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Meta Platforms CEO Zuckerberg Lobbies Trump to Avoid Antitrust Trial
Express News | In Overnight Trading, Tech Giants See Significant Declines, Tesla Drops 6%, Nvidia Down 5%. Crypto-Related stocks Fall
The Stock Market Pain Is Just Getting Started. 'This Is How You Sabotage the World's Economic Engine.' -- Barrons.com
The U.S. Treasury Secretary 'shifts the blame': The sharp decline in the U.S. stock market is due to issues with the Mag 7, not the MAGA.
As tariffs are implemented and Post-Market Trading falls sharply, US Treasury Secretary Bessent once again defended Trump, stating that the Nasdaq Index peaked on the day DeepSeek was released, so this is a Mag 7 issue, not a MAGA issue.
U.S. Treasury Secretary Basant claimed that the sharp drop in the stock market was due to the sell-off of Technology stocks and was unrelated to Trump's tariffs.
U.S. Treasury Secretary Scott Bessenet stated on Wednesday night local time that the sell-off in the stock market was more due to the sharp pullback of large technology stocks rather than the protectionist policies of the Trump administration. Bessenet mentioned in a television interview: "I am trying to be the Treasury Secretary, not a market commentator. I want to point out that particularly the Nasdaq Index peaked on DeepSeek Day, so this is a Mag 7 ('Seven Giants' stocks) issue, not a MAGA issue." Bessenet referred to the Chinese AI startup DeepSeek, whose new language model is in...
Tariffs exceeded expectations, U.S. stock Futures plummeted, Apple fell sharply over 7% after hours, U.S. bonds rebounded, and Futures gold reached a new high five times.
Tesla initially fell over 6% but ended up rising over 5%. After Trump announced reciprocal tariffs, the yield on the ten-year U.S. Treasury bond first hit a daily high and then turned lower; Bitcoin surged past the 0.088 million mark before dropping over 3000 dollars. Crude Oil Product closed at a new high for over two months but turned down after Trump's announcement of tariffs.
Pochong : I love it.
Hsd : i will keep my put tomorrow as well!
LELT : Almost all Meta revenue will not subject to tariffs
Frozenjs OP : No company and no1 is spared from these tarrifs its just a matter of how great the impact will be.