Shares of computer processor maker Intel (NASDAQ:INTC) fell 10.9% in the afternoon session after China imposed a 34% tariff on all U.S. imports amid escalating trade war tensions. This was especially rough for the US chipmakers because a big chunk of their business leans on demand out of China. The new tariffs not only threaten to erode profit margins but also risk reducing market share.
(Reuters) -The stock market plunge has more to do with the emergence this year of China's DeepSeek artificial intelligence tool than with President Donald Trump's policies, U.S. Treasury Secretary Scott Bessent said in an interview released on Friday that signaled little concern about the ongoing nosedive. "For everyone who thinks these market declines are all based on the President's economic policies, I can tell you that this market decline started with the Chinese AI announcement of DeepSeek," Bessent told conservative commentator Tucker Carlson. "If I were to analyze in my old hat, and this is the only time I'm going to talk about it ... what's happening with the market I'd say it's more a Mag 7 problem, not a MAGA problem," Bessent, who ran a hedge fund until being tapped as Treasury secretary by Trump, said.
Market chaos reigns supreme: tariffs, trucking authorities, and tender rejections spell uncertainty for the start of April. The post The Freight Market Is Slipping — And So Is the Confidence Behind It appeared first on FreightWaves.
The healthcare startup is considering putting its public market debut on pause, Business Insider has learned, as the markets sink on Trump's tariffs.
President Donald Trump's tariffs brought U.S. investment-grade bond issuance to a screeching halt this week, but market stress had already been apparent over the past month as jittery investors pushed back on pricing, some bankers said. Since Trump imposed sweeping tariffs on U.S. imports on Wednesday, no new bonds have been priced by investment-grade companies. The halt in offerings followed a period last month when, for the first time since the pandemic, companies struggled to issue bonds at the price they wanted, several bond syndicate bankers said.
An iPhone upgrade supercycle has been a topic of conversation in the tech community, but Trump's new tariffs present an obstacle for Apple.
Fintech firm Klarna has halted its planned initial public offering after President Donald Trump's sweeping tariffs announcement, according to a report.
'Resist the urge to shift out of stocks entirely.'
(Bloomberg) -- The Bank of Canada is expected to cut interest rates more deeply as US President Donald Trump’s tariff barrage sends world markets into a tailspin and data show the Canadian job market already taking damage.Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLocal Governments Vie for Fired Federal WorkersWhat Would ‘Transportation Abundance’ Look Like?London Clears Final Hurdle for M
DuPont shares tumbled Friday after a Chinese regulator said it was investigating the company's operations in the country.