China announces retaliatory tariffs, U.S. unemployment rises: Morning Buzz

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Looking to commodities, lipid prices are sharply little owed to a planned output summation promised by OPEC+ arsenic good arsenic concerns astir what the commercialized warfare whitethorn owed to planetary economical growth. Additionally, golden prices are falling astir 2% to beneath $3,100.

Get caught up rapidly connected the apical quality and calls moving stocks with these 5 Top Five lists.

1. STOCK NEWS:

• China has announced plans to spot other 34% tariffs connected U.S. goods starting April 10 successful retaliation to caller tariffs from the U.S.

• March U.S. nonfarm payrolls roseate 228,000, with unemployment rising to 4.2%

• AppLovin (APP) said it has provided an denotation of involvement to President Trump to research a acquisition of TikTok successful each markets extracurricular China

• Guess (GES) reported better-than-expected Q4 results and named Alberto Toni arsenic its caller CFO

• Nintendo (NTDOY) is delaying Switch 2 pre-orders successful the U.S. to “assess the imaginable interaction of tariffs”

2. WALL STREET CALLS:

• Booking Holdings (BKNG) upgraded to Buy astatine BTIG up of expected Q1 beat

• Nordstrom (JWN) downgraded to Sell astatine Citi

• JPMorgan chopped Tesla (TSLA) estimates connected “unprecedented marque damage”

• Dow Inc. (DOW) downgraded to Neutral astatine JPMorgan

• BTIG downgraded Upwork (UPWK) with fundamentals “primed to instrumentality different limb down”

3. AROUND THE WEB:

• Ford (F) is extending its worker discounts to each caller car buyers, WSJ reports

• Stellantis (STLA) plans to widen its employee-discount programme to the nationalist connected astir caller models, WSJ says

• Nio (NIO) has commenced a caller circular of layoffs successful Europe successful an effort to little operational costs by 25% astatine a planetary scale, EV reports

• Meta’s (META) latest ample connection exemplary for AI, Llama 4, is moving down docket arsenic the institution has pushed backmost the merchandise day of Llama 4 astatine slightest doubly and could bash truthful again, The Information says

• Oracle (ORCL) told customers a hacker broke into a machine strategy and stole aged lawsuit log-in credentials, Bloomberg reports

4. MOVERS:

• GameStop (GME) increases aft announcing CEO Ryan Cohen bought 500K shares

• BCE (BCE) gains successful New York aft National Bank upgraded the banal to Outperform

• Toyota (TM) falls aft Nikkei Asia said the institution volition assistance screen suppliers’ higher costs tied to tariffs

• DuPont China (DD) little aft China Daily reported China’s State Administration for Market Regulation has launched a probe into the institution for suspected monopolistic practices

• Renovaro (RENB) slips aft Predictive Oncology (POAI) terminated their merger transaction