Trump, Stocks and Tariff
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Dan Scavino sold off at least $1 million in Truth Social stock on April 1, while Sergio Gor sold at least $15,000 a few days earlier.
Wall Street looked to keep momentum from a tech-fueled rally that saw Nvidia leap to become the world's first $4 trillion public company.
A couple deals with major trading partners could mean the effective tariff rate rises from 16% to 18% versus 21% scenario, according to Pingle.Nadia Lovell, senior U.S. equity strategist for UBS Global Wealth Management,
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."
Tesla stock fell almost 7% in premarket trading on Monday after Musk announced a new political party.Tesla investors are frustrated with his political involvement, wrote analyst Dan Ives.Musk's feud with Trump makes investors worry about Tesla's future,
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These days, Tesla investors would probably like to be thinking about EV sales, robo-taxis, or anything else besides politics.
On July 10, Trump hailed the crypto market for hitting "through the roof." Bitcoin, which had for the first time surpassed the $112,000 mark the previous day, hit a new record high of $113,833.84 within a few hours.