markets

J. Edward Moreno3/6/25

US tariffs on most Mexican goods are postponed, again

President Donald Trump has again postponed his plan to tariff all Mexican imports by 25%.

In a post on his social media platform, Truth Social, Trump said tariffs on goods from Mexico that fall under the US-Mexico-Canada Agreement, the free-trade deal between the three North American countries, are postponed until April 2. The vast majority of goods the US imports from Mexico fall under the trade pact.

This is the second time that Trump has postponed tariffs by a month. Mexican President Claudia Sheinbaum has successfully called his bluff both times. Tariffs on Canadian goods appear to still be on, though Commerce Secretary Howard Lutnick indicated that the president was considering pushing back this deadline for both nations.

The announcement comes after markets took a hit when the tariffs took effect on Monday, hitting tariff-sensitive sectors like the auto industry particularly hard. Investors seem to find little comfort in another one-month delay, with the S&P 500 still down 1.8% for the day.

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Toby Bochan, Luke Kawa

Double dose of long-delayed jobs data weighs on US stocks

The markets continued to slide on Tuesday, with the S&P 500 and Russell 2000 finishing lower, while the Nasdaq 100 managed a last-hour rally to finish slightly up.

A young grizzly bear plays with a car tire at a zoo

markets

IonQ and D-Wave Quantum spike as Jefferies initiates coverage with “buy” ratings

Shares of IonQ and D-Wave Quantum are soaring on Tuesday after Jefferies initated coverage on the stocks with “buy” ratings and price targets of $100 and $45, respectively.

Rigetti Computing, which Jefferies started with a “hold” rating and $30 price target, is modestly lower. These three quantum computing companies are all down between 40% and 60% from their October all-time highs.

All 13 analysts who cover D-Wave have a “buy” (or equivalent) rating, while 75% of the dozen on Wall Street who have a rating on IonQ recommend the stock.

While the speculative AI-linked stocks continue to largely get crushed, this pocket of the market also favored by retail traders is showing some signs of life.

Chip Stocks Bubble

Chip stocks are in a bubble, at least by this definition, says analyst

The definition of a “bubble” is notoriously difficult to pin down. But these analysts applied a Harvard academic’s rubric and found the shoe fits for some popular tech stocks.

Matt Phillips6h

RadNet tumbles after Hunterbrook Media calls it “the AI story that doesn’t add up” and investment arm announces short position

In investigating the company, “what emerged was a gap between story and substance: a Digital Health business that generates much of its growth by invoicing a different RadNet business line; a same-center sales metric seemingly juiced by undisclosed consolidations; financial disclosures that don’t add up; and insiders using the stock run-up to cash out,” wrote Hunterbrook authors led by Bethany McLean.

AILIS - New Breast Cancer Prediction Technology

markets

Max Knoblauch8h

Frontier sinks as longtime CEO, who regularly feuded with United, suddenly departs

Shares of ultra-budget airline Frontier are down more than 10% on Tuesday morning following the carrier’s announcement that it would replace its longtime CEO, Barry Biffle. Frontier President James Dempsey will fill in as interim CEO.

Biffle, who has been Frontier’s CEO since early 2016, will remain at the airline in an “advisory capacity” until December 31. The move is “not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices,” per a company filing.

Under Biffle, Frontier attempted to acquire rival Spirit twice since 2022 — both unsuccessful. Last week, the carrier’s shares dropped after Spirit’s pilots ratified a lower-paying contract in an effort to keep it afloat through its latest bankruptcy.

Biffle was a staunch defender of the ultra-budget model, which has been falling out of fashion in the US market in recent years. He’s regularly feuded with United Airlines CEO Scott Kirby over comments about budget airlines.

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