{"id":825554,"date":"2025-02-09T07:11:56","date_gmt":"2025-02-09T13:11:56","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/09\/the-nvidia-panic-americas-bitcoin-reserve-and-trumps-trade-war-hits-stocks-markets-news-roundup\/"},"modified":"2025-02-09T07:11:56","modified_gmt":"2025-02-09T13:11:56","slug":"the-nvidia-panic-americas-bitcoin-reserve-and-trumps-trade-war-hits-stocks-markets-news-roundup","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/09\/the-nvidia-panic-americas-bitcoin-reserve-and-trumps-trade-war-hits-stocks-markets-news-roundup\/","title":{"rendered":"The Nvidia panic, America’s Bitcoin Reserve, and Trump’s trade war hits stocks: Markets news roundup"},"content":{"rendered":"
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Photo: Chip Somodevilla (Getty Images), Anna Moneymaker (Getty Images), Monty Rakusen (Getty Images), Michael M. Santiago (Getty Images), Annabelle Chih\/Bloomberg (Getty Images), Daniel Bosma (Getty Images), Illustration: Alvaro Fernandez Echeverria (Getty Images), Image: NurPhoto (Getty Images)<\/figcaption><\/p>\n<\/div>\n

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President Donald Trump<\/figcaption>
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The Trump administration is actively pursuing initiatives related to cryptocurrency, but there has not been any official announcement regarding the highly anticipated Bitcoin reserve. David Sacks, the White House\u2019s cryptocurrency director and President Donald Trump\u2019s crypto czar, held a press conference to discuss the U.S. digital asset strategy. However, he did not reveal any specific plans for stockpiling Bitcoin, instead stating that the team would evaluate the feasibility of a Bitcoin reserve. <\/p>\n

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With rising prices, an affordable housing crisis, and the specter of looming tariffs, Americans are looking to save money just about everywhere. <\/p>\n

And with nine in 10 American households owning at least one car, many are looking at their vehicles as a place to save.<\/p>\n

Self, a credit-building toolkit, looked at the 50 best-selling cars between 2022 and 2024 and ran the numbers to find the most and least expensive ones to run<\/a><\/span>. It didn\u2019t consider the vehicle\u2019s purchase or lease price and instead looked at average annual gas costs, maintenance, insurance, fees, and taxes. <\/p>\n

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The Nasdaq and other major stock market indexes dipped Wednesday after underwhelming earnings reports from Google parent Alphabet (GOOGL<\/a><\/span>) and chipmaker Advanced Micro Devices (AMD<\/a><\/span>). Other tech stocks such as Apple (AAPL<\/a><\/span>), Amazon (AMZN<\/a><\/span>), and Tesla (TSLA<\/a><\/span>) were also in the red.<\/p>\n

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Nvidia CEO Jensen Huang during an event in Taipei, Taiwan on June 2, 2024.<\/figcaption>
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The average U.S. family is currently shelling out at least $2,000<\/a><\/span> a year on utilities. That\u2019s on top of the average $2,450 most people spend annually on gas. <\/p>\n

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President Donald Trump has begun a new trade war with Canada, Mexico, and potentially China<\/a><\/span>, and this has had a significant ripple effect on the broader financial landscape, including the cryptocurrency market. Trump\u2019s latest move involves imposing a 25% tariff on imports from Canada and Mexico, while Chinese imports will be taxed at 10%.\u00a0<\/p>\n

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Donald Trump wants a sovereign wealth fund. Here are the risks and rewards, according to a strategist<\/p>\n<\/div>\n

Eric Beiley of The Beiley Group at Steward Partners breaks down how a sovereign wealth fund might work for America like they do in Singapore and Norway<\/p>\n<\/div>\n

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Tariffs, interest rates, and market volatility: What they mean for your investments in 2025, according to a strategist<\/p>\n<\/div>\n

Eric Beiley, Executive Managing Director of The Beiley Group at Steward Partners, breaks down what China\u2019s retaliatory tariffs could mean for investors<\/p>\n<\/div>\n<\/div>\n

Read More<\/a>
\n Margarete Noren<\/p>\n","protected":false},"excerpt":{"rendered":"

Photo: Chip Somodevilla (Getty Images), Anna Moneymaker (Getty Images), Monty Rakusen (Getty Images), Michael M. Santiago (Getty Images), Annabelle Chih\/Bloomberg (Getty Images), Daniel Bosma (Getty Images), Illustration: Alvaro Fernandez Echeverria (Getty Images), Image: NurPhoto (Getty Images) President Donald Trump Photo: Chip Somodevilla (Getty Images) Photo: Anna Moneymaker (Getty Images) The Trump administration is actively pursuing<\/p>\n","protected":false},"author":1,"featured_media":825555,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22291,4370],"tags":[],"class_list":["post-825554","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nvidia","category-panic"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/825554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=825554"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/825554\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/825555"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=825554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=825554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=825554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}