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Markets turned sharply risk-off: S&P 500 fell ~2%, Nasdaq plunged nearly 3.5% and the Dow shed roughly 880 points as tariff fears and China export controls sparked a broad selloff. Volatility spiked, with tech and crypto the worst hit while energy and precious metals outperformed; investors fled to bonds and gold as traders reassessed growth and supply-chain risks.
President Trump ordered sweeping tariff hikes on Chinese imports, rekindling a full-blown trade confrontation. Markets and commodities reacted immediately as investors reassess supply chains and corporate exposure to China.
$770 billion – Market cap erased from tech megacaps after tariff and trade-scare rout.
Wall Street suffered a sharp selloff after tariff and geopolitical shocks, wiping out weeks of gains. Major indices plunged, forcing a broad risk-off move across equities and tech.
Leveraged crypto positions were liquidated in a cascade as tariff-related volatility hit risk assets. Ether and bitcoin saw steep intraday drops, amplifying digital-asset instability.
Kalshi raises $300M at $5B valuation — prediction markets go mainstream
Kalshi closed a $300M round valuing the event-trading platform at $5B, expanding global reach and signalling investor appetite for regulated prediction markets.
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The White House has begun large-scale layoffs of federal workers as the funding standoff drags on. The move escalates political pressure and raises economic risks for consumer spending and services.
The Trump administration struck a drug-pricing deal with AstraZeneca as part of a broader White House push to contain costs. The pact aims to lower U.S. list prices while reshaping pharma–trade bargaining.
Dye & Durham hits record low after credit downgrades
Shares plunged after S&P and Moody’s cut ratings, citing high leverage and weaker liquidity — a sharp marker of risk in real-estate software peers.
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China tightened export controls on rare earths, threatening global chip supply chains. Firms and governments are scrambling to map vulnerabilities and reroute sourcing for critical components.
Qualcomm faces fresh scrutiny from Chinese regulators, adding regulatory risk to cross-border M&A. The probe rattled investors already jittery about tech supply-chain politics.
U.S. announces new tariff hikes on Chinese goods and tighter export controls on critical software; China expanded rare-earth export curbs and imposed port fees on U.S.-linked ships, prompting reciprocal trade measures and fresh regulatory scrutiny of chip and defense supply chains.
Nvidia posted a new AI benchmark win even as exporters face fresh U.S. protectionist pressure. The chipmaker sits at the center of a technology race and trade-politics tug-of-war.
Rising AI data-center demand is forcing datacenters to seek large power supplies, reviving coal in some regions. Energy constraints are now a material input risk for AI infrastructure expansion.
“We are prepared to use tariffs and export controls to defend U.S. industry — nothing is off the table.”
— President Donald Trump
The collapse at First Brands is exposing hidden losses across private credit and lending syndicates. Investors worry the failure could reveal broader contagion in non-bank finance.
A massive explosion at a Tennessee explosives plant left many dead or missing and triggered a large rescue operation. The blast raises questions about industrial safety and supply-chain disruptions for defense contractors.
A U.S.-mediated ceasefire in Gaza has gone into effect, with troops and monitors moving to implement terms. Washington is deploying personnel to oversee the agreement, shifting regional military footprint.
The Nobel Peace Prize awarded to María Corina Machado has geopolitical ripple effects across Latin America. The award also triggered scrutiny of trading activity on prediction markets.
Travel-software firm Navan set a wide IPO range as the market for corporate travel tech heats up. The deal is one of several large Bay Area listings that could gauge investor appetite amid volatility.
Bond and Treasury markets are starting to price in shutdown-related economic damage. Traders are watching bill issuance, liquidity and potential Fed implications if fiscal disruption persists.
Morgan Stanley is broadening crypto access for wealth clients, marking a shift by big banks toward digital assets. The move could widen institutional adoption while raising compliance questions.
Logistics firms are warning U.S. customers about packages stuck in customs and potential disposal of imports due to new rules. The disruption is hitting retailers and cross-border e-commerce flows.
A powerful quake in the Drake Passage and subsequent tremors off South America triggered tsunami watches and global seismic alerts. The events disrupted shipping routes and prompted emergency agencies to monitor coastal risk.
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