Apple suffers steepest drop in 5 years as Trump tariffs threaten supply chain
In the past few years, Apple has sold Americans iPhones made in India, AirPods from Vietnam and Mac desktops assembled in Malaysia. It was part of a strategy by Apple…
Fintech stocks like Affirm, PayPal plunge on concern Trump tariffs will hurt consumer spending
The global market rout on Thursday, sparked by President Donald Trump’s announcement of widespread tariffs, had an outsized impact on fintech companies and credit card issuers that are closely tied…
Nvidia positioned to weather Trump tariffs, chip demand ‘off the charts,’ says Altimeter’s Gerstner
Altimeter Capital CEO Brad Gerstner said Thursday that he’s moving out of the “bomb shelter” with Nvidia and into a position of safety, expecting that the chipmaker is positioned to…
YouTube announces Shorts editing features amid potential TikTok ban
YouTube on Thursday announced new video creation tools for Shorts, its short-form video feed that competes against TikTok. The features come at a time when TikTok, which is owned by…
Bitcoin-related startup deals soared in 2024 alongside crypto prices, research shows
As crypto prices rallied to record highs last year, venture investors piled into new bitcoin-related startups. The number of pre-seed transactions in the market climbed 50% in 2024, according to…
Tech stocks sink after Trump tariff rollout — Apple heads for worst drop in 5 years
Technology stocks plummeted Thursday after President Donald Trump’s new tariff policies sparked widespread market panic. Apple led the declines among the so-called “Magnificent Seven” group, dropping nearly 9%. The iPhone…
Bitcoin slides to $81,000 as Trump tariffs jolt stock market
Bitcoin and other cryptocurrencies were under pressure Thursday after President Donald Trump’s big tariffs reveal jolted the stock market. The price of the flagship cryptocurrency was last lower by 5%…
Plaid raises funding at $6 billion valuation, enabling some employees to cash out
Plaid on Thursday announced a new funding round that values the fintech startup at $6 billion, down from $13.4 billion in 2021. The new funding will give some employees a…
Here’s where Apple makes its products — and how Trump’s tariffs could have an impact
Apple has made moves to diversify its supply chain beyond China to places like India and Vietnam, but tariffs announced by the White House are set to hit those countries…
Xiaomi delivers record cars in March as winners emerge in China’s EV race
Chinese electric carmakers Xiaomi, Xpeng and Leapmotor each delivered nearly 30,000 or more cars in March, roughly twice several of their fellow startup competitors. It’s a sign of how some…