Stocks rebounded over the past week as President Trump eased investor concerns about escalating trade tensions with China.
The S&P 500 rose 4.5%, the Dow Jones Industrial Average popped 2.5%, and the Nasdaq Composite led the gains with a 6.6% jump.
Still, gold is beating the S&P 500 by 32.6 points so far this year—higher than its 2020 record of 26 points.
US tariffs have doubled the cost of some TEMU items. China quietly rolled back tariffs on some US semiconductors and pharmaceuticals.
Domestic air travel demand is weakening, forcing major carriers to cut fares and trim capacity growth plans after summer. Meanwhile, air travel tourism in the US was down 10% last month compared to the previous year.
And this is shaping up to be a big week for all markets:
180 of the S&P 500 companies are set to share earnings reports. We’ll will also see new CB Consumer Confidence data, JOLTs Job data, and Q1 GDP data for the US.
Apple just secretly added Starlink satellite support to iPhones through iOS 18.3.
One of the biggest potential winners? Mode Mobile.
Mode’s EarnPhone already reaches +45M users that have earned over $325M, and that’s before global satellite coverage. With SpaceX eliminating “dead zones” worldwide, Mode's earning technology can now reach billions more.
Mode is now gearing up for a possible Nasdaq listing (ticker: MODE) but you can still invest in their pre-IPO offering at $0.26/share before their share price changes.
*An intent to IPO is no guarantee that an actual IPO will occur. Please read the offering circular and related risks at invest.modemobile.com. *The Deloitte rankings are based on submitted applications and public company database research.
🧠 Make yourself heard
We want to hear your take. What’s going to happen with the “Tariff War” between now and 2028?
American Giant CEO Bayard Winthrop said tariffs have boosted demand for US-made clothing as some items with sites like Temu are more than doubling.
TikTok announced plans to launch the TikTok Shop in Japan in a few months. The US’s deal to buy the social media platform still stands.
PayPal partnered with Coinbase and announced a 3.7% annual rewards program for holders of its PYUSD stablecoin. It can be difficult to establish yourself in the stablecoin market, but if anyone can, it’s PayPal.
Arctic Cat was sold to former executive Brad Darling after announcing 385 layoffs at its Minnesota plant. Darling has stated he plans to keep the company running strong.
📊 Crypto
3 XRP ETFs are set to go live on April 30 in the US.
California’s GDP rose to $4.1 trillion, leapfrogging Japan to become the world’s fourth-largest economy. California is also larger than Japan by land mass.
Millennials are offering recession survival tips to Gen Z, warning about job scarcity and advising drastic spending cuts.
🌍 Global Perspectives
🇻🇦 An estimated 250,000 mourners viewed the body of Pope Francis during the three-day public viewing that concluded Friday evening at St. Peter's Basilica.
🇩🇪 Thousands of protesters from the populist Together for Germany alliance rallied across German cities, facing large counter-demonstrations.
🇾🇪🇮🇱 The Israeli military intercepted a supersonic missile fired by Yemen's Houthi militia targeting an airbase in the Negev desert.
🇨🇦 A vehicle crashed into Vancouver's Filipino Lapu Lapu festival crowd, killing eleven people.
🎤 What you said last time
“Grifters gonna grift.”
🧠 Miscellanea
A Massachusetts man’s home was riddled with holes after a rogue woodpecker mistook his siding for a buffet.
