Plus: Dow faces worst April since Great Depression after Trump calls Powell "major loser," Harvard's cuts could unravel Boston economy & why the real Trump trade is 'Sell America.'
Plus: Hertz popped 56% after Ackman disclosed, Nvidia fell 7% on chip controls, Figma filed for IPO, and Trump wants to revoke Harvard’s tax-exempt status.
Plus: Economic anxiety is on the rise, 60% of CEOs now expect a recession, Carmaker stocks rose, chip tariffs coming next week, and Starbucks tightens dress code.
Plus: Activist nuns target corporate America, Tariff U-turn on electronics, Harvard faculty sue Trump admin, Jamie Dimon is sounding the alarm on S&P 500 earnings.
Plus: Senior partners are leaving their VC firms in droves, investment banks cutting headcount, and Americans could lose $3,800 from tariffs.
Plus: Trump doubles down on tariff stance, Musk breaks with the administration over tariffs, Jay Powell says inflation will go up, and StubHub and Klarna will delay IPOs.
Plus: Oracle, Blackstone, and a16z nearing TikTok deal, RH CEO curses in earnings call hot mic, and Hershey to buy healthier snacks maker LesserEvil for $750 million.
Plus: Tesla's worst quarter since 2022, Amazon bid for TikTok, Ben & Jerry's asks to be 'set free,' Grubhub is reviving Seamless, and Goldman bringing PE deals to wealthy individuals.
Plus: Newsmax moons over 2,000%, there are now 3,000 billionaires in the world, and Hooters blames private equity for bankruptcy.
Plus: Nasdaq down 10.4% in Q1, OpenAI is worth $300B after $40B round, Blackrock CEO plays therapist in annual letter, and Harvard could lose $9B in federal funding.
Plus: European stocks are crushing U.S. ones, Gold hit $3,100, recession odds up to 35%, Musk calls Tesla slump “buying opportunity,” and real estate funds took a record 21.8 months to close.
Plus: Consumer sentiment down bad, Gold hit $3k, CrossFit for sale again, Bessent says a correction is "healthy," and UBS bans staff from WFH on both Friday and Monday.
