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Why Reddit (RDDT) Stock Is Down Today

Shares of online community and discussion platform Reddit (NYSE:RDDT) fell 5.9% in the morning session after stocks pulled back (Nasdaq -1.5%, S&P 500 -1.2%) amid fresh concerns about trade tariffs. The pullback followed comments from President Trump clarifying the scope of his administration's 25% tariffs on Venezuela. He noted that it would apply to any country that does business with Venezuela. For example, 25% is on top of the already-in-place 20% tariff on China because China imports oil fr

Why Monolithic Power Systems (MPWR) Stock Is Nosediving

Shares of power management chips maker Monolithic Power Systems (NASDAQ:MPWR) fell 6.3% in the afternoon session after stocks pulled back (Nasdaq -1.5%, S&P 500 -1.2%) amid fresh concerns about trade tariffs. The pullback followed comments from President Trump clarifying the scope of his administration's 25% tariffs on Venezuela. He noted that it would apply to any country that does business with Venezuela. For example, 25% is on top of the already-in-place 20% tariff on China because China impo

Why Marvell Technology (MRVL) Stock Is Nosediving

Shares of networking chips designer Marvell Technology (NASDAQ: MRVL) fell 7.9% in the afternoon session after stocks pulled back (Nasdaq -1.5%, S&P 500 -1.2%) amid fresh concerns about trade tariffs. The pullback followed comments from President Trump clarifying the scope of his administration's 25% tariffs on Venezuela. He noted that it would apply to any country that does business with Venezuela. For example, 25% is on top of the already-in-place 20% tariff on China because China imports oil

Trump's SEC pick pledges 'rational' crypto regulations

Paul Atkins, President Donald Trump's pick to run the U.S. Securities and Exchange Commission, pledged on Wednesday that regulations under his leadership would benefit the crypto sector and prevent politics from "stifling" capital formation, according to prepared testimony made public by the Senate. "A top priority of my chairmanship will be to work with my fellow Commissioners and Congress to provide a firm regulatory foundation for digital assets through a rational, coherent, and principled approach," Atkins said in written remarks. Atkins is due to appear for a Senate confirmation hearing on Thursday.