Apple shares fell nearly 5% Tuesday after the Trump administration said it would enact a 104% tariff on Chinese goods.
Trump’s 'Liberation Day' tariffs cost U.S. govt $2B in Bitcoin
The value of the U.S. government's Bitcoin holdings has declined 12% from $17.24 billion to $15.21 billion since Trump's announcement of "reciprocal tariffs."
US Stocks Tumble Again With Tariffs Set to Roil Global Economy
(Bloomberg) -- Another volatile day on Wall Street pushed the S&P 500 Index back to the brink of a bear market as the Trump administration doubled down on its plans to enact hefty tariffs that threaten to send the American economy into a recession.Most Read from BloombergThe Irish Hot Press Is the Low-Tech Laundry Trick the World NeedsTrump Order on CDFI Fund Risks Aid for Small Businesses, HousingThis Skinny Mexico City Tower Is Just 14 Feet Wide on One SideIn Chicago, a Former Steel Mill Looks
McDonald's, Starbucks, and other US chains could face anti-American pushback, Wall Street fears
Store expansion and a comeback of the China market is the hope; tariff backlash could shutter that.
Another Stock Rally Stalls, Casting Doubt on a Quick Rebound from the Trump Tariff Rout
A broad stock market rally stalled on Tuesday as markets lost hope for immediate reprieves from sweeping tariffs announced last week.
Bitcoin Resilience Suggests Bullish Outlook as Dollar Weakens, Stagflation Looms — Grayscale
"The most bullish 8% drawdown I’ve ever seen," said Grayscale’s Zach Pandl on bitcoin’s performance since Liberation Day.
Benchmark diesel price up as pump number lags big fall in futures markets
The benchmark price of diesel used for most fuel surcharges rose even as futures markets were falling. The post Benchmark diesel price up as pump number lags big fall in futures markets appeared first on FreightWaves.
Bitcoin Rally Stalls, but Sliding Yuan Could Be Bullish Catalyst
Chinese goods will be subject to 104% additional tariffs beginning at midnight, the White House said.
DeFi Borrowing Demand Plunges as Crypto Traders Deleverage Amid Market Turmoil
The total value of borrowings on large DeFi platforms like Aave and Morpho has sharply dropped from the mid-December peak, as investors scrambled to reduce outstanding debt or got liquidated.
Fed's Daly sees time to tread slowly, carefully on policy
Though "a little concerned" that tariffs might lift inflation, at least temporarily, "with growth good and policy in a good place, we have built the time and the ability to just tread slowly and tread carefully," Daly said at Brigham Young University in Provo, Utah. Trump announced tariffs last Wednesday that would increase import levies around tenfold to more than 20%, the highest in a century, and global stocks swooned in the days that followed on fears that the escalating trade war would cause a recession.