The markets are in turmoil as the S&P 500 faces its worst weekly loss since the Silicon Valley Bank crisis, fueled by President Trump’s tariff policy causing volatility. Economic alarm bells are ringing as job growth remains strong but fears of a downturn persist. Trump’s tariff moves continue to escalate tensions, with a partial reprieve for Mexico and Canada failing to calm markets. The M&A industry is experiencing a deal drought amid uncertainty, while StubHub considers an IPO despite market conditions. The Magnificent Seven tech stocks are in correction territory, with Meta being the only one still showing positive gains for the year.
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Trump’s Tariffs Could Help Tesla, by Hurting Its Rivals More
President Trump's new tariffs on Chinese goods and threats of a trade war with Mexico and Canada have potential implications for Tesla, as the electric car maker is less vulnerable due to self-sufficient supply chains in the US and China. While Tesla's competitors may suffer more from the tariffs, the company remains at risk if relations with China deteriorate. The trade war and Trump's policies could impact Tesla's sales in China and Europe, although its...
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