Wall Street’s euphoria lifts US stocks to historic heights after Trump’s 90-day tariff pause

U.S. stocks soared to one of their best days in history on a euphoric Wall Street Wednesday after President Donald Trump said he would back off on most of his tariffs temporarily, as investors had so desperately hoped he would.Treasury Secretary Scott Bessent later told reporters that Trump was pausing his so-called ‘reciprocal’ tariffs on most of the country’s biggest trading partners, but maintaining his 10% tariff on nearly all global imports. China was a huge exception, though, with Trump saying tariffs are going up to 125% against its products. That raises the possibility of more swings ahead that could stun financial markets. The trade war is not over, aThe pause of heftier tariffs on dozens of countries came less than 24 hours after they kicked in. However, the White House kept a 10% blanket duty on almost all U.S. imports. The increase in China tariffs was in retaliation for China’s announcement of an 84% levy on U.S. goods starting April 10. Traders took the opportunity to shop for beaten-down stocks. Since Trump announced broad tariffs late on April 2, stocks had fallen more than 12%. “This is the pivotal moment we’ve been waiting for. The immediate market reaction has been overwhelmingly positive, as investors interpret this as a step toward much-needed clarity,” said Gina Bolvin, president of Bolvin Wealth Management Group.

EU pauses countermeasures after Trump’s tariff reprieve; U.S. weighing deals

BRUSSELS/BEIJING/WASHINGTON, April 10 (Reuters) – The European Union will pause its first countermeasures against U.S. tariffs after President Donald Trump temporarily lowered the hefty duties less than a day after imposing them on dozens of countries, European Commission chief Ursula von der Leyen said on Thursday. The Trump administration is weighing offers from more than a dozen countries on tariff deals and is close to reaching agreements with some of them, White House economic adviser Kevin Hassett said.”USTR has informed us that there are maybe 15 countries now that have made explicit offers that we’re studying and considering and deciding whether they’re good enough to present the president,” Hassett told reporters at the White House, referring to the U.S. trade representative. Principals in the administration’s trade policy will meet at the White House on Thursday to discuss how to prioritize the separate negotiations, Hassett said. The EU was due to launch counter-tariffs on about 21 billion euros ($23.25 billion) of U.S. imports next Tuesday in response to Trump’s 25% tariffs on steel and aluminium. It is still assessing how to respond to U.S. car tariffs and the broader 10% levies that remain in place.”We want to give negotiations a chance,” von der Leyen said on X. “While finalising the adoption of the EU countermeasures that saw strong support from our Member States, we will put them on hold for 90 days.” Trump’s sudden decision on Wednesday to pause most of his hefty new duties brought relief to battered markets and anxious global leaders, even as he ratcheted up a trade war with China. His turnabout, which came less than 24 hours after steep new tariffs kicked in, followed the most intense episode of financial market volatility since the early days of the COVID-19 pandemic. U.S. stock indexes shot higher on the news, and the relief continued into Asian and European trading on Thursday. Before Trump’s U-turn, the upheaval had erased trillions of dollars from stock markets and led to an unsettling surge in U.S. government bond yields that appeared to catch Trump’s attention. source Reuters

BigCommerce vs Magento: Why BigCommerce is the Better B2B Choice

BigCommerce and Magento (now Adobe Commerce) are two ecommerce platforms that businesses often evaluate. Magento is an open-source platform, while BigCommerce is a fully hosted Software-as-a-Service (SaaS) platform. For growing businesses, choosing the right platform means balancing cost, scalability, maintenance, flexibility, and security.  In this article, we compare BigCommerce and Magento on these key factors and explain why BigCommerce is the better choice for most businesses. We’ll also highlight real-world examples of companies that migrated from Magento to BigCommerce and saw significant benefits.One of the most important considerations when choosing the right platform is the total cost of ownership (TCO). At first glance, Magento Open Source is free to download, while BigCommerce requires a subscription. However, the upfront cost doesn’t tell the whole story. BigCommerce’s pricing is all-inclusive, whereas Magento’s expenses can quickly add up through various fees. If you opt for Magento’s premium Adobe Commerce edition, there’s also a steep licensing fee (often over $10,000 per year for enterprise stores). Many companies discover that Magento’s ongoing maintenance and development costs outweigh any initial savings. Curt Carpenter, Co-founder of Lekker Home, initially used Magento but found the high cost and constant need for developer intervention a major burden. Facing increasing expenses, they switched to BigCommerce B2B Edition and saw immediate benefits, including improved website performance and lower costs.  Forrester analyzed the benefits customers see when moving to BigCommerce. The study revealed that enterprise brands saw improved ROI, cost savings, and more success over three years with BigCommerce. The study found that a composite of the customers surveyed saw: “We’ve been with BigCommerce for 12 months, and our total cost of ownership is significantly lower,” remarked Mark Vourlides, Marketing and Ecommerce Manager at TradeTools. Scalability As your online store grows, you need a platform that can handle increased traffic and product expansion. Magento and BigCommerce approach scalability very differently: “Our old platform was becoming more of a hindrance than a help. We had a lot of manual processes for our pricing, and it wasn’t scalable,” said Jacob Jones, Head of Ecommerce at Sellars, who migrated from Magento to BigCommerce. “The open API made it easy to integrate with our existing systems and create a seamless experience for our customers. We now have a system that’s scalable and flexible enough to adapt to our needs as we grow.” Maintenance and upgrades Keeping an ecommerce site running smoothly requires regular software updates, security patches, and performance optimizations. The difference between Magento and BigCommerce is clear: The difference in maintenance overhead has a direct impact on business agility. BB Wheels, an online automotive business, gained peace of mind with BigCommerce’s hands-off maintenance.  “BigCommerce makes sure that everything is secure. We don’t have to worry about our site being hacked or maintaining it. Also, it helps to have BigCommerce on the backend, so we can focus on selling products,” explained Chelsey Eggert, Director of Operations at BB Wheels. Flexibility and customization Magento is often associated with customization due to its open-source nature, but this flexibility comes at a cost: greater development time, maintenance complexity, and potential technical debt. BigCommerce has embraced an open SaaS approach that blends flexibility with ease of use. A great illustration of BigCommerce’s flexibility is MKM Building Supplies, which chose BigCommerce for its API-driven and modular architecture, allowing the brand to innovate quickly without the maintenance burden associated with open-source platforms. Security and compliance Security is a critical consideration for online businesses. Here’s how Magento and BigCommerce compare: BB Wheels found BigCommerce’s security invaluable. “​​BigCommerce makes sure that everything is secure,” said Chelsey Eggert, Director of Operations at BB Wheels. “We don’t have to worry about our site being hacked or maintaining it.” This proactive security approach reduces the risks associated with unpatched Magento installations

TradeCentric Welcomes New Head of Marketing to Accelerate Strategic Growth and Market Expansion

CHARLOTTESVILLE, Va.,  TradeCentric, the leading provider of B2B Connected Commerce solutions powering integration and automation between eCommerce and eProcurement systems, announces that Katie Meeker has joined the company as Vice President of Marketing. Meeker will lead the company’s global marketing strategy, focusing on advancing brand leadership, deepening customer relationships, and accelerating market expansion. With more than 15 years of experience in B2B technology marketing, Meeker has a proven track record of leading organizations through significant growth and transformation. As TradeCentric continues to execute its aggressive global growth strategy, Meeker’s leadership will play a pivotal role in expanding into new markets and fostering stronger connections with customers, partners, and industry stakeholders. “Katie’s strategic vision and deep marketing expertise will be invaluable to TradeCentric as we continue to strengthen our brand, engage our customers, and drive our growth objectives forward,” said Elizabeth Segovia, CEO of TradeCentric. “I’m confident she will elevate our marketing efforts to new heights as we continue to shape the future of B2B Connected Commerce.” Prior to joining TradeCentric, Katie held senior leadership positions at iCIMS and Visual Lease, where she successfully developed and executed marketing strategies that supported organizational goals. “TradeCentric’s innovative solutions have solidified its position as the industry leader,” said Katie Meeker, VP of Marketing. “I am eager to build on this momentum and drive growth by delivering meaningful programs that extend our reach and provide greater value for our customers and partners.” Meeker rounds out TradeCentric’s leadership team, and underscores the company’s commitment to enhancing its operations and driving innovation in the B2B commerce space. About TradeCentricTradeCentric, formerly PunchOut2Go, transforms the way businesses transact by enabling PunchOut, Purchase Order and Invoice Automation solutions for thousands of companies around the world. Uniquely positioned at the intersection of eCommerce and eProcurement, TradeCentric helps B2B buyers and suppliers connect, automate and scale their digital trading capabilities via a cloud-based integration platform that is fully managed and purpose-built to simplify the complexities of B2B connected commerce. Learn more at TradeCentric.com. Source PRNewswire

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