What’s News in Markets: Tariff Trade, Robinhood’s Crypto Gains, Unilever Slides

Market performance this week was driven by a mix of new tariff announcements, inflation data, and shifting geopolitical expectations. While the consumer price index rose faster than anticipated, fueling concerns over sustained high interest rates, the NASDAQ and S&P 500 still posted weekly gains. New 25% levies on steel and aluminum imports boosted domestic metal producers like Cleveland-Cliffs and Alcoa, while forcing major consumers like Coca-Cola to seek alternative sourcing strategies to mitigate costs. Robinhood saw a 17% weekly surge following a sharp jump in quarterly profit, bolstered by a "Trump bump" in cryptocurrency trading and expectations of a more business-friendly regulatory environment. Conversely, Unilever shares fell after the company reported weaker-than-expected revenue and a subdued 2025 outlook, despite confirming plans to spin off its $8.6 billion ice cream business to simplify operations.