Global markets tumbled after President Trump announced 10 percent tariffs on all U.S. trading partners except Canada and Mexico, with even higher tariffs on other main partners, causing futures on the S&P 500 to slump over 3 percent. Asian markets also fell sharply, with benchmark indexes dropping over 3 percent in Japan, and nearly 2 percent in Hong Kong and South Korea. The surprise scale of the tariffs has left analysts questioning the basis for the numbers and fearing a global recession due to the uncertainty and potential impact on the economy.
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If I Could Only Buy and Hold a Single Stock, This Would Be It.
Taiwan Semiconductor (NYSE: TSM) is highlighted as a top investment choice due to its status as the world's leading contract chip manufacturer, essential for nearly every industry. The company is positioned to potentially outperform the market over the long term, making it an ideal single-stock holding for investors. Explain It To Me Like I'm 5: Taiwan Semiconductor makes tiny parts called chips that help many different companies create their products, which is why it's a...
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