The brokerage called the Trump administration’s tariffs “convoluted and virtually impossible to assess completely,” largely because of the semiconductor industry’s complex supply chain.
CNBC's prominent host, Jim Cramer, has voiced his displeasure over the prevailing tariff policies, terming it a 'manmade disaster' that has led to a downturn in the stock market.
On Monday, Deutsche Bank analyst Edison Yu upgraded Goodyear to 'Buy' from 'Hold,' setting a $13 price target — implying a 27% upside from the last close.
According to a Bloomberg report, the DOJ decision would allow the Federal Reserve and the Office of the Comptroller of the Currency to approve the deal.
On Thursday, the technology sector witnessed a major drop, with the Nasdaq closing 6% lower. This marked the most severe single-day decline for tech stocks in over five years.
Investors who might have heeded Eric Trump's advice and bought Bitcoin's (CRYPTO: BTC) dip have had little to rejoice, as the apex cryptocurrency has failed to chart a bullish reversal.
Cliff Asness, Chief Investment Officer at AQR Capital Management, criticized proponents of tariffs Thursday, challenging claims that tariffs lead to deflation rather than inflation.
