Yahoo Finance

How does market uncertainty impact low-income consumers? "The low-income consumer, as you rightly say, remains under significant pressure because the cumulative effect of inflation over the last several years has outpaced wage growth," Newell Brands CEO Chris Peterson told Yahoo Finance Executive Editor Brian Sozzi. More: https://lnkd.in/eWuawyDG

US President Trump's tariffs are reshaping US trade policy and overhauling decades of free-trade agreements with friend and foe alike. And the current U.S.-Canada trade war is repeating history. More: https://lnkd.in/eN_SW-ra

President Donald Trump said he would purchase a Tesla to keep at the White House for the use of his staff in a sign of support for Elon Musk, after shares of the electric-car maker had their worst day in four years amid a growing backlash over Musk’s political allegiances. More: https://lnkd.in/edeMqr_z

Amid a broader market meltdown that has rocked the foundation of the often popular "Magnificent Seven" trade, shares of one key component have avoided falling off a cliff. That is Mark Zuckerberg's Meta. https://lnkd.in/eb7wuBpU

The move marks another shift from Southwest’s passenger-friendly approach. Last year, the airline said it would end open seating, a key part of its brand for over 50 years. https://lnkd.in/eajmQjzR

President Trump also threatened to "substantially increase" tariffs on cars coming into the United States on April 2 "if other egregious, long time Tariffs are not likewise dropped by Canada." https://lnkd.in/eB5uVJRv

The lawsuit pits the fourth-largest U.S. bank against the largest, with Wells Fargo accusing JPMorgan of turning a blind eye during due diligence in pursuit of millions of dollars in fees. https://lnkd.in/ePCxG2z8

President Donald Trump this weekend demurred on the question of whether his administration’s trade policies could send the US economy into recession, following up his recent acknowledgement that they may cause a “little disturbance.” Some consistent — albeit equally vague — messaging is emerging, however. The US president and his economic team have been priming markets and the American people to expect some pain as a result of their trade policies, with Treasury Secretary Scott Bessent warning of a “detox” period and Commerce Secretary Howard W. Lutnick saying there are certain to be “distortions.” The question is how much pain is involved with "disturbances," "distortions," and "detox." The economy grew by 2.8% last year. For this year, the average of economists’ forecasts gathered by Bloomberg shows an expectation of 2.3% growth. Recently, estimates have been coming down as a result of first quarter tariff turmoil. At a “stall speed” of 1% GDP growth or below, what the Trump administration is trying to achieve looks a lot less palatable, Mohamed El-Erian, president at Queens' College, Cambridge, and former PIMCO CEO, told Yahoo Finance. More: https://lnkd.in/emfzp7M5

Michael Saylor is stepping up plans to tap capital markets to accelerate Strategy’s Bitcoin buying binge, saying the firm will issue up to $21 billion of preferred stock and use the proceeds to buy more of the cryptocurrency. https://lnkd.in/eT7cRUhd

The deal comes at a time when the housing market has struggled amid high mortgage rates and tight home supply. Redfin's stock peaked at $96.81 in February 2021, when housing was thriving during the pandemic. https://lnkd.in/eM4QSyTP