watch now VIDEO 3:22 03:22 How industries are faring one year after Trump's tariffs Digital Original A year after President Donald Trump declared his " liberation day " and imposed sweeping tariffs on imports , kicking off a wave of economic and political uncertainty, some companies are still feeling the effects. While some industries have emerged largely unscathed — having weathered twists and tu...
watch now VIDEO 3:22 03:22 How industries are faring one year after Trump's tariffs Digital Original A year after President Donald Trump declared his " liberation day " and imposed sweeping tariffs on imports , kicking off a wave of economic and political uncertainty, some companies are still feeling the effects. While some industries have emerged largely unscathed — having weathered twists and turns of several tariff iterations — others, such as retail, automotive, consumer packaged goods and pharmaceuticals, are navigating a new reality in global supply chains. "Leadership at U.S. corporations really had to think about where we buy from versus whether we can import or not," said Venky Ramesh, a supply chain expert with AlixPartners. "Around 80% to 85% of the costs were absorbed domestically, meaning either the U.S. corporations had to take the hit, or they passed it on to the customers, or a mix of both." On April 2, 2025, in the White House's Rose Garden, Trump announced broad country-by-country tariffs , as well as a 10% baseline levy on countries that weren't specifically listed in that declaration. Those tariff policies fluctuated wildly over the following months as Trump made deals and walked back some of the most extreme duties. With ever-changing trade and tariff policies, companies have been forced to be more flexible and diversify their supply chains over the past year. Moving operations out of countries such as China, Vietnam or Mexico meant import cost savings, but for many industries, it was a tall task. Ramesh said he saw clients in the first few months making "aggressive" changes to get ahead of the tariff costs, but because those policies kept shifting, companies begin to move slower and invest resources into scenario modeling. "Moving supplier bases cannot happen overnight," Ramesh said. "I think what companies are doing is they're taking it gradually, so they want to make sure that they are well-diversified." On Feb. 20, the Supreme Court ruled th...
olegkalina/iStock via Getty Images Introduction (A History & Supply Chain Lesson) Investing during times of war is tough, as we are bombarded with daily headlines that make it nearly impossible to estimate how long it will take and how bad it will get. By the time I’m done writing this article, the market could be 5% lower or 5% higher, depending on what kind of news has hit the wire. And, to be h...
olegkalina/iStock via Getty Images Introduction (A History & Supply Chain Lesson) Investing during times of war is tough, as we are bombarded with daily headlines that make it nearly impossible to estimate how long it will take and how bad it will get. By the time I’m done writing this article, the market could be 5% lower or 5% higher, depending on what kind of news has hit the wire. And, to be honest, as annoying as it may be, I’m writing this from a safe office, far away from any rocket impacts, which means my complaints are truly only about my new workload. Unlike some of my friends, I don’t have to be close to a bomb shelter. Wall Street Journal The reason I’m telling you all of this is that I spent the past few days thinking about how this war, like almost any other war, is massively impacting supply chains and showing the world just how important prudent supply management is. While I’m painting with a broad brush, I think it’s fair to say that almost any major war in history was either about supply chains or decided about supply chains, or both. Personally, I love World War II history, especially when it’s explained by people like Victor Davis Hanson, who does a great job of highlighting the mechanics behind the war machinery. For example, Japan moved into the Dutch East Indies in World War II to secure oil and rubber. Some say that if they hadn’t dragged the U.S. into the war by bombing Pearl Harbor, they would have been in a great (much better) spot to gain more territory and keep it. Once the U.S. got involved, Japan was quickly overwhelmed by its massive industrial power. Unlike nations like Germany, the U.S. was able to boost military output without having its factories bombed. That’s also why Iwo Jima was so important. Although Japan was almost defeated, and Iwo Jima is one of the smallest islands in the area, it was critical for aircraft. By capturing it, the U.S. could fly much bigger bombing missions in Japan. And then there’s Germany, which was forc...
Getty Images By Gregor Spilker & Emily Balsamo For the fifth consecutive year, trading activity in short-dated commodity options has set a new record. In 2025, the total average daily volume (ADV) for weekly options reached 79,221 contracts, a 17% increase over the previous record set in 2024. Since volume has more than quadrupled since 2020, this sustained growth trajectory suggests that the adop...
Getty Images By Gregor Spilker & Emily Balsamo For the fifth consecutive year, trading activity in short-dated commodity options has set a new record. In 2025, the total average daily volume (ADV) for weekly options reached 79,221 contracts, a 17% increase over the previous record set in 2024. Since volume has more than quadrupled since 2020, this sustained growth trajectory suggests that the adoption of weekly options is not merely a cyclical trend but a structural shift in the way participants trade commodity options. Driven by an environment characterized by heightened geopolitical instability and short-term volatility, traders and hedgers are seeking the precision of short-term instruments to complement traditional “once-a-month expiry” option contracts. The Macro Shift: Precision Over Duration The primary driver behind this shift is the need for granular exposure. In a period defined by rapid news cycles, the longer duration associated with monthly expiry schedules often needs to be complemented by managing event-specific risks. Weekly options, with expiries falling on each weekday from Monday through Friday, allow participants to isolate specific windows of volatility, such as central bank announcements or geopolitical developments, without incurring the time-value premium of longer-dated contracts. Three prominent market scenarios across the commodity landscape highlight this shift: 1. Geopolitical Risks and Crude Oil Over the last two years, the crude oil market has navigated a complex landscape of geopolitical shocks and shifting supply dynamics. A comparison of the month-over-month percentage change in the CME Group CVOL Index (a measure of 30-day implied volatility) against the month-over-month percentage change in total Weekly WTI options volume shows a robust and statistically significant positive correlation over this period. This strong relationship indicates that traders are notably more active in weekly options when volatility is on the move and sug...
NEW YORK, April 03, 2026 (GLOBE NEWSWIRE) -- Figure Technology Solutions (Nasdaq: FIGR; OPEN: FGRS), the leading blockchain-native capital marketplace for the origination, funding, sale, and trading of tokenized assets, today reported select preliminary operating data for the month and quarter ended March 31, 2026.
NEW YORK, April 03, 2026 (GLOBE NEWSWIRE) -- Figure Technology Solutions (Nasdaq: FIGR; OPEN: FGRS), the leading blockchain-native capital marketplace for the origination, funding, sale, and trading of tokenized assets, today reported select preliminary operating data for the month and quarter ended March 31, 2026.
When you're ready to buy your first cryptocurrency, it's basically a two-step process. To start, you'll need an account with either a broker that sells crypto or a crypto exchange, such as Coinbase or Gemini. That's the easy part. The next part is more challenging: picking a cryptocurrency and deciding how much to invest. Image source: Getty Images. Continue reading
When you're ready to buy your first cryptocurrency, it's basically a two-step process. To start, you'll need an account with either a broker that sells crypto or a crypto exchange, such as Coinbase or Gemini. That's the easy part. The next part is more challenging: picking a cryptocurrency and deciding how much to invest. Image source: Getty Images. Continue reading
Both iShares Gold Trust (NYSEMKT:IAU) and SPDR Gold Shares (NYSEMKT:GLD) are designed to reflect the price of physical gold, offering a simple way to gain gold exposure without holding bullion. The main differences come down to cost, fund size, and trading liquidity, with both ETFs delivering almost identical gold price exposure and recent performance. This comparison focuses on how these two heav...
Both iShares Gold Trust (NYSEMKT:IAU) and SPDR Gold Shares (NYSEMKT:GLD) are designed to reflect the price of physical gold, offering a simple way to gain gold exposure without holding bullion. The main differences come down to cost, fund size, and trading liquidity, with both ETFs delivering almost identical gold price exposure and recent performance. This comparison focuses on how these two heavyweight gold funds stack up on costs, performance, and trading characteristics for investors considering a gold allocation. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Continue reading
President Trump announced yesterday that Pam Bondi is out as Attorney General. And, NASA's Artemis II has left Earth's orbit and is heading toward the moon. (Image credit: Matt McClain)
President Trump announced yesterday that Pam Bondi is out as Attorney General. And, NASA's Artemis II has left Earth's orbit and is heading toward the moon. (Image credit: Matt McClain)
Joby Aviation's (NYSE: JOBY) stock declined by 17.9% in March, according to data from S&P Global Market Intelligence . It came as part of a broad-based sell-off in risk assets (for reference, its peer , Archer Aviation , declined 27.4% over the same period), in line with the S&P 500's overall decline . Higher-risk assets are often sold off inordinately in such times, as there's a flight to safety....
Joby Aviation's (NYSE: JOBY) stock declined by 17.9% in March, according to data from S&P Global Market Intelligence . It came as part of a broad-based sell-off in risk assets (for reference, its peer , Archer Aviation , declined 27.4% over the same period), in line with the S&P 500's overall decline . Higher-risk assets are often sold off inordinately in such times, as there's a flight to safety. That said, it was a mixed month operationally for the company. Starting with the negative news, Joby and Archer, for that matter, are being impacted by the conflict in the Persian Gulf. In late February, just days before the U.S. and Israel attacked Iran, Joby and Uber announced Uber Air, which will allow customers to book Joby air taxis via the Uber app. Given that the first customers for the service were expected to be in Dubai, the announcement coudn't have come at a worse time. Archer was also targeting the United Arab Emirates (UAE) for its piloted flights, and has deals in place to test and ultimately fly electric vertical take-off and landing ( eVTOL ) air taxis in Saudi Arabia as well. Unfortunately, until the conflict in the region is decisively resolved, Joby and Archer's plans are likely to be on hold. Continue reading
Key PointsThe S&P 500 has dropped more than 8% from its January high, breaking below its critical 200-day moving average for the first time in over a year as investors react to the war in Iran.
Key PointsThe S&P 500 has dropped more than 8% from its January high, breaking below its critical 200-day moving average for the first time in over a year as investors react to the war in Iran.