Since President Donald Trump took office in January, technology stocks have plummeted over 7% due to new tariffs sparking a trade war and increasing risk-off sentiment on Wall Street. Concerns about inflation and global shockwaves have led investors to sell off winning stocks, particularly in the S&P 500 technology sector, which fell 1% on Tuesday and is now down 7.7% since Trump’s inauguration. Leading companies like Apple and Nvidia could face higher manufacturing costs as a result of the tariffs, with Nvidia experiencing a nearly 9% drop on Monday and a total 16% decline since Trump’s presidency began.
Full Article
Small business not convinced there’s much in Budget for them but see bigger picture
Scott Jones, owner of Diabolik bookstore in Mount Hawthorn, expressed disappointment with the State Budget, noting no changes in payroll tax or energy credits, and feeling it offered little support for small businesses. He acknowledged potential benefits from broader investments in housing and health but emphasized the increasing challenges of running his retail business amid rising expenses and longer working hours. Need More Context? 🔎
Read more