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President Trump's new tariffs will cause economic pain, but economists warn they're targeting the wrong issue. The real threat is the national debt, which requires painful sacrifices like Social Security and Medicare cuts, but Trump is ignoring it.

Published on: February 04, 2025, 12:02 PM UTC

US stock futures slipped Tuesday as investors assessed China's response to Trump's new tariffs, amid worries about a trade war. China hit back with tariffs on US goods, but some see its response as showing restraint that could open the door to compromise.

Published on: February 04, 2025, 12:01 PM UTC

Wall Street's Rollercoaster Ride: Tariff Drama Sparks Market Volatility and Uncertainty, with Investors Guessing the Next Move

Published on: February 04, 2025, 12:01 PM UTC

Spotify Q4 Earnings: Revenue Beat, First Full-Year Profit, Strong Subscriber Growth

Published on: February 04, 2025, 12:01 PM UTC

Merck pauses Gardasil shipments to China, hurts 2025 revenue; Keytruda sales drive strong Q4 profit.

Published on: February 04, 2025, 12:00 PM UTC

Pfizer beat Wall Street estimates for fourth-quarter profit on Tuesday, helped by cost-cutting efforts and better-than-expected sales of its COVID vaccine.

Published on: February 04, 2025, 12:00 PM UTC

Alphabet (GOOGL) and Meta Platforms (META) report earnings amid AI race and regulatory challenges. GOOGL expected to beat estimates, driven by ad revenue and cloud growth. META reported strong results last week but declined to provide guidance. Investors will watch for updates on AI investments, cloud performance, and regulatory risks.

Published on: February 04, 2025, 11:03 AM UTC

Automaker stocks fell Monday after President Trump's tariffs on Canada and Mexico. GM, Ford, Stellantis, Toyota, and Honda all closed down at least 2%, while Tesla fell 5.2%. The tariffs could raise prices for US-built automobiles by $3,000, according to TD Economics.

Published on: February 04, 2025, 11:02 AM UTC

Tariffs on Chinese goods, including electronics like PCs, smartphones, and chips, could impact tech industry companies, leading to higher prices for consumers. Apple, with its extensive manufacturing base in China, faces potential iPhone and MacBook price increases. Chipmakers may also be affected by tariffs on chips, putting pressure on device manufacturers and data center operators. The full impact will depend on the duration of tariffs and potential exemptions.

Published on: February 04, 2025, 11:02 AM UTC

President Trump’s new tariffs will cause pain in the form of higher prices, swooning stock values, and economic uncertainty. But Trump is asking for the wrong kind of sacrifice and blowing an opportunity to save his '"pain pitch" for an issue that tops all others — the gigantic national debt.

Published on: February 04, 2025, 11:01 AM UTC