Stocks drift ahead of busy week
U S stocks finished mixed as traders braced for a volatile week. The S&P 500 rose 0.1 percent, the Dow gained 114 points, and the Nasdaq slipped 0.1 percent. Big tech earnings loom with Amazon Microsoft Meta and Apple set to report this week, while Caterpillar Exxon Mobil and McDonald’s may offer guidance on demand and pricing amid tariff uncertainty.
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Tariff Shock Hits U.S. Stores And Supply Chains
The Trump China tariffs to 145 percent disrupt cargo flows, pushing retailers toward shortages and higher prices. By mid May thousands of firms must restock. big players like Walmart and Target warn shelves may empty. Experts warn of a broad supply shock across trucking, logistics, and retail with potential Christmas spillover.
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Musk faces 2.37B in federal penalties under probe
A congressional memo alleges Elon Musk and his companies faced at least 2.37 billion dollars in potential federal penalties as of January 20, tied to his role advising Trump and promoting DOGE. It notes 38 billion in government contracts and 10.1 billion in SpaceX federal contracts, and calls for action to address conflicts of interest.
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