From Yahoo Finance: 2025-03-22 10:10:00

Former Amazon CEO Jeff Bezos losing the $10B JEDI contract during Trump’s first term is seen as a watershed moment. Bezos operates with fear of Trump and resentment towards Democrats’ vilification of Big Tech during Biden’s administration. Tesla stock plummeted over 40% this year due to concerns about economic growth and Elon Musk’s role in the administration.

Rio Tinto plans to increase its investment in the U.S., particularly in copper, following Trump’s executive order to streamline permitting processes for minerals projects. Loop Capital downgraded FedEx to Sell, citing the Trump Administration’s upcoming comprehensive tariff strategy for global trade. William Blair downgraded Valmont to Market Perform due to concerns about expected tariffs on Mexico impacting earnings.

Read more: Loss of $10B JEDI contract ‘watershed’ moment for Bezos