📈 Stocks / Finance

Amazon Downgraded on Tariff Exposure and Uncertain ROI

Investor’s Business Daily

Raymond James downgraded Amazon from 'Strong Buy' to 'Outperform' and cut its target to $195, citing underestimated EBIT pressures from tariffs and heavy investments. AMZN stock is down 24% YTD, closing at $167.32 after a 3% drop Monday.

Nvidia drops as Huawei accelerates AI chip rollout

Yahoo Finance

Nvidia fell 4.5% after Reuters reported Huawei will launch AI chips rivaling Nvidia’s H100s. The H20 ban could cost Nvidia $16B this year. U.S. trade curbs, including potential tariffs, may further impact sales; China made up 13% of FY25 revenue.

Fed gridlock rattles markets as inflation, layoffs collide

The Street

The S&P 500 dropped 2% on April 21 after Powell warned the Fed’s dual mandate is under strain. With CPI at 2.4% and Q1 layoffs at 497K—the worst since 2009—investors fear policy inaction as Trump tariffs risk reigniting inflation.

🪙 Crypto

VanEck’s NODE ETF Targets Broader Crypto Equity Plays

Blockworks

VanEck’s new Onchain Economy ETF (NODE), launching May 14, will invest across 130+ crypto-linked firms, avoiding miner-heavy exposure. Unlike DAPP, NODE targets energy firms, Web2 adopters, and potential IPOs to offer lower volatility and broader crypto equity access.

🌎 Global Economy

IMF, World Bank Meet as Tariff Uncertainty Shakes Global Order

CEPR

IMF and World Bank Spring Meetings begin amid rising concern over U.S.-driven trade shocks. The IMF plans to cut growth forecasts as tariff uncertainty disrupts planning. Critics call for governance reforms, citing U.S. control over IMF decision-making.