Trump says he'll place 25% tariff on autos from the EU, accusing it of not complying with trade deal
WASHINGTON (AP) — President Donald Trump said on Friday that he will increase the tariffs charged on cars and trucks from the European Union next week to 25%, a move that could jolt the world economy at a fragile moment.
Trump said in a social media post that the EU “is not complying with our fully agreed to Trade Deal,” though he did not flesh out his objections in the post.
Read MoreWhy Iradimed Stock Topped the Market Today
Mechanical resonance imaging (MRI) equipment specialist Iradimed (IRMD +3.87%) ended the stock trading week in style on Friday. On the back of a well-received quarterly earnings report, investors traded the company’s shares up by more than 4%. That was robust enough to trounce the 0.3% gain of the bellwether S&P 500 index that trading session.
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Read MoreS&P 500 logs best month since 2020 despite Iran oil shock
Wall Street closed out its strongest month in more than five years on Thursday, with the S&P 500 climbing 1% to a record close of 7,209.01 as earnings from Google and Caterpillar pushed stocks higher for a fourth consecutive week.
The S&P 500 gained 10.4% in April, its best monthly performance since November 2020.
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Read MoreStock Market Today, May 1: Rivian Falls After Investors Focus on Cash Burn Despite Beating Q1 Expectations
Rivian Automotive (NASDAQ:RIVN), which develops and sells electric pickup trucks and SUVs, closed Friday at $15.02, down 8.41%. The stock moved lower as investors reacted to Q1 results. The company updated R2 production and funding plans, but concerns continue about cash burn and EV demand. Investors will closely watch execution of the R2 ramp and Rivian’s autonomous driving initiatives.
Read MoreCalifornia economy vs. Trump: What GDP tells us
California’s economy, as measured by gross domestic product, did surprisingly well in the first year of the second Trump administration.My trusty spreadsheet looked at the Bureau of Economic Analysis’ tally of business output growth for the states and found that California’s GDP was up 2.4% for 2025.
That was the 11th-best performance among the states and topped the 2% expansion of the national economy.
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Read MoreThe Burst
Why Warren Buffett Loaded Up on Heico
Berkshire Hathaway quietly raised its stake in Heico by over 11% last quarter, bringing its total position to about 1.3 million shares. That move turned heads because Heico isn’t a typical Buffett pick. It’s not cheap by traditional value metrics, and it doesn’t sell iconic brands like Coca-Cola or Geico.
So why did Berkshire,
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Read MoreThe Ivy
1 Infrastructure Specialist That’s Suddenly on Sale
Once investors saw how fast CoreWeave revenues were accelerating, hesitation disappeared. Shares didn’t just climb, they exploded, rising more than 4x in a matter of weeks.
That kind of surge rarely lasts forever, and over the past month CoreWeave has given back roughly 35%. The pullback has left investors wondering whether something fundamental has changed or whether this is simply the kind of temporary reset that follows massive gains.
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Read MoreThe Spotlight
Why Roblox Stock Has Doubled & Might Just Be Getting Started
If you blinked, you might have missed it, Roblox (NYSE: RBLX) has turned into one of the hottest stocks of 2025.
Up over 2x year-to-date, the company’s market cap has surged past $80 billion, stunning many who once dismissed the platform as a pandemic fad. But here’s the best part, there’s reason to believe Roblox is only just getting warmed up.
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