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#finance

537 posts84 participants93 posts today
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unusual_whales

The Newsom administration is worried that California's almond industry, a major agricultural exporter, will lose billions of dollars as nations like China, India and the European Union move to impose retaliatory tariffs.

Read: t.co/z0bHljBTWC

Unusual Whales - News · California to ask countries to exempt it from any retaliatory tariffs on the USCalifornia Governor Gavin Newsom is set to announce on Friday afternoon that the state will begin forming “strategic” partnerships with countries imposing retaliatory tariffs against the U.S., in hopes of shielding California-made products from the impact, Fox News Digital has learned. According to sources within Newsom’s administration, the move is a direct response to President Donald Trump’s sweeping "Liberation Day" tariff announcement, which imposes a flat 10% tariff on all imported goods,
#news#finance#economics
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unusual_whales

As power hour approaches, here are the circuit breaker levels for today on S&P 500 $SPX $SPX:

Level 1: 5018.76
Level 2: 4694.97
Level 3: 4317.21

We are currently at 5080, -5.33% (!) nearly there.

If a Level 1/2 circuit breaker happens after 3:25 EST, trading is not halted.

#news#finance#economics
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unusual_whales

He has previously said he wasn't watching the stock market.

Read more: t.co/wofBFcTJa5

Unusual Whales - News · Trump posted this video on Truth Social: "Trump is purposely crashing the stock market"U.S. stocks took a major hit Friday after China hit back at President Donald Trump’s tariffs, escalating a tit-for-tat trade war that’s rattling global markets. The Dow plunged over 1,600 points, down roughly 4%. The S&P 500 dropped 4.7%, and the Nasdaq was slammed hardest, down 5.3%. Wall Street had already been on edge over the trade war possibly tipping the U.S. and global economies into a recession. Analysts at JPMorgan warned Thursday that there was now a 60% chance of a recession both at
#news#finance#economics
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