Igor Golovniov | SOPA Images | Lightrocket | Getty ImagesAffirm shares have plunged nearly 30% over the past two trading days and are on track to close out their second-worst week on record, following President Donald Trump’s sweeping tariff announcement on Wednesday.Widespread tariffs could represent a particular problem for Affirm because the provider of buy now, pay later loans is reliant on consumer spending, and economists expect prices to rise on all sorts of goods. The news got worse on Friday when Affirm rival Klarna delayed its long-anticipated initial public offering due to market volatility.Klarna had planned to debut on…
Author: usaeverydaylife
President Trump said this week that Iranian-backed Houthi militants in Yemen have been “decimated by the relentless strikes” that he ordered beginning on March 15.But that’s not what Pentagon and military officials are privately telling Congress and allied countries.In closed briefings in recent days, Pentagon officials have acknowledged that there has been only limited success in destroying the Houthis’ vast, largely underground arsenal of missiles, drones and launchers, according to congressional aides and allies.The officials briefed on confidential damage assessments say the bombing is consistently heavier than strikes conducted by the Biden administration, and much bigger than what the Defense…
(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) The 4,850 level is a key reference point for the S & P 500 Index , which is about 5% from here. The market’s peak in 2021 following its post-Covid surge was 4,850. Our work continues to suggest that the market is headed down to the 2021 peak. The 4,850 level is also a key reference point in terms of where the market’s 5-year uptrend line comes into play — the uptrend line in effect since the 2020 Covid low. Our work continues to suggest that the market is headed down…
The ‘Fast Money’ traders react to tariff turmoil as markets nosedive. Source link
Two Wall Street firms slashed their year-end targets for the S & P 500 , the latest sign of mounting uncertainty among market strategists this week after President Donald Trump’s tariff rollout torpedoed stocks. Lori Calvasina, RBC’s head of U.S. equity strategy, chopped her S & P 500 target by more than 10%, to 5,550 from 6,200. The new projection suggests a decline of more than 5% from where the index ended 2024. Her new target is a low on Wall Street, according to CNBC Pro’s survey of sell-side market strategists. For now, the consensus S & P 500 target…
The seal of the US Department of Justice in Washington, DC on March 21, 2024. Mandel Ngan | Afp | Getty ImagesA New York federal judge on Friday ordered the jailing of convicted drug dealer and predatory lender Jonathan Braun, whose 10-year prison sentence was commuted in 2021 by President Donald Trump, after a string of arrests over the past seven months.Braun was arrested last weekend on Long Island on state charges of assaulting an acquaintance and that man’s three-year-old child, The New York Times revealed Tuesday.Before that, he was arrested four other times on state charges, including for allegedly assaulting…
President Trump’s new tariffs on goods that the U.S. imports from over 100 countries will have an effect on consumers, former Microsoft CEO Steve Ballmer told CNBC on Friday. Investors will feel the pain, too.Microsoft’s stock dropped almost 6% in the past two days, as the Nasdaq wrapped up its worst week in five years.”As a Microsoft shareholder, this kind of thing is not good,” Ballmer said, in an interview with Andrew Ross Sorkin that was tied to Microsoft’s 50th anniversary celebration. “It creates opportunity to be a serious, long-term player.” Ballmer was sandwiched in between Microsoft co-founder Bill Gates…
The Athletic has live coverage of Texas vs. South Carolina and UCLA vs. UConn in the 2025 Women’s Final Four.TAMPA, Fla. — As college basketball fans prepare for the chalkiest semifinals in NCAA basketball history, a question hangs over the men’s Final Four in San Antonio, Texas, and the women’s Final Four at Amalie Arena.Have the transfer portal and name, image and likeness compensation killed Cinderella?Our answer: Probably not. Chalk isn’t permanent marker.The concern is justified after both tournaments featured few shocking losses. The lack of parity was most pronounced on the men’s side, where all four semifinalists (Auburn, Duke,…
At Microsoft’s 50th anniversary celebration on Friday, a software engineer in the company’s artificial intelligence division interrupted the event with a message: Stop allowing the Israeli military to use Microsoft’s AI products.At the time, Microsoft AI CEO Mustafa Suleyman was delivering a speech.”Mustafa, shame on you,” the employee, Ibtihal Aboussad, said as she walked towards the stage at the event in Redmond, Washington. “You claim that you care for using AI for good, but Microsoft sells AI weapons to the Israeli military. Fifty thousand people have died, and Microsoft powers this genocide in our region.”Suleyman responded, acknowledging the protester.Aboussad continued,…
Traders work on the floor of the New York Stock Exchange on April 4, 2025.Spencer Platt | Getty Images News | Getty ImagesThe iShares MSCI Emerging Markets ETF fell on Friday to its biggest drop since March 2020, as President Donald Trump’s retaliatory tariffs raised fears of a global trade war and recession.The fund closed 5.56% lower, and ended the week down 7.29%. Year to date, it is now down nearly 3%.Stock Chart IconStock chart iconEM ETF on FridayMany emerging market economies are key members of global supply chains and rely heavily upon exports for economic output, and they face…
