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On an upcoming episode of the Opening Bid podcast, Trump's top economic adviser during his first term, Gary Cohn, suggested that whipsawing markets could use a dose of policy certainty. "I would tell anyone who wants to understand what's going on in markets ... that markets thrive on predictability and they thrive on uncertainty," Cohn, who is a former director of the National Economic Council and current IBM vice chair, told Yahoo Finance's Brian Sozzi. "Ambiguity is the No. 1 enemy of a market," Cohn continued. "When a company creates...

Americans continue to sour on the US economic outlook as uncertainty around President Trump's policies and higher prices weigh on consumer sentiment. The latest consumer confidence index reading from the Conference Board was 92.9 in March, below the 100.1 seen in February and the lowest level in more than four years. The expectations index, which is based on consumers' short-term outlook for income, business, and labor market conditions, ticked lower to 65.2 from 72.9 and remained below the threshold of 80 — which typically signals recession ahead — for the...

Tesla (TSLA) stock climbed almost 4% in premarket trading Monday, poised to kick the week off on a positive note amid optimism about an easing in US tariff plans. At the weekend, reports said that President Trump will hold off from bringing in tariffs on the auto sector on April 2 as was anticipated. Worries about the impact of new trade duties on Tesla's upcoming results contributed to Wall Street's recent cuts to earnings outlooks. On Monday, the electric car maker responded to complaints about a pause in its Full...

Tesla (TSLA) stock climbed almost 4% in premarket trading Monday, poised to kick the week off on a positive note amid optimism about an easing in US tariff plans. At the weekend, reports said that President Trump will hold off from bringing in tariffs on the auto sector on April 2 as was anticipated. Worries about the impact of new trade duties on Tesla's upcoming results contributed to Wall Street's recent cuts to earnings outlooks. On Monday, the electric car maker responded to complaints about a pause in its Full...

The recently dubbed "Lag Seven" players are once again... lagging. After a brief comeback on Wednesday, fueled by the Federal Reserve, most of the major tech giants lost steam by late Thursday trading. The exceptions: Nvidia (NVDA) and Meta (META), which each rose a modest 0.8% and 0.7%, respectively, with less than twenty minutes left until the closing bell. Still, nearly all of the "Magnificent Seven" stocks are off by about 20% from their 52-week highs as risk-off sentiment pervades markets on the heels of greater policy and Fed uncertainties....

Tariff-related concerns have sent stocks reeling over the past month, with the S&P 500 (^GSPC) down about 5% year to date as of Thursday morning. Investors may want to remember that while policy shifts are unsettling, pullbacks of 5% to 10% in the benchmark index are not uncommon. "On average, the index experiences three drawdowns of between 5% and 10% each year," Jeff Buchbinder, chief equity strategist at LPL Financial, wrote in a note to clients. “In fact, the S&P 500 has had at least one 5% pullback in 94%...

Tariff-related concerns have sent stocks reeling over the past month, with the S&P 500 (^GSPC) down about 5% year to date as of Thursday morning. Investors may want to remember that while policy shifts are unsettling, pullbacks of 5% to 10% in the benchmark index are not uncommon. "On average, the index experiences three drawdowns of between 5% and 10% each year," Jeff Buchbinder, chief equity strategist at LPL Financial, wrote in a note to clients. “In fact, the S&P 500 has had at least one 5% pullback in 94%...

The latest Consumer Price Index (CPI) showed that housing cost pressures eased in February to the slowest pace in over three years. Shelter costs rose 4.2% from a year earlier in February, slower than the 4.4% increase seen in January, and the smallest 12-month increase since December 2021. On a monthly basis, housing costs ticked up 0.3% in Februarydown from January’s 0.4% monthly increase. "Shelter inflation remains in a disinflationary trajectory, which will be a welcome development for those hoping for further progress on inflation," Jeff Schulze, head of economic...

It's not just the "Magnificent Seven" stocks feeling the impact of recent sell-off action. Highfliers like Netflix (NFLX), AMD (AMD), Micron (MU), Dell (DELL), and Palantir (PLTR), among others, have also been washed out in the midst of this latest market rout. Netflix stock has declined over 10% from a month ago, and some on Wall Street are warning that its recent volatility signals a more sinister picture of the current stock market. "When NFLX goes down over 9% in one day, that tells me we are starting to see...

President Donald Trump on Tuesday said he's boosting Canadian steel and aluminum tariffs to 50%, with the new duties set to go into effect on Wednesday. In a post on Truth Social, the president said the increase is in response to Ontario Premier Doug Ford's decision to impose a 25% surcharge on electricity exports to the United States. "Based on Ontario, Canada, placing a 25% Tariff on 'Electricity' coming into the United States, I have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff, to 50%, on all...