The S&P 500 Index and its ETFs, like SPY and VOO suffered a harsh reversal on Friday as the Fear and Greed Index moved to the fear zone after Donald Trump unveiled new tariffs on China. It plunged to a low of $6,552, its lowest level since September 11 and 3% below the highest level
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White House Deputy Chief of Staff Dan Scavino is poised to play an even larger role in President Donald Trump’s administration, the president announced Sunday. Trump says Scavino, in addition to his current role, will now lead the White House Presidential Personnel Office. The office was previously held by Sergio Gor, who is now transitioning
10US homebuilder stocks remain in focus after an Evercore ISI analyst, Stephen Kim, downgraded six of them, citing near-term headwinds despite the sector posting robust profitability and capital returns. According to him, the policy shifts could hurt valuations. “It’s unfortunate for the homebuilders,” he told CNBC, pointing to government efforts that may inadvertently pressure sector
President Donald Trump secured a historic peace deal between Israel and Hamas this week that will end the war in Gaza and return the hostages, two years after the terrorist network attacked Israel Oct. 7, 2023 — all while the U.S. government remains in a shutdown due to a stalemate in the Senate. The president
10HONG KONG — China outlined new curbs on exports of rare earths and related technologies on Thursday, extending controls over use of the elements critical for many high-tech and military products ahead of a meeting in about three weeks between President Donald Trump and Chinese leader Xi Jinping. The regulations announced by the Ministry of
11Nvidia stock (NASDAQ: NVDA) skyrocketed to a new all-time high on Friday, driven by broader momentum in the semiconductor sector and recent upgrades from several analysts. The shares were trading at $195.62 at press time, which is around 44.86% upside from its year-ago levels. The latest stock climb came amid heightened excitement over its next-level
11Publicly, the White House says the latest strikes in the Caribbean are aimed at cartel infrastructure. Privately, some analysts suspect the campaign is calibrated to do something else: weaken longtime U.S. foe Nicolás Maduro’s grip on power. President Donald Trump is ramping up pressure on the Venezuelan regime, striking four boats in the Caribbean Sea
13Shares of AZZ Inc. fell on Thursday after the company reported lower-than-expected fiscal second-quarter results, with sales pressured by weak demand across several of its key end markets. The stock declined 12.1% to intraday low of $92.98, through the stock has regained some of the losses, trading at $101.30 at the time of writing. The
12A federal judge on Tuesday blocked the Trump administration from forcing recipients of federal teen pregnancy prevention grants to follow new rules targeting ‘radical indoctrination’ and ‘gender ideology.’ U.S. District Judge Beryl Howell, an appointee of former President Barack Obama, said President Donald Trump’s order was ‘motivated solely by political concerns, devoid of any considered
16The SPDR S&P 500 Trust (SPY) ETF has continued to shed assets this year, making it the worst-performing in Wall Street. It has lost over $32 billion in assets, while the Vanguard S&P 500 (VOO) has added over $86 billion. BlackRock’s IVV ETF has added over $28 billion in assets. SPY ETF has been overtaken
