Stocks rebounded over the past week as President Trump eased investor concerns about escalating trade tensions with China.
The S&P 500 rose 4.5%, the Dow Jones Industrial Average popped 2.5%, and the Nasdaq Composite led the gains with a 6.6% jump.
Still, gold is beating the S&P 500 by 32.6 points so far this yearāhigher than its 2020 record of 26 points.
US tariffs have doubled the cost of some TEMU items. China quietly rolled back tariffs on some US semiconductors and pharmaceuticals.
Domestic air travel demand is weakening, forcing major carriers to cut fares and trim capacity growth plans after summer. Meanwhile, air travel tourism in the US was down 10% last month compared to the previous year.
And this is shaping up to be a big week for all markets:
180 of the S&P 500 companies are set to share earnings reports. Weāll will also see new CB Consumer Confidence data, JOLTs Job data, and Q1 GDP data for the US.
Weāll be covering them all throughout the week.
Apple just secretly added Starlink satellite support to iPhones through iOS 18.3.
One of the biggest potential winners? Mode Mobile.
Modeās EarnPhone already reaches +45M users that have earned over $325M, and thatās before global satellite coverage. With SpaceX eliminating "dead zones" worldwide, Mode's earning technology can now reach billions more.
Mode is now gearing up for a possible Nasdaq listing (ticker: MODE) but you can still invest in their pre-IPO offering at $0.26/share before their share price changes.
*An intent to IPO is no guarantee that an actual IPO will occur. Please read the offering circular and related risks at invest.modemobile.com.
*The Deloitte rankings are based on submitted applications and public company database research.
We want to hear your take. Whatās going to happen with the āTariff Warā between now and 2028?
By 2028, the United States' Tariff Rates will be... |
American Giant CEO Bayard Winthrop said tariffs have boosted demand for US-made clothing as some items with sites like Temu are more than doubling.
TikTok announced plans to launch the TikTok Shop in Japan in a few months. The USās deal to buy the social media platform still stands.
PayPal partnered with Coinbase and announced a 3.7% annual rewards program for holders of its PYUSD stablecoin. It can be difficult to establish yourself in the stablecoin market, but if anyone can, itās PayPal.
Arctic Cat was sold to former executive Brad Darling after announcing 385 layoffs at its Minnesota plant. Darling has stated he plans to keep the company running strong.
3 XRP ETFs are set to go live on April 30 in the US.
BlackRock purchased $54 million worth of ETH.
Michael Saylorās MicroStrategy bought 15,355 more BTC, bringing its total to 553,555 $BTC worth $37.9B.
Nike is reported to be facing a proposed class-action lawsuit over its failed NFT venture RTFKT.
Bitwise registered for the first US NEAR Protocol ETF.
US spot Bitcoin ETFs attracted $3 billion in weekly inflows, their second-highest week ever.
Californiaās GDP rose to $4.1 trillion, leapfrogging Japan to become the worldās fourth-largest economy. California is also larger than Japan by land mass.
Millennials are offering recession survival tips to Gen Z, warning about job scarcity and advising drastic spending cuts.
š»š¦ An estimated 250,000 mourners viewed the body of Pope Francis during the three-day public viewing that concluded Friday evening at St. Peter's Basilica.
š©šŖ Thousands of protesters from the populist Together for Germany alliance rallied across German cities, facing large counter-demonstrations.
š¾šŖ š®š± The Israeli military intercepted a supersonic missile fired by Yemen's Houthi militia targeting an airbase in the Negev desert.
šØš¦ A vehicle crashed into Vancouver's Filipino Lapu Lapu festival crowd, killing eleven people.
āGrifters gonna grift.ā
A Massachusetts manās home was riddled with holes after a rogue woodpecker mistook his siding for a buffet.
A Titanic survivorās eerily prophetic letter sold for $399,000 at auction.
A British coupleās backyard Wollemi pine, a so-called ādinosaur tree,ā bore fruit for the first time after 15 years.
Thatās all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Brandon with Stefan & Wyatt
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