A primary school teacher marking a pupil’s math homework (Victoria Jones/Getty Images)

Americans have thoughts about tariffs that don’t make any sense

Sure, they said they’re slashing spending, think people are going to delay major purchases, and believe the cost of living will get worse, inflation will increase, and the trade war is having a net negative impact on the economy. But maybe it’ll work!

Luke Kawa

4/30/25 3:57PM

They’re our tariffs and (mainly) your problem.

That’s one of the many different conclusions one could reach about Americans’ views on trade levies from a Deutsche Bank survey of 650 US households and 550 households each in Germany, France, Italy, Spain, and the UK from April 17 to 28.

Americans were more than three times as likely as Europeans to say that tariffs could be good for their financial situation over the coming year...

...and by a ratio of about 2.3 to 1, Americans think the trade war is having a net negative impact on the economy, compared to nearly 9 to 1 across European economies:

But when it comes to one clear negative economic consequence of tariffs — cutting or delaying spending in light of higher prices — Americans stand out as an outlier to the upside!

Obviously, tariffs are a hot-button issue with political overtones, and US survey data is littered with massive divides along those lines. It also probably matters that tariffs are something that’s happening to other nations rather than being done by them, allowing for a much more coherent, unified level of thought for European countries compared to the US.

Because Americans’ thoughts on tariffs don’t really add up.

Jake Lahut9h

Applied Digital inks new $7.5 billion lease with hyperscaler it first booked in April

Applied Digital saw its price soar after hours on news of a long-term lease agreement with the same “investment-grade” hyperscaler it struck a similar deal with in April.

The additional lease for 15 years in a take-or-pay arrangement is valued at $7.5 billion, and could rise to $18.2 billion if all options are exercised, according to the company's announcement.

This latest contract would bring Applied Digital's total contracted lease revenue to $31 billion, or $73 billion if all options are taken up.

The company also crowed about passing 1 GW of contracted capacity as it lands a customer for its fourth AI factory campus. The customer in question is not named, nor the exact location, just that the campus is “located in a northern state.”

Applied Digital Reaches Significant Milestone, Surpassing 1 GW of Contracted Capacity with U.S. Based High Investment-Grade Hyperscaler Lease at Fourth Campus, Polaris Forge 3

The additional lease for 15 years in a take-or-pay arrangement is valued at $7.5 billion, and could rise to $18.2 billion if all options are exercised, according to the company's announcement.

This latest contract would bring Applied Digital's total contracted lease revenue to $31 billion, or $73 billion if all options are taken up.

Paige Oamek10h

Intuit plummets after reporting slowing revenue growth

Is it a worse day to be an Intuit employee or an Intuit shareholder?

On Wednesday, the financial and business tech company announced third-quarter earnings and sweeping layoffs on the same day. The TurboTax parent company said it would cut 17% of its workers — approximately 3,000 people — to focus on its AI efforts, according to a memo obtained by Reuters.

The stock was down 3.8% during market hours. It dropped further when Intuit released third-quarter results after the bell showing the slowest year-over-year revenue growth since 2024, falling 10% after-hours.

Here are the numbers:

Q3 revenue of $8.56 billion (compared to analyst estimates of $8.54 billion).
Adjusted earnings per share of $12.80 (estimate: $12.54).
Raised full-year guidance for revenue of $21.34 billion to $21.37 billion (estimate: $21.24 billion).

“We delivered strong third-quarter results, driven by our AI-driven expert platform strategy,” said Sasan Goodarzi, chairman and CEO of Intuit. “As a result, we are raising our full-year revenue guidance for fiscal 2026.”

Shares of Intuit are down nearly 40% this year.

Intuit Reports Strong Third-Quarter Results and Raises Full-Year Revenue Guidance

Here are the numbers:

Q3 revenue of $8.56 billion (compared to analyst estimates of $8.54 billion).
Adjusted earnings per share of $12.80 (estimate: $12.54).
Raised full-year guidance for revenue of $21.34 billion to $21.37 billion (estimate: $21.24 billion).

Shares of Intuit are down nearly 40% this year.

Luke Kawa

11h

Nvidia delivers another sales and earnings beat in Q1, with strong Q2 revenue guidance

Shareholder returns are going up too!

Tasha Matsumoto

11h

Stocks climb as bond yields and oil prices fall

All eyes are on tonight’s Q1 2027 earnings from the world’s largest company.

Paige Oamek & Luke Kawa11h

T1 Energy spikes on record call volumes after Roth analyst calls short report a buying opportunity

Shares of T1 Energy are electric Wednesday afternoon, soaring more than 20% on record call volumes.

The stock had fallen over 13% at its lows on Tuesday after short-only fund Fuzzy Panda Research published a report calling the solar and battery storage company a “China Hustle” rather than a legitimate AI infrastructure investment, also alleging that the company has booked tax credits it won’t receive.

Retail traders have often used the dip that’s followed the announcement of a short report to load up on a company’s shares (see: POET Technologies in April).

Roth Capital Partners analyst Philip Shen responded to the report by calling T1 “a model for what the Trump administration may want in a domestic manufacturer that is transferring advanced technology and capacity to the US,” suggesting that the sell-off was a buying opportunity.

Earlier this week, T1 got an even more prominent vote of confidence when a 13F filing from Situational Awareness showed the hedge fund run by wunderkind Leopold Aschenbrenner held a 3.6% stake in the company at the end of Q1.