US stocks crash after Trump’s fresh China tariff threat; S&P 500 logs worst day since April
A monthslong calm on Wall Street was shattered Friday, and U.S. stocks tumbled after President Donald Trump threatened to crank tariffs much higher on China.
The S&P 500 sank 2.7 per cent in its worst day since April. The Dow Jones Industrial Average dropped 878 points, or 1.9 per cent, and the Nasdaq composite fell 3.6 per cent.
Read MoreMore than four million Aussies more likely to purchase cryptocurrency after new laws legislated, YouGov data shows
Millions of Australians are more likely to purchase cryptocurrency after the government legislates changes to regulate the volatile assets.
YouGov data shows more than four million Australians who do not own cryptocurrency are more likely to purchase the digital assets when they are regulated.
It comes as Labor has released draft laws for its digital currency legislation.
Read MoreDiscover Why Warren Buffett's Trusted Advisor Warns Against Diversification for Some
Key Takeaways
- In contrast to most financial advisors, Munger called wide diversification “protection against ignorance,” useful only when you don’t have conviction.
- Holding too many positions, he argued, can raise costs, blunt big winners, and still leave you exposed to market shocks.
US economy growing at fastest pace in nearly 2 years — and the White House has declared it ‘explosive growth’
More than ever these days,
Wall Street has worst day since April amid tariff threat
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NEW YORK (AP) — A monthslong calm on Wall Street shattered Friday, and U.S. stocks tumbled after President Donald Trump threatened to crank tariffs much higher on China.
The S&P 500 sank 2.7% in its worst day since April. The Dow Jones Industrial Average dropped 878 points,
» Read more about: Wall Street has worst day since April amid tariff threat »
Read MoreThe Burst
The Monopoly Behind AI Chips
If you want to understand the real bottleneck in semiconductors, it isn’t wafers, fabs, or even chip designers like Nvidia. It’s the machines that etch impossibly small patterns onto silicon. And in that game, there’s just one winner, ASML.
ASML isn’t just another chip equipment supplier. It has something no one else on Earth can build,
» Read more about: The Monopoly Behind AI Chips »
Read MoreThe Ivy
Why Bitcoin’s Path to $1 Million May Be More Realistic Than You Think
With a market cap north of $2.2 trillion, more than half the value of every cryptocurrency combined, Bitcoin is a financial phenomenon.
But one of its most outspoken champions, Strategy co-founder Michael Saylor, doesn’t think Bitcoin’s story has even started. In fact, his latest forecast makes today’s price tag look like pocket change.
» Read more about: Why Bitcoin’s Path to $1 Million May Be More Realistic Than You Think »
Read MoreThe Spotlight
Why This Schwab ETF Is a Favorite Among Retirees
For retirees or anyone focused more on stability than swing-for-the-fences growth, the S&P 500 isn’t always the most comforting choice. It’s heavily weighted toward large-cap tech names, and when those names fall out of favor, the whole index can wobble.
That’s why many investors approaching retirement gravitate toward dividend-focused funds. And one ETF in particular has emerged as a go-to is the Schwab U.S.
» Read more about: Why This Schwab ETF Is a Favorite Among Retirees »