Latest news with #tariffpause
Yahoo
8 hours ago
- Business
- Yahoo
Rep. Marjorie Taylor Greene's Net Worth Jumped $21 Million Since Joining Congress — Top 6 Stocks She Was Buying Amid Tariff Chaos
Rep. Marjorie Taylor Greene (R-GA) is taking flak for buying several stocks just before President Donald Trump's April 9 announcement of a 90-day tariff pause for non-retaliating countries, which sparked a market rally. According to required public disclosures, Greene bought stocks worth roughly $21,000 and $315,000 on April 8 and April 9. She also sold between $50,000 and $100,0000 in Treasury bills at the time. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Maximize saving for your retirement and cut down on taxes: . Greene's net worth has reportedly increased from $700,000 before she joined Congress to approximately $22 million today, according to multiple media outlets. This rise is notable considering the salary of a congressional member is $174,000. According to stock trading data platform Quiver Quantitative, Greene has executed 450 stock trades since 2021, the year she joined the House. Let's take a look at some of the notable stocks she was buying before Trump's announcement of a 90-day pause on tariffs last month. Tesla (NASDAQ:TSLA) was among the important companies Greene was piling into before Trump announced a 90-day pause on his reciprocal tariffs last month. She bought Tesla shares worth between $1,000 to $15,000 on April 8, according to public disclosures. The stock has gained about 24% over the past month. Trending: Invest where it hurts — and help millions heal:. Greene bought Nvidia (NASDAQ:NVDA) shares worth up to $15,000 on April 9, according to her public disclosures. The stock has gained about 23% since then. Bank of America recently raised its price target for the chipmaker to $160 from $150, calling the company a "top beneficiary" of AI deals recently signed between the U.S. and Saudi Arabia. Palantir (NASDAQ:PLTR) shares are up 44% since April 9, when Greene bought the company's shares worth between $1,000 to $15,000. Last month, Bank of America raised its price target for Palantir to $150 from $125, citing the company's "bespoke" AI products. Greene bought Amazon (NASDAQ:AMZN) shares on April 8, according to her public disclosures. The next day, the stock jumped 12% amid a broader market rally following Trump's announcement of a 90-day pause on tariffs. Amazon shares are up 11% over the past 30 bought up to $15,000 worth of Apple (NASDAQ:AAPL) shares on April 9, her public filings show. The stock is up 2.2% since then. The company has been at the forefront of the US-China tariff war since most of its iPhones are manufactured in the Asian country. Nike (NYSE:NKE) was among the major companies most affected by Trump's announcement of reciprocal tariffs on April 2. However, the stock rose on April 9 after Trump announced a 90-day pause on duties against non-retalating countries, including Vietnam, which accounts for about 50% of the company's footwear manufacturing. Greene bought Nike shares worth up to $15,000 on April 8, according to her disclosures. Read Next: Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Rep. Marjorie Taylor Greene's Net Worth Jumped $21 Million Since Joining Congress — Top 6 Stocks She Was Buying Amid Tariff Chaos originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Globe and Mail
12-05-2025
- Automotive
- Globe and Mail
Should You Buy, Sell, or Hold Tesla Stock as Its China Deliveries Fall?
Tesla (TSLA) is seeing a significant rally after news broke of a temporary 90-day tariff pause between the U.S. and China. This comes as Tesla has been struggling with declining deliveries in China, which is the company's largest international market and a manufacturing hub for the automaker. Tesla investors are now optimistic after the tariff pause announcement, which has sent shares up by over 6% in Monday trading. The deal should give Tesla more breathing room as China and the U.S. work on a more comprehensive trade deal. Deliveries in China Fall The tariffs pause will help Tesla, but it is unlikely to reverse the concerning trends underway. The latest figures from the China Passenger Car Association (CPCA) paint a worrisome picture for Tesla investors. Tesla sold 58,459 vehicles last month, which is down almost 6% year-over-year and 25.84% from March. Plus, retail sales in China – cars made in China for sale in the country – to 28,731 vehicles in April 2025. This implies an 8.56% decline year-over-year and a 61.24% decline from March sales. Other Chinese EV makers have been capturing the market share lost. It now has just 3.2% of China's new energy vehicle (NEV) market, down sharply from 7.5% in March and 4.6% a year earlier. BYD (BYDDY) maintained its dominant position with 268,778 NEVs sold in the retail market in April and 29.7% market share. Is the Delivery Slump Temporary? Some bulls argue that Tesla's sales pattern is lumpy due to its practice of front-loading exports early in the quarter and focusing on domestic deliveries later. I don't think this is the case since Tesla's current China lineup is aging with no new releases to reignite demand. Chinese consumers are also looking at Tesla as a less innovative company than its rivals. For instance, BYD, which has the leading market share, recently released new fast-charging tech that can fully power a battery in as little as 5 minutes. Plus, the fact that Tesla is not a Chinese-owned brand is something that many experts warn could hurt sales volumes if Chinese consumers respond to U.S. trade tension by prioritizing domestic brands. An easing of tariffs should improve Tesla's performance in China, but local competition is not going to go away. Tesla was already losing market share before new tariffs went into effect. Should You Buy, Sell, or Hold TSLA Stock? Tesla has joined the rest of the market in a rally and has hit a $1 trillion valuation again. Despite dismal Q1 earnings, many investors here are still bullish due to Robotaxi and Optimus robot promises. But until fundamentals catch up, TSLA stock is unlikely to keep defying gravity. If broader market optimism continues, the stock will go up, but there are better places to put your money for such gains. There's a massive downside risk if Tesla keeps underperforming. It's hard to justify paying 156 times adjusted forward earnings and almost 9.8 times sales for a company that has declining revenue and has taken on so much brand damage. Until Musk's promises materialize, I'd keep my 'Sell' rating here. You will get better upside potential with much less downside risk in any other Magnificent 7 stock.
Al Jazeera
12-05-2025
- Business
- Al Jazeera
US and China agree to 90-day tariff pause after trade talks
NewsFeed US and China agree to 90-day tariff pause after trade talks The US and China have agreed to a 90-day pause on punitive trade tariffs, with both sides also set to reduce proposed levies by 115 percentage points, following trade talks in Geneva over the weekend. Chinese Vice Premier He Lifeng stressed the importance of resolving issues through equal and respectful dialogue.
Washington Post
09-04-2025
- Business
- Washington Post
Tracking Trump: A reversal on tariffs; Trump trains aim on China; Justice Department lawyer turnover; and more
President Donald Trump announced a tariff pause for most countries. The E.U. also issued retaliatory tariffs on U.S. products. A slew of lawyers representing Trump at the Supreme Court are leaving. The Supreme Court allowed Trump to remove independent regulators. FBI Director Kash Patel was removed as interim head of another agency.
