Nvidia, Chips Sink Stocks

MRKT Matrix - Wednesday, April 16th Nasdaq drops 3% as tech sell-off accelerates (CNBC) Global Tech Stocks Drop as ASML Warning Adds to Nvidia Curbs (Bloomberg) Powell indicates tariffs could pose a challenge for the Fed between controlling inflation and boosting growth (CNBC) Bank of Canada Sees Year-Long Recession in All-Out Trade War (Bloomberg) Treasury Secretary Scott Bessent to Yahoo Finance: Not all tariff deals will be done in 90 days (Yahoo Finance) China Open to Talks If US Shows Respect, Names Point Person (Bloomberg) Top Forecasters Warn Housing Market’s Days of Big Gains Are Over For Now (Bloomberg) U.S. vehicle supply is falling amid tariff fear-buying (CNBC) Trump’s tariffs on Chinese parts for Cybercab, Semi disrupt Tesla’s US production plans, source says (Reuters) Lyft to buy taxi app Free Now for $200 million to expand into Europe (CNBC) OpenAI in talks to pay about $3 billion to acquire AI coding startup Windsurf (CNBC) --- Subscribe to our newsletter: https://riskreversalmedia.beehiiv.com/subscribe MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs