Walmart says tariffs are an opportunity to gain market share
  • April 9, 2025

Walmart says tariffs are an opportunity to gain market share

(Bloomberg) -- Walmart Inc. executives are confident that the world’s largest retailer will reach its financial targets this year, despite tariff turbulence that’s sparking uncertainty in the world economy. On Wednesday, Walmart said that it still sees net sales growing 3% to 4% this year. That forecast accounts for tariffs, unlike its previous outlook from February. The company, which has historically performed well in economic downturns, plans to keep prices low. This means it could take a sho

PIMCO's Ivascyn says US bond market selloff has been orderly
  • April 9, 2025

PIMCO's Ivascyn says US bond market selloff has been orderly

NEW YORK (Reuters) -A sharp selloff in U.S. Treasuries this week has remained orderly despite continued uncertainty stemming from the U.S. administration's trade policies, said Dan Ivascyn, group chief investment officer at U.S. bond giant PIMCO on Wednesday. "You can't think of much worse of a scenario for ... direct lending to more economically sensitive borrowers than a stagflationary shock leading to a very high probability of recession in a world of disruption and significant global friction," Ivascyn said.

Why Is Nvidia (NVDA) Stock Rocketing Higher Today
  • April 9, 2025

Why Is Nvidia (NVDA) Stock Rocketing Higher Today

Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) jumped 15.7% in the afternoon session after markets rallied sharply on news that President Trump announced a 90-day tariff pause. Reciprocal tariffs were also dropped to 10% for most countries, sparking renewed optimism amid ongoing trade talks. The major stock indices rose as investors, growing impatient of seemingly irrational tariff actions, welcomed the pause as a sign of a more measured path forward.

Why Lyft (LYFT) Stock Is Trading Up Today
  • April 9, 2025

Why Lyft (LYFT) Stock Is Trading Up Today

Shares of ride sharing service Lyft (NASDAQ: LYFT) jumped 5.6% in the afternoon session after markets rallied sharply on news that President Trump announced a 90-day tariff pause. Reciprocal tariffs were also dropped to 10% for most countries, sparking renewed optimism amid ongoing trade talks. The major stock indices rose as investors, growing impatient of seemingly irrational tariff actions, welcomed the pause as a sign of a more measured path forward.

Joseph Rallo's EF Hutton returns to Wall Street
  • April 9, 2025

Joseph Rallo's EF Hutton returns to Wall Street

It will be led by CEO Joseph Rallo, who, along with former business partner David Boral, had previously resurrected the brand in 2021. Rallo and Boral positioned EF Hutton at the center of Wall Street's special purpose acquisition company boom. One of EF Hutton's most famous deals was leading the IPO of Digital World Acquisition, the SPAC that went on to sign a $1.25 billion merger with Trump Media & Technology Group in 2021.

Apple (AAPL) Stock Trades Up, Here Is Why
  • April 9, 2025

Apple (AAPL) Stock Trades Up, Here Is Why

Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) jumped 9% in the afternoon session after markets rallied sharply on news that President Trump announced a 90-day tariff pause. Reciprocal tariffs were also dropped to 10% for most countries, sparking renewed optimism amid ongoing trade talks. The major stock indices rose as investors, growing impatient of seemingly irrational tariff actions, welcomed the pause as a sign of a more measured path forward.

Why Is Macy's (M) Stock Rocketing Higher Today
  • April 9, 2025

Why Is Macy's (M) Stock Rocketing Higher Today

Shares of department store chain Macy’s (NYSE:M) jumped 17% in the afternoon session after markets rallied sharply on news that President Trump announced a 90-day tariff pause. Reciprocal tariffs were also dropped to 10% for most countries, sparking renewed optimism amid ongoing trade talks. The major stock indices rose as investors, growing impatient of seemingly irrational tariff actions, welcomed the pause as a sign of a more measured path forward.