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Symbol GOOG
Name Alphabet Inc.
Currency USD
Sector Communication Services
IndustryGroup Telecommunication Services
Industry Diversified Telecommunication Services
Market NASDAQ Global Select
Country United States
State CA
City Mountain View
Zipcode 94043
Website http://www.abc.xyz

global markets plunge as trump tariffs erase billions in billionaire wealth

Investors are facing significant losses as President Trump's unexpected tariffs led to a dramatic sell-off in global markets, erasing $2.4 trillion in value, with tech giants hit hardest. Billionaires like Mark Zuckerberg and Jeff Bezos saw substantial wealth declines, while fears of a potential global recession loom. Analysts predict legal challenges to the tariffs and possible negotiations, as markets brace for further downturns.

Warren Buffett and Bill Gates are only billionaires to gain wealth in 2025

Warren Buffett and Bill Gates are the only billionaires to see an increase in wealth in 2025, with Buffett gaining $23 billion to reach approximately $165 billion, driven by Berkshire Hathaway's strong stock performance and record cash reserves of $325 billion. Gates added $3 billion to his net worth but fell to sixth place on the billionaire list. In contrast, Elon Musk suffered a staggering loss of over $100 billion, primarily due to a 30% drop in Tesla's stock price amid broader market declines and negative public sentiment.

trump tariffs jeopardize big tech ai expansion and infrastructure projects

President Trump's newly imposed tariffs, ranging from 10% to 34% on imports from China, Taiwan, and South Korea, threaten to disrupt Big Tech's AI expansion plans. The tariffs could delay significant projects like OpenAI's $500 billion Stargate initiative and may lead to reduced spending by major cloud service providers such as Microsoft, Alphabet, and Amazon, which are already facing financial pressures.

tech stocks tumble as trump announces new tariffs on imports

Tech stocks fell sharply on April 2 following President Trump's announcement of new tariffs on imports, ranging from 10% to 49%. Apple led the decline with a 6% drop, while Nvidia, Tesla, Alphabet, Amazon, and Meta experienced losses between 2.5% and 5%. The broader market also suffered, with the S&P 500 ETF down 2.8% and the Nasdaq 100 ETF falling over 3%, marking the Nasdaq's worst quarter since 2022 with a 10% decline in the first three months of the year.

record number of billionaires amass unprecedented wealth in annual forbes list

Forbes' latest annual billionaires list reveals a record 3,028 billionaires, collectively worth $16.1 trillion, an increase of $2 trillion from last year. Elon Musk tops the list with $342 billion, followed by Mark Zuckerberg and Jeff Bezos. Public sentiment towards billionaires is mixed, reflecting both their growing influence and increasing scrutiny.

goldman sachs analyst highlights trends in retail and e commerce at shoptalk 2025

At the 2025 Shoptalk Conference, Goldman Sachs analyst Eric Sheridan highlighted key trends in eCommerce, emphasizing the evolution of search, the importance of video content, and the role of AI in enhancing brand experiences. He identified stable demand for digital transformation and noted retail media's growing significance. Sheridan's top stock picks include Amazon, Alphabet, and Gap, while he anticipates Shopify's growth in the B2B sector amid a favorable competitive landscape.

Wells Fargo lowers Alphabet price target to 167 from 184

Wells Fargo has lowered its price target for Alphabet from $184 to $167. This adjustment reflects the bank's updated outlook on the tech giant's market performance.

wells fargo lowers price target on alphabet maintains equalweight rating

Wells Fargo has lowered its price target on Alphabet Inc. to $167 from $184 while maintaining an equal-weight rating. Alphabet operates across six key areas, including Google search, YouTube, Nest Labs for home automation, Calico for biotechnology research, Google X for AI, and investment services through Google Ventures and Google Capital. Geographically, net sales are distributed with 48.7% from the U.S., 5.8% from the Americas, 29.2% from Europe/Middle East/Africa, and 16.3% from Asia/Pacific.

us markets decline amid tariff fears and geopolitical tensions as gold surges

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