Nominally, retail sales increased 1.4% in March. Since consumer prices declined -0.1%, real retail sales increased by 1.5%. Even more telling, ex-auto retail sales rose 0.5% nominally and 0.6% in real terms.
The Nasdaq 100 Index remains under pressure after forming a death cross pattern a few weeks ago. It has retreated to $18,257, down by over 17.8% from its highest point this year.
Roger Dassen, CFO of ASML, acknowledged the contradiction between U.S. policies encouraging domestic chip manufacturing and imposing tariffs on essential tools, noting that the government is reviewing this issue as it complicates the industry's growth strategy.
Overall, the IT index has fallen 24% year-to-date (YTD). The global macro uncertainty driven by US President Trump's tariff measures weighs heavily on the sector.
In a groundbreaking move, California has launched a lawsuit against President Donald Trump, seeking to put an end to his extensive tariff regime, which the state feels is being illegally implemented.
The Elliott Wave analysis for the VanEck Gold Miners ETF (GDX) shows a strong bullish trend since December 30, 2024. This rally forms a “nesting impulse” pattern with smaller waves building into an extended third wave.
The company said the Nasdaq Hearings Panel had determined that Aspira had not complied with a listing rule that required it to maintain a minimum of $2.5 million in stockholders' equity.
Ethereum remains in the final phase of the ABC correction, where wave C is developing into sub-wave (4). It is progressing toward sub-wave (5), likely to complete within the $1,230–$1,250 range.
Bhutan is contemplating the use of its hydropower resources for Bitcoin (CRYPTO: BTC) mining to stimulate its economy without compromising its environmental goals.
Former Meta COO Sheryl Sandberg testified in an antitrust trial, revealing efforts to block ads from competitors like Google Plus and KakaoTalk, while Mark Zuckerberg acknowledged TikTok's dominance over Facebook and Instagram.
Johnson & Johnson and Albertsons Companies' stock have provided a pleasant hedge against market volatility, with the S&P 500 and Nasdaq remaining near correction territory.
The U.S. has raised import tariffs on Chinese goods to a whopping 245%, effectively shutting off the market for Chinese sellers exporting through Temu and Shein.
