Trump trolls Apple, stocks slide in volatile week
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Apple’s stock has sold off on tariff fears, but the company still has a healthy business underpinned by a sticky ecosystem and robust array of services offerings.
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Shares of consumer tech giant Apple (NASDAQ: AAPL) traded over 5% higher, as of 11:51 a.m. ET today, after officials from the U.S. and China announced a 90-day pause on extremely high tariffs rates, setting the stage for a broader trade agreement.
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Kraken will list more than 50 tokenized stocks and ETFs, such as Apple (AAPL), Tesla (TSLA) and Nvidia. The move makes crypto-style 24/7 trading available for traditional equities, broadening access to some of the largest tech stocks, as per Wall Street Journal.
Wall Street had its worst week since early April after President Trump said he would impose steep tariffs on E.U. goods and targeted Apple with a tax on foreign-made iPhones.
The company plans to cut roughly 2,500 jobs as it grapples with the effects of the Trump administration’s [crackdown on federal contracting](