US Stock Futures Drop as Trump Implements Tariffs
U.S. stock futures are tanking after the Trump administration imposed tariffs on goods from Mexico, Canada, and China that are due to take effect Tuesday.
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Crypto Daybook Americas: The Sea of Red May Not Ebb as Fast as Expected
Your day-ahead look for Feb. 3, 2025
Crypto Daybook Americas: The Sea of Red May Not Ebb as Fast as Expected
Your day-ahead look for Feb. 3, 2025
Peter Schiff mocks Bitcoin’s 7% drop — ‘Punxsutawney Phil was right’
Peter Schiff mocks Bitcoin’s 7% drop, comparing it to Punxsutawney Phil’s winter prediction. He calls it a "crypto winter" as markets tumble.
THORChain to Issue Equity Tokens to Battle $200M Debt After Pausing Bitcoin, Ether Lending
TCY tokens will be distributed at a rate of 1 TCY per dollar of defaulted debt, turning lenders and savers into equity holders.
Goldman Sachs flags up to 3% hit to its S&P 500 earnings forecasts from Trump's tariffs
Trump imposed hefty new tariffs of 25% over the weekend on imports from Mexico and Canada and 10% against China, saying this could cause "short-term" pain for Americans. "These announcements have come as a shock to many investors who expected tariffs would only be imposed if trade negotiations failed," the Wall Street brokerage said in a note dated Feb. 2. Goldman Sachs estimates that every 5-percentage-point increase in the tariff rate would lower the S&P 500's earnings per share by roughly 1% to 2%.
Global hedge funds dump everything but real estate stocks, says Goldman Sachs
Hedge funds last week jettisoned global stocks and added bets they would decline, said Goldman Sachs, just before U.S. President Trump announced tariffs that sent global markets tumbling.