the absence of an expensive QB. The New York Giants tipped their hand in the draft, while the Seattle Seahawks…
The sweeping tariffs that President Trump announced on Wednesday could hobble the use of giant batteries that energy companies are increasingly installing to help them tap more wind and solar power and make the broader electric grid more reliable.Over the past five years, grid batteries have become one of the biggest growth industries in the U.S. energy sector. In states like Texas and Arizona, companies have been installing stacks of lithium-ion cells the size of shipping containers. They can soak up excess wind and solar energy and save it for when it’s needed. In California, the use of batteries to…
Retailers that moved their supply chains to Vietnam from China in a bid to avoid a trade war between the U.S. and Beijing are now facing a heavy blow as President Donald Trump imposes a 46% tariff rate on Hanoi. Vietnam became a popular alternative for low-cost manufacturing in recent years as companies sought to minimize trade risk with China. Imports from Vietnam totaled $136.6 billion in 2024, reflecting a 19.3% increase from a year earlier, according to the Office of the U.S. Trade Representative . However, the new duties on imports from Vietnam could translate into higher costs for…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. Stocks plunged Thursday morning in response to President Donald Trump ‘s new round of tariffs on American trading partners. The various duty rates facing imports from countries including China, Vietnam, and Cambodia are much higher than anticipated. Jim Cramer and Director of Portfolio Analysis Jeff Marks both agreed that labeling these “reciprocal tariffs” doesn’t quite capture the situation, given the formula that was used to calculate the duty levels. Jeff pointed out that the…
Romain Costaseca | Afp | Getty ImagesAs crypto prices rallied to record highs last year, venture investors piled into new bitcoin-related startups.The number of pre-seed transactions in the market climbed 50% in 2024, according to a report published Thursday from Trammell Venture Partners. The data indicates that more entrepreneurs entered the bitcoin arena despite a cautious funding environment for the broader tech startup universe.Bitcoin more than doubled in value last year, while ethereum rose by more than 40%. Early in the year, the Securities and Exchange Commission approved exchange-traded funds that invest directly in bitcoin and then extended the rule…
