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![]() Jason MaFortune |
“If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S.,” Trump wrote on Truth Social on Friday.
The 30-year Treasury yield jumped more than 10 basis points, topping 5%, before easing just below that threshold by midday.
Late Friday, Moody's downgraded the U.S. credit rating one notch to Aa1 from AAA, the highest grade.
By contrast, the overall housing market has been subdued as high mortgage rates and home prices keep most Americans on the sidelines.
“While this represents a more aggressive form of the disease, the cancer appears to be hormone-sensitive which allows for effective management.”
"If we were to give too much certainty to the other countries, then they would play us in the negotiations," Bessent told CNN.
Analysts cited the "Important role played by AI chips as part of geopolitical negotiations around trade/tariffs (GPU as the new 'coin of the realm')."
"The Rust Belt’s manufacturing decline isn’t primarily about jobs going to Mexico. It’s about jobs going to Alabama, South Carolina, Georgia and...
The S&P 500 is 3% below its peak set in mid-February, when Trump launched a global trade war that began with tariffs on Canada and Mexico.
"Successive US administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest...
"But what we do want is a decoupling for strategic necessities, which we were unable to obtain during COVID."
The U.S.-China tariff negotiations appeared to yield "a broad framework under which the two nations can conduct further talks," an analyst said.
"And the traders, of course, trump Trump, and they forced him to back down to market discipline."
“It’s important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not as large as...
"This is one of the problems with the housing inventory. They're staying in their houses longer because they can't afford to move out."
"While hypothetical, this scenario illustrates why we remain structurally bullish gold and think prices have further to run," analysts at JPMorgan...
Prices for baby strollers and infant car seats are already up by an average of 25% and 20%, respectively.
"There’s just so much more opportunity, at least in the United States, that presents itself in the security market than in real estate."
Futures for the Dow Jones Industrial Average dropped 193 points, or 0.47%. Futures for the S&P 500 fell 0.52%, and Nasdaq futures eased 0.53%.
"Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund," Buffett wrote in 2013.
"You're going to have your life progress in the general direction of the people that you work with, that you admire, that become your friends."
"I think they'll be unanimously in favor of it, and that would mean that at year-end Greg would be the chief executive officer of Berkshire and I...
Buffett defended Berkshire's stance on keeping its powder dry, telling shareholders that "we have made a lot of money by not wanting to be fully...
According to a recent survey from the Toy Association, 80% of mid-sized companies and 64% of small companies are canceling orders.
Exports of rare earths now require special licenses, but Beijing has yet to fully establish a system for issuing them, the New York Times reported.
Futures for the Dow Jones Industrial Average rose 115 points, or 0.28%, while S&P 500 futures were up 0.68%, and Nasdaq futures jumped 1.11%.
The idea of "American exceptionalism" in the global economy and financial markets has rapidly lost favor this year, but others are sticking with the...
"If making America great again is its goal, Trump should not fear a comfortable China; he should fear a constrained one."
"The fact that the dollar is going down at the same time, I think, lends some more credibility to the story of investor preferences shifting."
"Without these exemptions the US Tech industry would be taken back a decade and the Al Revolution thesis would have been slowed significantly."
The exemptions includes smartphones, computers, semiconductors, solar cells, flat panel TV displays, flash drives, memory cards and solid-state...
Elsewhere in financial markets, the mood was gloomier and pointed to deteriorating confidence in US assets.
"Additionally, all talks with China concerning their requested meetings with us will be terminated!"
UBS said the effective US tariff rate could go as high as 30%, up from 25% under Trump's latest plans.
Elon Musk said Saturday he hopes for a "zero-tariff" system between the US and Europe that would create "a free-trade zone."
Bessent said "what I've been very impressed with is the market infrastructure, that we had record volume on Friday."
Economists at Citi Research said in a note on Thursday that the aggressive tariffs "may now become a justification for larger tax cuts."
His decision last year to shed most of Berkshire Hathaway's Apple stock now looks especially well timed.
So far this year, the US dollar index, which tracks the greenback against a basket of other global currencies, has tumbled 4.7%.
Ending taxes on tips was one of President Donald Trump's top campaign pledges, and he has reaffirmed it since returning to the White House.
"But if the US leaves us no choice, as with the tariffs on steel and aluminum, we will respond as a united European Union," Scholz said.
Over the weekend, reports said Trump has pushed his advisers to get more aggressive on tariffs, including higher rates on a wider set of nations.
A top economist and currency scholar said "the dollar’s global role will suffer if the US is perceived as turning its back on its allies."
Moody's added to the growing list of US debt warnings in a report that sounded the alarm on the deteriorating fiscal situation.
"I couldn’t care less. I hope they raise their prices, because if they do, people are gonna buy American-made cars. We have plenty," Trump said.
"Energy markets are not exempt from the loss of public faith in all markets," one executive said.
"We will have cases that get stuck, and they’re not going to be able to get fixed."
Intense discussions are ongoing ahead of April 2, which Trump has billed as "Liberation Day," when his next batch of tariffs will be unveiled.
An expected 10% revenue decline is due to changes in taxpayer behavior and President Donald Trump's cuts to the IRS, according to The Washington Post.
"There are increasing signs of that we've actually established a tradable bottom."