News
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Stocks
Why Footwear Stocks Nike, On Holding, Deckers, and Boot Barn Were Tumbling Today
Stocks are plunging today on President Trump's announcement of a 10% blanket tariff on global imports and higher rates on most major trading partners last night.Unsurprisingly, the news sent broad swaths of the stock market into a tailspin, and among the hardest-hit sectors was footwear and apparel....The Motley Fool
Thu, Apr 3
Stocks
US tech, retail stocks lead rout after Trump's tariff blow
Tariffs could hurt global supply chains, profit margin: analystsTech companies like Apple face significant tariff costs Semiconductors face indirect tariff impactBy Niket Nishant, Medha Singh and Alden Bentley April 3 (Reuters) - Megacap U.S. tech companies including Apple and retail giants Walm...Reuters
Thu, Apr 3
Stocks
Intel shares reverse course after report of joint venture
** Shares of Intel Corp INTC.O reverse course, last up ~4.3% at $22.9** Executives from Intel and Taiwan Semiconductor Manufacturing 2330.TW recently reached preliminary agreement to form joint venture to operate Intel’s chip-making facilities, the Information reported on Thursday, citing two people...Reuters
Thu, Apr 3
Stocks
Equity long/short hedge funds wipe out year gains in market rout
By Carolina Mandl NEW YORK, April 3 (Reuters) - Global equity long/short hedge funds erased their gains for the year on Thursday as stocks plunged after the Trump administration announced sweeping tariffs. The funds showed a 1.7% fall on the day, Goldman Sachs said. As of Thursday, long/short...Reuters
Thu, Apr 3
Other
KKR drops out of consortium seeking Gerresheimer takeover, Bloomberg News reports
April 3 (Reuters) - KKR KKR.N has abandoned a private equity consortium discussing a takeover of Gerresheimer AG GXIG.DE, Bloomberg News reported on Thursday, citing people familiar with the matter.Reuters
Thu, Apr 3
Stocks
Why U.S. Oil and Gas Stocks Plunged Today
Shares of U.S.-based oil and gas fracking companies such as Devon Energy (NYSE: DVN), APA Corporation (NASDAQ: APA), and Diamondback Energy (NASDAQ: FANG) plunged on Thursday, falling 11.2%, 14.4%, and 11%, respectively, as of 12:32 p.m. ET.Investors might have thought the Trump administration would...The Motley Fool
Thu, Apr 3
Stocks
Here's Why Capital One Stock Is Getting Crushed by Tariffs
The stock market was having its worst day in several years on Thursday in the wake of President Trump's global tariff announcement. In a nutshell, the tariff rates were largely far higher than expected and applied to more countries as well. The resulting concerns about their macroeconomic impact sen...The Motley Fool
Thu, Apr 3
Other
South Korea's impeached President Yoon faces court ruling to decide his fate
Court deliberated in secrecy for more than five weeksYoon also faces criminal trial on insurrection chargesPolitical crisis has deepened divisions in societyPublic opinion largely supports Yoon's removalBy Joyce Lee and Ju-min Park SEOUL, April 4 (Reuters) - South Korea's Constitutional C...Reuters
Thu, Apr 3
Economic Indicator
Fed's Cook expects inflation progress to stall after tariffs
Federal Reserve (Fed) Board of Governors member Lisa Cook joined the ever-growing number of central policy planners on Thursday to caution that tariffs are likely to push the Fed further away from rate cuts instead of closer as inflation risks climb.Fxstreet
Thu, Apr 3
Other
Aerospace walks trade tightrope as EU mulls tariff response
US tariffs include 20% on EU where Airbus is based French aerospace urges proportionate and assertive responseFrance and US cooperate on engines as they compete on aircraftRyanair warns of higher faresBy Tim Hepher, Allison Lampert, Joanna Plucinska, Dan Catchpole PARIS, April 3 (Reuters) - Aeros...Reuters
Thu, Apr 3
Stocks
Why Tesla Stock Is Sinking Today
Shares of Tesla (NASDAQ: TSLA) are getting hit with another round of big sell-offs in Thursday's trading. The price was down 5.4% as of 2:15 p.m. ET today amid a 4.3% decline for the S&P 500 and a 5.5% drop for the Nasdaq Composite.The Trump administration announced a series of wide-ranging new tari...The Motley Fool
Thu, Apr 3
Other
Intel, TSMC tentatively agree to form chipmaking joint venture, Information reports
April 3 (Reuters) - Executives from Intel INTC.O and Taiwan Semiconductor Manufacturing Co 2330.TW recently reached a preliminary agreement to form a joint venture to operate the U.S. firm's chipmaking facilities, the Information reported on Thursday, citing two people involved in some of the di...Reuters
Thu, Apr 3
Other
Intel, TSMC Tentatively Agree To Form Chipmaking Joint Venture - The Information
April 3 (Reuters) - INTEL, TSMC TENTATIVELY AGREE TO FORM CHIPMAKING JOINT VENTURE - THE INFORMATIONINTEL AND TSMC REACHED PRELIMINARY AGREEMENT TO FORM A JOINT VENTURE WITH TSMC TAKING A 20% STAKE IN THE NEW COMPANY- THE INFORMATIONSource text: https://tinyurl.com/urj6btcpReuters
Thu, Apr 3
Other
US FTC chairman warns against price fixing after Trump tariffs
April 3 (Reuters) - The Federal Trade Commission will be watching U.S. companies closely to ensure they do not use the Trump administration's tariffs on imports as an excuse to raise prices, FTC Chairman Andrew Ferguson said on Thursday."As we adjust to the new economic order, the FTC will b...Reuters
Thu, Apr 3
Other
US FDA approves expanded use of Amgen's rare disease drug
April 3 (Reuters) - The U.S. Food and Drug Administration has approved the expanded use of Amgen's AMGN.O drug, Uplizna, to help reduce the risk of flares in patients with a rare immune system-related condition, the regulator said on Thursday.Reuters
Thu, Apr 3
