Markets & Headlines

Markets & Headlines – 4/24/25

Headlines and Quotations

WSJ

Trump: “Various elements built it up to 145, but it won’t be anywhere near that high. … It’ll come down substantially, but it won’t be zero.”
One senior White House official said the China tariffs were likely to come down to between roughly 50% and 65%. The administration is also considering a tiered approach similar to the one proposed by the House committee on China late last year: 35% levies for items the U.S. deems not a threat to national security, and at least 100% for items deemed as strategic to America’s interest, some of the people said.

Yet so far, the only force that has reliably prompted him to back down is Wall Street.

Grok: University accreditors are organizations that evaluate and certify the quality and standards of higher education institutions and their programs. In the U.S., they are typically private, nonprofit entities recognized by the U.S. Department of Education or the Council for Higher Education Accreditation (CHEA). Their role is to ensure institutions meet criteria for academic rigor, faculty qualifications, student outcomes, and operational integrity.
“Instead of pushing schools to adopt a divisive DEI ideology, accreditors should be focused on helping schools improve graduation rates and graduates’ performance in the labor market,” said Education Secretary Linda McMahon.
Accreditors play a role largely unseen to the public but crucial for universities, setting standards that must be met to access federal financial aid

President Trump tossed cold water on the idea of raising tax rates on the highest-income Americans, ending for now a Republican flirtation with higher taxes at the top to help pay for his broader agenda.

Students—particularly those without U.S. citizenship—are asking to have their names removed from articles for fear of backlash by immigration officials.

Yahoo Finance

US stock futures traded flat after a mostly upbeat day on Wall Street, driven by fresh signs President Trump is aiming to strike a trade deal with China.

It’s same-store sales declined 0.4% year over year, the first drop since COVID-19 shut down stores in 2020 Q2. Analysts had expected growth of 1.74%; it had clocked a 7% jump in the same period last year.
“As we dig into specifically what’s going on with the Chipotle consumer, we’re not seeing a loss of customers. What we are seeing is a convenience challenge, meaning we need to build more restaurants as quickly as we can to get to our 7,000 restaurants in North America.”

Reuters

President Donald Trump’s meme coin surged more than 60% on Wednesday after a post announcing “the most EXCLUSIVE INVITATION in the world” promised the top 220 buyers of $TRUMP a private gala dinner with the president on May 22.

Prosecutors had been investigating whether Lee’s appointment as the head of the SMEs and Startups Agency was in exchange for Moon’s former son-in-law getting a job and receiving a salary plus living expenses at the Thai-based corporation that Lee controlled in 2018-2020, the statement said.

CNN

Musk told investors on Tuesday night he would step back from his role running the Department of Government Efficiency (DOGE) next month, spending only one or two days a week there. He said he would spend the freed up time running Tesla.
Musk on Tuesday dismissed the idea that there had been any brand damage due to his controversial political activities, blaming the protests – without any proof – on paid protestors. He suggested the company’s record drop in sales was due to macro economic issues and uncertainty on the part of car buyers.

CNBC

Data from the Bank of Korea showed that the drop was mostly due to a fall in construction, with the sector contracting 12.4% year on year.

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