Savers pulled vast sums of 401(k) money from stocks and shifted to more conservative investments, in response to the tariff-induced market turmoil. But that's not necessarily a good strategy.
Hundreds of Indonesians are flocking to buy gold bars, betting that the precious metal's value could shield them from tougher economic times ahead as the currency and the stock market tumble in South East Asia's largest economy. Indonesia is among dozens of countries affected by U.S. President Donald Trump's tariffs, which took effect on Wednesday and have sent shockwaves through many economies. The rupiah has already hit historic lows, despite central bank intervention.
News of the day for April 9, 2025
Life sciences company Neogen (NASDAQ:NEOG) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 3.4% year on year to $221 million. The company’s full-year revenue guidance of $895 million at the midpoint came in 1.7% below analysts’ estimates. Its non-GAAP profit of $0.10 per share was 13% below analysts’ consensus estimates.
Packaged food company Simply Good Foods (NASDAQ:SMPL) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 15.2% year on year to $359.7 million. Its non-GAAP profit of $0.46 per share was 14.7% above analysts’ consensus estimates.
Global stocks are in turmoil and bond yields are spiking after President Donald Trump's "Liberation Day" tariffs went into effect, with Chinese imports facing a 104% levy.
Delta Air Lines shares jumped Wednesday morning after the carrier's fiscal first-quarter results came in better than analysts had expected.
(Bloomberg) -- Traders are looking for a US stock-market bottom after the biggest four-day rout in five years, but key technical indicators suggest more pain is ahead.Stocks are the most oversold since the depths of the pandemic, conditions that briefly lifted the S&P 500 Index by as much as 4% higher Tuesday. But the US equity benchmark erased its gains to end the session 1.6% lower at about 4,983 — teetering on the brink of a bear market — amid mounting trade tensions between the US and China.
Individual investors have been working the phones for advice in the wake of U.S. President Donald Trump's sweeping tariff announcements which have sparked fears of a recession. Among the most nervous are those approaching retirement, as the market slide wreaks havoc with portfolios. Still, despite the trillions of dollars wiped off stock market values, most have been riding it out rather than ditching everything and moving to cash, financial advisers said.
Looking for the best money market account interest rates available today? Here’s a look at where to find the highest rates and whether now is a good time to open a money market account.