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Thursday, apr 24
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Stock Market
Politics
Here's Percentage Of Americans Who Approve Of Trump's Handling Of Economy: New Poll
A new poll finds what Americans think about how President Donald Trump is managing the economy as he nears the 100-day mark of his second non-consecutive term. Just 37 percent of respondents said they support Trump’s approach to economic issues, according to a Reuters/Ipsos poll released on Wednesday, April 23. That marks a sharp drop from the 42 percent approval rating measured shortly after his Monday, Jan. 20 inauguration, and the lowest economic approval level Trump has recorded in either term. The survey highlights growing unease over Trump’s aggressive economic strategy, which …
News
Inflation Fears Hit 44-Year High As Trump Tariffs, Market Crash Sink Consumer Sentiment: Survey
Concerns about inflation have spiked to their highest level in nearly 45 years, while consumer confidence plunged for the fourth straight month as Americans grow increasingly anxious about the economy, a new survey said. Americans now expect prices to climb 6.7% over the next year, the University of Michigan's Surveys of Consumers said on Friday, April 11. That's the highest inflation expectation reading since 1981 for the closely watched survey. While inflation cooled slightly in March, the latest federal numbers came before President Donald Trump announced his "liberat…
Business
Trump Retreats From Many Tariffs, Raises China's Rate To 125% After Days Of Market Freefall
President Donald Trump has stepped back from many of his tariffs while escalating Chinese duties even higher, sparking a dramatic market comeback after some of the worst trading days since the start of the COVID-19 pandemic. The 90-day pause will apparently apply to some tariffs for more than 75 countries that haven't issued retaliatory duties. Trump announced the halt on his social media platform Truth Social on Wednesday, April 9. A 10% tariff will remain in place for the countries included in the pause. The White House said the 10% duty will also apply to Canada and Mexico, NBC News…
Business
Trump Slaps 104% Tariff On China As Markets Resume Freefall, Recession Fears Grow
President Donald Trump will place a jarring 104% tariff on Chinese goods, wiping out gains on Wall Street after three chaotic days of trading that wiped out trillions from US markets and elevated recession fears. White House Press Secretary Karoline Leavitt confirmed the dramatic tariff rise during a news conference on Tuesday, April 8. The new 104% duty will officially begin at 12:01 a.m. on Wednesday, April 9. China's tariff rate was raised to a combined 54% when Trump announced his "liberation day" tariffs on Wednesday, April 2. A 34% additional tariff was added to Trump's pre-existing 2…
Business
Volatile Markets Spiral As Trump Threatens China, White House Denies Tariff Pause Rumor
Chaos has shaken Wall Street for a third day as the White House denied rumors of a pause on President Donald Trump's sweeping new tariffs that sparked the worst sell-off since the start of the COVID-19 pandemic. The Dow Jones Industrial Average opened down roughly 1,250 points on Monday, April 7. The massive drop continued the market freefall that happened in the aftermath of Trump's "liberation day" announcement. Soon after trading opened, the Dow surged back into the green by around 10:15 a.m. The bounce back appeared to be in response to social media posts claiming Trump was conside…
Business
Jim Cramer Fears ‘Black Monday’ As Markets Tumble After Trump's Tariff Rollout
It was a brutal week for investors, who lost nearly $7 trillion after President Donald Trump announced sweeping tariffs on nearly every country, and CNBC's Jim Cramer warned that the pain may not be over. The "Mad Money" host said he fears stock prices may continue to fall on Monday, April 7, adding that investors could be facing a repeat of one of the market’s worst days. Related: Mexico And Canada Promise More Tariffs Coming For US If the president doesn’t try to reach out and reward these countries and companies that play by the rules, then the 1987 scenario ... the one where we went …
Business
Trump's Tariffs Hit Nintendo: Switch 2 Preorders Delayed, Video Game Giant's Stock Tumbles
The Nintendo Switch 2 was hit with a Mario Kart "red shell" as preorders for the highly anticipated video game console have been delayed due to President Donald Trump's sweeping new tariffs. Preorders for the Nintendo Switch 2 won't start on their scheduled date of Wednesday, April 9. A Nintendo spokesperson confirmed the delay to the Daily Voice on Friday, April 4. Nintendo said the pause won't affect when the portable console will be released. "Pre-orders for Nintendo Switch 2 in the U.S. will not start April 9, 2025 in order to assess the potential impact of tariffs and e…
Business
Market Freefall Deepens After Trump's Sweeping Tariffs Despite Moderate Job Gains In March
Unemployment inched up in March – slightly higher than economists expected – as stock markets crashed and Big Tech companies saw their worst single-day loss on record in response to President Donald Trump's aggressive new tariffs. March's unemployment rate was 4.2%, the Bureau of Labor Statistics said on Friday, April 4. That was slightly higher than the 4.1% forecast as the labor force participation rate also rose, CNBC reported. The US added 228,000 nonfarm payrolls in March, significantly higher than the Dow Jones estimate of around 140,000. The BLS also reduced …
Business
Stocks Plunge, US Dollar Drops As Economists Warn Trump's Tariffs Are 'Worst Case Scenario'
Stocks plummeted on Wall Street and a wave of panic selling swept through global markets reacting to President Donald Trump's widespread "liberation day" tariffs. The tariff announcement sent stocks into their worst tailspin of 2025 so far and dragged the US dollar to a six-month low on Thursday, April 3. Trump unveiled the sweeping 10% tariffs on all imports and far steeper rates for key trade partners on Wednesday, April 2. By 11 a.m., the Dow Jones Industrial Average had plunged about 1,590 points, down 3.77%. The S&P 500 fell 4.35% – or about 247 points – while the Nasdaq …
Business
Layoffs Hit Pandemic-Era Heights As Musk Slashes Federal Jobs, Trump's Widespread Tariffs Begin
The US saw one of its largest waves of layoffs in decades, fueled by billionaire Elon Musk's efforts to purge the federal government, as markets fear the financial impacts of President Donald Trump's sweeping new tariffs. US employers announced 275,240 job cuts in March, outplacement firm Challenger, Gray & Christmas said on Thursday, Apr. 3. That's the third-highest monthly amount since Challenger began tracking layoffs in 1989, only surpassed by the height of the COVID-19 pandemic in April and May of 2020. So far in 2025, employers have announced 497,052 job cuts — the highe…
Business
Trump Imposes Sweeping Tariffs Amid Economic Fears, Says US Was 'Raped' By Trade Partners
President Donald Trump has announced sweeping new tariffs, accusing allies and adversaries of looting the US economy, despite consumer confidence sinking domestically and growing recession fears. Trump revealed the tariffs during a news conference in the Rose Garden at the White House on Wednesday, April 2. The President called the day "liberation day," alluding to what he claims is a trade imbalance caused by his predecessors. The new measures impose a baseline 10% tariff on all imports. Those will begin on Saturday, April 5, according to the White House. Sharply higher rates for dozens o…
Business
Recession Odds Sharply Rise Before Trump's 'Liberation Day' Tariff Rollout: Goldman Sachs
Goldman Sachs has nearly doubled the odds of a US recession, warning that President Donald Trump's sweeping new tariffs could drive up prices, slow growth, and force the Federal Reserve to cut interest rates because of higher unemployment. A recession is now 35% possible in 2025, the investment banking firm said in an economics research report published on Sunday, March 30. That's a dramatic increase from Goldman Sachs' 20% prediction made earlier in March. The increased odds come as Trump prepares to roll out sweeping new tariffs on Wednesday, April 2, which the President has dubbed "…
News
Unemployment Fears Hit 16-Year High As Trump's Tariffs Shake Consumer Confidence: Survey
Americans' concerns about rising unemployment are at their highest since the global financial crisis as President Donald Trump’s escalating tariffs and economic policies sink consumer confidence. Two-thirds of US consumers expect unemployment to increase over the next year, the University of Michigan's Surveys of Consumers said on Friday, Mar. 28. This marks the highest level of job market pessimism since 2009, reflecting widespread fears that economic uncertainty. Joanne Hsu, Michigan’s director of the surveys, said March's rising worries underscore mounting concerns across all d…
Business
Consumer Confidence Crashes To 12-Year Low As Trump Tariffs, Rising Prices Fuel Economic Gloom
Consumer confidence continued its freefall in March, tumbling to its lowest level since the early 2010s as inflation fears, President Donald Trump's rapidly changing tariff threats, and stock market pessimism weighed heavily on Americans. The Conference Board's Consumer Confidence Index fell 7.2 points in March to 92.9, the nonprofit said in a news release on Tuesday, Mar. 25. That was the lowest reading since late 2022 and well below the threshold that typically signals a looming recession. The steepest drop came in the Expectations Index, which fell 9.6 points to 65.2 — marking its l…
Business
Spirit Airlines Exits Bankruptcy After Slashing $795M In Debt, Cutting Jobs
Spirit Airlines has flown past its financial turbulence, as the budget airline exits bankruptcy after shedding nearly $800 million in debt, officials said. Spirit has ended its financial restructuring process, the airline said in a news release on Wednesday, Mar. 12. The Dania Beach, Florida-based company filed for Chapter 11 bankruptcy in November 2024. The airline has finalized a plan that eliminates $795 million in funded debt and it also received $350 million in equity investments. "We're pleased to complete our streamlined restructuring and emerge in a stronger financial position…
Business
Investor Survey: 85% Believe Tesla Hurt By Elon Musk's Political Power, Reports Say
A vast majority of people in an investor survey said CEO Elon Musk's growing political influence is damaging Tesla financially, according to reports. An investor survey by Morgan Stanley said 85 percent think Musk's political activities have had a "negative" or "extremely negative" impact on Tesla's business fundamentals, CNBC reported. An analyst from the investment banking firm received answers from 245 participants, a relatively small sample with some investors who don't have Tesla stock. Shares in the electric automaker were at $247.08 when trading opened on Wednesday, Mar. 12. Tha…
Business
Tesla Owners Disguise Vehicles As Stock Craters, Trump Calls Elon Musk Boycott 'Illegal'
Tesla is losing its charge with many Americans as billionaire CEO Elon Musk faces plummeting sales, a freefalling stock, growing protests, and car owners distancing themselves from the controversial brand. The electric automaker's stock has more than lost all of its post-Election Day gains. Tesla shares stood at $288.53 on Wednesday, Nov. 6, 2024, and hit an all-time high of around $480 in mid-December before beginning a sharp decline. By early March, shares fell below what they posted the day after Election Day. Tesla opened for trading at $225.11 on Tuesday, Mar. 11, marking abo…
Business
February Job Growth Disappoints, Fueling Economic Fears From Rising Costs, Tariff Confusion
The US labor market fell short of expectations in February, adding to growing economic uncertainty from trade disputes, a hiring slowdown, and ongoing federal job cuts. The nation's economy added 151,000 jobs in February, according to data from the Bureau of Labor Statistics released on Friday, Mar. 7. That number was lower than the Dow Jones consensus forecast of 170,000, CNBC reported. Job growth lagged behind the 12-month average of 168,000, signaling a labor market slowdown. Healthcare led with 52,000 new positions, followed by financial activities (+21,000), transpo…
Politics
Stocks Plummet After Trump Says Tariffs On Canada, Mexico Will Start, Igniting Trade War Fears
President Donald Trump announced that tariffs on Canada and Mexico will take effect in less than a day, sending the stock market tumbling amid fears of a trade war. Trump said on Monday afternoon, March 3, that the US will impose 25 percent rates on imports from the two neighboring nations and the United States’ primary trading partners, effectively quashing any last-minute hopes for a negotiated agreement. “There’s no room left for Mexico or for Canada” to negotiate to prevent the tariffs from taking effect on Tuesday, March 4, Trump said at the White House, adding, “They’re all set.” The…
Business
Proposed 25% US Tariff On Canadian Goods Will Be Paused After Earlier Deal With Mexico
Just hours after a similar agreement was reached with Mexico, the United States has agreed to paused planned tariffs on Canadian goods for 30 days. The deal was reached late Monday afternoon, Feb. 3 after President Donald Trump and Canadian Prime Minister Justin Trudeau concluded their second conversation of the day. "I just had a good call with President Trump," Trudeau said in a statement announcing that Canada is implementing a $1.3 billion border plan "reinforcing the border with new choppers, technology and personnel, enhanced coordination with our American partners, and increase…
Business
US, Mexico Reach Deal To Delay 25% Tariffs
Mexico and the US have reached an agreement to delay steep tariffs that were set to take effect on Tuesday, Feb. 4. Click here for a new, updated story: Proposed 25% US Tariff On Canadian Goods Will Be Paused After Earlier Deal With Mexico Mexican President Claudia Sheinbaum announced the deal Monday morning, Feb 3. It will pause the 25 percent levies for a month, and follows negotiations between Mexican officials and the Trump administration on border security and drug trafficking. Mexico committed to deploy 10,000 troops dedicated to stopping illegal drugs and migrants from…
News
CEO Of CrowdStrike Is NJ Billionaire George Kurtz Working To Remedy Microsoft Meltdown
Friday, July 19 is not a good day for George Kurtz. Kurtz is the CEO of CrowdStrike, the cybersecurity firm that appears to be responsible for the global outage that disrupted flights, stock markets, media outlets, and banks. Kurtz, 59, is also a Parsippany-Troy Hills native and graduate of Seton Hall University who according to Forbes is worth about $3.1 billion. How has Kurtz spent his morning? Assuring the world that all will soon be right again after the issue with a Falcon content update for Windows Hosts that caused the global outage. Today was not a security or cyber incident. O…
News
Mass Global Tech Outage Grounds Flights, Causes Chaos With Banks, Stock Markets, Media
A major tech outage is causing issues worldwide, including grounding flights. Banks, stock markets, and media outlets are also being affected on Friday morning, July 19. An update by cybersecurity technology company CrowdStrike appears to be the cause of device outages for millions of Microsoft Windows device users. Several major US air carriers, including Delta, United, and Spirit are under a full ground stop, according to the FAA. "Several airlines have requested FAA assistance with ground stops until the issue is resolved," the agency said. Microsoft has said it is taking "mitigation …
Events
Meet Wolf Of Wall Street Jordan Belfort In Ridgewood
The real-life "Wolf of Wall Street" is coming to Bergen County. Jordan Belfort, whose memoir about running his own brokerage house inspired the Martin Scorsese movie "The Wolf of Wall Street" and the movie "Boiler Room" is signing copies of his new book "The Wolf of Investing: My Insider's Playbook for Making a Fortune on Wall Street" on Wednesday, Nov. 1. at 6 p.m. at Bookends in Ridgewood. View this post on Instagram A post shared by Jordan Belfort (@wolfofwallst) In his new book, Belfort offers a guide to anyone who wants to master the st…
News
$6.8M
Covid-
19 Scam: Ex-Hedge Fund Manager Gets 4+ Years, No Parole
A dual New York/Florida resident was sentenced in New Jersey to a plea-bargained 51 months in federal prison for fraudulently collecting more than $6.8 million in COVID-19 payroll protection loans -- $3 million of which he lost in the stock market. Gregory J. Blotnick, 35, will have to serve just about all of the sentence because there's no parole in the federal prison system. In addition to the prison term, U.S. District Judge Brian R. Martinotti sentenced Blotnick in Newark to two years of supervised release and ordered him to pay restitution of $4,577,631. Blotnick told the judge last f…
News
Freshly Laid Off Netflix Workers Share Their Stories On Twitter
A bevy of laid off Netflix workers are airing their grievances on Twitter, and the world is watching. The layoffs come from the company's newly-launched fan site Tudum, Deadline reports. Tudum was named after the sound that Netflix makes when it opens. A Netflix spokesperson responding to Daily Voice's request for comment said only that "our fan website Tudum is an important priority for the company," and did not disclose an exact number of layoffs. Meanwhile, former employees are on the hunt for work. Netflix last week reported a significant subscriber loss, its first since 2011. The 26 …
News
His Kids Feared Ex-Russian Military Dad ‘Booby-Trapped’ His Bergen County Home, Police Say
Two children of a former Russian military member feared their suicidal father had booby-trapped their Bergen County home after losing $400,000 in the stock market, investigators said. Anatoly Zaytsev, 67, remained held in the county jail in Hackensack on Wednesday, March 23, more than two weeks after members of the county Bomb Squad and other responders converged on his Oakland home and seized rifles, high-capacity magazines and silencers. The incident reportedly began when Zaytsev’s son told borough police that his father surrendered five guns to him. The son also told them the Ukra…
News
Barstool CEO's Leaked Sex Tape May Have Caused Drop In Penn Shares
Barstool CEO Dave Portnoy's sex tape that leaked over the weekend may have caused a dip on shares of Penn National Gaming, Fox reports. Barstool dished out $136 million for a 36 percent share of the casino and racetrack company in January 2020. Since the video was leaked, Penn's shares dropped approximately 2.6 percent. Portnoy tweeted his response to the situation in a video and even encouraged investors to "buy the dip." Seriously though thanks to our fans for their never ending support. It’s what allows us to be us. $penn pic.twitter.com/jMfBViHMUH — Dave Portnoy (@stoolpresident…
Lifestyle
Master The Stock Market With This Under-$30 Investment Training
It’s a common and unfortunate myth that you need to have a fancy and expensive degree in finance in order to make money in the stock market. In fact, some of the world’s most successful investors are self-taught, and there are plenty of ways to see profits regardless of the amount you’re willing to invest. The Wall Street Survival & Stock Trading Guide Bundle will teach you everything you need to know in order to take advantage of all the stock market has to offer, and it’s available today for 98% off at just $29.99. Whether you’re a first-time investor looking to get your feet wet or a…
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