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President Trump's shocking tariff announcement on Wednesday has markets reeling as investors, economists, and the public try to make sense of how these actions will weigh on the US and global economies in the months ahead. In a note to clients on Thursday, economists at Wells Fargo led by Brendan McKenna wrote, "Liberation Day will also be a strong test of our deglobalization and fragmentation view." The firm added (emphasis added): While Trump's new tariff program announced Wednesday may well be the start of what Wells Fargo calls an "escalate...

As markets sold off late Wednesday, President Trump touted the domestic investments from Big Tech as companies like Apple (AAPL), Nvidia (NVDA), and others pledge billions to expand their respective footprints in the United States. "Apple is going to spend $500 billion. They never spent money like that here," Trump said, referencing the company's plans to invest in its US operations over the next four years, which will include plans to build a new manufacturing factory, double its advanced manufacturing fund, and hire 20,000 people. Apple (AAPL) shares still fell...

As markets sold off late Wednesday, President Trump touted the domestic investments from Big Tech as companies like Apple (AAPL), Nvidia (NVDA), and others pledge billions to expand their respective footprints in the United States. "Apple is going to spend $500 billion. They never spent money like that here," Trump said, referencing the company's plans to invest in its US operations over the next four years, which will include plans to build a new manufacturing factory, double its advanced manufacturing fund, and hire 20,000 people. Apple (AAPL) shares still fell...

00:00 Speaker A And to some degree, we're already seeing evidence that things are different this time around. We have news of China blocking off investments into the United States, for example, potentially allies abroad teaming up against the US. To what extent is that a headwind that you are concerned about? 00:26 Scott Minerd Well, you know, I I do think that there's been national security concerns about Chinese investment in the United States for a while. So the level has not been significant. So I'm not sure that...

Homebuilder stocks edged lower on Wednesday as concerns over President Trump’s big tariff announcement raised fears that higher construction costs could slow the housing recovery. D.R. Horton, Inc. (DHI), the biggest US homebuilder, slid nearly 1% Wednesday morning, while Lennar (LEN) and PulteGroup (PHM) fell 0.7% and 0.4%, respectively. Trump is scheduled to unveil his major tariff plan details at a Rose Garden address this afternoon. Builders have been growing concerned about the impact of these tariffs, especially on materials from China, Canada, and Mexico. Morgan Stanley warns that tariffs...

Homebuilder stocks edged lower on Wednesday as concerns over President Trump’s big tariff announcement raised fears that higher construction costs could slow the housing recovery. D.R. Horton, Inc. (DHI), the biggest US homebuilder, slid nearly 1% Wednesday morning, while Lennar (LEN) and PulteGroup (PHM) fell 0.7% and 0.4%, respectively. Trump is scheduled to unveil his major tariff plan details at a Rose Garden address this afternoon. Builders have been growing concerned about the impact of these tariffs, especially on materials from China, Canada, and Mexico. Morgan Stanley warns that tariffs...

Headwinds keep gathering for Tesla (TSLA), whose shares fell 2.6% before the bell, pointing to another retreat for the struggling stock. The EV maker is expected to report a decline in vehicle deliveries when it posts its first quarter numbers on Wednesday. While on average Wall Street analysts anticipate a drop of 3.7%, some are predicting a slide of 12%, per Reuters. The gloom comes after Tesla registrations in key European countries tumbled again in March, another sign of faltering sales in a key market. That slide, alongside sales pullbacks...

US stock futures rose as Wall Street braced for President Trump's announcement of new tariffs that stand to remake the global trade order. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) rose 0.2%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) jumped 0.3%. CBOT - Delayed Quote • USD As of 11:53:26 PM EDT. Market Open. YM=F ES=F NQ=F Stocks have cautiously ticked up this week ahead of Trump's big tariff reveal, which will take place at the Rose Garden at 4 p.m....

US stock futures edged lower on Wednesday as Wall Street braced for President Trump to reveal details of sweeping new tariffs that promise to profoundly shake up US trading relations worldwide. S&P 500 futures (ES=F) slipped 0.2%, while Dow Jones Industrial Average futures (YM=F) nudged down 0.1%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) moved 0.3% lower on the heels of a mixed close for the major US stock gauges. The day has finally arrived for Trump's big tariff reveal, with Wall Street looking forward to the end of trade...

Data out Tuesday showed activity in the manufacturing sector slipped into contraction and costs continued to surge as suppliers weighed the impact of President Trump's tariff policy. The Institute for Supply Management's manufacturing PMI registered a reading of 49.0 in March, down from February's 50.3 reading and below the 49.5 economists polled by Bloomberg had expected. Readings above 50 for this index indicate an expansion in activity, while readings below 50 indicate a contraction. The prices paid index surged to 69.4, up from 62.4 the month prior and the highest...