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On April 2, the president unveiled his touted tariff and trade policy. It featured a sweeping 10% global tariff, along with higher "reciprocal tariffs" on dozens of countries that were deemed to have adverse trade imbalances with America.
Wall Street's major indexes were lower on Friday as investors left technology for other sectors as Broadcom and Oracle fueled concerns about an AI-fueled bubble and rising U.S. Treasury yields added pressure after some policymakers spoke out against easing monetary policy.
Oracle's earnings showed mixed results, leading to an 11% drop. Broadcom's strong earnings overshadowed by warnings of margin pressures.
Being bigger gives you that competitive advantage.” At the same time, mergers are becoming simpler. A surge in interest rates, starting in 2022, left banks nursing vast paper losses on long-term assets,
President Trump attacked The Wall Street Journal on Thursday, blasting the outlet over its reporting suggesting China is beating the U.S. in the AI and energy race. “The Wall Street Journal
Wall Street falls as AI stocks face pressure; Broadcom, Oracle news shake tech sector. Get the latest market update and ETF insights.
Rivian impressed Wall Street with its plans for AI and automation, but significant challenges involving demand and capital remain for the EV maker.
Wall Street got the rate cut it wanted. But with the Federal Reserve set to take a more cautious approach to trimming interest rates in 2026, investors are now left to wrestle with other concerns that had been put on the back burner while Fed rate cuts were top of mind.