President Trump’s return to the White House has resulted in a quick decline in the momentum of popular “Trump trades”, while Chinese and European stocks, previously struggling post-election, are now surging ahead. Within less than a month, the landscape of global markets has shifted significantly, with Trump’s impact being felt in both positive and negative ways. This rapid change highlights the volatility and unpredictability of the financial markets in response to political events.
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Why Alphabet Stock Flopped on Friday
Alphabet (NASDAQ: GOOG, GOOGL) shares dropped nearly 4% at the end of the trading week, significantly underperforming the S&P 500's 0.2% decline, following the European Union's ruling that the company must pay a €4.1 billion ($4.7 billion) fine for limiting search engine competition through its Android system. Alphabet is currently appealing this fine, which stems from a 2018 decision. Explain It To Me Like I'm 5: Alphabet, the company that owns Google, lost money because...
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