Igor Golovniov | SOPA Images | Lightrocket | Getty Images Affirm shares have plunged nearly 30% over the past two trading days and are on track to close out their second-worst week on record, following President Donald Trump’s sweeping tariff announcement on Wednesday. Widespread tariffs could represent a particular problem for Affirm because the provider…
U.S. President Donald Trump speaks during an event announcing new tariffs in the Rose Garden at the White House in Washington, April 2, 2025. Chip Somodevilla | Getty Images President Donald Trump announced an aggressive, far-reaching “reciprocal tariff” policy this week, leaving many economists and U.S. trade partners to question how the White House calculated its rates….
In this photo illustration, the logo of Nintendo Switch 2 is displayed on a smartphone screen on April 3, 2025 in Suqian, Jiangsu Province of China. Vcg | Visual China Group | Getty Images Nintendo said on Friday that pre-orders for the company’s hotly anticipated Switch 2 game console would be delayed following President Donald…
U.S. Treasury yields continued to plummet on Friday, with 10-year Treasury yield falling well below 4%, after China retaliated against President Donald Trump’s aggressive “reciprocal tariff” policy rollout, causing investors to flood into bonds for safety on fears of a global recession. The 10-year Treasury yield dropped nearly 13 basis points to 3.92%, hitting its lowest level since…
Douglas Sacha | Moment | Getty Images If you still haven’t filed your 2021 tax return and never received a pandemic-era IRS stimulus check, the deadline is April 15 because there’s a three-year window to claim refunds, according to the agency. Filers who never got the 2021 stimulus payment of up to $1,400 could claim…
Altimeter Capital CEO Brad Gerstner said Thursday that he is moving out of the “bomb shelter” with Nvidia and into a position of safety, expecting that the chipmaker is positioned to withstand President Donald Trump’s widespread tariffs. “The growth and the demand for GPUs is off the charts,” he told CNBC’s “Fast Money Halftime Report,”…
Mohamed Aly El-Erian, chief economic advisor for Allianz SE. Bloomberg | Getty Images President Donald Trump’s extensive raft of import tariffs are putting the U.S. economy at risk of recession, Allianz’s Chief Economic Advisor Mohamed El-Erian warned on Friday. He added that Trump’s swathe of so-called reciprocal tariffs could have a significant effect on the…
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil major BP on Friday said its chair Helge Lund will step down, kickstarting a succession process. The company said the successful candidate will work with Lund ahead of…
U.S. Defense Secretary Pete Hegseth looks on, as President Donald Trump (not pictured) delivers remarks, in the Oval Office at the White House, in Washington, D.C., U.S., March 21, 2025. Carlos Barria | Reuters The Pentagon’s internal watchdog opened an investigation of Defense Secretary Pete Hegseth for using the Signal messaging app to discuss pending…
South Korea’s impeached President Yoon Suk Yeol arrives for his impeachment trial at the Constitutional Court in Seoul, South Korea, on Jan. Kim Hong-ji | Reuters South Korea’s Constitutional Court Friday upheld the impeachment of President Yoon Suk Yeol, ousting him from office. The decision now starts a 60-day countdown where a presidential election must…
