Trump, stocks and Tariff
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Scavino and two other top officials sold Trump Media stock with a combined value of up to $10 million before tariffs news
Markets had dismissed tariff risks under the assumption that Trump would follow an earlier pattern and back off, in what became known as the so-called TACO trade. That allowed stocks to reach new record-high territory recently, marking a stunning rebound from the collapse triggered by his “Liberation Day” reciprocal tariffs in April.
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Cryptopolitan on MSNDonald Trump Jr. bought 350,000 shares in Thumzup Media Corp. for over $4 millionDonald Trump Jr. has taken a $4.3 million leap into the crypto economy through a struggling social media startup called Thumzup Media Corp, based in Los Angeles, according to Bloomberg. On Wednesday,
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Tax incentives contained in the sweeping tax and budget bill Trump signed on July 4 could provide a fresh boost to AI chipmakers.
U.S. and European stock futures dipped in Asia on Friday after President Donald Trump stepped up tariff threats against Europe and Canada, restraining a broad rally in regional share markets. The dollar gained on the euro and the Canadian currency as Trump issued a letter late on Thursday that a 35% tariff rate on all imports from Canada would apply from August 1,
Tesla stock dropped early Friday in what has been a difficult week for investors. Not only was there another spat between President Donald Trump and CEO Elon Musk, investors need to consider what a battery supplier’s actions mean for any recovery in sales of electric vehicles.
In a wide-ranging interview with NBC News, Trump talked about tariffs, sending Patriot missiles to NATO for Ukraine and how he'll sell his recently passed "big, beautiful bill."
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Investor's Business Daily on MSNDow Jones Futures Fall As Trump Sets Canada Tariff After S&P 500 Hits High; CoreWeave DivesDow Jones futures fell modestly overnight, along with S&P 500 futures and Nasdaq futures, as President Donald Trump announced a 35% tariff on Canadian goods with new tariffs for the European Union soon.