Simone Del Rosario

New York

Host, Straight Money at Straight Arrow News

Business Correspondent @StraightArrow__.

Featured in: Favicon

straightarrownews.com Favicon

fox13seattle.com Favicon

wsls.com

localnews8.com Favicon

newsbreak.com Favicon

san.com

Articles

Warren Buffett announces plans to retire at year's end

1 week ago | san.com | Drew Pittock |Simone Del Rosario

Warren Buffett, the CEO of investment company Berkshire Hathaway, said Saturday, May 3 that he intends to retire at the end of the year. The announcement was made during the company’s annual meeting. Shortly after the 94-year-old publicly expressed his most blunt opinions of the Trump administration’s tariffs to date.
Former Fed president

2 weeks ago | san.com | Brent Jabbour |Donald Afari |Simone Del Rosario

[Simone Del Rosario]For several days over the past week, speculation swirled about whether the president would try to fire Federal Reserve Chair Jerome Powell. It was fueled by posts like this, where President Trump wrote, “Powell’s termination cannot come fast enough.”President Trump: I believe he’s making a mistake by not lowering interest rates. And I think as well as we’re doing, we’d do much better. He’s keeping rates too high.
What is the Smoot-Hawley Tariff Act? The 1930 tariffs didn't age well

1 month ago | san.com | Simone Del Rosario

[Simone Del Rosario]Let’s paint the picture. The U.S. puts tariffs on imported goods from around the world. Other countries retaliate by placing their own tariffs on U.S. goods. Stock markets face a deep sell-off as a global trade war builds. It sounds like today. But actually, I’m talking about what happened nearly a century ago. Gary Richardson: A lot of things made the Great Depression great or terrible, and the tariffs were certainly one of those.
Jamie Dimon warns tariffs need quick resolution as banks up recession risk

1 month ago | san.com | Simone Del Rosario

JPMorgan Chase CEO Jamie Dimon cautioned that President Donald Trump’s tariff policies increase inflation and the likelihood of a recession. Chase recently put the chance of a recession this year at 60%, up from 40%. Globally, stocks have shed trillions in value due to the threat of a large-scale trade war, with significant declines in the U.S. and Asia. In January, Dimon downplayed the inflationary impacts of the tariffs, viewing them as a necessary cost for national security.
S&P 500 touches bear market territory as Trump prescribes tariff ‘medicine’

1 month ago | san.com | Simone Del Rosario

The S&P 500 touched bear market territory to open the trading day on Monday, April 7. Stock markets continued to trek in the red in response to President Trump’s tariffs. Hong Kong’s Hang Seng Index had its worst trading day since 1997, dropping 13.2%. Trump described his tariff policies as “medicine,” and the White House said more than 50 countries have reached out to negotiate trade terms.
Stock market sinks to 8-month low in tariff-fueled rout as China retaliates

1 month ago | san.com | Simone Del Rosario

The U.S. stock market plunged to 8-month lows following tariff-driven tensions with China. The Dow Jones fell more than 1,400 points on Friday morning, while the S&P 500 and Nasdaq dropped more than 4%, continuing Thursday’s steep declines. China imposed 34% tariffs on U.S. goods, matching U.S. tariffs announced by President Trump. Additional measures included restricting rare earth mineral exports and suspending some U.S. agricultural imports.
Dow Jones drops nearly 1,700 points as Trump’s tariffs roil stock market

1 month ago | san.com | Simone Del Rosario

The stock market took its steepest dive in years on Thursday, April 3, as traders reacted to President Donald Trump’s tariff policies. The Dow Jones Industrial Average lost more than 1,600 points, the biggest hit to the index since 2020. The S&P 500 fell nearly 5% while the tech-heavy Nasdaq plunged nearly 6%. The 500 largest companies lost nearly $2 trillion in value in a single day. The U.S. was not alone in the rout. Global markets also fell, with benchmarks in Europe and Asia losing around 3%.
Elon Musk's White House exit may be imminent: Report

1 month ago | san.com | Simone Del Rosario

Elon Musk is expected to step down from his government role in the coming weeks, according to a Politico report. Both he and President Donald Trump agree that it is time for Musk to return to his companies. The Department of Government Efficiency could shut down more than a year before initially planned.
There's more to Tesla's bad quarter than Elon Musk's politics: Analyst

1 month ago | san.com | Simone Del Rosario

[Simone Del Rosario]Tesla announced the number of cars it delivered so far this year, and it’s even worse than Wall Street expected. Tesla delivered shy of 337,000 vehicles in the first quarter, a 13% decline from the same quarter a year ago. Analysts had been lowering their forecasts ahead of Wednesday’s reveal, but even then, projected a rosier picture. It’s Tesla’s worst quarter for deliveries since early 2022.
These tariff loopholes may not work after Trump’s ‘Liberation Day’

1 month ago | san.com | Simone Del Rosario

[Donald Trump]We have Liberation Day. [Simone Del Rosario]President Donald Trump declared a “holiday” to celebrate one of his favorite words. [Donald Trump]I always say Tariffs is the most beautiful word to me in the dictionary.,[Simone Del Rosario]But for many companies, it’s less of a celebration and more of a scramble to figure out how to avoid the duties. It reminds me of an old Dr. Seuss rhyme. “A tariff! A tariff! Oh, what a fright! It’s causing big business to stay up all night.