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March 30, 2025

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Best blue-chip ETFs to buy as Donald Trump’s trade war escalates

4 Mins Read

American stocks have crashed this year, and are continuing to lag behind their global peers in countries like Germany, France, and China. This performance may continue next week when Trump implements his Liberation Day tariffs, triggering a trade war.

Investing in quality blue-chip ETFs can be a good way to prepare for these tariffs. This article highlights some of the best ETFs to buy and hold ahead of these tariffs, and what to expect. 

Blue-chip ETFs to buy ahead of tariffs

Some defensive ETFs will do well when Trump implements his tariffs. The most notable names are the SPDR Gold Shares ETF (GLD), Vanguard Utilities ETF (VPU), Vanguard Health Care ETF (VHT), and Vanguard Consumer Staples ETF (VDC).

SPDR Gold Shares ETF (GLD)

The GLD ETF is one of the best blue-chip ETF to buy as the trade war intensifies. It has already jumped by over 17% this year and over 38% in the last 12 months and is hovering near its all-time high. 

Gold will be a good asset to buy as more investors move to its safety because of the rising risks. Also, the ongoing tensions between the US, its allies, and foes will see more companies abandon the dollar and move to its safety. 

Further, the GLD ETF may do well when the Federal Reserve starts to cut interest rates later this year to deal with a potential recession.

Vanguard Utilities ETF (VPU)

Utilities are some of the best assets to invest in times of economic issues because customers always buy them. Homeowners will always pay for their water and electricity bills, meaning that many of these firms will keep doing well.

The VPU ETF is one of the best funds to invest in during a recession. It is a cheap ETF with an expense ratio of 0.09%, making it highly affordable. It tracks 69 companies and has an average P/E ratio of 20.2x. 

Most companies in the VPU ETF are in the electric utilities, followed by gas utilities, independent power producers, and water utilities. Popular names in the fund are NextEra, Southern, Duke Energy, Constellation Energy, and American Electric Power. The VPU ETF has a 3% yield and has jumped by 3.5% this year.

Read more: 5 Best Utility Stocks to Buy for Q1 2025

Vanguard Health Care ETF (VHT)

The healthcare sector will always be a good defensive area to park your money because of the rising demand of drugs. Also, most people in the US don’t pay for medicine out of pocket. Instead, they rely on private insurance and the government. 

The VHT ETF is a cheap fund to invest in because of its exposure to the healthcare sector. It holds 413 companies spread across areas like biotechnology, healthcare equipment, managed health care, pharmaceuticals, and healthcare facilities. 

The biggest companies in the VHT ETF are Eli Lilly, UnitedHealth Group, AbbVie, Johnson & Johnson, Merck, and Intuitive Surgical. The fund will likely continue doing well this year. The risk, however, is that it has exposure to many biotech companies that are often volatile. It is also an expensive fund with a price-to-earnings ratio of 30.

Vanguard Consumer Staples ETF (VDC)

The Vanguard Consumer Staples ETF (VDC) is another good fund to invest when Trump’s trade war starts. Companies in the consumer staples industry often do well in all market conditions since customers buy their products in market conditions. 

The VDC ETF tracks the biggest companies in the industry. The biggest category in the fund is merchandise retail, household products, soft drink & non-alcolic beverages. Some of the top firms in the fund are Costco, Walmart, P&G, Coca-Cola, PepsiCo, and Philip Morris. 

Other ETFs to buy

There are other top blue-chip ETFs to buy when the trade war starts. The most notable ones are the Schwab US Dividend Equity ETF (SCHD), VanEck Morningstar Wide Moat (MOAT), and Pacer US Cash Cows 100 ETF (COWZ).

Read more: COWZ vs CALF vs BUL: Which free cash flow ETF is better to buy?

The post Best blue-chip ETFs to buy as Donald Trump’s trade war escalates appeared first on Invezz

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In World news

Crypto Market Recap: SEC Nominee Atkins Grilled on Crypto, UAE to Launch CBDC

6 Mins Read

Here’s a quick recap of the crypto landscape for Friday (March 28) as of 9:00 p.m. UTC.

Bitcoin and Ethereum price update

Bitcoin (BTC) is currently trading at US$83,780.06, a 3.7 percent decrease over the past 24 hours. The day’s trading range has seen a low of US$83,609.35 and a high of US$85,503.88.

Bitcoin performance, March 28, 2025.

Chart via TradingView.

Deribit’s US$16 billion Bitcoin options expiry on Friday had US$75,000 max pain, down from the projected US$85,000, and a 0.58 put/call ratio. There was a high amount of call option open interest at the US$100,000 strike price.

Bitcoin’s subsequent decline indicates post-expiry market adjustments.

Ethereum (ETH) is priced at US$1,875.25, a 6.4 percent decrease over 24 hours. The cryptocurrency reached an intraday low of US$1,866.54 and a high of US$1,900.19.

Altcoin price update

  • Solana (SOL) is currently valued at US$129.44, down 6.9 percent over the past 24 hours. SOL experienced a low of US$129.17 and a high of US$131.56 on Friday.
  • XRP is trading at US$2.18, reflecting a 6.9 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday low of US$2.16 and a high of US$2.22.
  • Sui (SUI) is priced at US$2.49, showing a 9.7 percent decrease over the past 24 hours. It achieved a daily low of US$2.49 and a high of US$2.56.
  • Cardano (ADA) is trading at US$0.6961, reflecting a 5.2 percent decrease over the past 24 hours. Its lowest price on Friday was US$0.66925, with a high of US$0.7031.

Crypto news to know

SEC onboards Musk’s DOGE team members

Reuters reported that the US Securities and Exchange Commission (SEC) has begun onboarding members from Elon Musk’s Department of Government Efficiency (DOGE) team.

“Our intent will be to partner with the DOGE representatives and cooperate with their request following normal processes for ethics requirements, IT security or system training, and establishing their need to know before granting access to restricted systems and data,” said an email to SEC staff, according to Reuters.

Atkins questioned at Senate confirmation hearing

SEC nominee Paul Atkins testified before the Senate Banking Committee on Thursday (March 27).

During the hearing, he was questioned by Senate lawmakers regarding the sale of his consulting firm, Patomak Global Partners, which advised bankrupt cryptocurrency exchange FTX.

“Your clients pay you north of US$1,200 an hour for advice on how to influence regulators like the SEC, and if you’re confirmed, you will be in a prime spot to deliver for all those clients who’ve been paying you millions of dollars for years,” said Senator Elizabeth Warren during the hearing. She also requested that he disclose the firms potential buyers, whom she suggested may “buying access to the future chair of the SEC.’

Atkins said he will abide by the process of government ethics, but did not directly answer Warren’s question.

Senator John Kennedy also grilled Atkins about whether he will pursue the parents of FTX founder Sam Bankman-Fried, who Kennedy alleges may have been involved in and profited from his business affairs. Kennedy said if his position with the SEC is confirmed, he would “pounce on you like a ninja” to investigate the matter further.

UAE set to launch Digital Dirham CBDC

The United Arab Emirates is moving forward with its central bank digital currency (CBDC) plans, announcing that the Digital Dirham will be launched for retail use by the last quarter of 2025, the Khaleej Times reported.

The Central Bank of the United Arab Emirates has developed an integrated Digital Dirham platform that will support retail, wholesale and cross-border transactions.

The CBDC will be accessible through licensed financial institutions, including banks, fintech firms and exchange houses, and will be accepted alongside physical cash across all payment channels.

This initiative follows the United Arab Emirates’ efforts to regulate stablecoins and aligns with global trends, as countries like China, Russia and Sweden also push forward with CBDC pilot programs.

The United Arab Emirates’ Digital Dirham is expected to enhance financial security, streamline transactions and provide regulatory oversight beyond what private stablecoins can offer.

UK regulator plans to enforce stricter crypto authorization regime

The UK’s Financial Conduct Authority (FCA) announced that it will introduce a new authorization framework for crypto firms in 2026, significantly increasing regulatory scrutiny in the sector.

Under the proposed ‘gateway regime,’ crypto companies, including major exchanges such as Coinbase and Gemini, will need to obtain authorization to operate beyond existing anti-money laundering (AML) requirements.

The FCA has been tightening its oversight, with only 50 out of 368 applicants successfully registering under its AML framework since 2020. Upcoming consultations will define which crypto activities require authorization, with a focus on stablecoins, trading platforms and staking services.

Industry participants have just over a year to prepare for these stricter compliance measures, which are expected to reshape the regulatory landscape for digital assets in the UK.

BlackRock expands Bitcoin ETP to Europe

BlackRock has launched its iShares Bitcoin exchange-traded product (ETP) in Europe, making it available on major exchanges like Xetra, Euronext Amsterdam and Euronext Paris.

This expansion is a significant milestone for institutional Bitcoin adoption in the region, following the success of BlackRock’s US-based iShares Bitcoin Trust ETF, which has accumulated over US$49 billion in assets.

However, analysts believe that demand for the European ETP will be more muted, citing differences in market structure, investor appetite and regulatory clarity.

While Bitcoin exchange-traded funds (ETFs) in the US have benefited from deep institutional participation, the European market is still developing. Experts suggest that BlackRock’s entry into Europe could encourage further institutional involvement, but widespread adoption may take time as regulatory frameworks evolve.

Nasdaq files to list Grayscale’s spot Avalanche ETF

Nasdaq is seeking permission from the SEC to list Grayscale Investments’ spot Avalanche ETF. The proposed AVAX ETF would be a conversion of Grayscale Investments’ close-ended AVAX fund launched in August 2024, which currently holds around US$1.76 million worth of assets under management.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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In Business

FCC is investigating Disney and ABC for DEI initiatives

2 Mins Read

The Federal Communications Commission has alerted the Walt Disney Company and its ABC unit that it will begin an investigation into the diversity, equity and inclusion efforts at the media giant.

The FCC, the agency that regulates the media and telecommunications industry, said in a letter dated Friday that it wants to “ensure that Disney and ABC have not been violating FCC equal employment opportunity regulations by promoting invidious forms of DEI discrimination.”

“We are reviewing the Federal Communications Commission’s letter, and we look forward to engaging with the commission to answer its questions,” a Disney spokesperson told CNBC.

FCC Chairman Brendan Carr, who was recently appointed by President Donald Trump, began a similar investigation into Comcast and NBCUniversal in early February.

The inquiry comes after Trump signed an executive order looking to end DEI practices at U.S. corporations in January. The order calls for each federal agency to “identify up to nine potential civil compliance investigations” among publicly traded companies, as well as nonprofits and other institutions.

“For decades, Disney focused on churning out box office and programming successes,” Carr wrote in the letter to CEO Bob Iger. “But then something changed. Disney has now been embroiled in rounds of controversy surrounding its DEI policies.”

An FCC spokesperson didn’t comment beyond the letter.

Disclosure: Comcast is the parent company of NBCUniversal and NBC News.

This post appeared first on NBC NEWS

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In Politics

How Trump-blocking judges managed to get past Senate judiciary hawks

6 Mins Read

As federal judges exceed records with an onslaught of nationwide orders blocking President Donald Trump’s orders, some have revisited how each was confirmed, and whether Republicans could have foreseen their rulings or done anything more to block them. 

Sen. Josh Hawley, R-Mo., a member of the powerful Senate Judiciary Committee, told Fox News Digital in an interview, ‘This is why I think I voted against every Biden judge.’

He acknowledged that many of the judges in question were confirmed before his time, given he was first elected in 2018. 

‘People said to me, ‘Why don’t you ever vote for any of Biden’s judges?” he said. ‘This is why.’

‘Because if they’re not faithful to the rule of law, then you can bet they’ll just be looking for opportunities to intervene politically.’

Since Trump entered office, he has faced a slew of nationwide injunctions to halt actions of his administration, which exponentially outweighs the number his predecessors saw. So far in his new term, the courts have hit him with roughly 15 wide-ranging orders, more than former Presidents George W. Bush, Barack Obama and Joe Biden received during their entire tenures. 

Some of those who have ordered the Trump administration to halt certain actions are U.S. District Judges James Boasberg, Amir Ali, Loren AliKhan, William Alsup, Deborah Boardman, John Coughenour, Paul A. Engelmayer, Amy Berman Jackson, Angel Kelley, Brendan A. Hurson, Royce Lamberth, Joseph Laplante, John McConnell and Leo Sorokin. There are 94 districts in the U.S. and at least one district court in each state. These courts are where cases are first heard before potentially being appealed to higher courts. 

Several of these judges were confirmed in the Senate in a bipartisan manner, and some even prevailed with no opposition. There were others who were opposed by every Republican senator. 

One of the most controversial judges, Boasberg, known for blocking a key immigration action by the Trump administration, was confirmed by a roll call vote after being nominated by Obama in 2011. The vote was 96-0 and no Republicans opposed him. 

Former Trump attorney Jim Trusty told Fox News Digital, ‘I don’t think the Republicans ever expected quite the onslaught of lawfare that we’ve seen when President Trump is in office.’

‘The activist nature of some federal district court judges – issuing nationwide injunctions against the Executive Branch on a minute’s notice – is unfortunate and puts pressure on appellate courts, including SCOTUS, to fix these problems,’ he explained.

However, he said the real problem is ‘an army of lawyers’ who he said are trying to ‘bend and twist legal principles.’

‘They are spending their days devoted to stopping President Trump’s agenda even if it means siding with Venezuelan gang members who illegally entered the US,’ Trusty claimed. 

Andy McCarthy, a former assistant U.S. attorney and a Fox News contributor, told Fox News Digital, ‘Republicans could have done a much better job blocking Biden’s judicial appointments.’

He pointed to Biden’s recent time as a lame-duck president, specifically referring to nominees that ‘squeaked by’ due to Republican absences. 

‘Biden’s nominees were very radical and should have been opposed as vigorously as possible,’ he said. ‘These are lifetime appointments and the progressives filling these slots will be a thorn in the nation’s side for decades.’

However, former Deputy Assistant Attorney General John Yoo, made a point of saying, ‘There was no way to know how they would rule in future cases like these.’ 

He argued that senators can conduct their due diligence to the best of their abilities, but they can’t see into the future. 

‘The Senate has the right to reject nominees whom it thinks will interpret the Constitution incorrectly, but nominees also have an obligation not to promise how they might rule on cases once they join the bench,’ Yoo said. 

Thomas Jipping, senior legal fellow with the Edwin Meese III Center for Legal and Judicial Studies at the Heritage Foundation, noted to Fox News Digital that senators ‘can’t use the filibuster to defeat the judge,’ which makes blocking controversial nominees even more difficult. 

‘The only way to actually defeat someone’s confirmation is to have the majority of the votes,’ he explained. ‘If Republicans are in the minority, there has to be at least a few Democrats voting against the Democratic nominee to defeat someone.’

Fox News Digital reached out to former Republican Senate Leader Mitch McConnell, R-Ky., and Senate Judiciary Committee Chairman Chuck Grassley, R-Iowa, to comment on how these judges were able to get confirmed. 

The senators were asked if they were still happy with how the judges were confirmed and their individual votes. They were also asked whether there was anything alarming in the judges’ records and if Republicans did enough to block certain confirmations. 

McConnell’s office pointed Fox News Digital to comments he made over the legislative recess at a press conference in Kentucky. 

‘The way to look at all of these reorganization efforts by the Administration is what’s legal and what isn’t… they’ll be defined in the courts,’ he told reporters in response to the legality of potentially shutting down the Department of Education. ‘I can understand the desire to reduce government spending. Every Administration – some not quite as bold as this one – have tried to do that in one way or another. This is a different approach… and the courts will ultimately decide whether the president has the authority to take these various steps. Some may have different outcomes, I’m just going to wait – like all of us in effect are going to wait, and see whether this is permissible or not.’

Grassley’s office pointed to a previous statement from the senator’s spokesperson, Clare Slattery. 

‘The recent surge of sweeping decisions by district judges merits serious scrutiny. The Senate Judiciary Committee will be closely examining this topic in a hearing and exploring potential legislative solutions in the weeks ahead,’ she said. 

The committee has notably slated a hearing on nationwide injunctions for next week. 

This post appeared first on FOX NEWS

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