In This Article:
Wealth host Brad Smith looks at the top stories on this segment of Market Minute.
Alphabet (GOOG, GOOGL) stock is falling has agreed to pay $100 million to settle a lawsuit with advertisers.
Wolfspeed (WOLF) stock collapses to a 27-year low.
President Trump has pardoned Nikola (NKLAQ) founder, Trevor Milton, who was sentenced to four years in prison for defrauding investors.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo! Finance's Markets Minute. Stocks are selling off as investors grapple with escalating trade tensions and hotter than expected inflation on the PCE front. Alphabet's falling along with the rest of the Magnificent Seven. The tech giant also agreeing to pay $100 million in cash to settle a lawsuit with advertisers who claim Google overcharged them. Shares of chipmaker Wolf Speed plummeting to a 27-year low. Shares are off nearly 50% today. The company tapped a chip industry veteran as its new CEO on Thursday, and the company ousted its former chief executive back in November. You'll remember, as it faces a slowdown in demand from automotive customers. And the White House confirming that President Trump has pardoned Nikola founder and former CEO, Trevor Milton. Milton was sentenced to four years in prison for defrauding investors about his zero emissions trucks back in 2022. He was out on bond as his attorneys appealed the charge. That's your Yahoo! Finance market minute. For more on what's trending on Yahoo! Finance, scan the QR code below.
