Joel Naroff: The negative effects of the trade war, inflation and stagflation are taking hold in U.S.
President Donald Trump has said that tariff is the most beautiful word in the English language. Well, as roses have thorns, it is now clear that significant negative economic impacts will likely be attached to his beautiful word.
For economists, one of the ugliest words is what the president’s policies threaten: Stagflation.
Read MoreCathie Wood Sees Deflationary Boom Fueled By Productivity And Technology—Solaxy Brings The Same To Solana
Trump’s Reciprocal Tariffs: What it means for NRIs investing in Indian property
US President Donald Trump recently criticized India’s high tariffs, warning of a potential US retaliation. In a sharp statement, Trump asserted that the existing trade system is unfair to the US, and vowed to introduce reciprocal tariffs to counteract what he perceives as protectionist policies by other nations, including India. While much of the discussion has focused on trade and manufacturing,
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Read More4 reasons why Tesla's 53% stock crash is accelerating today
- Tesla stock is barreling towards an eighth straight weekly drop, falling another 7% on Tuesday.
- Shares have now plummeted 53% from record highs reached in mid-December.
- There were two new reasons for continued Tesla selling, and two evergreen issues weighing on shares.
Tesla investors are having another rocky day,
» Read more about: 4 reasons why Tesla's 53% stock crash is accelerating today »
Read MoreThe Burst
Buffett Stock Set For Monster Comeback?
It’s been a brutal year for RH, better known to most as Restoration Hardware, a stock Buffett holds in his Berkshire Hathaway portfolio. The bear market has wiped out more than half of its value this year. At last count, it was down 53%.
Even the best stocks get taken out to the woodshed and chopped in a bear market.
» Read more about: Buffett Stock Set For Monster Comeback? »
Read MoreThe Ivy
Market Commentary: Is Musk Making a Massive Mistake?
Tesla reported record profits and production in the second quarter of 2023, but its stock price fell 11%. The company’s revenue increased 47% year-over-year to almost $25 billion, and delivered just shy of 900,000 vehicles. However, Tesla’s gross margin fell by almost 7% points from 25% in the previous quarter, due to price cuts.
Tesla CEO Elon Musk said that the company is “
» Read more about: Market Commentary: Is Musk Making a Massive Mistake? »
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