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Billionaire Elon Musk says he hopes the U.S. and Europe can develop their economic relationship toward eliminating the need for tariffs.

Musk made the statement during a video interview with Italian Deputy Prime Minister Matteo Salvini on Saturday.The billionaire says he has advised President Donald Trump to bolster the relationship with European countries.

‘At the end of the day, I hope it’s agreed that both Europe and the United States should move ideally, in my view, to a zero-tariff situation, effectively creating a free trade zone between Europe and North America,’ Musk said.

He went on to say he would like to see greater freedom of movement between Europe and the U.S. as well.

‘If people wish to work in Europe or wish to work in North America, they should be allowed to do so in my view,’ Musk said, adding that this ‘has certainly been my advice to the president.’

Musk’s statement comes less than a week after Trump unveiled sweeping tariffs against virtually every major country on earth.

The initial 10% ‘baseline’ tariff took effect at U.S. seaports, airports and customs warehouses on Thursday. Higher taxes on goods from 57 larger trading partners are set to start later this week.

European Union imports will face a 20% tariff, while Chinese goods will be hit with a 34% tariff, bringing Trump’s total new taxes on China up to 54%.

World leaders in Europe and elsewhere have vowed to retaliate against the tariffs. China, hit harder than any other nation, promised to ‘take countermeasures to safeguard its own rights and interests’ last week.

European Commission President Ursula von der Leyen says Europeans ‘feel let down by our oldest ally.’

‘Uncertainty will spiral and trigger the rise of further protectionism. The consequences will be dire for millions of people around the globe,’ she said.

Fox News’ Landon Mion and Reuters contributed to this report.

This post appeared first on FOX NEWS

Warren Buffett went on the record Friday to deny social media posts after President Donald Trump shared on Truth Social a fan video that claimed the president is tanking the stock market on purpose with the endorsement of the legendary investor.

Trump on Friday shared an outlandish social media video that defends his recent policy decisions by arguing he is deliberately taking down the market as a strategic play to force lower interest and mortgage rates.

“Trump is crashing the stock market by 20% this month, but he’s doing it on purpose,” alleged the video, which Trump posted on his Truth Social account.

The video’s narrator then falsely states, “And this is why Warren Buffett just said, ‘Trump is making the best economic moves he’s seen in over 50 years.’”

The president shared a link to an X post from the account @AmericaPapaBear, a self-described “Trumper to the end.” The X post itself appears to be a repost of a weeks-old TikTok video from user @wnnsa11. The video has been shared more than 2,000 times on Truth Social and nearly 10,000 times on X.

Buffett, 94, didn’t single out any specific posts, but his conglomerate Berkshire Hathaway outright rejected all comments claimed to be made by him.

“There are reports currently circulating on social media (including Twitter, Facebook and Tik Tok) regarding comments allegedly made by Warren E. Buffett. All such reports are false,” the company said in a statement Friday.

CNBC’s Becky Quick spoke to Buffett Friday about this statement and he said he wanted to knock down misinformation in an age where false rumors can be blasted around instantaneously. Buffett told Quick that he won’t make any commentary related to the markets, the economy or tariffs between now and Berkshire’s annual meeting on May 3.

While Buffett hasn’t spoken about this week’s imposition of sweeping tariffs from the Trump administration, his view on such things has pretty much always been negative. Just in March, the Berkshire CEO and chairman called tariffs “an act of war, to some degree.”

“Over time, they are a tax on goods. I mean, the tooth fairy doesn’t pay ’em!” Buffett said in the news interview with a laugh. “And then what? You always have to ask that question in economics. You always say, ‘And then what?’”

During Trump’s first term, Buffett opined at length in 2018 and 2019 about the trade conflicts that erupted, warning that the Republican’s aggressive moves could cause negative consequences globally.

“If we actually have a trade war, it will be bad for the whole world … everything intersects in the world,” Buffett said in a CNBC interview in 2019. “A world that adjusts to something very close to free trade … more people will live better than in a world with significant tariffs and shifting tariffs over time.”

Buffett has been in a defensive mode over the past year as he rapidly dumped stocks and raised a record amount of cash exceeding $300 billion. His conglomerate has a big U.S. focus and has large businesses in insurance, railroads, manufacturing, energy and retail.

This post appeared first on NBC NEWS

Americans nearing retirement and recent retirees said they were anxious and frustrated following a second day of market turmoil that hit their 401(k)s after President Donald Trump’s escalation of tariffs.

As the impending tariffs shook the global economy Friday, people who were planning on their retirement accounts to carry them through their golden years said the economic chaos was hitting too close to home.

Some said they are pausing big-ticket purchases and reconsidering home renovations, while others said they fear their quality of life will be adversely affected by all the turmoil.

“I’m just kind of stunned, and with so much money in the market, we just sort of have to hope we have enough time to recover,” said Paula, 68, a former occupational health professional in New Jersey who retired three years ago.

Paula, who spoke on the condition of anonymity because she feared retaliation for speaking out against Trump administration policies, said she was worried about what lies ahead.

“What we’ve been doing is trying to enjoy the time that we have, but you want to be able to make it last,” Paula said Friday. “I have no confidence here.”

Trump fulfilled his campaign promise this week to unleash sweeping tariffs, including on the United States’ largest trading partners, in a move that has sparked fears of a global trade war. The decision sent the stock market spinning. On Friday afternoon, the broad-based S&P 500 closed down 6%, the tech-heavy Nasdaq dropped 5.8%, and the Dow Jones Industrial Average fell more than 2,200 points, or about 5.5%.

As Wall Street reeled Friday after China hit back with tariffs against the U.S., millions of Americans with 401(k)s watched their retirement funds diminish along with the stock market.

“I looked at my 401(k) this morning and in the last two days that’s lost $58,000. That’s stressful,” said Victor Fettes, 54, of Georgia, who retired last week as a senior director of risk management and compliance at Verizon. “If that continues, I can’t stay retired.”

Trump has said the tariffs will force businesses to relocate manufacturing and production back to the U.S. and bring back jobs. Some investors and business groups have pushed back, saying they are likely to lead to higher prices for U.S. consumers.

“Our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike,” Trump said recently. “But it is not going to happen anymore.”

The president has acknowledged the potential pain coming to some Americans’ wallets, but he continues to staunchly defend his agenda.

“MY POLICIES WILL NEVER CHANGE,” he posted to social media Friday. Later, he wrote, “ONLY THE WEAK WILL FAIL.”

Trump’s tariffs are steeper and more widespread than any in modern American history. They are potentially even broader than the tariffs of 1930 that historians said worsened the Great Depression.

Some Americans thinking about retirement told NBC News they feel their economic stability is being played with.

“I don’t want to have to worry that everyone is constantly changing my financial reality,” said Alison Carey, 64, of Oregon, a freelancer in the theater industry. “Let the economy do its machinations, but don’t put me in the gears.”

Paula said she and other older Americans are living with “anxiety about something where you don’t really know what’s going to happen. You can’t do anything though.”

She and her husband have decided to pause and reduce spending on big-ticket items. They are reconsidering vacations and home renovations.

“We can’t change anything right now, except our spending,” she said. “I’m sure there are consumers across the board that want to be cautious, too. Then it becomes a vicious cycle. Consumer confidence goes down.”

One in five Americans age 50 and over have no retirement savings, and more than half, 61%, are worried they will not have enough money to support them in retirement, according to a survey published by the AARP last April.

“It makes you realize how out of touch the current administration is with regular people,” said Benajah Cobb, 63, Carey’s husband, who also works in the theater industry.

He said he hoped the last few days of stock market turmoil would motivate lawmakers to put more checks and balances on the president.

“It’s happening so quickly. Things are falling apart so quickly,” he said. “I’m hoping Congress will try to step up a bit, the Republicans in Congress.”

Fettes said he has been calling his representatives about the tariffs and other issues “to make sure that as a constituent, our voices are being heard.”

“We believe firmly in our family that a democracy is a participatory game, and so we want to make sure that our representatives understand where we’re at and what we would like for them to do to represent,” he said.

Paula said that as she and her husband continue to monitor their retirement accounts, their biggest fear is how Trump’s policies could impact the quality of the rest of their lives — and when their funds will run out.

“That’s my big worry, when is that shortfall going to happen now?” she said.

This post appeared first on NBC NEWS

Federal Reserve Chair Jerome Powell has raised alarm over President Donald Trump’s sweeping new tariffs, warning that the economic impact could be more severe than anticipated — with inflation rising and growth slowing amid growing uncertainty.

Speaking at a conference of business journalists in Arlington, Virginia, Powell cautioned that the latest import taxes introduced by the Trump administration are “larger than expected” and could unleash a complex set of challenges for the US economy and the central bank.

The fresh tariffs — announced on Wednesday and targeting a wide array of global trading partners — have already roiled financial markets, erasing around 10% from major US stock indexes by Friday.

Powell said:

We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation.

This, he added, directly undermines the Fed’s dual mandate of price stability and maximum employment.

While Powell refrained from commenting directly on the sharp equity sell-off, his speech acknowledged the difficult choices ahead for monetary policymakers.

The Federal Reserve, he said, will remain focused on anchoring long-term inflation expectations while assessing the fallout from the tariffs.

Although initial impacts from tariffs typically lead to temporary price hikes, Powell warned the effects this time may be more persistent.

“Our obligation is to ensure that a one-time increase in the price level does not become an ongoing inflation problem,” he said.

The Fed, for now, will hold off on immediate action and continue monitoring incoming data.

“It is too soon to say what will be the appropriate path for monetary policy,” Powell stated, noting that the Fed is well-positioned to wait for greater clarity.

A key challenge for the central bank is reconciling strong “hard” data — like March’s 228,000 new jobs and 4.2% unemployment rate — with “soft” data such as business sentiment and surveys, which signal an economic slowdown ahead.

This divergence, Powell noted, could widen as the economic consequences of trade tensions unfold.

Markets have reacted sharply.

Investors now anticipate four quarter-point rate cuts from the Fed this year, up from three before Trump’s tariff move.

Some analysts estimate that average US import taxes could rise to as high as 27%, a significant increase from around 2.5% under the Biden administration.

The broader trade fallout also includes retaliatory measures from China. Beijing has imposed 34% tariffs on US goods, restricted mineral exports vital to the tech industry, and limited imports of American poultry — signaling rising geopolitical and economic tensions.

Other Fed officials echoed Powell’s concerns. Fed Governor Lisa Cook noted that inflation expectations had already started rising before Trump’s announcement.

Vice Chair Philip Jefferson warned that the uncertainty could hurt household and business spending, while Fed Governor Adriana Kugler added that early signs of stagflation — the toxic mix of stagnant growth and inflation — may be emerging.

As the central bank navigates this volatile environment, Powell made clear that taming inflation and protecting economic stability remain top priorities. But with tariff-induced headwinds mounting, the Fed’s task is becoming increasingly delicate.

The post Powell warns Trump’s steep tariffs may trigger higher inflation and slow US growth appeared first on Invezz

AT&T stock price continues to fire on all cylinders and is now sitting at a record high as its turnaround efforts continues. It has jumped in the last four consecutive weeks, meaning that it has surged by 75% in the last 12 months. This surge means that it has beaten the S&P 500 Index, which has risen by just 3.73%. 

Turnaround continues to gain steam

AT&T stock price has done well as investors cheered the company’s turnaround strategy, including a dividend cut. 

The turnaround also included the company exiting its media company, which led to the creation of Warner Bros. Discovery, a large, but struggling media entity. It also sold its stake in DirecTV to TPG, a deal expected to be completed this year.

These divestments helped the company to refocus on its core business, which has helped it to grow its business.

Further, the company has also improved its balance sheet, with its net-debt-to-adjusted EBITDA ratio reaching its target of 2.5x later this year. It will use proceeds of its DirecTV to pay its debt. This is a notable thing since AT&T is still one of the most indebted companies in Wall Street. 

Read more: Long T: AT&T’s Robust Earnings and Strategic Initiatives Signal Potential Upside Towards $28

AT&T strong earnings

AT&T’s turnaround has helped it achieve steady revenue and profitable growth. This growth was also helped by the fact that the pricing wars that existed a few years ago seem to have ended now.

The most recent results showed that the company was doing well as the number of postpaid phone subscribers rose to 72.7 million in Q4, up from 71.3 million in the same period a year earlier. 

This growth helped to push its mobility revenue up by 3.3% to $16.6 billion and its EBITDA to $8.9 billion. 

AT&T’s fiber business, which is known for its dependable revenue growth is also doing well as the number of subscribers rose to 9.3 million. The revenue rose by 17% to $2 billion, while consumer wireline brought in $1.2 billion. 

To be clear: AT&T has not become a growth company. Instead, it is a mature company experiencing slow growth, which is understandable. In such a situation, investors prefer one that achieves as high growth rate as possible while saving costs.

In this case, the company is working to achieve its cost target of $3 billion in savings by 2027. It is also using AI to achieve that.

Further, AT&T has embarked on a program to reward its shareholders. It has announced a $10 billion share repurchase program that will help to grow its earnings per share (EPS). In line with this, it has a strong dividend yielding about 3.3%.

AT&T is also doing better than its internal and analysts’ estimates. Its adjusted EBITDA growth target of 2024 was 3%, while its end figure was 3.1%. Also, its EPS of $2.25 was higher than its guidance. 

AT&T stock price analysis

AT&T chart by TradingView

The daily chart shows that the AT&T share price continued its strong surge in the past few years. This rally continued this week since it will not be affected by Donald Trump’s tariffs

It has moved above the key resistance level at $27.95, invalidating a double-top pattern that was forming. AT&T stock has also remained above all moving averages. Therefore, the stock will likely continue rising as bulls target the next psychological point at $30, followed by $35. 

The post AT&T stock price is soaring: is it a good dividend company? appeared first on Invezz

Wall Street faced another brutal selloff on Friday, with major US stock indexes suffering their worst two-day decline since the pandemic era, as China fired back with sweeping retaliatory tariffs against American goods.

Investors are now bracing for a potential global recession sparked by escalating trade tensions under President Donald Trump’s administration.

The Dow Jones Industrial Average sank by a staggering 2,011 points, or 4.98%, marking its steepest one-day loss since June 2020.

Combined with Thursday’s 1,679-point plunge, the blue-chip index has now tumbled 14% from its recent record high as fears of a full-blown trade war with China intensify.

The S&P 500 Index followed suit, dropping 5.4% on Friday after shedding 4.84% the previous day.

The benchmark index is now down 17% from its peak, edging closer to bear market territory.

Meanwhile, the tech-heavy Nasdaq Composite crashed 5.5%, building on Thursday’s 6% loss, and is now 22% below its December high—an official bear market by Wall Street standards.

Investor anxiety surged after China’s Ministry of Commerce announced a hefty 34% tariff on all US goods, a move that dashed hopes for diplomatic negotiations and instead confirmed a tit-for-tat economic escalation.

The aggressive countermeasures sparked concerns that global supply chains and export-dependent industries would be severely disrupted.

Technology stocks bore the brunt of Friday’s market rout, with some of the largest U.S. firms suffering major losses due to their reliance on Chinese markets.

Apple shares plunged 7%, adding to a 13% weekly loss. Nvidia, a key player in artificial intelligence and semiconductor markets, dropped 8%. Tesla also took a beating, sinking 10% amid mounting trade-related uncertainty.

Large industrial exporters weren’t spared either. Boeing and Caterpillar, both heavily dependent on international demand, fell 9% and 6%, respectively, dragging down the Dow.

Beyond tariffs, Beijing ramped up pressure on American businesses by expanding its “unreliable entities list,” which targets companies accused of violating market rules. Additionally, Chinese regulators launched an antitrust probe into chemical giant DuPont, causing its stock to plunge 12%.

In a classic flight to safety, investors poured into government bonds. The yield on the 10-year US Treasury note dipped below 4%, signaling a rush into safe-haven assets as equities crumbled.

Meanwhile, the CBOE Volatility Index (VIX)—commonly known as Wall Street’s “fear gauge”—spiked above 40, a level typically associated with intense market panic.

Amid the market chaos, the March jobs report painted a mixed picture.

The US economy added 228,000 nonfarm payrolls, but the unemployment rate ticked up to 4.2%.

President Trump, however, hailed the data on his Truth Social platform, claiming that his tariff strategy was already paying off.

As the trade war deepens, market participants are now closely watching for further retaliatory steps from Beijing and potential policy responses from the Federal Reserve, which is already grappling with inflationary pressures and slowing growth.

The post Dow plunges over 2,000 points as China slaps retaliatory tariffs, tech stocks lead Wall Street meltdown appeared first on Invezz

Amazon is recalibrating its Alexa Fund to match the company’s shifting ambitions in artificial intelligence, moving beyond voice assistants to back startups building future-facing AI tools and hardware.

Originally launched in 2015 to support voice tech innovation around Alexa, the fund is now widening its investment lens to encompass five new strategic categories.

These include generative media, AI-powered robotics, next-generation AI architecture, specialised AI agents, and on-the-go devices.

The expansion follows Amazon’s December release of its first foundation models, dubbed “Nova,” and a significant AI refresh of Alexa’s capabilities.

But this latest shift signals that the Alexa Fund is no longer solely tethered to the smart assistant—it is becoming a broader vehicle to scout and support AI-driven startups that could influence various parts of Amazon’s sprawling ecosystem.

Five new areas of investment target AI beyond voice

The Alexa Fund will now invest in startups across five major AI-driven sectors.

The first, “on-the-go,” is geared towards hardware and mobile AI products that can operate independently of app stores and smartphone platforms.

Amazon sees this as key to unlocking a post-app era, where AI interfaces replace conventional mobile applications.

The second focus area is “generative media,” targeting startups developing AI-driven content platforms.

The goal is to fund the future equivalent of “an AI Netflix or an AI YouTube,” positioning Amazon to tap into a new generation of personalised content delivery systems.

The third category, “specialised AI experts,” includes AI agents and chatbots tailored to high-value verticals like healthcare, education, travel, and wellness.

This aligns with broader industry moves towards domain-specific AI tools that can support more complex user needs.

Fourth, “next-generation architecture” seeks to go beyond the now-ubiquitous transformer models.

Amazon is interested in startups working on alternative architectures that might define the next leap in AI capabilities.

Finally, the fund is placing bets on robotics, with an eye on general-purpose robots and physical AI embodiments that can interact with the real world.

Four new startups receive Amazon’s backing

As part of this broader push, the Alexa Fund has backed four AI-focused startups across different sectors.

These include:

  • NinjaTech, a platform for AI-based personal assistants;
  • Hedra, a media generation studio using generative AI for visual content;
  • Ario, which helps parents organise and manage daily tasks using AI;
  • HeyBoss, a no-code platform that enables users to build apps without programming knowledge.

These investments reflect Amazon’s strategy to spot and nurture companies that could offer synergy across multiple Amazon business lines—from Prime Video and retail logistics to smart home devices and cloud services.

Linked to Nova launch

The Alexa Fund’s diversification comes on the heels of Amazon launching its first family of foundation models—Nova—in December.

These models were designed to boost the capabilities of Alexa and other Amazon services through generative AI, bringing the company into closer competition with rivals like Google, Microsoft, and OpenAI.

Rather than confining AI developments to its voice assistant, Amazon is now funnelling investment into startups that could enhance its broader AI stack, including AWS offerings, content delivery platforms, and consumer hardware.

While the Alexa Fund still retains a connection to Alexa, its broader mission is now to fuel AI startups that have implications across Amazon’s ecosystem.

The post Amazon Alexa Fund expands AI investment strategy with five new focus areas appeared first on Invezz

When Puma announced on Thursday that former Adidas sales chief Arthur Hoeld would become its new CEO, replacing Arne Freundt over “differing views on strategy execution,” it wasn’t just a routine leadership shake-up.

The move added another chapter to one of the most iconic rivalries in corporate history: Puma versus Adidas.

That rivalry, marked by talent swaps and strategic one-upmanship, had also seen a dramatic turn in 2022 when Puma hired Bjørn Gulden, who had been a senior vice president of apparel and accessories at Adidas in the 1990s, to lead the company as its CEO.

But beneath these boardroom moves lies a far older and more personal story—one that began with a bitter sibling split in a small German town and evolved to become one of the most legendary feuds in global sportswear.

Adidas and Puma, two of the world’s largest sportswear giants, owe their origins not just to ambition and innovation, but to a bitter rift between two German brothers — Adolf and Rudolf Dassler.

This is their story:

A feud born in the Dassler family

The story begins in the 1920s in Herzogenaurach, a town of just over 20,000 people nestled in Germany’s Franconia region.

The Dassler brothers ran a shoe company together — Gebrüder Dassler Schuhfabrik (Dassler Brothers Shoe Factory) — operating out of their mother’s laundry room.

Adolf, known as “Adi,” was the quiet craftsman, focused on design and detail. Rudolf, or “Rudi,” was the extrovert and the salesman, charismatic and bold.

The pair found early success, most famously when American sprinter Jesse Owens wore their shoes to win four gold medals at the 1936 Berlin Olympics.

But the business — and their relationship — began to unravel during World War II.

Misunderstandings, personal grudges, and political tension turned into open hostility

The exact trigger for the rift between the Dassler brothers remains disputed.

Local records merely refer to “internal family difficulties,” but the most widely circulated story is that Rudi—often described as the more charismatic of the two—had an affair with Adi’s wife, Käthe, a betrayal that permanently severed the brothers’ bond.

Other theories have also emerged over the years.

Some revolve around tensions over their political affiliations—both brothers joined the Nazi Party in 1933—and debates over who could claim credit for inventing the revolutionary screw-in football studs that helped West Germany clinch the 1954 World Cup on a rain-soaked pitch in Berne.

One particularly infamous episode dates back to 1943, during an Allied bombing raid over Herzogenaurach.

According to reports, Adi and Käthe rushed into an air raid shelter already occupied by Rudi and his family.

Upon seeing them, Rudi allegedly muttered, “The Schweinhunde (pig dogs) are back.”

Rudi later claimed he had been referring to the RAF bombers, but Adi was unconvinced—another slight that deepened their already fractured relationship.

By 1948, the brothers had gone their separate ways, and Herzogenaurach was never the same again.

Herzogenaurach: “the town of bent necks”

Rudolf set up his own company on one side of the Aurach River and called it Puma.

Adi remained on the other side and registered his company as Adidas, a portmanteau of his first and last names.

It is here that the headquarters of these two giants stand even today, barely a couple of miles apart.

What followed was not just a corporate rivalry, but a town-wide schism.

Herzogenaurach became known as “the town of bent necks,” because locals would first look down at your shoes before deciding whether to speak to you.

“The split between the Dassler brothers was to Herzogenaurach what the building of the Berlin Wall was for the German capital,” local journalist Rolf-Herbert Peters said in a Guardian report of 2009.

Marriages between employees of Adidas and Puma were discouraged.

Each factory had its own football club, barber, and pub — even churches and bakeries aligned with one side or the other.

“Even religion and politics were part of the heady mix. Puma was seen as Catholic and politically conservative, Adidas as Protestant and Social Democratic,” said Klaus-Peter Gäbelein of the local Heritage Association in the report.

Even in death, the divide persisted: the Dassler brothers are buried in the same cemetery, but at opposite ends.

From the Cold War on cleats to modern brand warfare

The Adidas-Puma rivalry has evolved from personal vengeance to boardroom competition.

For decades, both brands fought for supremacy in football sponsorships, athlete endorsements, and Olympic moments.

Adidas signed stars like Franz Beckenbauer and David Beckham, while Puma snapped up Pelé, Usain Bolt, and most recently, Neymar Jr.

The brands’ differing identities also became part of their competitive edge.

Adidas leaned into innovation, performance, and heritage. Puma took a more youthful, fashion-forward route, collaborating with artists like Rihanna and designers like Alexander McQueen.

Despite the intensity, modern leadership at both companies has attempted to thaw relations.

In 2009, employees from both firms played a symbolic football match to promote peace and reconciliation. But in the marketplace, the fight remains fierce.

Today, Adidas and Puma collectively generate billions in revenue, competing globally with the likes of Nike and Under Armour.

Yet in Herzogenaurach, the rift still echoes. Locals still joke that the easiest way to offend someone is to wear the wrong shoes.

The post Adidas vs. Puma: how a sibling split in a small German town gave birth to a longstanding rivalry appeared first on Invezz

President Donald Trump’s tariffs and the subsequent retaliation from other countries have been wreaking havoc on US stocks this week.

Still, famed investor Jim Cramer remains convinced that there are exciting buying opportunities in the stock market currently amid what he called a “manufactured sell-off” in his latest briefing to the Investing Club.

Three names in particular that he recommends buying on the recent pullback are Home Depot, Nvidia, and Amazon.

Home Depot Inc (NYSE: HD)

Cramer recommends buying the dip in HD shares as the home improvement retailer sources more than half of its goods from within North America.

More importantly, the former hedge fund manager expects Home Depot stock to benefit from lowering interest rates.

Note that mortgage rates currently sit at a six-month low.

Against that backdrop, “Home Depot should be bought, perhaps even aggressively,” according to Jim Cramer.

The pent-up demand for housing may also benefit HD stock moving forward, he added. Plus, a 2.56% dividend yield tied to Home Depot shares makes it all the more exciting to own at current levels.

Wall Street agrees with Cramer on the home improvement retailer. Analysts’ consensus “overweight” rating on HD comes with a mean target of $432, which translates to a more than 25% upside from current levels.

Nvidia Corp (NASDAQ: NVDA)

China has already announced retaliatory tariffs on American goods, which will hurt Nvidia as it has significant revenue exposure to the world’s second-largest economy.

Still, Jim Cramer recommends buying NVDA shares on the weakness as he continues to believe in the company’s long-term potential, particularly its pivotal role in the AI-driven industrial revolution.

Cramer sees Nvidia’s cutting-edge chips as central to AI advancements, which he sees as a transformative force across industries.

His view on Nvidia stock is also in line with that of Wall Street.

Despite a sharp sell-off, analysts see eventual recovery in the AI stock to $173, indicating a more than 85% upside from here.

Amazon.com Inc (NASDAQ: AMZN)

Almost half of the top 10,000 sellers on Amazon’s US marketplace are from China.

The e-commerce giant sources a large number of goods it sells from Beijing as well.

Still, the Mad Money host remains bullish on Amazon stock following the sell-off, partially because it’s trading at an attractive valuation.

AMZN is currently going for a forward price-to-earnings multiple of about 30, significantly below its historical average of more than 55.

Moreover, the multinational company has a robust business model and diversified revenue streams, which make it resilient to economic challenges, according to Jim Cramer.

Much like the other names on this list, Cramer’s view on AMZN shares is also in line with Wall Street analysts.

The average price target on the tech stock currently sits at about $267, signaling close to a 60% upside from here.

The post Jim Cramer names top 3 stocks to buy during market crash triggered by Trump tariffs appeared first on Invezz

Defense Secretary Pete Hegseth is slated to meet with Panama leaders next week amid President Donald Trump’s continued efforts to regain control of the key strategic and military resource. 

The Trump administration has been outspoken about national security threats presented by alleged Chinese interference.

During a February visit to the country, Secretary of State Marco Rubio wrote in an X post that ‘the United States cannot, and will not, allow the Chinese Communist Party to continue with its effective and growing control over the Panama Canal area.’ 

Chief Pentagon spokesman Sean Parnell confirmed on Friday the secretary of defense will attend the 2025 Central American Security Conference, participating in discussions that will ‘drive ongoing efforts to strengthen the U.S.’s partnerships with Panama and other Central American nations,’ according to a report from the Associated Press.

The president, who has criticized the six-figure premiums imposed on U.S. ships traveling along the vital waterway, previously suggested repurchasing the canal.

It was built by the U.S. over the span of multiple decades, but was eventually handed over to Panama during the Carter administration.

The ‘Panama Canal Repurchase Act,’ a bill that was recently introduced in Congress, would give Trump the authority to negotiate with appropriate Panamanian government officials to reacquire the Panama Canal.

Panama President José Raúl Mulino previously said China does not have influence over the canal and accused Trump of ‘lying’ about potentially acquiring it, according to the AP.

BlackRock, Inc. later announced a $23 billion deal with Hong Kong-based CK Hutchinson to take ownership of the Panamanian ports of Cristobal and Balboa, along with 43 ports in 23 other countries, Fox News Digital previously reported.

The canal could be used as leverage for China in U.S. tariff negotiations.

Hegseth will also visit Eglin Air Force Base in Florida to meet with military members and leadership at the 7th Special Forces Group, according to the AP.

Fox News’ Morgan Phillips contributed to this report.

This post appeared first on FOX NEWS