archivemonday morning

Gold prices climbed on Monday, buoyed by a fresh wave of safe-haven buying following Moody’s decision to downgrade the US credit rating and renewed trade tensions out of Washington. Gold futures (GC=F) climbed 1.4% to $3,232.70 per ounce at the time of writing, while the spot gold price rose 0.8% to $3,229.61 per ounce. "The Moody's downgrade of the US credit rating, and the corresponding risk-off reaction by the market, has put some pep back into the gold price," said KCM Trade chief market analyst Tim Waterer. Moody’s cut its...

Gold prices climbed on Monday, buoyed by a fresh wave of safe-haven buying following Moody’s decision to downgrade the US credit rating and renewed trade tensions out of Washington. Gold futures (GC=F) climbed 1.4% to $3,232.70 per ounce at the time of writing, while the spot gold price rose 0.8% to $3,229.61 per ounce. "The Moody's downgrade of the US credit rating, and the corresponding risk-off reaction by the market, has put some pep back into the gold price," said KCM Trade chief market analyst Tim Waterer. Moody’s cut its...

Apple (AAPL) shares gained as much as 5% on Monday as Wall Street viewed the iPhone maker a major winner of exemptions on tariffs announced by the Trump administration over the weekend. "The Trump administration gives AAPL a lifeline," said Angelo Zino, vice president and senior equity analyst at CFRA Research. "It also provides a huge sigh of relief for US consumers who feared a significant increase in costs." In a big win for the technology sector, the White House carved out reciprocal tariff exemptions on smartphones, computers, memory chips,...

Global tech stocks and chipmakers rose in premarket trading Monday after the Trump administration published tariff exemptions on smartphones, computers, and other electronics — though Trump and his top officials muddied that message over the weekend, suggesting the reprieve would be temporary. As my colleague Jenny McCall details below, Apple (AAPL) was a top mover Monday morning, rising 5.5% on the exemptions. Apple also led global smartphone sales in the first quarter, according to Reuters, due to the iPhone 16e launch and strong demand in Japan and India. Best Buy...

One of the worst stock market crashes ever may seem like it's getting more serious by the day, but history suggests its days could be numbered.Global markets are melting down in response to President Donald Trump's tariff policy, which was more extreme than anyone on Wall Street predicted. A recession or stagflation, where economic growth slows while inflation accelerates, are being seen by some as an inevitability.Tariff-driven turmoil has led to the S&P 500's fourth-worst two-day span in the last four decades. US stocks shed 10.5% across Thursday and Friday,...