The U.S. stock market experienced significant volatility this past week, with the S&P 500 dropping over 10% from its February highs due to investor fears surrounding President Donald Trump's tariff hikes and a potential global slowdown. Despite the turmoil, the market rebounded on Friday, with the Dow Jones gaining over 200 points as utilities, tech, and energy stocks rallied.
On March 14, 2025, Cathie Wood's Ark Invest made significant trades, buying shares in GitLab, Intellia Therapeutics, and Ibotta, while selling shares in UiPath, Roblox, Prime Medicine, Repare Therapeutics, and CareDx. These trades reflect Ark Invest's continued focus on innovative companies across various sectors.
Tesla has reportedly paused Cybertruck deliveries due to concerns over detaching exterior panels, marking another setback for the highly anticipated electric pickup. The company has yet to officially address the issue, adding to a string of quality control problems that have plagued the Cybertruck's launch.
Warren Buffett's decision to hold a massive cash reserve in 2024 has proven to be a wise move, as the market has recently tumbled and concerns about a recession have mounted. Despite criticism at the time, Buffett's prescient move has positioned Berkshire Hathaway well to weather the current economic uncertainty.
Radio host Charlamagne tha God called for the resignation of Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries, accusing the Democratic leadership of inaction and ineffective messaging. His criticism came amidst internal turmoil within the party, fueled by a controversial spending bill and a string of disappointing electoral losses.