Truist pointed to expectations of lower interest rates, slowing economic growth, and rising loan-loss provisions as key downside risks for the banking sector following President Trump’s sweeping trade tariffs announced earlier this week.
China’s tariffs target a broad swath of U.S. goods and came alongside other punitive measures, including an expanded “unreliable entities list” and an antitrust investigation into DuPont.
Dip-buying absent in early NY trading, Wall Street deep in red as trade war fears escalate despite strong jobs report. Investors on edge for hints from Fed Chair Powell.
Trump's reciprocal tariffs, which are set to take effect on April 9, envisage new 34% tariffs on imports from China, on top of the 20% tariffs announced already.
Citigroup remains bullish on AAPL stock; the company has plans to become a healthcare juggernaut, but in the short term regulatory concerns may weigh on revenue
Robinhood expands beyond trading, launching banking and wealth services to challenge legacy institutions and redefine its role in personal finance management.
Amazon is bouncing back after a 20% sell-off. Strong earnings, analyst support and bullish technicals suggest the next move could take it past all-time highs.
