Trump threatens new tariffs on EU, Apple
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Apple’s stock has sold off on tariff fears, but the company still has a healthy business underpinned by a sticky ecosystem and robust array of services offerings.
President Trump lashed out at Apple CEO Tim Cook as he wielded more tariff threats against the European Union pressuring U.S. stocks which are on pace for weekly losses. The 10-year Treasury yield hovered near 4.
Apple stock price has sold off this year, making it the top laggard in the Magnificent 7 group. What next for the AAPL shares this year?
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Kraken will list more than 50 tokenized stocks and ETFs, such as Apple (AAPL), Tesla (TSLA) and Nvidia. The move makes crypto-style 24/7 trading available for traditional equities, broadening access to some of the largest tech stocks, as per Wall Street Journal.
Wall Street had its worst week since early April after President Trump said he would impose steep tariffs on E.U. goods and targeted Apple with a tax on foreign-made iPhones.
The company plans to cut roughly 2,500 jobs as it grapples with the effects of the Trump administration’s [crackdown on federal contracting](