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‘Worst-Case Scenario’ for Tech Wipes $1.4 Trillion from Nasdaq

(Bloomberg) -- There’s virtually nowhere to hide for many US technology companies under President Donald Trump’s new tariff regime, the harshest in a century.Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLocal Governments Vie for Fired Federal WorkersLondon Clears Final Hurdle for More High-Speed Trains to EuropeWhat Would ‘Transportation Abundance’ Look Like?After Thursday’s slump wiped $1.4

Job Market Was Hotter Than Expected On Tariff-Eve

Employers hired more people than forecasters had expected in March, showing a job market more resilient than expected right before President Donald Trump's "Liberation Day" tariff announcement shook up the economy. However, the backward-looking data may be of little use in predicting the economy's trajectory in a post-tariff world.

Cocoa, coffee, sugar prices slide as markets remain rattled by Trump tariffs

World cocoa, coffee and sugar prices slid again on Friday as markets remained rattled by U.S. president Donald Trump's sweeping 'Liberation Day' tariffs, especially after China retaliated with its own tariffs on U.S. imports. Trump on Wednesday slapped a 10% tariff on most U.S. imports and much higher levies of more than 50% on some counties, prompting a world-wide sell of in stock markets as nations from Canada to China ready retaliation. The bank also said that as 'retaliation day' looms, U.S. consumers of coffee and chocolate should expect more expensive products as top cocoa producer Ivory Coast faces a 21% tariff while No. 2 coffee producer Vietnam faces a 'humbling' 46% levy.