China vows ‘fight to the end’ on tariffs as it props up markets

April 8, 2025

Image source: Adobe Stock

Breaking News

Image source: Adobe Stock

📊 China vows ‘fight to the end’ on tariffs as it props up markets: China pledged to retaliate against Donald Trump’s latest tariff threat and mobilized state organs to send a message of resilience, raising the risk of a prolonged trade war between the world’s two largest economies. Yahoo Finance reports.

EdgeUp

📊 Apple and Nvidia lead big tech higher after savage sell-off: Apple shares are finding their feet as 'bargain hunters' emerge. After tumbling 19% in just the last three sessions on fears the iPhone maker is highly vulnerable to Trump's tariff war, they are adding 1.7% amid a broadly better market mood. Nvidia shares were a notable outperformer during Monday's market turmoil and they are positive again early Tuesday, adding 1.7% to reclaim the $100 level. MarketWatch reports.

⬇️ US small business confidence drops, economic outlook dims: U.S. small-business confidence dropped for a third straight month in March, eroding most of the gains that followed President Donald Trump's election victory in November, amid rising concerns over the administration's trade policy despite early optimism about a potential business boost from expected tax cuts and deregulation. Reuters reports.

🤖 China's DeepRoute.ai to team up with Qualcomm to develop advanced driver assistance solutions: Chinese autonomous driving technology developer DeepRoute.ai said on Tuesday it will cooperate with Qualcomm to develop "cost-effective" advanced driver assistance solutions based on Snapdragon platforms. Yahoo Finance reports.

📈 Samsung sees Q1 profit beating estimates as looming tariffs spur chip, phone sales: Samsung Electronics on Tuesday flagged a much smaller-than-feared 0.2% fall in first-quarter operating profit, boosted by solid memory chip sales and strong smartphone demand, partly driven by customers concerned about U.S. tariffs. Reuters reports.

🔋 BYD expects Q1 net profit to grow 86.0-118.9% year-on-year: Chinese electric vehicle giant BYD said on Tuesday it expects net profit in the first quarter to grow 86.0%-118.9% year-on-year. Yahoo Finance reports.

🛒 Walmart is facing tariffs and recession fears. It may have a secret weapon to keep growing: As tariffs roil the U.S. economy, Walmart may find safety in a new part of its business that’s driving more store traffic and online sales: Its membership program, Walmart+. CNBC reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1) $GLXG: Galaxy Payroll Group

Total gain: +87.27%

2) $FOXO: FOXO Technologies
Total gain: +84.9%

3) $SVRE: Saverone 2014
Total gain: +57.71%

4) $EFSI: Eagle Financial Services
Total gain: +54.45%

5) $PSBD: Palmer Square Capital BDC
Total gain: +48.09%

Yesterday's Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on April 7.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) $JNVR: Janover
Total gain: +825%
An all-former Kraken team dedicated to bridging the liquidity gap between Traditional Finance and Decentralized Finance has acquired majority ownership of Janover. Benzinga reports.

2) $BJDX: Bluejay Diagnostics
Total gain: +110.7%
The company announced that it has entered into an agreement with institutional investors that are existing holders of warrants to purchase shares of common stock of the firm for cash, wherein the investors agreed to exercise the existing warrants to purchase up to 1,085,106 shares of common stock at a reduced exercise price of $3.42 per share, resulting in gross proceeds of approximately $3.7 million, before deducting offering fees and other expenses payable by Bluejay Diagnostics. Benzinga reports.

3) $ARTV: Artiva Biotherapeutics
Total gain: +36.48%
The stock appeared to be moving on no notable news.

Today’s Notable Earnings

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

CALM: Cal-Maine Foods

3Q 2025
After Market Close
Estimate: 10.900
Actual: N/A

AEHR: Aehr Test Systems

3Q 2025
After Market Close
Estimate: 0.040
Actual: N/A

MAMA: Mama`s Creations
4Q 2025
After Market Close
Estimate: 0.030
Actual: N/A

Today’s Key Economic Dates

Time (ET) / Report / Period

6:00 am - NFIB optimism index - March
8:00 am - San Francisco Fed President Mary Daly speaks

Parting Thoughts

“Successful investing involves doing just a few things right and avoiding serious mistakes.”

- John C. Bogle

Sourced in:
"The Little Book of Common Sense Investing", by John C. Bogle, published in 2007