• Mar 26, 2025

Fed’s Musalem Wary of Threat of Persistent Tariff Inflation

(Bloomberg) -- Federal Reserve Bank of St. Louis President Alberto Musalem said it’s not clear any inflationary impact from tariffs will prove temporary, and he cautioned that secondary effects could prompt officials to hold interest rates steady for longer. Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impac

  • Mar 26, 2025

Why Broadcom (AVGO) Stock Is Falling Today

Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) fell 5.4% in the afternoon session after stocks pulled back (Nasdaq -1.5%, S&P 500 -1.5%) amid fresh concerns about trade tariffs. The pullback followed comments from President Trump clarifying the scope of his administration's 25% tariffs on Venezuela. He noted that it would apply to any country that does business with Venezuela. For example, 25% is on top of the already-in-place 20% tariff on China because China imports oil from