Wall Street sell-off deepens as Trump threatens more tariffs on China over rare earth dispute
Fresh flare-up in trade tensions could weigh on global growth, cloud the outlook for corporate America
WALL Street’s main indexes fell sharply on Friday (Oct 10), after US President Donald Trump said he was weighing a “massive increase” in tariffs on Chinese imports over a rare earth dispute.
In a Truth Social post,
Connecticut governor warns a Mamdani win could rattle Wall Street
Connecticut Gov. Ned Lamont (D) is warning that New York City’s next mayor may rattle its financial ecosystem, which could have reverberations across state lines.
“New York City success is our success, especially when it comes to finance and Wall Street,” Lamont told Yahoo Finance’s Opening Bid.
His comments come amid growing investor chatter over the prospect of a win by Zohran Mamdani,
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Read MoreWall Street's calm breaks, and Dow drops 500 after Trump threatens more tariffs on China
A monthslong calm on Wall Street is breaking, and U.S. stocks are falling after President Donald Trump threatened to crank tariffs even higher on China
A trader looks at financial information on his computer on the floor at the New York Stock Exchange in New York,
Why Should Investors Pay Attention To This AI Powerhouse
Workiva built its name on simplifying complexity. Its platform acts as a connective layer between dozens of disconnected business tools, from Excel and SAP to cloud databases, bringing them together into one cohesive workspace.
Think of it as a control tower for enterprise reporting, where data flows seamlessly instead of being manually copied and pasted across spreadsheets and systems.
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Read MoreStocks stumble as Trump’s remarks on China reignite trade war fears
New York
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US stocks dropped lower Friday after President Donald Trump threatened to hike tariffs on imports from China, reigniting fears of a trade war that rocked global markets earlier this year.
The Dow was down 600 points, or 1.3%.
» Read more about: Stocks stumble as Trump’s remarks on China reignite trade war fears »
Read MoreThe Burst
This AI Darling Doubled Revenue, So Why Aren’t Profits Showing Up?
SoundHound AI has been one of the market’s more surprising winners in the AI boom. The conversational AI technology has found its way into restaurants, cars, healthcare systems, and even financial institutions.
Over the past year, the stock has soared nearly 3x as revenue growth has consistently blown past expectations.
But revenue growth alone doesn’t pay the bills and while analysts loves a good growth story,
» Read more about: This AI Darling Doubled Revenue, So Why Aren’t Profits Showing Up? »
Read MoreThe Ivy
Is Apple About to Bail Out Intel?
Big Tech seems to have rediscovered its appetite for Intel, a company that for years has looked more like a laggard than a leader. Billions of dollars are suddenly flowing its way, and the roster of backers is eye-catching.
In the past few weeks alone, the U.S. government committed just shy of $9 billion for roughly a 10% equity stake,
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Read MoreThe Spotlight
Buffett Would Love This Moat, Freeport’s Hidden Growth Engine
In the short run, tariff headlines can turn Mr. Market into a nervous wreck. In the long run, owners do fine by owning scarce, low-cost assets run by rational people. Freeport-McMoRan fits that bill.
U.S. copper prices sold off after Washington excluded refined copper from its new 50% tariffs and instead targeted semi-finished products like wire,
» Read more about: Buffett Would Love This Moat, Freeport’s Hidden Growth Engine »