Finance

The Day the Dollar Almost Died

For several tense hours on April 9th, financial disaster loomed. After weeks of falling share prices, the normally stable market for U.S. Treasury bonds—a cornerstone of global safety—began to unravel. Yields on ten-year Treasuries surged to 4.5%, up from 3.9% just days earlier, signaling a sharp drop in bond prices. The simultaneous failure of both high-risk and supposedly safe assets threatened to shake the entire financial system to its core.

TECH

Big Tech, Big Bets, Big Losses: Trump-Backing CEOs Take a Hit

Several top tech leaders who backed Donald Trump—through donations, meetings, and public support—are now facing massive financial setbacks. Since the start of 2025, companies led by Elon Musk, Mark Zuckerberg, Jeff Bezos, Tim Cook, and Sundar Pichai have lost a combined $1.8 trillion in market value, with Musk alone down $143 billion. Despite hopes of policy perks, Trump’s tariff plans and economic uncertainty have instead triggered steep stock declines, shaking Big Tech’s bottom line.

CRYPTO

Trump's Tariff Pause Sparks Tech and Crypto Rally; Tesla, Nvidia Shine

President Donald Trump has announced a 90-day pause on his reciprocal tariffs, sparking an immediate rebound in the stock market—just days after those same tariffs triggered a steep selloff.

Tech stocks surged following the announcement, with major players like Apple, Sony, and Microsoft posting gains. Tesla led the rally, climbing 22.69% on the day. Intel jumped more than 17%, Nvidia rose over 15%, and shares of Meta, Amazon, Alphabet, and other tech giants also saw sharp increases.

Trump shared the news via his Truth Social account, stating:
“I have authorized a 90-day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”

However, the pause only applies to countries currently in negotiations with the U.S. Tariffs on goods from nations like China—who have responded with their own counter-tariffs—remain in place. In fact, Trump also announced a new 125% tariff on Chinese imports. A global 10% tariff introduced over the weekend will also stay in effect.