-Markets closed a tumultuous week with modest gains, gold reached new heights, while bonds struggled amid a weakened dollar.
-President Trump’s unexpected shift on tariffs coincided with some negotiation advancements.
-The U.S. imposed tariffs on China, prompting retaliatory measures from the Asian country.
-Treasury Secretary Bessent cautioned China about its various tactics.
-JPMorgan CEO Jamie Dimon provided insights on the U.S. recession exclusively to Finance Newso Business.
-BlackRock CEO Larry Fink offered his perspective on market developments over the past week.
-Delta and Walmart elected to suspend profit and revenue forecasts.
-Small business proprietors discussed the implications of tariffs.
STOCKS, BONDS AND A CRAZY WEEK: The financial markets experienced significant volatility as President Trump announced tariffs and later retracted some of them…continue reading here.
On Wednesday, the Dow Jones Industrial Average achieved its largest single-day point increase to date…check the Dow here. Bitcoin also saw fluctuations, trading between $80,000 and $90,000…LIVE cryptocurrency prices here.
GOLD SHINES: After experiencing a brief downturn, gold prices soared back to an all-time high by the week’s end…GLD, the largest ETF supported by physical gold, price check.
TRUMP’S TARIFFS: In a surprising move, Trump halted tariffs on select countries while simultaneously imposing harsher measures on China. Nevertheless, the White House maintains that negotiations are still on the table.…continue reading here.
VIDEO: Larry Kudlow issues a warning regarding China’s operational methods.
‘LOSER MOVE’: China continued to apply pressure on the U.S. in multiple respects. U.S. Treasury Secretary Scott Bessent expressed his criticisms aimed at the country…continue reading here.
VIDEO: Bessent discusses the bond market slump and China’s currency strategies.
RECESSION? Jamie Dimon of JPMorgan offered his views on the likelihood of a U.S. recession…continue reading here. This comes as financial institutions adjust their recession forecasting.continue reading here.
VIDEO: Dimon shares his thoughts on tariffs, the economy, and his experiences during past financial crises.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| JPM | JPMORGAN CHASE & CO. | 236.13 | +9.39 | +4.14% |
| BLK | BLACKROCK INC. | 878.78 | +20.00 | +2.33% |
BLACKROCK’S TAKE: CEO Larry Fink, overseeing assets of $11 trillion, shared his insights regarding the chaotic week impacting Washington and Wall Street, along with considerations on stock purchases…WATCH HERE.
TAKING A PAUSE: Delta and Walmart have opted for caution, refraining from issuing financial forecasts, as tariff uncertainties complicate predictions……continue reading here.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| DAL | DELTA AIR LINES INC. | 40.88 | +1.52 | +3.86% |
| WMT | WALMART INC. | 92.80 | +2.19 | +2.42% |
MAIN STREET: Small business owners are preparing for potential repercussions from tariffs…continue reading here.
TAX TIPS: WHAT TO KNOW
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