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Stock Market

Dow, S&P 500, Nasdaq futures slip as Trump’s tariffs run into legal trouble

Newsmax (NMAX) Shares in conservative media group Newsmax dropped 10.4% after hours Thursday resulting in a drop of over 75% since the company went public in March. Despite growing viewership Newsmax has faced a number of problems and is currently still engaged in a lawsuit with Dominion Voting Systems over "false claims" spread by the news source after the 2020 election. An overly ambitious IPO valuation combined with weak financial returns have continued to crater stock value. Ulta Beauty (ULTA) Ulta Beauty stock jumped up 8.3% in extended trading after...
Stock Market

Dow, Nasdaq, S&P 500 rise as investors cheer Nvidia earnings, weigh tariff legal whiplash

Long-term Treasury yields have climbed in recent weeks, driven by growing concerns over the trajectory of US debt as President Trump's proposed tax legislation advances to the Senate after clearing the House. New concerns emerged late Wednesday after a Manhattan-based trade court struck down a wide swath of Trump's tariffs, adding to uncertainty around how the administration will manage the deficit. "The tariffs the court struck down were likely to raise nearly $200 billion on an annual basis," Goldman Sachs said in a note to clients late Wednesday. That's "roughly...