Author: Daniel Wilson
Chaotic Trump policy isn’t getting long-term investors down in the dumps yet. “No,” Dimensional Fund Advisors founder and chair David Booth said on Yahoo Finance’s Catalysts when asked if heightened market volatility this month is causing investors to panic (video above). “What we have are clients that are really long-term investors and frequently call up and say, look, let’s chat about you — you don’t need to talk to me. I know what you’re going to say. And you know, I’m in this for the long haul.” Booth — worth an estimated $2.4 billion — is out with a new…
Oil rallied on Friday after President Donald Trump threatened more sanctions against Russia if a peace deal with Ukraine was not reached. But futures were still down more than 3% for the week amid the expectation of a supply boost next month coupled with uncertainty over Trump’s tariff policy. On Friday West Texas Intermediate crude futures (CL=F) settled off their session highs to close just above $67 per barrel while Brent futures (BZ=F) settled above $70 per barrel. Futures jumped to session highs earlier on Friday after President Trump wrote on Truth Social, “Based on the fact that Russia is…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The initial market shock of Trump slapping new tariffs on Mexico and Canada led to the full erasure of the post-election Trump bump on Tuesday. Of course, it wasn’t without some drama that saw the S&P 500 (^GSPC) in the green at times before closing down 1.2%. The shifts of Tuesday’s stock charts staged their own dramatic reenactment, in miniature, of the uncertainty swirling around Trump’s decisions. But amid retaliatory tariffs and warnings from businesses about the squeeze…
US stocks plummeted on Monday afternoon, with selling accelerating in the last hour of trading after President Trump indicated there was “no room left” for tariff negotiations with Canada and Mexico, indicating that new levies against both countries will go into effect tomorrow. The S&P 500 (^GSPC) fell 1.7%, posting its worst day of 2025, while the tech-heavy Nasdaq Composite (^IXIC) dropped 2.6%. The Dow Jones Industrial Average (^DJI) fell nearly 650 points, or almost 1.5%, as the major US indexes came off a volatile week and a losing February. Tech led the sell-off, with shares of Nvidia (NVDA) tanking…
The markets sank back toward session lows on Thursday after President Trump announced that tariffs on goods and services from Mexico that fall under the US-Mexico-Canada trade agreement (USMCA) would be delayed until April 2. However, the president did not say the same about Canada. “After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement. This Agreement is until April 2nd,” Trump wrote on Truth Social. “I did this as an accommodation, and out of respect for, President Sheinbaum,” he added. SNP…
Donald Trump stood behind his ambitious tariff plans, lavished praise on Elon Musk’s controversial DOGE effort, vowed to end a Biden-era chips subsidy law, and pledged to look for rare earth minerals in the US during a 90-minute joint address to Congress Tuesday night. “It has been nothing but swift and unrelenting action,” Trump said of his early weeks in office, adding: “And we are just getting started.” It was a speech marked by culture war standoffs which saw one Democratic member removed from the chamber by the House sergeant at arms in a night that appears unlikely to calm…
Kroger (KR) is now at a crossroads: As CEO Rodney McMullen announced his resignation, same-store sale growth lagged behind competition, and its proposed merger with Albertsons fell through. On Monday before market open, the company announced McMullen would be stepping down immediately “following a Board investigation of his personal conduct that, while unrelated to the business, was inconsistent with Kroger’s Policy on Business Ethics.” Kroger family member and industry veteran Ron Sargent was named interim chairman and CEO. Analysts called the announcement surprising. “We thought Kroger would shake up leadership, following the failed merger with Albertson’s, but obviously this is…
St. Louis Fed president Alberto Musalem said Monday that he is closely watching longer-term inflation expectations and downside risks to growth as he argues for maintaining a “patient approach” to monetary policy. “I believe a patient policy approach now will help us as we seek maximum employment, price stability, and a durable economic expansion,” he said during a speech in Washington, D.C. Musalem’s comments come as President Donald Trump gears up to impose tariffs of as high as 25% on Mexico and Canada Tuesday, plus an additional 10% tariff on China. Musalem said the Fed could “look through” an increase…
Okta (OKTA) co-founder and CEO Todd McKinnon — a longtime competitive CrossFit athlete — said his latest earnings report out Monday definitely beats tossing wall balls. He makes a good point. “This is a blowout quarter,” McKinnon told me in a Yahoo Finance Opening Bid podcast exclusive (see video above). “It’s reflective of big deals in the quarter,” McKinnon said, pointing to a 25% surge in subscription backlog to more than $4 billion. New products represented 20% of total subscription bookings, its highest level ever, per McKinnon. Okta beat analyst estimates on sales, earnings, and initial 2025 profit guidance. Shares…
A rally in digital assets faded Monday despite new promises from Donald Trump about a US strategic reserve of cryptocurrencies. The president said Sunday in a social media post on Truth Social that such a reserve would include bitcoin (BTC), ether (ETH), XRP (XRP), solana (SOL), and cardano (ADA). He had not previously spelled out which digital assets would be included. The new disclosure sent the value of these digital assets soaring through Monday morning, reversing a slump that had taken hold in recent weeks and accelerated last week as bitcoin experienced its worst correction since a 2022 meltdown. By…