Trade war disruption, BYD EV charging system, fund managers cut US equity allocations.

From Yahoo Finance: 2025-03-22 09:00:00

President Donald Trump’s trade war has disrupted the global economic order, causing major consequences. BYD’s new EV charging system can add enough charge in 5 minutes to travel 292 miles. Fund managers drastically cut U.S. equity allocations in March. Cruise stocks like Royal Caribbean are sinking. Hims & Hers stock fell as they prepare for regulatory changes in the weight-loss drug industry. Berkshire Hathaway stocks hit record highs. The Federal Reserve kept interest rates steady but adjusted inflation and unemployment forecasts. RBC Capital Markets cut its S&P 500 year-end target.



Read more at Yahoo Finance: Stocks and ‘chaos monkeys,’ Tesla’s BYD threat, and Warren Buffett’s great timing: Markets news roundup