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Stock impact report

U.S. Supreme Court brings the hammer down on Trump tariffs [Globe and Mail, The (Toronto, Canada)]

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
The decision will have significant implications for U.S. and global economic fundamentals, as well as for capital markets. Investment implications Markets have reacted moderately positively, and the initial logic is straightforward: Tariffs are taxes. Tariffs: (1) compress corporate profit margins by raising input costs, (2) reduce demand by pushing final prices higher, or (3) impose some combination of both – often with additional second-order effects through supply-chain disruption and uncertainty. Risk assets benefit first. Equity markets are higher and credit spreads are tightening, consistent with the view that a tariff rollback is a form of fiscal easing – supportive of growth and corporate profitability. Interest rates and the U.S. dollar can rise even as inflation risks ease. It is not inconsistent for yields and the dollar to move higher on improved growth sentiment and risk appetite, while a tariff rollback simultaneously reduces goods-price inflation pressure. If th Show less Read more
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