Everything, Everywhere, All at Once: Markets Crash, Tariffs Hit, and Gen Z Sets Menus on Fire
Markets plunged Friday as Trump’s new tariffs took effect, job numbers disappointed, and the President fired the head of the Bureau of Labor Statistics in an unprecedented move. Big Tech earnings were mixed—Apple got a bump from consumers panic-buying before tariffs, while Amazon stumbled on weak cloud growth. Berkshire Hathaway saw a 4% drop in earnings and warned tariffs could impact nearly every part of its business. Gen Z’s obsession with spice is reshaping restaurant menus, driving 76 new spicy items in just three months. Nintendo announced it will raise prices on older consoles and accessories due to tariffs, joining Sony and Microsoft. Amazon’s AWS growth lagged far behind Google and Microsoft, raising fears it’s losing ground in the AI-powered cloud wars. And finally, 3,200 Boeing defense workers went on strike after rejecting a generous contract, threatening military production. Every one of these stories has ripple effects for investors, consumers, and the future of the economy.
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