Financial

Chinese companies are jumping at a window of opportunity to go public in Hong Kong as global investors start to return to the region.

"The Nasdaq peaked on DeepSeek day so that's a Mag 7 problem, not a MAGA problem," Bessent said.

The stock tumbled a whopping 77% Wednesday, following a 2,230% surge in Newsmax's first two days of trading after debuting on the New York Stock Exchange.

The comments come as investors worry that a more severe approach signaled by the Trump administration would dampen sentiment enough to slow down the economy.

White House trade adviser Peter Navarro said tariffs would raise about $600 billion to $700 billion a year. Economists say that's nearly impossible.

The Apex strategy from Cliff Asness' firm, which combines stocks, macro and arbitrage trades with $3 billion in assets under management, gained 9% in Q1.

"HHS cannot be led by an anti-vax, conspiracy theorist with inadequate training," said analysts at investment firm Cantor Fitzgerald.

Sebastian Siemiatkowski has been CEO of Klarna for 20 years. He now faces his biggest test yet with a U.S. IPO fast approaching.

Evercore ISI's Julian Emanuel recommends accumulating stocks right now.

President Donald Trump and the GOP have expressed disdain for so-called ESG investments. Despite political headwinds, analysts say such funds are here to stay.