Newsmax stock collapses, down 77 percent.

Shares of conservative news channel Newsmax plunged more than 70% on Wednesday as its meteoric rise as a new public company proved to be short-lived. The stock tumbled a whopping 77.5%, following a 2,230% surge in Newsmax’s first two days of trading after debuting on the New York Stock Exchange. At one point, the rally …

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U.S. launches sweeping tariffs: Vietnam 46%, China 34%, Taiwan 32%, Japan 24%, EU 20%, UK 10%… Stock market futures collapse -2% in 45 seconds

https://twitter.com/Mayhem4Markets/status/1907530833751118202 Trump pulled out this chart and its over. pic.twitter.com/r0gGCe6wWp — TT3 (@TradingThomas3) April 2, 2025 #Trump is announcing his #reciprocal #tariffs on other countries. If you don't understand WHY he thinks this right thing to do, the chart below sums up the unfair trade relationship with our partners. pic.twitter.com/GD1AeSrkMQ — Lance Roberts (@LanceRoberts) April …

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Elon Musk dramatically steps down from DOGE in shock move after Trump expressed private doubts

President Donald Trump has told his inner circle, including members of his Cabinet, that Elon Musk will be stepping back in the coming weeks from his current role as governing partner, ubiquitous cheerleader and Washington hatchet man. The president remains pleased with Musk and his Department of Government Efficiency initiative but both men have decided …

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Mitch McConnell, Collins, Murkowski and Rand Paul to vote with Democrats to end tariffs on Canada.

Sen. Mitch McConnell privately indicated to Sen. Tim Kaine he would back the Virginia Democrat’s resolution to undo President Donald Trump’s Canada tariffs. Kaine told reporters Wednesday that the former GOP leader told him the day before that he would back Kaine’s resolution, which will get a vote on the Senate floor Wednesday evening. A spokesperson confirmed Kaine’s remarks. …

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TRUMP CONSIDERS IRAN’S OFFER FOR INDIRECT NUCLEAR TALKS—MILITARY OPTIONS STILL ON THE TABLE

🚨🇺🇸TRUMP CONSIDERS IRAN’S OFFER FOR INDIRECT NUCLEAR TALKS—MILITARY OPTIONS STILL ON THE TABLE The White House is seriously weighing Iran’s proposal for indirect nuclear negotiations, with Oman likely to mediate. While Trump prefers direct talks, he remains open to… https://t.co/6lWzfdF3kL pic.twitter.com/suPnboU2XO — Mario Nawfal (@MarioNawfal) April 2, 2025 US CONSIDERS INDIRECT NUCLEAR TALKS WITH IRAN: …

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Mortgage Applications Decline -1.6% From Previous Week (30Y Mortgage Rates UP 137% Since Biden Was Elected President)

by confoundedinterest17 The mortgage market got its mind set on a recovery, but Biden’s mindless economic policies have jammed up the mortgage market. Example? Mortgage applications are down in a season where they typically increase. Mortgage applications decreased 1.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications …

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This shaky foundation has left the economy exposed. And yet, this is where Donald Trump’s economic approach starts to make more sense.

"The U.S. economy may look rosy on the surface, but under the hood, it’s supported by just three pillars, writes Bleakley Financial Group’s Peter Boockvar: spending by the rich, spending by the government, and anything to do with artificial intelligence." Do you agree? — unusual_whales (@unusual_whales) April 2, 2025 The U.S. economy might look vibrant …

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‘Trump has made final decision on tariffs.’

What you need to know President Donald Trump is set to unveil new tariffs today at the White House. Trump is expected to detail sweeping new levies on goods imported into the United States at a Rose Garden event at 4 p.m. ET. The White House is calling the new tariff rollout “Make America Wealthy …

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These are RECIPROCAL tariffs…

The tariffs are genius and explained here. I don’t understand why people are up in arms about President Trump’s tariffs. These are RECIPROCAL tariffs. These countries have already been imposing their tariffs on us for decades. We finally have a President who is saying “hey bud,… pic.twitter.com/GuOJ47YRj2 — 👉M-Û-R-Č-H👈 (@TheEXECUTlONER_) March 29, 2025

Potential Short UST thesis developing

“DOGE is dead without making a dent (Elon out the door), 2) Lower than expected tariff revenues as Admin gets spooked their policies will cause a further slowdown so already talking down expectations to make sure a hawkish tariff regime doesn’t ensue. Need to build back confidence but less tariff revenues doesn’t help the budget …

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Financial analysts divided on Trump’s tariffs: Bulls see rebound, bears warn of stagflation

“FINANCIAL ANALYSTS SPLIT ON TRUMP’S TARIFFS BULLISH VIEWS: 🔸 FUNDSTRAT: Predicts a V-shaped rebound if tariffs are targeted, arguing markets have overcorrected (-8% S&P 500) and clarity could spark a rally. 🔸 Treasury Sec. Scott Bessent: Sees tariffs as a negotiable cap, easing worst-case fears and potentially stabilizing markets. BEARISH VIEWS: 🔸 YARDENI RESEARCH: Calls …

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What economic impact will the Trump Tariffs have?

via notayesmanseconomics Finally we have arrived at Liberation Day when we will find out in full what US President Donald Trump plans on the tariff front. The Financial Times is presenting it in relatively apocalyptic terms. Investors are on edge ahead of Donald Trump’s plan to hit imports to the US with new tariffs “immediately” …

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Job postings plunge, new vacancies drop sharply

BREAKING: Job postings on Indeed dropped -10% year-over-year last week to the lowest in 4 years. Over the last 3 years, job postings have declined -33%. As a result, available vacancies are just 8% above pre-pandemic levels. Additionally, NEW job postings have dropped -40%… https://t.co/NjibDegyuc pic.twitter.com/2ZBcCISntm — The Kobeissi Letter (@KobeissiLetter) April 1, 2025

Poverty in Argentina Falls from 52 to 38% Under Javier Milei – it’s going to happen in the US as well.

Argentina’s poverty rate dropped from 52.9 percent to 38.1 percent during the second half of 2024, according to new data by the National Institute of Statistics and Census of Argentina (INDEC). Local outlets reported that INDEC, a decentralized entity within the Argentine Economic Ministry, observed a nationwide decrease in poverty and indigence (extreme poverty) rates …

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Turkey Denounces Opposition Calls For a Day of No Shopping as an Economic “Sabotage Attempt”

Turkey’s government denounced opposition calls for a mass commercial boycott following the arrest of Istanbul Mayor Ekrem Imamoglu that sparked nationwide protests, describing them on Wednesday as an economic “sabotage attempt”. After the mayor was detained two weeks ago, the main opposition Republican People’s Party (CHP) had called for a boycott of goods and services …

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CNN ACCIDENTALLY ADMITS IT: SOROS IS OK BECAUSE HE HIDES IN THE SHADOWS

🚨🇺🇸 CNN ACCIDENTALLY ADMITS IT: SOROS IS OK BECAUSE HE HIDES IN THE SHADOWS Jake Tapper and Kara Swisher just revealed the incredible double standard in their coverage of political donors. When discussing Elon's Wisconsin involvement, Tapper openly admitted: "You don't see… https://t.co/pY3dv64W9s pic.twitter.com/hd8hoWHHFe — Mario Nawfal (@MarioNawfal) April 2, 2025

Tesla deliveries plunge 13%—misses estimates

TSLA deliveries 336,681, -13% y/y, estimate 390,343 Model 3/Y deliveries 323,800, -12% y/y, estimate 381,536Other models deliveries 12,881, -46% q/q, estimate 16,335 — zerohedge (@zerohedge) April 2, 2025 https://twitter.com/MacroMicroMe/status/1907425117770231905  

Illinois signs its own trade deal with Mexico

Illinois Gov. JB Pritzker signed a trade agreement with the state of Mexico – commonly known as Edomex to distinguish it from the country as a whole – during a trip to the country on Monday, aiming to deepen economic cooperation. Pritzker led the delegation of state officials and business leaders on a trade mission …

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Schiff warns U.S. economy is a house of cards, tariffs could bring collapse

The Trump Administration doesn't understand how much government, consumers and financial markets depend on the global subsidy of low-cost imported goods. They are the foundation of our house of cards economy. Once it topples, removing the tariffs won't put it back together again. — Peter Schiff (@PeterSchiff) April 2, 2025 By definition, Trump's tariffs will …

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Lockdowns, inflation leave U.S. lonelier than ever. 25% of Americans dined alone yesterday, up 53% since 2003

Some blame technology. Others point to the economy. But the real shift started when COVID turned socializing into a health risk. Lockdowns forced people indoors, breaking routines that never fully returned. Some never relearned how to engage. Others simply stopped trying. Now, millions go days without real interaction, and it’s becoming the new normal. The …

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EU is thirsty for war.

Germany’s armed forces, the Bundeswehr, said its troops would be stationed along NATO’s eastern flank in Lithuania, and the unit will be fully operational by 2027. This marks the first time soldiers from the country will be on a permanent foreign deployment since World War II. “We have a clear mission. We have to ensure …

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