Market

Suntory Holdings is stockpiling whiskey in Europe due to potential Trump tariffs. The company owns bourbon brands like Jim Beam and Maker's Mark. The threat of a trade war hammering the liquor industry is real, as a near-term dark cloud hangs over the space. In 2018, the European Union slapped a 25% tariff on American whiskey as a retaliatory measure to Trump's tariffs on European steel and aluminum.

Published on: January 21, 2025, 06:00 PM UTC

MicroStrategy shareholders vote to expand potential share count to 10.3 billion from 330 million to facilitate Bitcoin purchases, turning the software company into a leveraged Bitcoin proxy with over $47 billion in Bitcoin holdings.

Published on: January 21, 2025, 05:03 PM UTC

Meme coins from former President Trump and former first lady Melania Trump raise concerns about retail investors' losses due to price volatility. Anthony Scaramucci, Skybridge Capital founder, warns that the Trump family could profit from the presidency through these tokens.

Published on: January 21, 2025, 05:03 PM UTC

In 2025, the Federal Reserve may consider anything, including rate hikes, if the Trump administration imposes new tariffs on China and the European Union. Despite concerns about tariffs and their economic effects, bank stocks have increased since the election. Investors have a variety of reasons to explain the optimism, including the Trump administration's anticipated deregulation and easing of regulations.

Published on: January 21, 2025, 05:03 PM UTC

Tesla stock plunged over 3% after Trump reversed Biden's pro-EV policies, eliminating electric vehicle tax credits and subsidies. Rivian and Lucid also saw declines, while GM and Ford gained. Despite the setback, Tesla CEO Elon Musk predicts long-term benefits for his company.

Published on: January 21, 2025, 05:02 PM UTC

US stocks climbed across the board on Tuesday as investors digested President Donald Trump's first wave of executive orders, including future tariffs on China and Mexico. The Dow Jones Industrial Average (^DJI) and the benchmark S&P 500 (^GSPC) rose around 0.5% and 0.4%, respectively, while the Nasdaq Composite (^IXIC) also climbed about 0.5%. The tech sector lagged as investors digested Trump's first policy moves, including future tariffs on Mexico and Canada. Netflix (NFLX) is expected to deliver strong results when it reports after the bell, while Charles Schwab (SCHW) reported a surge in earnings of nearly 50% due to increased trading activity. The US dollar (DX-Y.NYB) pulled back from a near two-year high on Monday following news that Trump held off from firing off a barrage of universal tariff hikes, with the currency recovering somewhat on Tuesday after Trump said he was considering 25% duties for Mexico and Canada starting Feb. 1.

Published on: January 21, 2025, 05:02 PM UTC

On President Donald Trump's second day in office, tackling the debt ceiling issue takes precedence. Despite his reluctance, he'll meet with congressional leaders to strategize maintaining US creditworthiness and addressing the $36 trillion debt. Experts caution about the potential market impact of a default if no action is taken.

Published on: January 21, 2025, 05:01 PM UTC

Oil prices fell after US President Donald Trump announced plans to expand domestic production and hinted at tariffs on Canada and Mexico, raising concerns about a trade war that could hurt economic growth and oil consumption.

Published on: January 21, 2025, 05:01 PM UTC

This week's FreightWaves Supply Chain Pricing Power Index remains at 40, favoring shippers. Tender volumes are recovering from seasonal lows, but spot rates remain elevated near 52-week highs. Tender rejection rates are holding above 7%, indicating capacity constraints. The dry van market is rebounding, while the reefer market remains tight. The flatbed market is stable, but rejection rates remain depressed.

Published on: January 21, 2025, 05:01 PM UTC

President Trump's first day in office saw a flurry of executive orders but the second day brings a more complex issue: the debt ceiling. Trump and congressional leaders will meet to discuss maintaining US creditworthiness and the ability to service the $36 trillion debt.

Published on: January 21, 2025, 05:00 PM UTC