Trump’s trade war is bruising Apple — and your 401(k)
CNN
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President Donald Trump’s swipes at Apple aren’t just bruising the company’s bottom line — they may also be taking a bite out of your 401(k).
The president’s chaotic trade war continues to threaten Apple’s business model, which relies extensively on international supply chains.
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Read MoreBig Tech stocks pare gains as uncertainty looms over Trump tariffs despite court ruling
Big Tech stocks pared gains after a brief spike Thursday morning following a US trade court ruling Wednesday that the vast majority of Trump’s global tariffs are illegal.
Apple (AAPL) and Google (GOOG) dipped 0.2% to end Thursday’s trading session.
Read MoreInvesting for Passive Income: The Power of Dividend Stocks
There are a multitude of ways to make passive income through investing. You can buy a rental property, invest in fixed-income instruments like bonds, sell options like covered calls, or buy dividend stocks. Each method has its benefits and drawbacks, including the level of investment and activity required to generate passive income and the risk profile.
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Read MoreUS Stock Markets Highlights: Dow Jones sees two stocks at 52-week high, Nasdaq sees two stocks at 52-week high and one at 52-week low, S&P 500 sees thirteen stocks at 52-week …
Advancers vs. Decliners ratio:
- Dow Jones: 15 advancers, 15 decliners, 0 unchanged.
- Nasdaq: 13 advancers, 25 decliners, 0 unchanged.
- S&P 500: 179 advancers, 177 decliners, 0 unchanged.
Analysis of stocks hitting 52-week highs versus 52-week lows:
- Dow Jones: 2 stocks at 52-week high,
Trump imposes new travel ban, speaks to Chinese president about trade war
President Trump’s new proclamation barring travelers and immigrants from a dozen countries and restricting the entry of nationals of another seven nations takes effect on Thursday. The president said the new travel ban is a matter of national security. President Trump also spoke to Chinese President Xi Jinping on Thursday about the ongoing trade war.
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Read MoreThe Burst
Top Market Guru Says Sell Stocks
In 2022, stock markets worldwide had a particularly bad start. The S&P500 fell more than 9% during January, albeit making something of a comeback. The index regained 11% from its local low but was still down 8% for the year when JPMorgan’s top-ranked strategist, Marko Kolanovic, advocated that investors move some money from stocks to bonds in response to ongoing concerns.
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Read MoreThe Ivy
Alert: Forget Tesla, Buy Ferrari
Investment Alert: Buy RACE Under $250/share
Disclaimer: Investment Alerts have a medium to long-term time horizon. These do not constitute financial advice and you should contact a financial advisor before deciding whether it is appropriate for your individual circumstances.
At his recent “Woodstock for Capitalists” event,
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