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Jason Ma

Jason Ma

Fortune

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Trump threatens Apple with tariffs, but U.S.-made iPhones are still a ‘fairy tale’ and would cost thousands of dollars

“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.

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Fortune

Jason Ma

Bond yields just hit ‘yippy’ levels last seen during the post-Liberation Day meltdown 

The 30-year Treasury yield jumped more than 10 basis points, topping 5%, before easing just below that threshold by midday.

19.05.2025 2

Fortune

Jason Ma

Dow futures drop 250 points and Treasury yields jump after Moody’s downgrades U.S. debt

Late Friday, Moody's downgraded the U.S. credit rating one notch to Aa1 from AAA, the highest grade.

19.05.2025 30

Fortune

Jason Ma

Mansion sales are booming as the rich seek shelter from trade war fallout — ‘real estate is safer’

By contrast, the overall housing market has been subdued as high mortgage rates and home prices keep most Americans on the sidelines.

19.05.2025 20

Fortune

Jason Ma

Former President Joe Biden has been diagnosed with an aggressive form of prostate cancer that has spread

“While this represents a more aggressive form of the disease, the cancer appears to be hormone-sensitive which allows for effective management.”

19.05.2025 20

Fortune

Jason Ma

Scott Bessent says tariff uncertainty is a tactic — otherwise countries ‘would play us in the negotiations’

"If we were to give too much certainty to the other countries, then they would play us in the negotiations," Bessent told CNN.

18.05.2025 1

Fortune

Jason Ma

AI chips are the new ‘coin of the realm’ as they grease the wheels of geopolitical negotiations, BofA says

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')."

18.05.2025 6

Fortune

Jason Ma

‘A big missing part of the story’ — Rust Belt vs. Sun Belt in the battle for U.S. manufacturing jobs

"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...

18.05.2025 10

Fortune

Jason Ma

U.S. stocks are nearing record highs again after a furious rally — ‘this market could surprise everyone’

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.

17.05.2025 3

Fortune

Jason Ma

U.S. debt no longer earns a top grade at any of the major credit rating agencies after Moody’s downgrade

"Successive US administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest...

17.05.2025 10

Fortune

Jason Ma

The U.S. doesn’t want ‘generalized decoupling’ from China, but a strategic break instead, Treasury secretary says

"But what we do want is a decoupling for strategic necessities, which we were unable to obtain during COVID."

12.05.2025 5

Fortune

Jason Ma

Dow futures and the dollar surge as Wall Street cheers U.S.-China tariff talks

The U.S.-China tariff negotiations appeared to yield "a broad framework under which the two nations can conduct further talks," an analyst said.

12.05.2025 10

Fortune

Jason Ma

The most powerful people in the world are bond vigilantes, who ‘boxed in’ Trump, top economist says

"And the traders, of course, trump Trump, and they forced him to back down to market discipline."

12.05.2025 9

Fortune

Jason Ma

U.S. says deal struck in tariff talks with China will help global trade deficit as White House signals reboot in relations

“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...

11.05.2025 8

Fortune

Jason Ma

Most baby boomers can’t afford assisted living and are weighing on the housing market by staying in their homes, ‘Oracle of Wall Street’ says

"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."

11.05.2025 40

Fortune

Jason Ma

Gold could soar 80% to $6,000 if there’s even a minuscule shift away from US assets, analysts say

"While hypothetical, this scenario illustrates why we remain structurally bullish gold and think prices have further to run," analysts at JPMorgan...

10.05.2025 3

Fortune

Jason Ma

First-year baby expenses already top $20,000, and tariffs are adding to the bill as China dominates key imports

Prices for baby strollers and infant car seats are already up by an average of 25% and 20%, respectively.

09.05.2025 10

Fortune

Jason Ma

Buffett explains why he prefers to invest in stocks instead of real estate

"There’s just so much more opportunity, at least in the United States, that presents itself in the security market than in real estate."

05.05.2025 7

Fortune

Jason Ma

Stocks may snap longest winning streak in 20 years as futures dip while OPEC+ crushes oil prices

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%.

05.05.2025 10

Fortune

Jason Ma

Warren Buffett has long warned others against picking stocks, but admits he invests in a ‘very irregular manner’

"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.

05.05.2025 5

Fortune

Jason Ma

Warren Buffett has this advice for young investors—and it has nothing to do with where they should put their money

"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." 

03.05.2025 5

Fortune

Jason Ma

Warren Buffett says Greg Abel should take over as Berkshire Hathaway CEO by year’s end

"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...

03.05.2025 10

Fortune

Jason Ma

Warren Buffett reveals Berkshire was ‘pretty close’ to a $10 billion deal not long ago but held off as cash continues to pile up

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...

03.05.2025 7

Fortune

Jason Ma

Toy shortages are in the pipeline as U.S. firms cancel orders with tariffs putting Christmas ‘at risk’

According to a recent survey from the Toy Association, 80% of mid-sized companies and 64% of small companies are canceling orders.

02.05.2025 9

Fortune

Jason Ma

China has stopped exporting rare earths to everyone, not just the U.S., cutting off critical materials for tech, autos, aerospace, and defense 

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.

15.04.2025 2

Fortune

Jason Ma

Dow futures climb as stocks point higher after Trump issues temporary tariff exemptions on key tech imports

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%.

14.04.2025 10

Fortune

Jason Ma

These market veterans still think America is the best place to put your money — ‘Tech Trumps Tariffs even if Mickey Mouse or a clown were to run the US!’

The idea of "American exceptionalism" in the global economy and financial markets has rapidly lost favor this year, but others are sticking with the...

14.04.2025 4

Fortune

Jason Ma

To slow China’s tech advances, Trump should keep its factories addicted to cheap exports via low tariffs, economist says

"If making America great again is its goal, Trump should not fear a comfortable China; he should fear a constrained one."

13.04.2025 2

Fortune

Jason Ma

Trump can pull stocks back from the brink, but bond and currency markets may not be so easily impressed as they rapidly de-dollarize

"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."

13.04.2025 10

Fortune

Jason Ma

Trump’s sudden tariff exemptions on key tech imports remove a ‘doomsday scenario’ for the industry, top analyst says

"Without these exemptions the US Tech industry would be taken back a decade and the Al Revolution thesis would have been slowed significantly."

12.04.2025 2

Fortune

Jason Ma

Trump carves out massive exemptions from reciprocal tariffs, including smartphones, chips and computers

The exemptions includes smartphones, computers, semiconductors, solar cells, flat panel TV displays, flash drives, memory cards and solid-state...

12.04.2025 50

Fortune

Jason Ma

Stocks jump at end of roller-coaster week while de-dollarization trade continues to slam the greenback and U.S. bonds

Elsewhere in financial markets, the mood was gloomier and pointed to deteriorating confidence in US assets.

12.04.2025 50

Fortune

Jason Ma

Trump threatens to add another 50% tariff on China—sending the total rate past 100%—unless it backs down from retaliation tomorrow

"Additionally, all talks with China concerning their requested meetings with us will be terminated!"

07.04.2025 2

Fortune

Jason Ma

Trump tariffs could climb even further—to the highest since 1872—before they ease again as a cycle of retaliation and escalation plays out

UBS said the effective US tariff rate could go as high as 30%, up from 25% under Trump's latest plans.

07.04.2025 10

Fortune

Jason Ma

CEOs had said they’d speak out against Trump if stocks sink 20%. After the latest meltdown, they’re still silent but may be ready to act 

Elon Musk said Saturday he hopes for a "zero-tariff" system between the US and Europe that would create "a free-trade zone."

06.04.2025 3

Fortune

Jason Ma

Treasury Secretary Scott Bessent downplays stock market crash as short-term reaction and says ‘everything is working very smoothly’

Bessent said "what I've been very impressed with is the market infrastructure, that we had record volume on Friday."

06.04.2025 7

Fortune

Jason Ma

Trump tariffs could help clear the way for bigger tax cuts as Congress eyes a potential revenue windfall — and a shrinking economy

Economists at Citi Research said in a note on Thursday that the aggressive tariffs "may now become a justification for larger tax cuts."

06.04.2025 10

Fortune

Jason Ma

Warren Buffett keeps taking investors to school as stock meltdown reveals the uncanny wisdom of his recent moves 

His decision last year to shed most of Berkshire Hathaway's Apple stock now looks especially well timed.

05.04.2025 10

Fortune

Jason Ma

Trump tariffs are weakening the dollar instead of boosting it—further adding to the price Americans will pay for costlier imports

So far this year, the US dollar index, which tracks the greenback against a basket of other global currencies, has tumbled 4.7%.

05.04.2025 10

Fortune

Jason Ma

White House officials are considering a higher tax rate for the wealthiest Americans to help pay for cutting taxes on tips, report says

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.

31.03.2025 2

Fortune

Jason Ma

EU will respond firmly to US tariffs but still open to ‘compromise,’ German chancellor says

"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.

31.03.2025 7

Fortune

Jason Ma

Dow futures drop as report says White House mulls global tariff of up to 20% on nearly all trading partners

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.

31.03.2025 70

Fortune

Jason Ma

The world is asking what an American promise is worth now. The answer could determine the dollar’s future

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."

30.03.2025 9

Fortune

Jason Ma

Soaring US debt may start to overwhelm America’s ‘exorbitant privilege’

Moody's added to the growing list of US debt warnings in a report that sounded the alarm on the deteriorating fiscal situation.

30.03.2025 10

Fortune

Jason Ma

Trump says auto tariffs are permanent and doesn’t care if they cause carmakers to hike prices — ‘I hope they raise their prices’

"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.

30.03.2025 200

Fortune

Jason Ma

Some US oil executives see disaster in Trump’s agenda while dismissing ‘drill, baby, drill’ as a ‘myth and populist rallying cry’

"Energy markets are not exempt from the loss of public faith in all markets," one executive said.

29.03.2025 4

Fortune

Jason Ma

Social Security employee warns ‘people could be out of benefits for months’ as staffers who fix payment glitches exit

"We will have cases that get stuck, and they’re not going to be able to get fixed."

29.03.2025 10

Fortune

Jason Ma

Trump seeks even more aggressive tariffs to fundamentally transform the US economy and eyes a single universal duty, report says

Intense discussions are ongoing ahead of April 2, which Trump has billed as "Liberation Day," when his next batch of tariffs will be unveiled.

29.03.2025 10

Fortune

Jason Ma

The IRS could collect $500 billion less in tax revenue, report says, and the U.S. may run out of cash in a few months without a debt-ceiling hike

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.

24.03.2025 7

Fortune

Jason Ma

The Cuban Missile Crisis has a lesson for today’s stock market as the next Trump tariffs could fuel a huge rebound, top Wall Street forecaster says

"There are increasing signs of that we've actually established a tradable bottom."

24.03.2025 8

Fortune

Jason Ma