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AI Disruption Fears & Trump Tariffs Shake Markets: Key Developments

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AI disruption fears continue to weigh on Wall Street as investors brace for key earnings reports amid concerns over mass unemployment scenarios. Trump’s 10% global tariffs took effect Tuesday after a Supreme Court ruling invalidated his emergency-powers levies, with potential 15% hikes looming. Paramount Skydance raised its bid for Warner Bros Discovery to $108.4 billion, intensifying the studio merger battle against Netflix’s $82.7 billion offer. Meanwhile, Home Depot faces pressure to beat weak housing demand forecasts, while oil prices near seven-month highs ahead of U.S.-Iran nuclear talks.