Trump doubles planned tariffs on Canadian steel, aluminum to 50% as stock market keeps falling
By JOSH BOAK Associated Press
WASHINGTON (AP) — President Donald Trump says that he will double his planned tariffs on steel and aluminum from 25% to 50% for Canada, escalating a trade war with the United States’ northern neighbor.
Trump says the increase of the tariffs set to take effect on Wednesday is a response to the price increases that the provincial government of Ontario put on electricity sold to the United States.
Read MoreNo Pain, No Gain? Trump Adopts New Zen-Like Approach to Stock Market Swings
In President Donald Trump‘s first term, he often defined his presidency by the stock market’s performance, using it as a barometer of economic success. But as market volatility surges and investor concerns that the president’s policies are careening the economy toward a recession this time around, Trump is adopting a new stance—one that emphasizes long-term resilience over immediate gains.
» Read more about: No Pain, No Gain? Trump Adopts New Zen-Like Approach to Stock Market Swings »
Read MoreTesla (TSLA) Stock Can Rally 90% Higher, Says Morgan Stanley
Tesla (TSLA) stock has received a bullish new report from investment bank Morgan Stanley (MS).
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Adam Jonas, a top four-star rated analyst, is encouraging investors to grab TSLA stock in the midst of its current decline, saying a bottom might be insight.
» Read more about: Tesla (TSLA) Stock Can Rally 90% Higher, Says Morgan Stanley »
Read MoreElon Musk admits he’s running Tesla with ‘great difficulty’ as shares tank 54% since December—but says EV maker will be ‘fine’ long term
5 Stocks Buffett Is Buying and 2 He’s Dumping
In Q4 of last year, Warren Buffett made a few significant changes to the Berkshire Hathaway portfolio. The investing legend sat on the sidelines through much of 2024, with most of his activity accounted for by selling stocks into a high-priced market and consolidating his company’s assets in cash.
With Buffett and his investing team seemingly jumping back into action late last year,
» Read more about: 5 Stocks Buffett Is Buying and 2 He’s Dumping »
Read MoreThe Burst
$2 Billion Fund Bets It All On 5 Stocks
You probably haven’t heard of Himalaya Capital Management. It’s a Seattle, Washington-based firm that has approximately $2 billion in assets under management. Now put yourself in the shoes of the investment team for a moment: how would you invest that chunk of change?
Most investors would spread the money around a bit but the Himalaya team has chosen to embrace the philosophy that if you have conviction in your investment themes,
» Read more about: $2 Billion Fund Bets It All On 5 Stocks »
Read MoreThe Ivy
Market Commentary: 1 Alaskan Stock About To Take Off
Who would be in the airline business? Not even Warren Buffett, who thought he had engineered a near foolproof strategy for investing in airlines, is exposed to the turbulence these days.
Back in 2020 he held a position that seemed ingenious. As a student of history he had learned that the risks posed to any given airline were massive.
» Read more about: Market Commentary: 1 Alaskan Stock About To Take Off »
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