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Showing posts with the label trump tariffs

Nvidia (NVDA) Stock Gets Downgrade: Heres What Experts Are Saying

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The US stock market was dealt a massive blow by the presence of US President Donald Trump’s Liberation Day tariff plan. Indeed, the Dow Jones fell more than 1,000 points for two consecutive days as things got dire. Among the struggling firms was Nvidia (NVDA), whose stock got a rare downgrade from concerned experts. The tech giant was among the biggest winners in the stock market in 2024. Over the course of the last year, it jumped more than 170%. However, things changed drastically this year, with geopolitical concerns and economic frailty hindering its ability to find its footing. Now, all eyes are on its outlook, with Wall Street getting increasingly bearish on the stock. Source: Investopedia Also Read: Jim Cramer Calls Nvidia (NVDA) Stock a “Meme Stock”: Is It? Nvidia Gets a Downgrade, and Its Problems May Be More Than Trump’s Tariffs When rumors started swirling of the Trump administration’s bevy of reciprocal tariffs, the stock market was always going to be hit t...

Crypto Crash Deepens As Trump Tariffs On Canada, Mexico And China Ignite Trade War

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The crypto crash deepened after US President Donald Trump slapped swingeing trade tariffs on Mexico, Canada and China. The crypto market slumped more than 10% overall in the past 24 hours, with market leaders Bitcoin (BTC) and Ethereum (ETH) both suffering heavy losses. Bitcoin plunged more than 6% to trade below the psychological $100K level at $94,035.62 as of 2:06 a.m. EST. The largest altcoin by market cap, ETH, plummeted over 19% to trade at $2,498.05.  The rest of the top 10 largest cryptos all suffered 24-hour losses as well. Cardano (ADA) took the largest blow in the top 10 list after its price plummeted more than 23%. SPX6900 (SPX) was the biggest loser overall among major cryptos by market cap following its 28% implosion. The meme coin sector plummeted 18.2% to a market cap of $75 billion, according to CoinGecko, with Dogwifhat (WIF) the biggest loser among the top 10 meme coins with a 26.6% loss. Trump Starts Trade War With Long-Threatened Tariffs, Triggering Cry...