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Cathie Wood says Tesla will hit $2,600, but invests $9M in a different Magnificent 7 stock

Rising competition, new tariffs, brand crisis, and fears of a recession ahead – there’s not much that is particularly going well for Tesla Inc (NASDAQ: TSLA) in 2025.

Still, influential investor Cathie Wood remains super bullish on the EV stock that she believes will hit $2,600 before the end of this decade.

However, her recent purchase was not of TSLA. Instead, the founder and chief executive of Ark Invest parked more than $9.0 million in another “Magnificent 7” stock on April 4.

Enter Amazon.com Inc (NASDAQ: AMZN).

How much did Cathie Wood invest in Amazon stock?

Wood spent $9.3 million to load up on more than 54,000 shares of Amazon on April 4, indicating she reads a 30% decline in AMZN as an opportunity to buy a quality name at a deep discount.

The famed investor remains positive on Amazon stock as the Seattle headquartered giant has been investing rather aggressively to expand its footprint in artificial intelligence.

Other than its continued engagement with Anthropic, the tech titan has recently launched Alexa+.

Alexa+ is the firm’s upgraded AI assistant capable of managing smart home devices, ordering food online, and handling a whole bunch of other tasks.

Investing in AI is broadly expected to help Amazon diversify its revenue beyond retail and cloud.

AMZN is trading at an attractive valuation

Wood has confidence in Amazon’s ability to tap into its global scale and diversified revenue stream to navigate the trade war that’s emerging in response to Trump’s new tariffs.

Additionally, the valuation tied to the tech stock is far too attractive to ignore at writing.

AMZN is currently going for only 30 times its estimated next year’s earnings, sharply below its historical average of about 55.

Wall Street seems to agree with Cathie Wood on Amazon stock.

The consensus rating on AMZN currently sits at “buy” with the mean target of $267, indicating potential upside of well over 50% from here.

Why I disagree with Wood’s view on TSLA shares

Cathie Wood may have been right or at least practical with her investment in Amazon stock, but her call for TSLA hitting $2,600 within the next five years sounds more like a daydream, at least for now.

That’s because Tesla is currently struggling with a delivery slowdown amidst rising competition from its Chinese rivals.

Plus, the EV maker has been a laggard in launching new products as well.

In 2024, the multinational based out of Austin, Texas, saw its net income crash an alarming 52%, and the weakness is broadly expected to persist this year.

That makes Tesla a low-growth company that’s still trading at an unreasonable price-to-earnings multiple of about 117 at writing.

If anything, TSLA’s current valuation suggests the EV stock could tumble further from here, instead of climbing to the $10 trillion valuation as Wood forecasts.

The post Cathie Wood says Tesla will hit $2,600, but invests $9M in a different Magnificent 7 stock appeared first on Invezz

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New 6-figure ad touts Trump policies that have key industry ‘booming’: ‘You voted for it’

A conservative energy group has debuted its latest ad as part of a seven-figure campaign supporting President Donald Trump’s ‘all-of-the-above energy’ agenda.

‘You voted for it, you got it, America is booming,’ the 30-second ad from The Restoring Energy Dominance Coalition, a conservative nonprofit organization headed up by former U.S. Secretary of Energy Dan Brouillette and former U.S. Secretary of the Interior David Bernhardt, says.

‘Meeting a quickly growing energy demand with an all-of-the-above approach will make good on President Trump’s promise to restore American energy dominance,’ the ad continues. 

‘Solar and storage, wind, nuclear, oil and gas. All forms of energy, all across the country.’

The ad then cuts to Trump, who says, ‘All forms of energy, yep’, before the ad says, ‘And that means more jobs and higher wages for you.’

‘In America, we show up, we get to work, we win.’

The RED Coalition ad is supported by a six-figure ad buy that will air on broadcast, cable TV and digital platforms. 

This ad is the fourth major television ad launched by the group since the start of this year as part of a broader seven-figure campaign to ‘support the administration’s energy priorities.’

Last month, RED Coalition, along with Trump pollster Tony Fabrizio, put out a polling memo stating that 51% of registered voters are in favor of Trump’s ‘All-of-the-Above Energy agenda,’ as well as 65% of GOP voters.

Trump has vowed to use his second White House term to re-exit the Paris Climate Accord, undo strict emissions standards for vehicles and power plants, and bolster production of U.S. oil and gas, including through fracking, which is the controversial technology by which pressurized fluids are used to extract natural gas from shale rock.

In the days after his victory, industry groups representing the nation’s biggest oil and gas producers told Fox News Digital they have little doubt Trump will make good on these promises in a second term.

‘Energy was on the ballot’ in the 2024 elections, American Petroleum Institute President and CEO Mike Sommers said in a statement.

Fox News Digital’s Breanne Deppisch contributed to this report.

This post appeared first on FOX NEWS

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Time is running out to stop Iran from making nuclear bomb: ‘Dangerous territory’

President Donald Trump on Monday said the situation with Iran is entering ‘dangerous territory’ as he announced his administration would be talking to Iran on Saturday.

While it’s not yet known what the talks will achieve, experts continue to warn that time is running out to not only block Iran’s nuclear program but to utilize existing tools to counter Tehran’s dismissal of international law, a mechanism known as ‘snapback’ sanctions.

‘This is the one time that we have the ability to sort of put new sanctions on Iran where we don’t need Russia and China’s help, and we can just do it unilaterally,’ Gabriel Noronha of the Jewish Institute for National Security of America told Fox News Digital. Noronha is an Iran expert and former special advisor for the Iran Action Group at the State Department.

The ability to employ snapback sanctions on Iran expires Oct. 18, 2025, which coincides with when Russia will lead the United Nations Security Council (UNSC) presidency for its rotational one-month stint. 

The provision for snapback sanctions was enacted under UNSC Resolution 2231, which was agreed to just days after the Joint Comprehensive Plan of Action (JCPOA) was signed in 2015 as a way to ensure that if Iran was found to be violating the nuclear deal, stiff international sanctions could once again be reimposed. 

The JCPOA has increasingly been considered a collapsed agreement after the U.S. withdrew in 2018 under the first Trump administration, followed by increasingly flagrant violations by Iran of the nuclear deal.

This has culminated in the rapid expansion of Tehran’s nuclear program and the assessment by the U.N. nuclear watchdog earlier this year that Tehran had amassed enough near-weapons-grade uranium to develop five nuclear weapons if it were to be further enriched. 

European nations for years have refused to enact snapback sanctions in a move to try and encourage Tehran to come back to the negotiating table and diplomatically find a solution to end its nuclear program. 

Any participant in the JCPOA can unilaterally call up snapback sanctions if Iran is found to have violated the terms of the agreement. But the U.S., which has been calling for snapbacks since 2018, was found by the U.N. and all JCPOA members to no longer be legally eligible to utilize the sanction mechanism after its withdrawal from the international agreement. 

But as Iran continues to develop its nuclear program, the tone among European leaders has also become increasingly frustrated. 

France’s foreign minister last week suggested that if Iran did not agree to a nuclear deal and halt its program, then military intervention appeared ‘almost inevitable.’

‘Iran must never acquire nuclear weapons,’ Foreign Minister Jean-Noel Barrot reportedly told France’s Parliament on Wednesday.

‘Our priority is to reach an agreement that verifiably and durably constrains the Iranian nuclear program,’ he added.

It remains unclear how much longer European nations will attempt to hold out for discussions with Iran, as Trump has said he is becoming fed up with Tehran and has threatened direct military confrontation, even while he has made clear his administration’s willingness to discuss a deal with Tehran.

With France serving as UNSC president in April and the bureaucratic red tape Russia could employ, UNSC members supportive of blocking Iran’s nuclear program must immediately call up snapback sanctions, Noronha said.

‘It takes about six weeks to actually be implemented properly,’ said Noronha, author of ‘Iran Sanctions, U.N. Security Council Resolution 2231, and the Path to Snapback,’ which was released last week. ‘And second, because the distribution of the presidencies and leadership of the U.N. Security Council is weighted towards more favorable leaders right now in the spring before it goes to pretty adversarial leadership in the summer and fall.’

The expert said this is a rare moment for the UNSC, which in recent years has become increasingly ineffective in accomplishing major geopolitical wins because it is generally divided between the U.S., U.K. and France on one side and Russia and China on the other.

A single veto is enough to block a resolution being enacted, and progress in the council has become stagnant following Russia’s invasion of Ukraine. 

But even if Russia objects to reimposing sanctions on Iran, as Tehran has become a close ally of Moscow’s, it actually has very few options for blocking the snapback mechanism that it previously agreed to, so long as at least one other nation actually calls for the sanction tool. 

‘This is the only time this has ever happened at the U.N. before,’ Noronha said. ‘They basically said, when we invoke snapback, what it does is it says U.N. sanctions will automatically return unless there’s a vote by the council to unanimously allow sanctions relief to remain on the books.’

The snapback mechanism would legally enforce all 15 UNSC member nations to reimpose sanctions on Iran, including Russia and any nation that may be sympathetic to Tehran.

If the snapback mechanism expires come October, the U.N.’s hands will likely be tied when it comes to countering Iran’s nuclear program, as it is unlikely any new resolutions on the issue will be able to pass through the council given the current geopolitical climate between the West and Russia.

This post appeared first on FOX NEWS

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XRP price prediction: the next Ripple target after losing key support

XRP price has crashed below a crucial support level, risking further downside as the crypto meltdown gains steam. It plunged to a low of $1.7020 on Monday morning, its lowest level since November last year. It has retreated by over 50% from its highest point this year, erasing billions of dollars in value. 

XRP price prediction: technical analysis

The daily chart shows that the price of Ripple is at risk of more downside in the coming days. That’s because the token has now plunged below two crucial support levels $1.9522 and $1.80. The initial support level was the neckline of the head and shoulders pattern whose head and shoulders were at $3.4 and $3. The H&S pattern is one of the most popular bullish signs in the market. 

The XRP coin has also moved below the key point at $1.80, the lowest swing on February 3rd this year. This price was a false breakout and the lowest point this year.

Now, the Ripple price has formed a death cross pattern as the 50-day and 200-day Weighted Moving Averages (WMA) have formed a death cross pattern. This is one of the most popular bearish signs in the market. The last time that the XRP price formed a death cross its price tumbled by more than 50%. 

XRP price has also plunged below the weak, stop, & reverse point of the Murrey Math Lines tool. Also, the Relative Strength Index (RSI) and the MACD indicators have continued falling, while the Average Directional Index (ADX) has pointed upwards, a sign that the downtrend is accelerating. 

Therefore, the XRP coin will likely continue falling as sellers target the next key support at $1.1162. This is a crucial target because it is slightly above the 78.6% Fibonacci Retracement level. Also, the distance between the head and the neckline is about 42%. 

Measuring the same distance from the neckline brings you to the target at $1.1162. The XRP target is also along the extreme oversold level of the Murrey Math Lines. 

XRP price chart | Source: TradingView

Why the Ripple price is crashing 

There are a few reasons why the XRP price is crashing. First, the coin is crashing as the crypto fear and greed index tumbles, a sign that investors fear a potential recession if the ongoing trade war accelerates.

This fear has outweighed the optimism surrounding XRP and Ripple after several important news. For example, the SEC ended the Ripple case that existed for a few years. Ending this case means that Ripple is now largely free to enter deals with companies like banks and money transfer firms in the USA.

Ripple Labs is seeking to become a major player in the cross-border payment industry by being an alternative to SWIFT, a network that handles over $150 trillion a year.

There is also optimism that the Securities and Exchange Commission (SEC) will approve a spot XRP ETF. Such ETFs could give investment firms afraid of dealing with keys to buy XRP and gain exposure to the token. 

A major risk about this is the rising concern that investors are not interested in altcoin ETFs. That’s because while Bitcoin ETFs have accumulated over $35 billion in assets, those tied to Ethereum have added just $2 billion.

Still, on the positive side, there is a likelihood that the XRP crash will abate soon if Donald Trump caves and ends his tariffs and if the Federal Reserve intervenes in the market.

The post XRP price prediction: the next Ripple target after losing key support appeared first on Invezz

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Shiba Inu, Cardano, BNB, LINK, DOGE prices crashed: buy, sell, or hold?

The crypto market has crashed, leading to a $1.5 trillion wipeout, with the total market cap of all coins plunging to $2.37 trillion. Bitcoin dived to $75,000, while Ethereum plunged to $1,445.

Other large altcoins like Cardano, Shiba Inu, Binance Coin (BNB), Dogecoin (DOGE), and Chainlink (LINK) have all plunged by double digits in the past 24 hours. So, with crypto prices falling, is it safe to buy the dip or just sell?

Why altcoins like Shiba Inu, Cardano, BNB, DOGE, and LINK crashed

Most altcoins have plunged by over 70% from their November highs. Shiba Inu price tumbled to a low of $0.00001047, down by almost 70% from its highest level last year. This simply means that a $1,000 invested in SHIB at its peak is now worth just $3,000.

Cardano price has tumbled to a low of $0.52, down by 60%, while the Binance Coin and Chainlink plunged to $518 and $10.15. All the other tokens, like Berachain, AAVE, Litecoin, XRP, Dogecoin, and Ethereum, have also imploded in the past few months. 

These altcoins have plunged for three main reasons. The first one is that market participants have become highly fearful because of Donald Trump’s tariffs and the slowing artificial intelligence (AI) industry. 

Trump announced a series of tariffs on all American trading partners. While most countries received the minimum tariff rate of 10%, the most significant ones will pay a higher price. China’s tariffs rose to 34%, while the European Union jumped to 20%. 

These tariffs means that the US may go through a recession in the coming months. In the worst case scenario, the country may go through stagflation, where a slow economic growth happens in a high inflationary period. Recent data showed that the US inflation remains above 3%, much higher than 2%, where the Fed believes is comfortable. 

Second, Shiba Inu, Cardano, and other altcoins plunged as investors sold the news following Trump’s election and inauguration. Most of these tokens jumped sharply after Trump was elected the next US election. They then dropped once he stepped into the White House. 

Third, these coins have crashed as investors have rotated from stocks to gold. Gold price has soared to a record high.

SHIB vs LINK vs ADA vs BNB vs DOGE chart | Source: TradingView

Is it safe to buy, hold, or sell these altcoins?

Now, with these altcoin prices crashing, crypto investors are worrying about whether to buy, hold, or sell their coins.

Analysts caution investors with no exposure to Bitcoin and other altcoins to remain in the sidelines as the crash may go on for a while. The alternative is where these investors use the dollar cost averaging approach to investing in these assets. DCA is an approach where one buys an asset continously as its price crashes. 

For investors already holding these assets, exiting now would point to a substantial loss since they have already crashed hard. As mentioned, a $10,000 investment in most altcoins has dropped to below $3,000. Holding these assets means that they will benefit when the prices bounces back. 

There are odds that these altcoins will bounce back over time. That’s because the crypto market has had such drawdowns in the past. For example, Bitcoin plunged to below $4,000 in 2020 at the onset of the pandemic and then roared back. Other tokens did worse.

A potential catalyst for these altcoins will be an intervention by the Federal Reserve, which may decide to cut interest rates soon. Such an easy money policy has helped these altcoins and other risky assets in the past. 

The post Shiba Inu, Cardano, BNB, LINK, DOGE prices crashed: buy, sell, or hold? appeared first on Invezz

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DAX, FTSE MIB, AEX, IBEX 35, SMI indices crashed: buy the dip?

The DAX index continued its strong downward trend on Monday as investors dumped their global equities as risks jumped. It slumped to a low of €18,900, its lowest level since September 12 last year. It has plummeted by more than 17% from the highest point this year.

The German DAX’s crash has mirrored the performance of other global indices. In Europe, the CAC 40 index dropped by 5.65% on Monday, while the Euro Stoxx 50 moved downwards by 6%. Other indices like AEX, FTSE MIB, and Swiss Market Index (SMI) also dived by over 5%.

Donald Trump adamant about tariffs

Top indices like the German DAX, Swiss SMI, Italy’s FTSE MIB, and the French CAC 40 dropped as Donald Trump remained adamant about the US tariffs on other countries. In a Truth Social post, Trump lamented about the substantially high trade deficit the US has with the European Union. 

Data shows that the US had a goods trade deficit worth over $235 billion with the EU last year, a 12.9% increase from a year earlier. However, the trade deficit narrows substantially when services are included. The US had a service surplus of over $109 billion in 2023, meaning that the overall surplus deficit is less than $60 billion. 

Also, the numbers don’t factor the fact that many US companies do a lot of business in Europe. Some of these firms are Procter & Gamble, Apple, Microsoft, and Colgate-Palmolive.

Trump insists that his tariffs are necessary to reduce these tariffs, which he believes are unsustainable. However, analysts worry that his thinking is flawed. For one, his basis for the 20% tariff he imposed on Europe was wrong.

Instead of imposing a real reciprocal tariff, Trump simply calculated the trade deficit, divided it with the total exports to the US, and then multiplied it with 100. He then divided the final figure with 2, coming up with 20%, a figure that economists and non-economists believe is flawed.

At the same time, a trade deficit is not necessarily a bad thing. A deficit is calculated by subtracting imports from exports. The challenge is that the US imports so much without selling more goods.

One way to lower the deficit would be to boost exports, which is highly unlikely because of the high labor costs and regulations. 

Top DAX, IBEX 35, FTSE MIB, and SMI indices laggards

Most companies in the DAX, IBEX 35, FTSE MIB, and the SMI indices have crashed as investors predict a recession in the both sides of the Atlantic. The most affected companies are those that do a lot of the Atlantic. 

Infineon, a top semiconductor in the DAX index, has plunged by over 22% in the last week because of its exposure to the US, which accounts for 10% of its total sales.  The other top laggards in the DAX are firms like Siemens, Adidas, Siemens Energy, Mercedes Benz, and Volkswagen. 

The top laggards in the IBEX 35 are companies like Repsol, ArceloMittal, IAG, and Bankiter, and Amadeus were among the top laggards. 

Is it safe to buy the dip in these European indices?

Analysts are questioning whether this is the best time to buy the dip in European indices like the German DAX, IBEX 35, FTSE MIB, and Swiss Market Index (SMI).

Most strategists believe that many of these indices will bounce back later this year once the market exits the extreme fear zone. Many of them recommend staying on the sidelines until the market stabilizes. Others recommend using the dollar cost averaging approach, which involves buying the dip slowly as the dip intensifies. 

They believe that these indices will ultimately bounce back once the Federal Reserve and the European Central Bank (ECB) intervenes.

The post DAX, FTSE MIB, AEX, IBEX 35, SMI indices crashed: buy the dip? appeared first on Invezz

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Here’s why IAG share price crashed, and why a rebound could be epic

The IAG share price has crashed hard this month, erasing most of its gains since last year, when it was one of the best-performing companies in the FTSE 100 index. It has dropped in the last three consecutive days, moving to a low of 210p, the lowest level since November last year. It is down by over 40% from its highest point this year. 

Why the IAG share price is crashing

The IAG stock price has crashed because of the ongoing trade war between the US and European countries. 

IAG is more exposed to the ongoing crisis because of the volume of trade it does between Europe and the United States. 

The company’s flagship brands like British Airways and Iberia make millions of euros a week from this route. As such, the ongoing trade war risks hurting the transatlantic route, especially when it is involving business travel.

Analysts expect many businesses to start cutting costs in the next few weeks as the trade war escalates. That’s because Trump set a 10% tariff on the UK and 20% for the rest of the European Union. In a note, analysts at TD Cowen said:

“We expect a world of slower growth, higher inflation, and a more isolationist US to significantly disrupt the competitive environment for airlines and ground the multiples back.”

Are these fears justified?

In theory, these fears are justified as tariffs will likely have a big impact across all industries. Also, the tariffs will make the cost of doing business much worse over time as companies will be forced to adjust their pricing.

However, there is a likelihood that these fears have been blown out of propotion for several reasons. First, IAG’s business may benefit from the tumbling crude oil prices. Brent, the international benchmark, has crashed to $63, while West Texas Intermediate (WTI) has moved to $59.55. 

Lower oil prices are good for airlines since it will help them lower the cost of doing business because jet fuel is the most important input cost. 

Second, airlines have gone through a worse period before. For example, they saw a sharp dive in demand after the 911 attack in 2001. Most recently, all of these companies suffered as they were forced to park their planes during the pandemic. 

Third, IAG’s business is doing well, as evidenced by the recently released annual results. The data showed that the company made over €32 billion in 2024, a 9% increase from a year earlier. 

This growth led to a 2.9% annual profit increase, which jumped to over €2.7 billion. The company guided to strong results this year as it reduced its debt. IAG also continued to pay dividends to its shareholders.

IAG share price analysis

IAG stock chart | Source: TradingView

The daily chart shows that the ETH price has crashed in the past few days as concerns about the transatlantic route remains. This decline is in line with our previous IAG stock forecast. It has dropped from 370p to 218p today as it crashed below all moving averages.

The Relative Strength Index (RSI) and the Stochastic Oscillator have all crashed to the oversold levels. 

Therefore, a contrarian case can be made on the IAG stock in the near term since the company has strong fundamentals. If this happens, it may bounce back to the 200-day moving average point at 276p.

The post Here’s why IAG share price crashed, and why a rebound could be epic appeared first on Invezz

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Crypto prices crash as investors shift to viral pepeX

The crypto market continues to record significant losses as tariff jitters keep buyers on the sidelines. Compared to a fear level of 34 in the previous session, the crypto fear & greed index has dropped further to 23.

Amid the economic uncertainties, savvy investors appear to be shifting their attention away from the majors to revolutionary meme projects with robust growth potential. PepeX, the first AI-powered meme coin launchpad tops the list of meme ICOs of 2025. Its mission is to bring fair back to “fair launches”, placing the control in the hands of the community.

Ethereum price readies for a corrective rebound as top ETFs record daily inflows 

Since the beginning of the year, Ethereum price has recorded 9 weekly losses out of the total 13 weeks. While the selling pressure is set to continue in the ensuing sessions, the top altcoin may have found its short-term bottom. According to SoSoValue, Ethereum spot ETFs recorded daily total net inflow of $2.06 million on 4th April with BlackRock, Fidelity, and Grayscale’s options topping the list at $4.05 billion, $1.41 billion, and $567.88 million, respectively. 

A look at its daily price chart shows Ethereum price deep in the oversold territory at an RSI of 26. With the probable corrective rebound, $1750 is a resistance level worth watching. Below its current support zone of $1415, the bears will be eyeing a two-year low of $1375.

ETH price chart | source: TradingView

Read more: Crypto fear and greed index crashes as liquidations top $1B: buy the dip?

PepeX on list of top meme tokens of 2025 as investors shift from majors

The meme culture is undergoing a revolution that is set to create a significant number of crypto millionaires. Indeed, amid the tariff jitters, savvy investors are looking past the majors for opportunities in affordable tokens with real-world use cases.

Based on its infrastructure and robust growth potential, PepeX has secured its place at a top meme ICO in 2025. As the world’s first AI-powered tokenization launchpad, the project has made it its mission to “make fair launched fair again”. This includes suppressing any form of gatekeeping, discouraging insider manipulation, and placing control in the hands of the community.  

Crypto enthusiasts, including those with no coding skills, can create a token swiftly and with ease. With AI, they don’t have to be anxious about branding and marketing the token. 

At the same time, PepeX is keen on protecting the holders’ investment by capping the creators’ holdings at 5% of the total supply. As such, should a token project fail, the founders lose their locked liquidity, which is redistributed to the community. With other measures such as anti-sniping protections, PepeX has sealed all the loopholes observed in the likes of Pump.fun.  

It is this assurance and growth potential that have savvy investors flocking to the meme project despite the persistent tariff jitters that have impacted the broader crypto market. Even before hitting the public shelves in Q3, the early adopters have an opportunity to rake in cumulative gains of upto 311% during the ongoing presale. 

With every 3-day stage, the token price increases by 5%. So far, it has already sold out the initial 4 stages; raising over $1.2 million in just two weeks.

Cardano price approaches oversold territory amid the heightened tariff jitters

Cardano price chart | Source: TradingView

Cardano price has been trading in the red for 4 out of the past 5 weeks, and appears set for another weekly loss as the market continues to react to Trump’s aggressive tariffs. On Monday, the altcoin dropped further to a level last recorded in November 2024. 

A look at its daily price chart shows it hovering near the oversold territory at an RSI of 31. Notably, the indicator is facing downwards; indicating that Cardano price may record further losses in the short term. 

As the bulls defend the support at $0.4975, the altcoin may record a corrective rebound with resistance expected at $0.6500. A further drop may have the bears test the lower support level of $0.4450.

Read more: Shiba Inu, Cardano, BNB, LINK, DOGE prices crashed: buy, sell, or hold?

The post Crypto prices crash as investors shift to viral pepeX appeared first on Invezz

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From Wall Street to GOP, Trump tariffs trigger growing opposition

Donald Trump’s aggressive push for sweeping reciprocal tariffs is increasingly drawing sharp criticism not just from global trading partners, but also from his allies in the business community and his own party.

What began as a bold economic move to shore up domestic manufacturing has now spiralled into a source of growing alarm, as concerns mount over potential damage to the US economy and its global standing.

Prez losing the confidence of global business leaders: Ackman tweets

The discontent spilled into the open over the weekend, as prominent investor Bill Ackman, a former Trump endorser, issued a rare and pointed rebuke.

In a lengthy statement, Ackman cautioned that the president’s tariff-heavy strategy could isolate the United States and trigger a devastating global economic backlash.

“By placing massive and disproportionate tariffs on our friends and our enemies alike and thereby launching a global economic war against the whole world at once, we are in the process of destroying confidence in our country as a trading partner, as a place to do business, and as a market to invest capital,” Ackman said.

He urged Trump to pause for 90 days to negotiate fairer trade agreements rather than escalate tensions.

“If, on April 9th, we launch economic nuclear war on every country in the world, business investment will grind to a halt, consumers will close their wallets and pocket books, and we will severely damage our reputation with the rest of the world that will take years and potentially decades to rehabilitate,” Ackman warned.

Corporate America grows anxious as market turmoil deepens

Business leaders are increasingly voicing their concerns, albeit cautiously.

At the Yale CEO Caucus held last month, an impromptu poll revealed a growing sense of unease among top executives about the potential fallout from Trump’s trade policies, Fortune reported.

According to the Wall Street Journal, 44% of CEOs said they would raise their concerns if markets plunged by 20%, while 22% pointed to a 30% drop, and 10% cited a catastrophic 50% decline.

Nearly a quarter believed it was not their role to intervene.

Jeffrey Sonnenfeld, the Yale professor who convened the summit, noted that many CEOs feel caught between their economic anxieties and political risks.

“They don’t want to be the lightning rod,” he said. “Then it becomes personalized to them.”

Privately, corporate board members are urging discreet lobbying rather than public confrontation.

“You don’t want to be the barking dog for everyone else because you’re going to be the one who will get shot,” one board member told the Financial Times.

Another emphasised the need for quiet diplomacy, advising Trump’s aides that tariffs would hurt his core constituents through rising prices and job losses.

Adding to the growing chorus, the Business Roundtable issued a carefully worded statement supporting the president’s goal of fair trade but cautioning that universal tariffs between 10% and 50% risk severe harm to American manufacturers, workers, and families.

Republican dissent signals cracks in party unity

The business community is not alone in its apprehensions. Republican lawmakers are beginning to break ranks, publicly questioning the wisdom of Trump’s tariff blitz.

Senator Ted Cruz of Texas issued a stark warning, predicting that Republicans could face a “bloodbath” in the 2026 midterm elections if Trump’s tariffs triggered a recession.

“There are voices within the administration that want to see these tariffs continue for ever and ever,” Cruz cautioned.

He emphasised that retaliatory measures from other nations could devastate American jobs and the broader economy.

Senator Thom Tillis of North Carolina voiced similar concerns, highlighting the risks to farmers in his state.

“Anyone who says there may be a little bit of pain before we get things right need to talk to my farmers who are one crop away from bankruptcy,” he told CNN.

Further cracks emerged just hours after Trump unveiled what he called “liberation day” tariffs.

Four Republican senators defied the president by voting for a Democrat-led Senate resolution demanding the reversal of a 25% tariff on Canadian goods.

While largely symbolic, the resolution garnered support from prominent Republicans including Senate Minority Leader Mitch McConnell, Rand Paul, and Susan Collins.

The dissenting voices reflect a broader, though often muted, discomfort within the party. Many fear political repercussions from Trump loyalists but privately acknowledge the potential economic fallout.

Markets reel as tariffs spark global rout

Meanwhile, despite the warnings, Trump remains defiant. Speaking to reporters aboard Air Force One on Sunday, the president defended his strategy, claiming that short-term pain was necessary for long-term gain.

“Sometimes you have to take medicine to fix something,” he remarked. Trump predicted that jobs and investment would flood back to the United States, making it “wealthy like never before.”

His top officials reinforced that message, insisting the tariffs would proceed as planned and downplaying the threat of recession.

Yet, global markets told a different story.

Within hours of Trump’s comments, Asian markets plunged. Japan’s Nikkei 225 tumbled 7.8%, while Hong Kong’s Hang Seng Index suffered an even steeper fall of over 12%.

According to Deutsche Bank analysts, the rout marked the fourth worst two-day market slump since World War II, eclipsed only by the crashes of 1987, the 2008 financial crisis, and the early days of the Covid-19 pandemic.

Deutsche further warned that the market disruption was the most severe since President Richard Nixon abandoned the gold standard in 1971, underlining the gravity of the unfolding turmoil.

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Here’s why IAG share price crashed, and why a rebound could be epic

The IAG share price has crashed hard this month, erasing most of its gains since last year, when it was one of the best-performing companies in the FTSE 100 index. It has dropped in the last three consecutive days, moving to a low of 210p, the lowest level since November last year. It is down by over 40% from its highest point this year. 

Why the IAG share price is crashing

The IAG stock price has crashed because of the ongoing trade war between the US and European countries. 

IAG is more exposed to the ongoing crisis because of the volume of trade it does between Europe and the United States. 

The company’s flagship brands like British Airways and Iberia make millions of euros a week from this route. As such, the ongoing trade war risks hurting the transatlantic route, especially when it is involving business travel.

Analysts expect many businesses to start cutting costs in the next few weeks as the trade war escalates. That’s because Trump set a 10% tariff on the UK and 20% for the rest of the European Union. In a note, analysts at TD Cowen said:

“We expect a world of slower growth, higher inflation, and a more isolationist US to significantly disrupt the competitive environment for airlines and ground the multiples back.”

Are these fears justified?

In theory, these fears are justified as tariffs will likely have a big impact across all industries. Also, the tariffs will make the cost of doing business much worse over time as companies will be forced to adjust their pricing.

However, there is a likelihood that these fears have been blown out of propotion for several reasons. First, IAG’s business may benefit from the tumbling crude oil prices. Brent, the international benchmark, has crashed to $63, while West Texas Intermediate (WTI) has moved to $59.55. 

Lower oil prices are good for airlines since it will help them lower the cost of doing business because jet fuel is the most important input cost. 

Second, airlines have gone through a worse period before. For example, they saw a sharp dive in demand after the 911 attack in 2001. Most recently, all of these companies suffered as they were forced to park their planes during the pandemic. 

Third, IAG’s business is doing well, as evidenced by the recently released annual results. The data showed that the company made over €32 billion in 2024, a 9% increase from a year earlier. 

This growth led to a 2.9% annual profit increase, which jumped to over €2.7 billion. The company guided to strong results this year as it reduced its debt. IAG also continued to pay dividends to its shareholders.

IAG share price analysis

IAG stock chart | Source: TradingView

The daily chart shows that the ETH price has crashed in the past few days as concerns about the transatlantic route remains. This decline is in line with our previous IAG stock forecast. It has dropped from 370p to 218p today as it crashed below all moving averages.

The Relative Strength Index (RSI) and the Stochastic Oscillator have all crashed to the oversold levels. 

Therefore, a contrarian case can be made on the IAG stock in the near term since the company has strong fundamentals. If this happens, it may bounce back to the 200-day moving average point at 276p.

The post Here’s why IAG share price crashed, and why a rebound could be epic appeared first on Invezz

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