🚀 Trump proposing tariffs on cars, pharma and semiconductors

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This tech company grew 32,481%...

No, it's not Nvidia... It's Mode Mobile, 2023’s fastest-growing software company according to Deloitte.

Just as Uber turned vehicles into income-generating assets, Mode is turning smartphones into an easy passive income source, already helping 45M+ users earn $325M+ through simple, everyday use.

They’ve just been granted their stock ticker by the Nasdaq, and you can still invest in their pre-IPO offering at just $0.26/share.

Invest Now

*Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
*The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
*Please read the offering circular and related risks at invest.modemobile.com.

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Donald Trump announced plans for new 25% tariffs on automobiles, pharmaceuticals, and semiconductors, with the possibility of further increases over the next year. While he did not specify if these tariffs would apply to all imports or specific countries, the move would most impact major auto exporters like Mexico, Japan, and Canada, as well as pharmaceutical suppliers from Japan and India. Trump claims the tariffs are already encouraging companies to relocate manufacturing to the U.S., but analysts warn they could drive up drug prices, worsen supply shortages, and disrupt semiconductor supply chains, particularly affecting Taiwan Semiconductor, Nvidia, and Apple.

2. KFC is moving its U.S. headquarters from Louisville, Kentucky, to Plano, Texas, as part of Yum Brands’ broader effort to consolidate corporate offices. About 100 KFC U.S. employees will be required to relocate within six months, while Yum’s U.S. remote workforce will also be called back to office campuses. The shift aligns with a trend of companies relocating to business-friendly states like Texas, which offers lower taxes and flexible office space options. Despite the move, Yum will maintain some corporate presence in Louisville, including a planned flagship KFC restaurant.

3. Despite a slight dip in mortgage rates, overall mortgage demand fell 6.6% last week, with purchase applications down 6% and refinance applications dropping 7%, according to the Mortgage Bankers Association. While refinance applications remain 39% higher year-over-year, most homeowners still hold lower-rate mortgages, limiting activity. Housing affordability and economic uncertainty, including potential tariffs, continue to keep buyers hesitant, though increasing inventory may provide relief. With bond market volatility in the holiday-shortened week, mortgage rates have edged slightly higher.

4. Headlines

   1. Nikola has filed for Chapter 11 bankruptcy protection.

   2. Hims and Hers will offer at-home blood testing after acquiring Trybe Labs.

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Onwards and Upwards,

Liam Gill