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DigitalBridge Group Inc is a developer of alternative asset manager dedicated to investing in digital infrastructure. The company's platform invests in and operates businesses across the digital ecosystem, including cell towers, data centres, fiber, small cells, and edge infrastructure, to provide clients with funds for digital infrastructure real estate infrastructure.

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Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Cybertruck, a brainchild of Elon Musk, has been dubbed the auto industry&#8217;s most significant flop in decades, according to a report.
What Happened: The auto industry has seen many infamous flops, including Ford's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) Edsel and Pinto, GM's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) Pontiac Aztek, and the Delorean DMC-12. Now, Musk's Tesla Cybertruck is being added to that list of failures, according to <a href="https://www.forbes.com/sites/alanohnsman/2025/04/03/elons-edsel-tesla-cybertruck-is-the-auto-industrys-biggest-flop-in-decades/">Forbes</a>. Musk&#8217;s angular pickup truck fell short of his ambitious sales target by a massive 84%, with no signs of a turnaround in sight.
The vehicle&#8217;s sales have drastically underperformed Musk&#8217;s predictions, and its quality reputation has been marred by eight recalls within the past 13 months. Despite Musk&#8217;s ambitious forecast of 250,000 annual sales,&nbsp;Tesla managed to sell just under 40,000 Cybertrucks in 2024, its inaugural year on the market. The sales trend has continued to dip in 2025, contributing to a 13% decline in Tesla&#8217;s overall sales in Q1.
Experts explained that the Cybertruck is either too big or doesn&#8217;t meet pedestrian safety regulations in certain countries, limiting its potential for increased sales through exports.
Eric Noble, president of CARLAB, likened the Cybertruck&#8217;s failure to Ford&#8217;s infamous Edsel, stating, &#8220;It's right up there with Edsel&#8221;. &#8220;It&#8217;s&nbsp;a huge swing and a&nbsp;huge miss,&#8221; added Noble. 
The Cybertruck&#8217;s flop is not solely due to poor sales and quality issues but is also attributed to Musk&#8217;s contentious politics and job-cutting role at DOGE, which have incited worldwide Tesla protests.
SEE ALSO:&nbsp;<a href="https://www.benzinga.com/25/04/44644765/tom-lee-predicts-a-market-rebound-after-april-9-as-absurd-tariffs-could-spur-potential-negotiations">Tom Lee Slams Trump&#8217;s &#8216;Absurd&#8217; Tariff Hike — Expects A &#8216;Recovery&#8217; But Says Timing Is Uncertain As Market Sheds $2.5 Trillion In A Day</a>
Why It Matters: Despite Musk&#8217;s claim of over a million reservations for the Cybertruck, Tesla&#8217;s&nbsp;estimates of massive demand has&nbsp;proven to be misguided. The vehicle&#8217;s size and non-compliance with some countries&#8217; pedestrian safety rules have curtailed its potential for overseas sales.&nbsp;Glenn Mercer, the head of Cleveland-based&nbsp;advisory firm GM Automotive, stated, &#8220;They&nbsp;haven't sold a lot and&nbsp;it's unlikely in this case&nbsp;that overseas markets can save&nbsp;them.&#8221;
Further, the Cybertruck&#8217;s sales have been adversely impacted by recall-related fixes, with a starting price of $82,000. Tesla&#8217;s overall sales have also taken a hit this year, with deliveries falling&nbsp;13% in the first quarter&nbsp;to 337,000 units, significantly&nbsp;below consensus expectations of 408,000.
Earlier this year, Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, highlighted Tesla&#8217;s struggling Cybertruck sales in a social media post, noting figures significantly below company projections. &#8220;Tesla has sold only 47k Cybertrucks total according to the recall notice. This is really bad for a product that was supposed to sell 250k units a year,&#8221; Gerber wrote.
Tesla has a momentum rating of 93.32% and a quality rating of 97.03%, according to&nbsp;<a href="https://www.benzinga.com/quote/TSLA" target="_blank" rel="noreferrer noopener">Benzinga&#8217;s Proprietary Edge Rankings</a>. For an in-depth report on more stocks and insights into growth opportunities,&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">sign</a>&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">up for Benzinga Edge.</a>
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/general/market-summary/25/04/44660779/sp-500-dow-jones-on-course-to-mimic-rare-consecutive-losses-not-seen-since-the-great-depre" target="_blank" rel="noreferrer noopener">S&amp;P 500, Dow Jones On Course To Mimic Rare Consecutive Losses Not Seen Since The Great Depression: What&#8217;s Driving the Fear?</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

TSLA

Is Tesla Cybertruck The Biggest Automotive Blunder In Decades After Ford's Edsel? 'It's A Huge Swing And A Huge Miss,' Says Expert

Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) has been identified as a promising investment option by an analyst, demonstrating resilience amid market volatility. 
What Happened: The streaming giant&#8217;s digital, consumer-facing business model and robust value proposition make it a strong contender even during a recession, <a href="https://seekingalpha.com/article/4773216-netflix-one-of-the-only-fast-growing-tariff-shelters">according</a> to Seeking Alpha analyst YR Research. 
Netflix&#8217;s viewership saw a nearly 8% increase in Q1&#8217;25, indicating strong subscriber and revenue growth. Despite its premium trading, current consensus estimates seem conservative, leading to a $1,000 price target based on a 33x multiple on 2026 earnings, the analyst said.
The company&#8217;s growth is driven by its extensive original programming, superior digital platform, and a robust slate of licensed content. Netflix&#8217;s engagement and viewing figures have surpassed other paid streaming platforms, creating a cycle of content and subscriber growth that competitors find challenging to match.
Over the past decade, Netflix&#8217;s EPS has grown at an impressive&nbsp;41% CAGR, and the stock&nbsp;has returned over 1,300%. The company estimates that it has only captured 40% of the total addressable market, indicating significant growth potential.
See Also:&nbsp;<a href="https://benzinga.com/25/04/44660218/commerce-secretary-howard-lutnick-says-army-of-workers-will-build-iphones-in-the-us-but-trumps-tariffs-could-repo" target="_blank" rel="noreferrer noopener">Howard Lutnick Says Army Of Millions Will Build iPhones In The US, But Could Trump&#8217;s Tariffs Make The Premium Apple Flagship Cost $2,300?</a>
Netflix&#8217;s Q1-25 results showed a 7.6% Y/Y increase in Top 10 views, the fastest growth in the company&#8217;s tracking history. The company&#8217;s share of viewing, as measured by Nielsen,&nbsp;reached an all-time high of&nbsp;8.6% in January.
Why It Matters: Global markets have been on a rollercoaster ride due to President Donald <a href="https://in.benzinga.com/media/25/04/44657800/trumps-tariffs-stir-global-markets-wall-street-loses-2-trillion-and-more-this-week-in-economics">Trump'</a><a href="https://in.benzinga.com/media/25/04/44657800/trumps-tariffs-stir-global-markets-wall-street-loses-2-trillion-and-more-this-week-in-economics">s new trade tariffs</a>. The U.S. markets faced a severe downturn as tensions between the U.S. and China escalated following the announcement of new tariffs by President Donald Trump, leading to S&amp;P 500 companies <a href="https://in.benzinga.com/markets/equities/25/04/44655719/trump-tariffs-erode-5-trillion-in-market-cap-in-2-days-as-china-retaliates-jerome-powell-warns-of-inflation">losing $5 trillion</a> in value.
Meanwhile, U.S. stock futures plunged Sunday night, deepening last week's dramatic selloff as the Biden administration held firm on its aggressive new tariff agenda despite intensifying market backlash.
<a href="https://www.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">Dow futures sank 1,257 points</a>, or 3.26%, to 37,273, while the S&amp;P 500 futures dropped 190.50 points, or 3.73%, settling at 4,919.75. The tech-heavy Nasdaq-100 took the hardest hit, plunging 807.50 points, or 4.60%, to 16,731.50 at the time of writing.
The U.S. dollar also lost ground, with the Dollar Index slipping 0.23% to 102.79, reflecting growing investor unease as global trade tensions escalate.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44661746/dow-dips-over-2200-points-investor-sentiment-dips-further-fear-greed-index-remains-in-extreme-fear-zone">Dow Nosedives Over 2,200 Points As Apple, Tesla, Nvidia Plummet: Investor Sentiment Dips Further, Greed Index Remains In &#8216;Extreme Fear&#8217; Zone</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

Entertainment

Equities

NFLX

Netflix Seen As Safe Bet Amid Market Volatility, Says Analyst: Strong Value, Digital Model Make It Recession-Ready

Trident Digital Tech Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDTH#NASDAQ">TDTH</a>) ("Trident" or the "Company"), a Singapore-based leader in digital transformation, technology optimization, and Web 3.0 activation, today announced progress in its pioneering public-private partnership (PPP) with the Democratic Republic of Congo (DRC). This follows a series of engagements in the country during a recent delegation led by Soon Huat Lim, Founder, Chairman, and Chief Executive Officer of Trident, showcasing the transformative potential of the Company's digital identification technology.

TDTH

Trident Digital Makes Inroads In Africa With Congo ID Tech Partnership

Billionaire investor Bill Ackman and CEO of Pershing Square Capital Management, warned Sunday that President Donald Trump&#8216;s sweeping tariff policies are damaging market confidence <a href="https://www.benzinga.com/general/market-summary/25/04/44660779/sp-500-dow-jones-on-course-to-mimic-rare-consecutive-losses-not-seen-since-the-great-depression-whats-driving-the-fear">during a historic global selloff</a>.
What Happened: &#8220;To state the obvious, it does not help our country&#8217;s and our president&#8217;s negotiating position to be trying to strike deals while our market is collapsing,&#8221; Ackman posted on X. &#8220;Whoever is recommending that idea to President Donald Trump should be fired now.&#8221;
When challenged that a 5% market dip demonstrated U.S. seriousness, Ackman replied, &#8220;It is going to be a lot more than 5%.&#8221;
U.S. stock futures continued plummeting Sunday evening, with Dow futures falling over 1,000 points (3.26%) and Nasdaq futures dropping 4.60%. The selloff follows the S&amp;P 500, tracked by SPDR S&amp;P 500&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) worst performance since March 2020, plunging 6% Friday and <a href="https://www.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">pushing its two-day losses past 10%</a>.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">To state the obvious, it does not help our country's and our president's negotiating position to be trying to strike deals while our market is collapsing. Whoever is recommending that idea to President <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> should be fired now.
&mdash; Bill Ackman (@BillAckman) <a href="https://twitter.com/BillAckman/status/1909025854010818803?ref_src=twsrc%5Etfw">April 6, 2025</a></blockquote>
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</figure>
See Also: <a href="https://www.benzinga.com/markets/25/04/44660007/mark-cuban-says-between-free-trade-elon-musk-and-full-tariff-trump-it-is-the-president-who-will-win-as-st">Mark Cuban Says Between &#8216;Free Trade&#8217; Elon Musk And &#8216;Full Tariff&#8217; Trump, It Is The President Who Will Win As Stock Futures Tank</a>
Why It Matters: Ackman, who endorsed <a href="https://www.benzinga.com/25/04/44659521/bill-ackman-warns-against-launching-economic-nuclear-war-wants-a-90-day-time-out-on-trump-tariffs">Trump in the 2024 election</a>, called for a 90-day pause on tariff implementation to allow for negotiations. He warned of an &#8220;economic nuclear winter&#8221; if current policies persist, particularly impacting low-income consumers already under economic stress.
Treasury Secretary Scott Bessent has defended the administration&#8217;s stance, attributing the selloff to overvalued technology stocks rather than tariff policy. &#8220;This isn&#8217;t about tariffs, it&#8217;s about a dose of reality in the AI space,&#8221; Bessent claimed.
Trump showed little concern <a href="https://www.benzinga.com/markets/equities/25/04/44660089/japans-nikkei-futures-halted-hang-seng-crashes-8-8-as-global-market-rout-accelerates-on-tariff-shock-analyst-says-trumps-iphone-only-real-circuit-breaker">about market losses on Sunday</a>, stating, &#8220;I don&#8217;t want anything to go down, but sometimes you have to take medicine to fix something.&#8221; 
Meanwhile, venture capitalist Chamath Palihapitiya suggested <a href="https://www.benzinga.com/markets/equities/25/04/44660335/chamath-palihapitiya-warns-fed-and-trump-may-no-longer-rescue-markets-as-bottom-50-of-americans-have-zero-interest-in-stocks">traditional market rescue mechanisms may no longer be politically viable</a>, noting &#8220;the bottom 50% of Americans have zero interest in the stock market.&#8221;
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44659224/billionaire-charlie-munger-said-hed-be-the-richest-man-on-earth-if-he-could-go-back-100-years-and-start-over-i-could-have-done-a-lot-better" target="_blank" rel="noreferrer noopener">Billionaire Charlie Munger Said He'd Be The ‘Richest Man on Earth' If He Could Go Back 100 Years And Start Over — ‘I Could Have Done a Lot Better'</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Bill Ackman Blames Market Collapse On Tariff Timing, Says Trump Advisor 'Should Be Fired Now:' Predicts 'A Lot More Than 5%' Dip

Last week, Donald Trump announced <a href="https://in.benzinga.com/25/04/44641631/trumps-reciprocal-tariffs-threaten-to-derail-big-techs-billion-dollar-ai-infrastructure-plans-analysts-warn-stargate-was-already-unlikely-to-get-to-that-scale">"reciprocal" tariffs that have</a> caused significant turbulence in global markets, with the stock prices of major U.S. tech companies, known as the &#8220;Magnificent 7,&#8221; plummeting and wiping out nearly $1.8 trillion in market value.
What Happened: On Sunday, Dan Ives, an analyst from Wedbush Securities, warned that Trump&#8217;s tariffs could severely hinder the U.S. tech sector's growth.
Ives underscored the long-term impact of the trade policies, stating, &#8220;Investors know math and the sad reality&#8221; — suggesting the U.S. tech industry could be set back by a decade if these tariffs remain in place.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If these tariffs (in current form/rates) hold&#8230;it would set the US tech world back a decade in our opinion while China is the clear winner&#8230;the US tech supply chain turned upside down overnight and the cost structure will be untenable. Investors know math and the sad reality.
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1908981014141038840?ref_src=twsrc%5Etfw">April 6, 2025</a></blockquote>
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Trump&#8217;s reciprocal tariff strategy, which includes a 10% universal tariff on all imports and additional duties targeting countries like China, India, and the EU, sparked a massive sell-off in the stock market.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/25/04/44640656/apple-making-iphones-in-america-a-fantasy-that-sounds-great-behind-the-microphones-says-top-analyst-dan-ives" target="_blank" rel="noreferrer noopener">Apple Making iPhones In America A Fantasy That Sounds Great ‘Behind The Microphones,' Says Top Analyst Dan Ives</a>
The S&amp;P 500, which represents some of the largest companies in the U.S., <a href="https://in.benzinga.com/markets/equities/25/04/44655719/trump-tariffs-erode-5-trillion-in-market-cap-in-2-days-as-china-retaliates-jerome-powell-warns-of-inflation">lost $5 trillion in market value</a>, with key companies in the tech sector suffering heavy losses.
Their collective market cap erosion of Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Nvidia Corp.(NASAQ: NVDA), and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) amounted to a staggering $1.8 trillion, with Apple losing $534 billion alone.
<figure class="wp-block-table"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>Stock Price On Wednesday ($)</th>
<th>Shares Outstanding (Billion)</th>
<th>Stock Price On Friday ($)</th>
<th>Market Cap on Wednesday (Billion $)</th>
<th>Market Cap on Friday (Billion $)</th>
<th>Erosion (Billion $)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Apple</td>
<td>223.89</td>
<td>15.04</td>
<td>188.38</td>
<td>3367.31</td>
<td>2833.24</td>
<td>534.07</td>
</tr>
<tr>
<td>Microsoft</td>
<td>382.14</td>
<td>7.43</td>
<td>359.84</td>
<td>2839.30</td>
<td>2673.61</td>
<td>165.69</td>
</tr>
<tr>
<td>Amazon</td>
<td>196.01</td>
<td>10.6</td>
<td>171.00</td>
<td>2077.71</td>
<td>1812.60</td>
<td>265.11</td>
</tr>
<tr>
<td>Alphabet A</td>
<td>157.04</td>
<td>5.83</td>
<td>145.60</td>
<td>915.54</td>
<td>848.85</td>
<td>66.70</td>
</tr>
<tr>
<td>Alphabet C</td>
<td>158.86</td>
<td>5.50</td>
<td>147.74</td>
<td>873.73</td>
<td>812.57</td>
<td>61.16</td>
</tr>
<tr>
<td>Meta</td>
<td>583.93</td>
<td>2.19</td>
<td>504.73</td>
<td>1278.81</td>
<td>1105.36</td>
<td>173.45</td>
</tr>
<tr>
<td>Nvidia</td>
<td>110.42</td>
<td>24.4</td>
<td>94.31</td>
<td>2694.25</td>
<td>2301.16</td>
<td>393.08</td>
</tr>
<tr>
<td>Tesla</td>
<td>282.76</td>
<td>3.22</td>
<td>239.43</td>
<td>910.49</td>
<td>770.96</td>
<td>139.52</td>
</tr>
</tbody>
</table>
</figure>
Why It Matters: The tariffs have far-reaching consequences, especially for the U.S. tech sector, which relies heavily on global supply chains. Apple, for example, could see the price of an iPhone 16 Pro Max soar <a href="https://www.benzinga.com/tech/25/04/44655937/trump-tariffs-could-spike-iphone-prices-to-almost-2300-if-apple-decides-to-pass-on-the-costs-to-buyers">from $1,599 to around $2,300</a>, according to industry analysts.
Furthermore, the tariffs could push tech companies to reconsider their operations and manufacturing locations. While the U.S. government is betting on reshoring jobs, the increasing cost of labor and the slow pace of manufacturing build-outs could mean limited job growth, particularly with increasing automation.
Ives previously pointed out that <a href="https://in.benzinga.com/25/04/44647999/trumps-tariff-war-could-take-us-tech-industry-back-a-decade-while-china-steam-rolls-ahead-analyst-says">tech earnings would likely decline by 15%</a>, and the price of consumer electronics could rise by up to 50%, burdening American consumers.
Despite a robust U.S. labor market <a href="https://www.benzinga.com/government/regulations/25/04/44647678/nasdaq-100-enters-bear-market-dow-in-correction-territory-as-traders-anxiously-await-powell-remarks">that added 228,000 jobs in March</a>, escalating trade tensions have cast a shadow over the positive economic momentum.
Comparisons to the infamous Smoot-Hawley Tariff Act of 1930 — which deepened the Great Depression — are fueling concerns about the broader global economic outlook.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/25/01/43373775/tim-cook-praises-chinas-deepseek-for-driving-efficiency-stresses-apples-prudent-and-deliberate-approach-toward-capital-expenditure" target="_blank" rel="noreferrer noopener">Tim Cook Praises China&#8217;s DeepSeek For Driving Efficiency, Stresses Apple&#8217;s ‘Prudent And Deliberate&#8217; Approach Toward Capital Expenditure</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Government

Economics

Tech

AAPL

AMZN

GOOG

GOOGL

MSFT

NVDA

Trump's 'Reciprocal' Tariff Threat Wipes Out Nearly $1.8 Trillion From Magnificent 7, Dan Ives Warns It Could Set US Tech Back A Decade: 'Investors Know Math And The Sad Reality'

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4399416-1&amp;h=2596570876&amp;u=https%3A%2F%2Fwww.ssctech.com%2F%3Futm_campaign%3DSSC2025-Enterprise-Press-Release-0425%26utm_medium%3Dpressrelease%26utm_source%3Dprnews%26utm_content%3DSaudi-Arabia-Office&amp;a=SS%26C+Technologies+Holdings%2C+Inc.">SS&amp;C Technologies Holdings, Inc.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSNC#NASDAQ">SSNC</a>) today announced an expansion of its global footprint by opening a new office in Riyadh,&nbsp;Saudi&nbsp;Arabia. The office will enable SS&amp;C to forge new relationships and work more closely with the Capital Markets Authority and the&nbsp;Saudi&nbsp;Arabian Monetary Agency.&nbsp;
 &nbsp;

SSNC

SS&C Opens Riyadh Office As It Eyes Growth In Middle East Capital Markets

The CNN Money Fear and Greed index showed further decline in the overall market sentiment, while the index remained in the &#8220;Extreme Fear&#8221; zone on Friday.
U.S. stocks settled lower on Thursday, with the Dow Jones index tumbling over 2,200 points during the session.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares dipped over 10% on Friday, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) lost 7.4%, while Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) dipped 7.3% during the session.
On the economic data front, in March, nonfarm payrolls surged by 228,000, the Bureau of Labor Statistics reported Friday. The outcome is well above the three-month average of 195,000 and topped economists' forecasts of 135,000. February&#8217;s employment growth was downwardly revised to 117,000. The unemployment rate unexpectedly inched higher from 4.1% to 4.2%, defying expectations for no change. Average hourly earnings increased 0.3% from February's pace, as predicted, and rose 3.8% year-over-year, marginally lower than the 3.9% predicted.
Most sectors on the S&amp;P 500 closed on a negative note, with financial, energy, and information technology stocks recording the biggest losses on Friday. However, consumer staples stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 2,231 points to 38,314.86 on Friday. The S&amp;P 500 dipped 5.97% to 5,074.08, while the Nasdaq Composite tumbled 5.82% to 15,587.79 during Friday's session.
Investors are awaiting earnings results from Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>), Dave &amp; Buster&#8217;s Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAY#NASDAQ">PLAY</a>), and The Greenbrier Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 4.2, the index remained in the &#8220;Extreme Fear&#8221; zone on Friday, versus a prior reading of 6.0.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/04/44645517/wall-streets-most-accurate-analysts-give-their-take-on-3-health-care-stocks-with-over-4-dividend-yields-2">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Health Care Stocks With Over 4% Dividend Yields</a> </li>
</ul>
Photo: Shutterstock

Earnings

LEVI

PLAY

Dow Nosedives Over 2,200 Points As Apple, Tesla, Nvidia Plummet: Investor Sentiment Dips Further, Greed Index Remains In 'Extreme Fear' Zone

<a href="https://www.globenewswire.com/Tracker?data=chL7WYNVrwVzt1AoWZsVIcCz_aBoSJN_6UtnvC0y9gcrE1oPcw0LLbRem4Wp1M5NvQXfU_UWshv-nargSmevRg==">GXO Logistics, Inc.</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GXO#NYSE">GXO</a>), the world's largest pure-play contract logistics provider, announced today a new strategic partnership with Hisense, a global leader in technology, televisions, home appliances and HVAC equipment. GXO will be responsible for managing Hisense's logistics operations at a new 36,000-square-meter site in Albuixech, Valencia. Operations will include distribution, returns and repacking as well as value-added services such as repalletization.
‘We are very proud of this new strategic partnership with Hisense, a company that shares our values of innovation and excellence," said Rui Marques, Managing Director of GXO in Spain and Portugal. "Our ability to address supply chain challenges such as peak demand, as well as operate an environmentally sustainable facility, are key to enabling increased customer satisfaction for Hisense."
The facility is strategically located, with access to the Mediterranean corridor and a harbor, with capacity to distribute more than 700,000 units per year, strengthening GXO's footprint in the Mediterranean area. Thanks to GXO's expertise, the rapid implementation and peak fulfillment were conducted in parallel at the new site.

GXO Expands In Europe With Hisense Deal To Handle 700K Units A Year From New Logistics Hub

Donald Trump remains unwavering in his devotion to tariffs, describing them as "a beautiful word" that protects American industry.
What Happened: In an October 2024 <a href="https://www.youtube.com/watch?v=ZfN0Hmed8RM">interview</a> with finance expert Dave Ramsey, the former president insisted that imposing duties on foreign goods can "save our country," despite ongoing debates over economic repercussions.
Trump argues that tariffs level the playing field for small businesses. Responding to Ramsey's concern about government interference, Trump insisted that a targeted approach prevents American companies from being undercut by nations like China. He warned that without tariffs, large exporters can flood the U.S. market with cheap products, force local businesses to shutter, then buy those businesses cheaply before raising prices.
For Trump, history is proof that tariffs work. He cited the 1890s — a period he said made America "the richest point in its history" — when revenue from these import taxes funded the government, even prompting a special committee to decide how to spend the surplus. By contrast, Trump noted that an income tax system eventually replaced what he saw as a more direct way to defend U.S. jobs and manufacturing.
That said, according to a MarketWatch <a href="https://www.marketwatch.com/story/trump-says-america-was-at-its-richest-in-the-late-1800s-here-are-the-facts-63077921">report</a>, historians assert that while the U.S. ascended economically from 1870 to 1913, it was not at its wealthiest, and tariffs did not drive that growth. They emphasize that innovation, education, and immigration, rather than protectionist policies, powered America&#8217;s rise. Experts note that life remained harder for ordinary citizens, as there were no modern safety nets or worker protections.
See also: <a href="https://www.benzinga.com/general/market-summary/25/04/44660779/sp-500-dow-jones-on-course-to-mimic-rare-consecutive-losses-not-seen-since-the-great-depression-whats-driving-the-fear">S&amp;P 500, Dow Jones On Course To Mimic Rare Consecutive Losses Not Seen Since The Great Depression: What&#8217;s Driving the Fear?</a>
Trump also pointed to success in the steel industry, where he believes levies on imported steel stopped unfair dumping. Without such measures, he claims, foreign governments would "steal our factories, our workers, and our jobs." This emphasis on fortifying small businesses aligns with Ramsey's own belief that entrepreneurs drive the American economy.
Why It Matters: Dave Ramsey and his co-host Ken Coleman, in a more recent conversation, emphasize that tariffs inevitably raise consumer prices, and they caution that businesses will <a href="https://in.benzinga.com/personal-finance/25/03/44172672/dave-ramsey-says-no-question-tariffs-will-100-raise-prices-walmart-doesnt-pay-taxes-you-pay-taxes-when-you-buy-potato-chips-at-walmart">pass these costs</a> along rather than absorb them. In their discussion, Ramsey downplays the potential fallout by highlighting the existing trade taxes Mexico and other countries impose on U.S. exports.
He believes these measures act more like negotiating tactics than doomsday policies and encourages people not to panic, arguing that debt-free households worry far less about inflation than those relying on credit.
Critics challenge Ramsey's explanations, particularly his claim that Mexico charges a 33% tariff on American goods. Observers point out that he likely confused Mexico's 16% value-added tax (VAT) with tariffs, which remain more targeted and often apply to countries lacking free trade agreements. Viewers also question his <a href="https://in.benzinga.com/news/25/03/44067456/ive-got-a-friend-building-a-house-in-cabo-dave-ramsey-tries-to-explain-trumps-tariffs-but-people-say-hes-out-of-touch-and-wrong">anecdote about a friend</a> building a house in Cabo, arguing that his experience with taxes on appliances does not reflect the reality most consumers face.
Audience members accuse Ramsey of being out of touch with average Americans, citing his reliance on personal stories that involve wealthy acquaintances. Despite these criticisms, Ramsey's central message remains consistent: tariffs will raise prices for consumers, and they serve as a method of pushing trading partners to negotiate terms that favor American businesses.
Image via Shutterstock
Read next: <a href="https://www.benzinga.com/25/04/44661029/trump-and-fed-stand-firm-lack-of-a-put-could-drive-the-market-lower-very-quickly-warns-expert">Lack Of &#8216;Trump Put&#8217; Could Drive Market Lower &#8216;Very Quickly,&#8217; Says Expert, As Fed Chair Jerome Powell Stands Ground On Rate Cuts</a>

Personal Finance

'A Beautiful Word': Why Trump Insists On Tariffs As Essential In His Bid To Save American Manufacturing

With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) to report quarterly earnings at 28 cents per share on revenue of $1.54 million after the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Levi Strauss shares rose 0.2% to $13.92 in after-hours trading.</li>
<li>Chanson International Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHSN#NASDAQ">CHSN</a>) reported a year-over-year increase in FY24 financial results. Chanson International Holding shares jumped 60.1% to $0.3505 in the after-hours trading session.</li>
<li>Analysts are expecting Dave &amp; Buster&#8217;s Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAY#NASDAQ">PLAY</a>) to post quarterly earnings at 71 cents per share on revenue of 550.37 million. The company will release earnings after the markets close. Dave &amp; Buster&#8217;s shares gained 0.9% to $16.99 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>China Pharma Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPHI#NYSE">CPHI</a>) reported a 1-for-10 reverse stock split. China Pharma shares fell 3.2% to $0.2150 in the after-hours trading session.</li>
<li>Analysts expect The Greenbrier Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) to post quarterly earnings at $1.78 per share on revenue of $898.53 million after the closing bell. Greenbrier shares gained 1.9% to $46.49 in the after-hours trading session.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/04/44645517/wall-streets-most-accurate-analysts-give-their-take-on-3-health-care-stocks-with-over-4-dividend-yields-2">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Health Care Stocks With Over 4% Dividend Yields</a></li>
</ul>
Photo via Shutterstock

CHSN

CPHI

Levi Strauss, Dave & Buster's Entertainment And 3 Stocks To Watch Heading Into Monday

BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) CEO, Larry Fink believes that America&#8217;s plans for a manufacturing resurgence have several shortcomings that tariffs alone may not address. This includes unfavorable demographics and a deeply flawed immigration policy, among other things.
What Happened: Speaking at CERAWeek, an annual energy conference organized by S&amp;P Global Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>) nearly a month ago, Fink highlighted the country&#8217;s labor shortages, which are only set to get worse with the new administration&#8217;s immigration policies and an increasingly tough stance on illegal immigration.
Fink said that the pace at which deportations are taking place will have a severe impact on the agriculture sector, with not nearly enough hands to harvest the crops when spring arrives. 
&#8220;70% of the men and women who work in agriculture were not born in the United States, he says, and while several of them are U.S. citizens, or have work permits, many of them do not.&#8221; It&#8217;s a similar scenario for construction, with 40% of workers not born in the country, putting them at risk of deportation.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Larry Fink <a href="https://twitter.com/search?q=%24BLK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BLK</a> manages $11 trillion &quot;The USA doesn&#39;t even have enough workers to become a manufacturing economy&quot;<a href="https://t.co/7V9QBQXdj5">pic.twitter.com/7V9QBQXdj5</a>
&mdash; Special Situations &#x1f310; Research Newsletter (Jay) (@SpecialSitsNews) <a href="https://twitter.com/SpecialSitsNews/status/1908919349798203576?ref_src=twsrc%5Etfw">April 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The famed pioneer of environmental, social, and governance (ESG) principles further states that this will have an inflationary effect on the economy. Fink also mentions having emphasized the current &#8216;shortage of electricians to build AI data centers&#8217; to members of the Trump team.
See More: <a href="https://www.benzinga.com/25/04/44661029/trump-and-fed-stand-firm-lack-of-a-put-could-drive-the-market-lower-very-quickly-warns-expert">Lack Of &#8216;Trump Put&#8217; Could Drive Market Lower &#8216;Very Quickly,&#8217; Says Expert, As Fed Chair Jerome Powell Stands Ground On Rate Cuts</a>
This was a shot at the Donald Trump administration&#8217;s plans for reindustrialization in the U.S. The BlackRock CEO is treading cautiously on the political front, as evidenced by <a href="https://www.blackrock.com/corporate/investor-relations/larry-fink-annual-chairmans-letter">his recent annual letter</a> that shies away from any mention of Trump, tariffs, ESG, DEI, or climate change.
Why It Matters: Several other business leaders, analysts, and industry experts have highlighted the improbability of bringing manufacturing back in its entirety to the United States.
Financial commentator Peter Schiff, was one such notable voice last week, who said that it would cost Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) more to manufacture in the U.S. than it would to just pay the tariffs and pass on the costs to consumers while exploring other markets to make up for lost sales
The biggest roadblock for U.S. manufacturing is shortages in skilled labor. According to a <a href="https://www.bain.com/insights/manufacturers-have-plenty-of-jobs-but-few-takers/">recent report</a> by Bain &amp; Company, nearly 50% of manufacturing workers in the country are aged 50 and above, and 25% are aged 55 and above, but as they start to retire, there aren&#8217;t enough Gen Z workers to fill these jobs.
According to a report by <a href="https://themanufacturinginstitute.org/">The Manufacturing Institute</a>, there is a monumental shortage of workers in the U.S. today for jobs that require more than a high-school diploma, but less than a four-year college degree. The candidates for such jobs were immigrants, but now that too is no longer an option for the industry.
At 340 million, the United States has a <a href="https://www.worldometers.info/world-population/us-population/">lot bigger workforce today</a> than it did during its Industrial Revolution in the early 1900s, but the country today is very different culturally and demographically. 
For one, the percentage of the country&#8217;s population between the ages of 15 and 30 stands at 20% today, as opposed to 54% in the 1900s. Besides this, back-breaking manufacturing jobs are no longer sought after by the nation&#8217;s youth, not that they ever were.
Read More:
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<li><a href="https://www.benzinga.com/25/04/44659521/bill-ackman-warns-against-launching-economic-nuclear-war-wants-a-90-day-time-out-on-trump-tariffs">Bill Ackman Warns Against Launching &#8216;Economic Nuclear War,&#8217; Wants A 90-Day Time Out On Trump Tariffs</a></li>
</ul>

SPGI

BlackRock CEO Larry Fink Warns US Manufacturing Revival Faces Labor, Immigration Hurdles

Macro Economic Events

Econ #s

UK Mortgage Rate (GBP) For March 7.23% Vs. 7.33% Prior

Reported Friday, AIM ImmunoTech Receives NYSE American Delisting Notice Due To Low Stock Price, Plans To Appeal

FCPT

Reported Friday, FCPT Acquires Burger King Property In Kentucky For $2.1M As Part Of Ampler Sale-Leaseback

PPIH

Reported Friday, Perma-Pipe CEO David Mansfield To Retire; Saleh Sagr Appointed President

SGML

Reported Friday, Sigma Lithium Delivers 68,300t Of Quintuple Zero Green Lithium In 1Q, Maintains Strong Cash Flow And Cost Discipline

Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) unveiled the first models of&nbsp;its latest open-source artificial intelligence&nbsp;(AI) software, Llama 4, on Saturday.
What Happened:  The Mark Zuckerberg-led company announced that users can now experiment with two of the newly launched Llama 4 models, namely Llama 4 Scout and Llama 4 Maverick, on Meta AI via WhatsApp, Messenger, Instagram Direct, or the Meta AI website. 
Llama 4 Scout is a 17 billion active parameter model with 16 experts, while Llama 4 Maverick is a 17 billion active parameter model with 128 experts. The company stated that the new Llama 4 models are the first to feature a mixture of experts (MoE) architecture.
Despite the release, the company has not launched the most potent version of Llama 4, the Llama 4 Behemoth, which&nbsp;is still in training, as per the company blog post.
Chris Cox, Meta&#8217;s Chief Product Officer, stated last month that Llama 4 will elevate the capabilities of AI agents, allowing them to achieve more advanced levels of reasoning and action. These AI agents could be beneficial to both consumers and businesses by handling various tasks and web surfing.
Zuckerberg stated in an Instagram video,&nbsp;&#8220;Our goal is to build&nbsp;the world&#8217;s leading AI, open&nbsp;source it, and make it&nbsp;universally accessible so that everyone&nbsp;in the world benefits.&#8221;
The company also plans to host its inaugural&nbsp;LlamaCon AI conference on April&nbsp;29. As per CNBC, the company is&nbsp;also expected to announce a standalone&nbsp;app for its Meta AI&nbsp;chatbot in Q2.
SEE ALSO:&nbsp;<a href="https://benzinga.com/pressreleases/25/04/ab44654009/whistlr-network-the-real-time-unfiltered-social-media-that-flips-the-social-script-raw-instant-an" target="_blank" rel="noreferrer noopener">Whistlr Network: The Real-Time, Unfiltered Social Media, That Flips the Social Script – Raw, Instant, and Built for the Culture &#8211; Benzinga</a>
Why It Matters: Meta stated that the newest Llama 4 releases are its &#8220;most advanced models yet&#8221; and &#8220;the best in their class for multimodality.&#8221; The company also believes that the models outperform ChatGPT 4, Alphabet&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Gemma 3 and Gemini 2.0 Flash-Lite, as well as Mistral 3.1 across several parameters.
The unveiling of Llama 4 models comes at a crucial time for Meta. The company&#8217;s AI research leadership is undergoing major changes. On April 2, 2025, Joelle Pineau, the Vice President of AI research at Meta, a<a href="https://www.benzinga.com/25/04/44602810/metas-ai-chief-announces-departure-while-mark-zuckerberg-doubles-down-on-ai-investments">nnounced her departure</a> from the company in May.
Moreover, the company has recently faced controversy over its AI models as a court filing in the Kadrey v. Meta lawsuit indicated that Meta had been profiting <a href="https://www.benzinga.com/25/03/44452879/meta-profits-from-llama-ai-models-despite-denials-court-filing-reveals">from its Llama AI models</a> through revenue-sharing agreements with host businesses, despite previous denials.
Despite these challenges, Meta continues to invest in AI, with the launch of Llama 4 models being the latest step in this direction.
Meta holds a momentum rating of 57.81% and a growth rating of 74.76%, according to&nbsp;<a href="https://www.benzinga.com/quote/META" target="_blank" rel="noreferrer noopener">Benzinga's Proprietary Edge Rankings</a>. The Benzinga Growth metric evaluates a stock&#8217;s historical earnings and revenue expansion across multiple timeframes, prioritizing both long-term trends and recent performance. For an in-depth report on more stocks and insights into growth opportunities,&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">sign</a>&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">up for Benzinga Edge.</a>
The shares of Meta closed 5.06% lower at $504.73 on Friday. The stock plunged more than 19% over the past month.
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/general/market-summary/25/04/44660779/sp-500-dow-jones-on-course-to-mimic-rare-consecutive-losses-not-seen-since-the-great-depre" target="_blank" rel="noreferrer noopener">S&amp;P 500, Dow Jones On Course To Mimic Rare Consecutive Losses Not Seen Since The Great Depression: What&#8217;s Driving the Fear?</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Mark Zuckerberg's Meta Unveils Latest Llama 4 AI Models To Challenge OpenAI's ChatGPT 4 And Google's Gemini

<h3>Companies Reporting Before The Bell</h3>
• Homestolife (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLM#NASDAQ">HTLM</a>) is expected to report earnings for its Fiscal Year 2024. 
<h3>Companies Reporting After The Bell</h3>
• Greenbrier Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) is likely to report quarterly earnings at $1.24 per share on revenue of $877.08 million. 
• Levi Strauss (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) is projected to report quarterly earnings at $0.31 per share on revenue of $1.64 billion. 
• Dave &amp; Buster's Enter (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAY#NASDAQ">PLAY</a>) is projected to report quarterly earnings at $0.72 per share on revenue of $548.77 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

HTLM

Earnings Scheduled For April 7, 2025

In the wake of the recent U.S. tariffs announcement, Singapore&#8217;s leading political figures have voiced their apprehensions, warning of potential economic repercussions. 
What Happened: Prime Minister Lawrence Wong expressed concerns about the growing possibility of a global trade war, stating that the tariffs could have serious implications for all countries, especially smaller ones like Singapore, <a href="https://www.scmp.com/news/asia/southeast-asia/article/3305481/singapores-leaders-warn-over-trump-tariff-bombshell-its-not-good-news">reported</a> the South China Morning Post.
"It will spell trouble for all nations especially small ones like Singapore."
"We risk being squeezed out, marginalised and left behind," Wong added.
The country is subject to a minimum 10% universal tariff on all exports to the US, one of the lowest in Southeast Asia.
The city-state&#8217;s benchmark Straits Times Index has experienced a notable decline in response to the news. The STI plummeted 7.84% on Monday. 
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<iframe loading="lazy" title="Singapore PM&#039;s Dark Warning On Trump&#039;s Tariffs: &#039;Trade War To World War, Like 1930s&#039; &#x7C; Viral Speech" width="500" height="281" src="https://www.youtube.com/embed/NSd1tAOKAl8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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See Also:&nbsp;<a href="https://benzinga.com/media/25/04/44644607/verizons-new-3-year-price-lock-free-phone-offer-strategic-move-to-boost-customer-retention" target="_blank" rel="noreferrer noopener">Verizon&#8217;s New 3-Year Price Lock, Free Phone Offer: Strategic Move To Boost Customer Retention</a>
Senior Minister Lee Hsien Loong reiterated Wong&#8217;s concerns at a community event, emphasizing the potential impact on Singapore&#8217;s trade, economy, and future. The city-state&#8217;s top trade official announced that Singapore would need to reassess its economic forecast in light of the new tariffs.
"It's going to affect our trade, it's going to affect our economy, it's going to affect our region and it's going to affect our future," Lee said. 
"It's not good news."
However, opposition figures have criticized the government&#8217;s response, accusing it of scaremongering ahead of the upcoming national vote. The tariffs announcement comes at a time when cost-of-living pressures are a major concern for Singapore&#8217;s citizens.
Why It Matters: The U.S. tariffs have been a source of global concern, <a href="https://in.benzinga.com/25/04/44660475/more-than-50-nations-ready-to-revisit-tariffs-says-white-house-advisor">with over 50 countries</a>, including Singapore, ready to negotiate on the high import tariffs that have sent global markets into a tailspin.
The tariffs, aimed at reducing America's <a href="https://in.benzinga.com/media/25/04/44657800/trumps-tariffs-stir-global-markets-wall-street-loses-2-trillion-and-more-this-week-in-economics">$1.2 trillion annual trade</a> deficit, have stirred global markets, leading to a loss of $2 trillion on Wall Street in a week.
Furthermore, the US markets faced a severe downturn as tensions between the US and China escalated, <a href="https://in.benzinga.com/markets/equities/25/04/44655719/trump-tariffs-erode-5-trillion-in-market-cap-in-2-days-as-china-retaliates-jerome-powell-warns-of-inflation">eroding $5 trillion in market cap</a> in just two days.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:&nbsp;<a href="https://benzinga.com/25/04/44660218/commerce-secretary-howard-lutnick-says-army-of-workers-will-build-iphones-in-the-us-but-trumps-tariffs-could-repo" target="_blank" rel="noreferrer noopener">Howard Lutnick Says Army Of Millions Will Build iPhones In The US, But Could Trump&#8217;s Tariffs Make The Premium Apple Flagship Cost $2,300?</a>
Image Via Shutterstock

Trump Tariff Will 'Spell Trouble For All Nations,' Says Singapore's PM — Despite Country Facing One Of The Lowest Tariffs In Southeast Asia

<ul>
<li>1,355,761 of the Company's common shares, at $4.90 per share, and</li>
<li>Warrants to purchase 1,280,195 shares of Common Stock at $4.89 per warrant, after deduction of an exercise price of $0.01 per warrant.</li>
</ul>

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