A Google stock panic, Microsoft vs. Amazon, and Jamie Dimon on tariffs: Markets news roundup
Plus, Trump talks tough on Canada — while importing more cars, lumber, and oil
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Google (GOOGL) stock slid 7% on Wednesday after Apple’s (AAPL) head of services, Eddy Cue, dropped a bombshell during antitrust testimony: Safari search volume had declined in April for the first time in over two decades.
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JPMorgan Chase (JPM) CEO Jamie Dimon had some critical words for President Donald Trump’s tariffs — but he said he also understands the intent behind them.
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On Tuesday morning, President Donald Trump dismissed the value of U.S.-Canada trade in a Truth Social post, specifically declaring that the United States doesn’t need Canadian cars, energy, or lumber.
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In a stark warning, billionaire hedge fund manager Paul Tudor Jones said that even a partial retreat by President Donald Trump on his aggressive tariff policies won’t be enough to spare the stock market from deeper losses.
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The Trump administration is restarting collections on defaulted federal student loans beginning Monday, May 5, targeting more than five million borrowers who haven’t made payments in months — or, in some cases, years.
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The U.S. trade deficit widened more than expected in March, rising to $140.5 billion — a 14% jump from February’s revised $123.2 billion, according to new data released Tuesday by the Census Bureau and Bureau of Economic Analysis.
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With almost $10 trillion in combined market cap across Microsoft (MSFT), Amazon (AMZN), Apple (AAPL), and Meta (META), last week’s Big Tech earnings weren’t just dry corporate updates. They were market-moving events.
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Palantir (PLTR) reported strong first-quarter results after the close on Monday, showcasing rapid growth across its U.S. operations — but that wasn’t enough to satisfy Wall Street. Shares of the AI and data analytics software provider dropped as much as 15% on Tuesday, a sharp slide for a stock that’s risen almost 1,000% in the last 5 years.
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The Trump administration restarted collections on defaulted federal student loans this month, targeting more than five million borrowers who haven’t made payments in months — or, in some cases, years.