May 2 "Economic Shock" Already Hitting These Companies

Finance chief reveals advertisers reporting impacts before tariff change even takes effect...

Hi there,

Snap plunged 13% after-hours as the company declined to provide Q2 guidance, citing "macroeconomic uncertainties" impacting advertising demand.

Their finance chief revealed advertisers are already reporting negative impacts from the May 2 end of the "de minimis exemption" allowing duty-free shipments under $800.

This suggests tariff impacts are materializing faster than anticipated – explaining why 12 Wall Street firms have cut their S&P targets. Access this story here.

-Christopher

P.S. Starbucks (-7%) and First Solar (-10%) also delivered concerning results, signaling consumer-facing businesses may face severe headwinds ahead. CLICK FOR FULL STORY >>