Traders work on the floor of the New York Stock Exchange during morning trading on April 01, 2025 in New York City. Michael M. Santiago | Getty ImagesStock futures moved higher on Tuesday evening as Wall Street braces for the expected rollout of President Donald Trump’s tariffs on Wednesday.Futures tied to the S&P 500 rose 0.3%, while Nasdaq-100 futures advanced 0.4%. Futures tied to the Dow Jones Industrial Average also gained 111 points, or about 0.3%The moves come ahead of the implementation of a raft of Trump’s “reciprocal tariffs” that will “start with all countries.” The White House revealed Tuesday that…
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The Hims app arranged on a smartphone in New York on Feb. 12, 2025.Gabby Jones | Bloomberg | Getty ImagesHims & Hers Health shares closed up 5% on Tuesday after the company announced patients can access Eli Lilly’s weight loss medication Zepbound and diabetes drug Mounjaro, as well as the generic injection liraglutide, through its platform.Zepbound, Mounjaro and liraglutide are part of the class of weight loss medications called GLP-1s, which have exploded in popularity in recent years. Hims & Hers launched a weight loss program in late 2023, but its GLP-1 offerings have evolved as the company has contended…
President Donald Trump speaks before signing executive orders in the Oval Office on March 6, 2025.Alex Wong | Getty ImagesPresident Donald Trump says that tariffs will make the U.S. “rich.” But those riches will likely be far less than the White House expects, economists said.The ultimate sum could have big ramifications for the U.S. economy, the nation’s debt and legislative negotiations over a tax-cut package, economists said.White House trade adviser Peter Navarro on Sunday estimated tariffs would raise about $600 billion a year and $6 trillion over a decade. Auto tariffs would add another $100 billion a year, he said…
With President Donald Trump’s key tariff announcement looming, Morgan Stanley has ideas for how investors can better position their portfolios. Trump is expected to make major announcements related to trade policy on Wednesday. While the policy has not been officially unveiled as of Tuesday afternoon, the Washington Post reported that the president is considering a roughly 20% tariff on most imports. Uncertainty around the levies has sent markets into a tailspin. The S & P 500 dropped 4.6% in the first three months of 2025, marking its worst quarterly performance since 2022. Given this environment, Morgan Stanley screened for names…
Katie Stockton, Fairlead Strategies founder, talks what to expect from tech in Q2. Source link
Throughout March, President Donald Trump enacted a number of tariffs, including a 20% blanket tariff on imports from China, a 25% levy on goods from Canada and Mexico that the Trump administration says are not compliant with the United States-Mexico-Canada Agreement, and a 25% tariff on all imported aluminum and steel.Another round of tariffs with to-be-announced rates are expected to go into effect on April 2, and on March 30, Trump said those could include “all countries.” In recent weeks, though, the President has delayed some proposed tariffs or suggested he would be “flexible” on enforcement in certain cases.Tariffs can…
Jeremy Allaire, Co-Founder and CEO, Circle David A. Grogan | CNBCCircle, the company behind the USDC stablecoin, has filed for an initial public offering with the U.S. Securities and Exchange Commission.The S1 lays the groundwork for Circle’s long-anticipated entry into the public markets.While the filing does not yet disclose the number of shares or a price range, sources told Fortune that Circle plans to move forward with a public filing in late April and is targeting a market debut as early as June.JPMorgan Chase and Citi are reportedly serving as lead underwriters, and the company is seeking a valuation between $4…
It is Feb. 26, and “The Pat McAfee Show” is filming in Indianapolis the week of the NFL Scouting Combine. McAfee sits behind a desk. Before him is an arc of chairs, occupied by a few of what he describes as his “stooges” and a featured guest: Adam Schefter, ESPN’s NFL insider.Schefter’s presence and the 2025 NFL Scouting Combine logo behind the chairs seemingly portend the day’s subject matter. However, McAfee has a different topic on his mind.He teases the subject, asking Schefter: “Have you heard about Ole Miss?” One of his cohorts says, “There is a ménage à trois…
Charlotte Webb, who as a young woman helped code breakers decipher enemy signals at Britain’s top-secret Bletchley Park, died on Monday. She was 101.Her death was confirmed by the Women’s Royal Army Corps Association and by the Bletchley Park Trust.Ms. Webb, known as Betty, was 18 when she joined the Auxiliary Territorial Service, the women’s branch of the British Army, and was assigned to work at the base in Buckinghamshire where Bletchley Park was located. From 1941 to 1945, she helped in the decryption of German messages, and also worked on Japanese signals.In 2015, Ms. Webb was appointed as Member…
Investors seeking a portfolio hedge against ongoing tariff volatility should look no further than Alibaba, according to Joule Financial’s Quint Tatro. The firm’s founder and president joined CNBC’s ” Power Lunch ” on Tuesday to share his thoughts on the Chinese e-commerce giant, alongside a pair of other market movers. Here’s what he had to say. Alibaba Shares of Alibaba have surged more than 56% this year. Still, this recent rally doesn’t deter Tatro, who highlighted the name as a buy for its tariff-proof attributes. “Despite the runup that we’ve seen in Alibaba of late, we’re still a buyer here,…
