Stocks end higher in US vs. China tariff driven volatility

Apr 12, 2025 - 18:01
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Stocks end higher in US vs. China tariff driven volatility

-Stocks end volatile week with gains, gold hits record, bonds suck wind as dollar gets dinged

-President Trump's surprise tariff pivot and negotiation progress 

-U.S. hits China with tariffs, China hits back 

-Treasury Secretary Bessent warns China over several tactics 

-JPMorgan CEO Jamie Dimon weighs in on U.S. recession exclusively to FOX Business 

-BlackRock CEO Larry Fink, who runs the world's biggest asset manager, gives his take on the week 

-Delta, Walmart take pause on forecasting profits and revenue 

-Small business owners talk tariffs 

STOCKS, BONDS AND A CRAZY WEEK: Stocks and bonds saw steep swings as President Trump pumped out tariffs, then pulled back…continue reading here. 

On Wednesday, the Dow Jones Industrial Average posted its biggest one-day point gain ever…check the Dow here. Bitcoin was also volatile, falling between the $80,000-$90,000 range…LIVE cryptocurrency prices here.  

GOLD SHINES: Gold took a short beat down but ended the week back at an all-time high…GLD, biggest ETF backed by physical gold, price check.

TRUMP'S TARIFFS: Trump, in a surprise twist, paused tariffs on some countries this week but continued to bash China with a steeper slap. Still, the White House says he wants to make a deal.continue reading here. 

VIDEO: Larry Kudlow raises warning about how China really operates.  

‘LOSER MOVE’: China kept the pressure on the U.S. in more ways than one. U.S. Treasury Secretary Scott Bessent shared some choice words for the Asian adversarycontinue reading here.

VIDEO: Bessent shares his take on the bond selloff and China's currency antics. 

RECESSION? JPMorgan CEO Jamie Dimon shared his view on the potential of a U.S. recession…continue reading here. This comes as his firm and others recalibrate recession odds…continue reading here.

VIDEO: Dimon shares views on tariffs, the economy and his experience during past financial meltdowns.

BLACKROCK'S TAKE: CEO Larry Fink, who runs the world's largest asset manager with $11 trillion in assets, shares his thoughts on the wild week in Washington and on Wall Street and whether it's time to buy stocks…WATCH HERE.

TAKING A PAUSE: Delta and Walmart took the lead in corporate America and won't be giving financial forecasts, for now, with tariffs making it too difficult to projectcontinue reading here. 

MAIN STREET: Small businesses brace for tariff blowback…continue reading here.

TAX TIPS: WHAT TO KNOW

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