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US credit card firms fall as US-China trade war escalates
** Shares of U.S. credit card firms extend losses, paring Wednesday's gains after U.S. President Donald Trump's move to temporarily lower the heavy tariffs on dozens of countries** However, tariffs on China now total 145%, the White House told CNBC on Thursday** American Express AXP.N down 6...Reuters
Thu, Apr 10
Janus Henderson says investors should cut down exposure to stocks as recession looms
Janus Henderson recommends 55% equities, 45% bonds amid recession fearsTariffs threaten global growth, prompting shift to investment-grade bondsPotential recovery catalysts in Europe and China include fiscal stimulusBy Saeed AzharNEW YORK, April 10 (Reuters) - Janus Henderson, which manages $379 bil...Reuters
Thu, Apr 10
US asset managers fall as US-China trade war escalates
** Shares of U.S. asset managers extend losses, paring Wednesday's gains after U.S. President Donald Trump's move to temporarily lower the heavy tariffs on dozens of countries** However, tariffs on China now total 145%, the White House told CNBC on Thursday** KKR KKR.N down 5.9%, Invesco IVZ...Reuters
Thu, Apr 10
Why Newsmax Stock Is Crashing Today
Shares of Newsmax Media (NYSE: NMAX) are plunging on Thursday. The media company's stock lost 23.5% as of 1:40 p.m. ET and was down as much as 24.5% earlier in the day. The steep decline comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) both lost more than 5%.A Delawar...The Motley Fool
Thu, Apr 10
PRECIOUS-Gold hits record high as US-China trade war intensifies, dollar weakens
Trump raises tariffs on Chinese imports to 125% U.S. consumer prices unexpectedly fall in MarchTraders add to bets on Fed rate cuts after CPI dataBy Brijesh Patel and Anmol Choubey April 10 (Reuters) - Gold prices jumped nearly 3% to an all-time high on Thursday, as a drop in the dollar and an es...Reuters
Thu, Apr 10
Why XRP (Ripple) Is Plummeting Today
The crypto token XRP (CRYPTO: XRP) is trading lower on Thursday, losing 4.9% as of 1 p.m. ET despite jumping as much as 5.4% earlier in trading since this time yesterday. The drop comes as the broader market takes a dive: The S&P 500 and Nasdaq Composite dropped 4.7% and 5.4%, respectively.The Secur...The Motley Fool
Thu, Apr 10
Tesla Is Plummeting Again -- Is It Time to Buy the Stock?
On the heels of huge gains yesterday, Tesla (NASDAQ: TSLA) stock is seeing big sell-offs in Thursday's trading. The electric-vehicle (EV) company's share price was down 9.9% as of 1:15 p.m. ET amid the backdrop of a 5.3% decline for the S&P 500 (SNPINDEX: ^GSPC) and a 6.1% decline for the Nasdaq Com...The Motley Fool
Thu, Apr 10
Nvidia Is Sinking Today. Is It Time to Buy the Artificial Intelligence (AI) Stock?
After explosive gains in yesterday's session, Nvidia (NASDAQ: NVDA) stock is seeing big sell-offs in Thursday's session. The artificial intelligence (AI) hardware leader's share price was down 7.5% as of 1 p.m. ET. At the same point in today's trading, the S&P 500 was down 4.5%, and the Nasdaq Compo...The Motley Fool
Thu, Apr 10
QUOTES-Investors resume flight from US stocks, no respite in sight from tariff chaos
April 10 (Reuters) - Wall Street's main indexes fell hard again on Thursday on concerns over the impact of high tariffs on the global economy, marking a U-turn from the previous session's historic gains when U.S. President Donald Trump moved to temporarily lower the levies on some countries....Reuters
Thu, Apr 10
PREVIEW: JPMorgan seen reporting Q1 EPS, rev increase
** Shares in JPMorgan Chase & Co JPM.N shares down ~5% on Thursday in a broader market selloff amid trade uncertainty; biggest U.S. bank due to report first quarter results before market open on Friday** Wall Street sees JPM reporting adj EPS of $4.61 up from $4.44 in year-ago quarter on rev of...Reuters
Thu, Apr 10
Why Occidental Petroleum Stock Plunged 10% Today
Shares of Occidental Petroleum (NYSE: OXY) crashed today and were trading 10% lower as of 12:20 p.m. ET.Ironically, Occidental Petroleum just revealed that it realized higher average prices for oil and gas in its first quarter versus the fourth quarter, which is good news for the company and its inv...The Motley Fool
Thu, Apr 10
Polestar warns of tariff impact after discounts boost quarterly sales
By Zaheer Kachwala April 10 (Reuters) - Swedish electric-vehicle maker Polestar PSNY.O plans to move more manufacturing to Europe as U.S. tariffs and the global trade war spell trouble for the automotive industry, CEO Michael Lohscheller said on Thursday. It also reported a 76% jump in first-quar...Reuters
Thu, Apr 10
Why Boeing Stock Lost Ground Today
Boeing (NYSE: BA) stock continued its recent turbulent ride with a decline Thursday morning: As of 12:30 p.m., it was off by 6.4% as the broader stock market reassessed the case for optimism after Wednesday's tariff-pause rebound.Boeing and tariffsWednesday's news needs to be put into context. Presi...The Motley Fool
Thu, Apr 10
Capri shares reverse course to fall after Prada's $1.4 billion deal for Versace
** Shares of Michael Kors-parent Capri Holdings CPRI.N reverse premarket gains to fall as much as 12.9% to $14.25 in afternoon trading ** Prada 1913.F says it will buy Versace from Capri in a deal valuing the iconic brand at $1.38 billion** The deal is at a discount to roughly $2.15 billion includin...Reuters
Thu, Apr 10
CarMax boosts newer pre-owned car inventory as tariffs impact buying trends
By Nathan Gomes April 10 (Reuters) - CarMax KMX.N is expanding its inventory of newer pre-owned vehicles, as U.S. President Donald Trump's latest tariffs on new car imports are expected to significantly boost demand for more affordable options.The company said it was prioritizing inventory in...Reuters
Thu, Apr 10
LIVE MARKETS-US economy more like an emerging market -Loomis Sayles portfolio manager
Main US indexes pare losses some; Nasdaq off most, now down ~5%All S&P 500 sectors red; Energy, off >6%, weakest groupDollar slides ~1.8%; crude, bitcoin down >4%; gold up >2US 10-Year Treasury yield falls to ~4.34% Welcome to the home for real-time coverage of markets brought to you by...Reuters
Thu, Apr 10
GLOBAL MARKETS-US stocks, dollar fall on lingering tariff worries, day after relief rally
US stocks, dollar fall further in afternoon tradingEurope, Asia stocks end higher after Trump pauses most tariffsBond market rout stabilizesBy Caroline Valetkevitch NEW YORK, April 10 (Reuters) - Major stock indexes extended sharp declines and the dollar weakened further in midday Thursday tradin...Reuters
Thu, Apr 10
US airline stocks down after rallying on Trump's tariff pause
** Shares of some U.S. airline cos fall after rallying on Wednesday on President Donald Trump's 90-day pause on tariff plan** American Airlines AAL.O down 13%, United Airlines UAL.O down 11%, JetBlue JBLU.O down 13%, Southwest Airlines LUV.N down 10%** Delta Air Lines DAL.N down 11%; at least th...Reuters
Thu, Apr 10
Why Lovesac Stock Is Jumping Today
Shares of innovative modular furniture maker Loveac (NASDAQ: LOVE) were up 6.5% as of 12:45 p.m. ET on Thursday. Lovesac reported fourth-quarter earnings Thursday morning that far surpassed analysts' expectations for sales and net income.This performance, paired with a 90-day pause on most of the t...The Motley Fool
Thu, Apr 10
