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#stocks

493 posts77 participants25 posts today
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unusual_whales

China said Friday that it will impose reciprocal 34% tariffs on all imports from the United States from April 10.

Read more: t.co/Tfgn6KELtU

Unusual Whales - News · China announces rare metal controls, imposing export controls on samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttriumChina has announced it will impose a 34% tariff on all imports from the United States starting April 10, 2025, in response to U.S. President Donald Trump's recent tariff increases. This move escalates the ongoing trade tensions between the world's two largest economies. In addition to the tariffs, China is implementing export controls on medium and heavy rare-earth elements, which are crucial for various high-tech industries. Furthermore, 11 American companies have been added to China's "unreli
#news#finance#economics
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unusual_whales

The chances of a a U.S. recession this year have jumped from 40 percent to 60 percent off the back of President Donald Trump's announcement of widespread tariffs, per JPMorgan.

Read more: t.co/sB8azP5HP9

Unusual Whales - News · Trump's tariffs — if sustained — likely to push the U.S. and globe into recession, says JPMorganThe likelihood of a U.S. recession in 2025 has jumped to 60% from 40% following President Donald Trump’s announcement of sweeping new tariffs, according to JPMorgan. Why It Matters Even before Trump unveiled the full scope of the reciprocal tariffs, economists had raised alarms that expanding duties on a growing list of countries and products could destabilize U.S. trade, squeeze domestic producers, and further stoke inflation. Taken together, experts warned, these developments could tip the U.
#news#finance#economics
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unusual_whales

Fed's Powell says larger-than-expected tariffs likely to boost inflation, slow growth

Read more: t.co/d3McQhjYwL

Unusual Whales - News · Powell says that tariffs to raise inflation in coming quartersFederal Reserve Chair Jerome Powell said Friday that President Donald Trump’s newly announced tariffs are “larger than expected,” and the economic consequences—including elevated inflation and slower growth—will likely exceed initial forecasts. His remarks signaled the complex decisions facing the central bank in the coming months. “We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation,” Powell told a gathering of business journalists in Arlingt
#news#finance#economics
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Paula Gordon

I'm locked out of my mom's Computershare account for an infuriating reason (another time). Comparing the price of her shares now from 2/5/25, when I tried to log in to sell shares for her (because I *knew*):
As of yesterday's close, they were down $12,494; as of today's close, down $22,900 -- they've lost almost 20% of their value in 2 days. (These shares are Dupont and spinoffs, from my dad's benefits.)
I mention this not for sympathy, but to put out a real-life example.
#stocks #crash #idiocy

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unusual_whales

He is always ‘late,’ but he could now change his image, and quickly,” Trump said.

Read more: t.co/GtrJkfvBJr

Unusual Whales - News · Trump says this would be a perfect time for Powell to cut interest ratesPresident Donald Trump on Friday urged Federal Reserve Chair Jerome Powell to lower interest rates, even as his recently announced tariff plan sparked market turmoil and stoked concerns about renewed inflation. “This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always ‘late,’ but he could now change his image, and quickly,” Trump wrote on Truth Social. “Energy prices are down, Interest Rates are down, Inflation is down, even Eggs are down 69%, and Jobs are
#news#finance#economics
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unusual_whales

Nintendo said it’s sticking to its original launch date of June 5, when the Switch 2 will go on sale for $450 in the US.

Read more: t.co/sxYt5CiHP1

Unusual Whales - News · Nintendo to delay switch 2 pre-orders in US on tariffsNintendo Co. has announced a delay in pre-orders for its upcoming Switch 2 console, citing concerns over the potential effects of global tariffs recently implemented by U.S. President Donald Trump. Originally scheduled to open for pre-orders on April 9, the company said Friday it will hold off “to evaluate the potential impact of tariffs and shifting market conditions.” The delay was first reported by The Verge and CNBC. Despite the change in pre-order timing, Nintendo confirmed it is still pl
#news#finance#economics
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unusual_whales

The policy imposes significantly higher rates on several major trade partners — 34% on Chinese goods, 20% on imports from the European Union, 46% on Vietnam, and 32% on Taiwan.

Read more: t.co/7Lxkjc8CME

Unusual Whales - News · Mark Cuban said "prices are going to increase... due to tariffs."Markets slumped the day after President Donald Trump rolled out a sweeping "reciprocal tariff" policy that included a baseline 10% tariff on imports from nearly every country. The policy imposes significantly higher rates on several major trade partners — 34% on Chinese goods, 20% on imports from the European Union, 46% on Vietnam, and 32% on Taiwan. Economists and U.S. allies are now questioning how the White House determined the figures it claims reflect the tariffs those countries impose on
#news#finance#economics
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