U.S. stocks fell for a third consecutive month in April as uncertainty about President Trump's tariff policies wreaked havoc on Wall Street. Here are five stocks worth keeping an eye on in May.
Markets Set for Shock From Disappearing Chinese Goods
(Bloomberg) -- Investors are in for a shock in the next few weeks as the slowing flow of goods from China underscores the risks tariffs bring to the US economy, the latest MLIV Pulse survey showed.Most Read from BloombergNJ Transit Urges Commuters to Work Remotely If Union StrikesNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNew York City Transit System Chips Away at Subway Fare EvasionNYC’s Congestion Toll Raised $159 Million in the First QuarterThe Last Thing US Transit Agenc
Bitcoin Could Soar by 2,426% Over the Next 5 Years, According to Cathie Wood of Ark Invest
Cathie Wood of Ark Invest recently revised upward her 2030 Bitcoin price forecast from $1.5 million to $2.4 million. The updated forecast reflects new thinking about Bitcoin's active coin supply. Institutional investment via the new spot Bitcoin ETFs is the single-largest driver of Bitcoin's valuation, and needs to be monitored regularly.
Mesh Adds Apple Pay to Let Shoppers Spend Crypto, Settle in Stablecoins
The feature aims to close the "last-mile" gap that has stalled mass crypto adoption in payments, co-founder and CEO Bam Azizi said.
Tariffs, oil prices and other uncertainties weighing down Mideast economies, IMF says
Countries across the Middle East and North Africa face significant challenges to economic growth as the region faces economic uncertainty due to tariff measures, lower-than-recent oil prices and cuts to financial aid, the International Monetary Fund said Wednesday. The IMF's regional outlook report for the MENA region said Brent crude oil prices — which are down from highs above $120 a barrel in 2022 — are likely to be $65 to $69 per barrel in 2025 and 2026, making energy-exporting economies vulnerable to market fluctuations. Tariff plans by the U.S. and other countries and geopolitical tensions also have created mounting economic uncertainty globally that is weighing down on the region's economies, which could negatively impact their growth by anywhere from 2% to 4.5%, said Jihad Azour, director for Middle East and Central Asia at the IMF.
Bitcoin Traders Eye Breakout to New Highs as Trump Says Tariff Deals Progressing
Markets have been generally range-bound in the past week, setting the course for what could be an explosive move higher, some say.
Dogecoin Unfazed as Elon Musk Rubbishes Report of His Exit From Tesla
Dogecoin (DOGE) prices were little-changed after reports of carmaker Tesla searching for a new CEO to replace technocrat Elon Musk, which the company later refuted. Musk is a known dogecoin backer whose comments, or developments at his companies, tend to impact the memecoin’s prices. Tesla board members reached out about a month ago to several executive search firms to replace Musk, sparked by his heavy involvement with the Trump administration, per WSJ.
US tariffs would take percentage point off Dutch economic growth, CPB says
AMSTERDAM (Reuters) -The sweeping trade tariffs announced by U.S. President Donald Trump would reduce economic growth in the Netherlands by a percentage point through 2026, Dutch economic policy adviser CPB said on Thursday. Growth would be 0.4 percentage points lower this year than earlier predicted, and 0.6 percentage points less in 2026, the CPB said. Investments would take the largest hit, the CPB said, due to the uncertainty about the global economic outlook.
Trump rips Biden for a weak stock market. He's deflecting the blame.
Two Business Insider editors go back and forth on Trump's claims that Biden is the reason for 2025 stock-market losses.
Asian shares rise in subdued holiday trading, as US futures jump
Asian shares advanced Thursday, with many markets in the region closed for Labor Day holidays, after U.S. stocks stormed back from steep early losses to a seventh straight day of gains. Uncertainty about what President Donald Trump’s trade war will do to the U.S. economy remains a key focus for investors. Earlier in the day, the Bank of Japan decided to keep its benchmark interest rate unchanged as worries mount over the impact of Trump’s policies.