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WTH? Bessent tries to blame market sell-off on DeepSeek versus Trump’s tariffs
Investing.com -- In an astonishing interview, U.S. Treasury Secretary Scott Bessent blamed the stock market plunge on China's DeepSeek versus President Trump's tariffs."For everyone who thinks these mInvesting.com
Fri, Apr 4
DIARY-Federal Reserve Events
***Denotes a new entry. -------------------------------------------------------- Federal Open Market Committee (FOMC) MEETING DATES: 2025May 6-7 (second day: statement released 1400 EDT/1800 GMT; news conference expected 1430 EDT/1830 GMT)June 17-18 (second day: statement released 1400 EDT/1800 ...Reuters
Fri, Apr 4
Treasury's Bessent: Market drop a 'Mag 7' problem, not a MAGA one, he says in Tucker Carlson interview
Bessent interview released as market selloff intensifiesStocks have lost 10% in two daysBessent pins selloff to emergence of China's DeepSeek AI toolTreasury secretary says Trump administration retains strong-dollar policyBy Costas Pitas, Brendan O'Brien April 4 (Reuters) - The stock mark...Reuters
Fri, Apr 4
Nasdaq confirms it is in bear market, ending more than 20% below record close
April 4 (Reuters) - The tech-heavy Nasdaq Composite index .IXIC confirmed on Friday that it is in a bear market, as it has fallen 22.7% from its Dec. 16 record close, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global e...Reuters
Fri, Apr 4
Hedge funds, ETFs dump over $40 billion in stocks after Trump tariff shock
By Carolina Mandl and Saqib Iqbal Ahmed NEW YORK, April 4 (Reuters) - Global hedge funds and levered exchange-traded funds (ETFs) dumped more than $40 billion of stocks at a breakneck pace, growing increasingly bearish after President Donald Trump's shock announcement of harsher-t...Reuters
Fri, Apr 4
Why Sea Stock Plummeted Today
Shares of Sea Limited (NYSE: SE), the leading e-commerce powerhouse in Southeast Asia, were down 11% as of 3:30 p.m. ET on Friday, according to data provided by S&P Global Market Intelligence.In total this week, Sea's shares have slid 16% as volatility hit the markets after the United States announc...The Motley Fool
Fri, Apr 4
Why Ibotta Stock Soared in March 2025
Shares of mobile cash-back shopping service provider Ibotta (NYSE: IBTA) rose 26.4% in March, according to data from S&P Global Market Intelligence. The stock entered March on a low note, following a disappointing earnings report at the end of February. From there, Ibotta proved to be resilient agai...The Motley Fool
Fri, Apr 4
LIVE MARKETS-US stocks suffer worst week since the pandemic panic
Main US indexes plunge; losses approach 6% on the dayAll S&P 500 sectors red; Energy, off 8.7%, weakest groupDollar up ~1%; bitcoin up ~2%; gold off >2%; crude slides >6%US 10-Year Treasury yield falls to ~4.01%Welcome to the home for real-time coverage of markets brought to you by Reuters...Reuters
Fri, Apr 4
China Pharma Holdings Inc. Announces 1-for-10 Reverse Stock Split
HAIKOU, China, April 5, 2025 /PRNewswire/ -- China Pharma Holdings Inc. ("China Pharma" or the "Company") (NYSE American: CPHI) reported that it expects to implement a 1-for-10 reverse stock split on its common stock effective Tuesday, April 15, 2025, with trading ...PR Newswire
Fri, Apr 4
US STOCKS-Trump tariff tailspin worsens, Nasdaq ends in bear market
Second day of chaotic sell-off since Trump tariff announcementGlobal recession fears grow as retaliation beginsFed Chair Powell warns of tariff impact on inflation By David French April 4 (Reuters) - Wall Street nosedived for a second straight day on Friday, with the Nasdaq Composite confirmi...Reuters
Fri, Apr 4
Why Apparel and Shoe Companies Deckers Outdoor, Gap, and Abercrombie & Fitch Rallied Today, Even as the Broader Markets Plunged Again
Shares of several apparel retailers, such as Deckers Outdoor (NYSE: DECK), Gap (NYSE: GAP), and Abercrombie & Fitch (NYSE: ANF), rallied big on Friday, up 4.3%, 6.3%, and 3%, respectively, as of 2:37 p.m. ET, even as the broader markets plunged for the second day in a row. By contrast, the S&P 500 i...The Motley Fool
Fri, Apr 4
Signs of market stress worsening by the hour, Citi analysts say
NEW YORK, April 4 (Reuters) - Signs of market stress were worsening on Friday during a sharp stock selloff caused by trade war concerns after the announcement of sweeping U.S. tariffs, Citi analysts said in a note. "Our scorecard of stress in markets is looking worse by the hour," they said....Reuters
Fri, Apr 4
Treasury bond ETFs rise as investors search for safety
** Shares of exchange-traded funds tracking U.S. Treasuries rise as escalating trade war sends yields tumbling US/ ** U.S. Treasury yields, which move inversely to prices, fall as investors flee to safe-haven assets after China announces tariffs of 34% on U.S. goods ** iShares 20+ Year Treasury Bond...Reuters
Fri, Apr 4
Why BlackBerry Stock Crashed This Week
Shares of BlackBerry (NYSE: BB) fell off a cliff this week. The company's stock lost 24.2% for the week as of 2:40 p.m. ET and was down as much as 28.6% earlier in the week. The steep decline came as the S&P 500 (SNPINDEX: ^GSPC) lost a whopping 8.8%.The Canadian tech company reported quarterly resu...The Motley Fool
Fri, Apr 4
Why Coupang Stock Plummeted Today
Shares of leading South Korean e-commerce juggernaut Coupang (NYSE: CPNG) were down 7% as of 2:30 p.m. ET on Friday, according to data provided by S&P Global Market Intelligence.While there was no direct news tied to the company, the drop comes from worries about President Yoon Suk Yeol's ouster in ...The Motley Fool
Fri, Apr 4
Bayer renews bid for US Supreme Court to curb glyphosate cases
By Ludwig Burger and Brendan Pierson April 4 (Reuters) - Bayer BAYGn.DE said on Friday it was again petitioning the U.S. Supreme Court to sharply limit legal claims that its Roundup weedkiller causes cancer, seeking to avoid potentially billions of dollars in damages.Bayer said in its petition th...Reuters
Fri, Apr 4
GLOBAL MARKETS-Stocks extend recent selloff, oil drops as China hits back after Trump tariffs
Stocks add to global selloff after China retaliatesTraders ramp up bets on Fed, BoE, ECB rate cuts Live coverage of the latest developments on tariffsBy Caroline Valetkevitch NEW YORK, April 4 (Reuters) - Global stock markets and oil prices tumbled again on Friday as China struck back agai...Reuters
Fri, Apr 4
Why Palantir Stock Is Plummeting Today
Shares of Palantir (NASDAQ: PLTR) fell on Friday. The company's stock had lost 10.6% as of 2:30 p.m. ET and as much as 14% earlier in the day. The drop comes as the S&P 500 and the Nasdaq Composite both fell by more than 5%.The artificial intelligence (AI) software provider's stock is facing pressur...The Motley Fool
Fri, Apr 4
Treasury's Bessent: Market drop a "Mag 7" problem, not a MAGA one - Tucker Carlson interview
April 4 (Reuters) - The stock market plunge has more to do with the surprise emergence of China's DeepSeek artificial intelligence tool earlier this year than it does with President Donald Trump's policies, U.S. Treasury Secretary Scott Bessent said in an interview with Tucker Carlson releas...Reuters
Fri, Apr 4
US STOCKS-Trump tariff carnage drags Nasdaq near bear territory
Second day of market chaos since Trump tariff announcementIndexes down: S&P 500 5.10%, Nasdaq 5.04%, Dow 4.48%Nasdaq drops 20% from all-time closing highsFed Chair Powell warns of tariff impact on inflation By David French April 4 (Reuters) - Wall Street slumped for a second straight session ...Reuters
Fri, Apr 4
