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DuPont (DD) shares tumbled Friday after a Chinese regulator said it was investigating the company’s operations in China.

China’s State Administration for Market Regulation (SAMR) said Friday that it has opened an investigation into DuPont China over a suspected violation of the country’s anti-monopoly law.

The agency did not provide any additional information about how DuPont is alleged to have violated the law. In its latest quarterly report, DuPont said China sales accounted for about a fifth of its revenue for the fourth quarter and full year in 2024 at $584 million and $2.345 billion, respectively.

The investigation comes as China on Friday also said that it would match the 34% tariff that the Trump administration levied against the country in its tariffs announced Wednesday.

DuPont did not immediately respond to a request for comment.

The chemical giant’s shares were down more than 12% at $59.59 in Friday afternoon trading. Earlier in the session, they dropped to $56.18, their lowest point since late 2022.

Caterpillar (CAT) shares fell Friday amid concerns over the impact of retaliatory tariffs on the company’s global construction footprint. 

Caterpillar shares slid more than 5% in recent trading after China’s finance ministry said it would implement a 34% import duty on goods from the U.S. starting April 10, matching the tariff on Chinese goods announced by the Trump administration late Wednesday. Friday’s drop in Caterpillar’s stock price extends losses Thursday, with shares down 13% over the past two sessions. 

The construction company operates manufacturing and distribution centers around the world, including in China, and is widely considered a bellwether stock as a proxy for domestic and global economic expansion or contraction. Since the start of 2025, its shares are down nearly 20%. 

In January, Caterpillar had posted declining revenue year-over-year and missed Wall Street’s expectations for its fiscal fourth quarter, reporting a slowdown in its construction industries segment.

We’ve all been there. Life gets busy and filing taxes falls to the bottom of your list of priorities. The challenge of filing your taxes late can feel overwhelming whether you missed the deadline by a few days or a few months but you can make a significant difference in resolving the situation efficiently and reducing any financial burden if you take certain actions right away.

It’s important to take the necessary steps to minimize penalties, avoid interest charges, and ensure that you’re compliant with IRS tax regulations.

Gather Your Documents

The tax deadline is typically April 15 of each year. Not filing isn’t the ideal course of action and the sooner you address the matter the more options you’ll have to reduce the financial impact and resolve things quickly and efficiently.

“People often incorrectly assume that they’re better off avoiding filing if they can’t pay. In reality, penalties are much harsher for failing to file than for failing to pay,” said Johnny Wolfe, tax accountant and owner of Madison’s Accounting & Tax Services.

Start by gathering your documents such as W-2s, receipts, and previous tax returns. This will ensure that you provide accurate information, reducing errors that could lead to further delays and additional penalties.

File As Soon As Possible

Those who didn’t file for an extension and missed the deadline should file their taxes as soon as possible. This minimizes penalties and interest but you don’t want to rush the process and miss out on claiming potential tax deductions or tax credits that could reduce your tax burden.

“Rushing to file often leads to missed deductions or credits. Take time to review your return carefully, enlisting the help of a tax professional, if necessary, and ensure you are taking advantage of all applicable deductions and credits,” Wolfe recommended.

Filing an extension gives you until October 15 to file. You can avoid penalties and interest but you must pay any taxes owed by the original filing date of April 15. Pay what you owe online and check the box for an extension to apply for one or file Form 4868 by mail or electronically. You can also apply electronically through IRS Free File if you meet the income requirements.

“If you qualify for special circumstances like being in a disaster area or serving in the military overseas, you may qualify for an automatic extension,” Wolfe said.

Deal With Penalties and Interest

The IRS charges a late filing penalty which is typically 5% of the unpaid taxes for each month the return is delayed, up to a maximum of 25%. There’s also a late payment penalty of 0.5% of the unpaid amount for each month up to 25%.

Interest is also charged on any back taxes and it can accrue daily. You’ll still incur interest charges if you file late but pay your taxes right away. The key to reducing these costs is to pay as much as you can even if you aren’t paying the full amount when you file. The more you pay now, the less interest will accumulate.

“Late penalties and interest accrue quickly but even partial payments can help reduce the financial impact,” Wolfe said.

Taxpayers who file more than 60 days late can expect an automatic penalty. “If you file more than 60 days late, you’ll owe either $485 (for 2024) or 100% of the taxes due, whichever is less,” Wolfe explained.

Explore Payment Options and Relief Programs

The IRS offers taxpayers several options to help pay their balance if they owe. One option is to set up an installment agreement which allows you to pay off your balance over time.

You’ll get up to 180 days to pay what you owe with the short-term installment agreement. The long-term agreement requires monthly payments until the balance is paid in full. You’ll pay a set-up fee for the long-term installment agreement which varies based on the enrollment and payment method.

The IRS also provides relief programs such as an offer in compromise, formerly known as the Fresh Start Program. This allows you to settle your tax debt for less than the full amount owed if paying the full balance would cause financial hardship or if you can’t pay the full balance. The IRS considers factors like your ability to pay, expenses, income, and assets when deciding whether to accept the offer. Taxpayers can use the online tool to confirm eligibility for the program before applying.

“If you have a reasonable cause (illness, records destroyed, etc.), you can request relief by submitting Form 843 to the IRS,” Wolfe noted.

Taxpayers can use Form 843 to request an abatement, or reduction, of certain taxes, interest, penalties, and fees.

The Bottom Line

Filing your taxes late isn’t ideal but it isn’t the end of the world. The most important thing is to act quickly so you can resolve the situation and avoid further complications. Don’t hesitate to explore payment options or relief programs to lessen the financial burden if you end up owing money. And remember to mark your calendar for next year’s tax deadline to avoid repeating the process.

U.S. stock futures are declining sharply after indexes plummeted on tariffs announcements from President Donald Trump; China retaliates with a 34% tariff on U.S. imports; job growth is seen having slowed slightly in today’s March labor report; Intel (INTC) and Taiwan Semiconductor Manufacturing Co. (TSM) reportedly have tentatively agreed to form a joint venture to run the U.S. company’s foundry business; and Capital One Financial’s (COF) proposed $35 billion acquisition of Discover Financial Services (DFS) reportedly won’t be challenged on antitrust grounds by the DOJ. Here’s what investors need to know today.

1. US Stock Futures Decline Sharply After Indexes Tumble Thursday on Tariffs

U.S. stock futures are pointing sharply lower after global markets plummeted in reaction to President Donald Trump’s wide-ranging tariffs and China announced retaliatory taxes on U.S. imports early Friday. Nasdaq futures are nearly 4% lower after the tech-heavy index tumbled 6% in the prior session. S&P 500 and Dow Jones Industrial Average futures are each down around 3.5% after also plunging yesterday. Yields on the 10-year Treasury note are falling, trading around 3.9%. Oil futures are down sharply and bitcoin (BTCUSD) is trading around $82,000. Gold futures are rising.

2. China Announces Retaliatory Tariffs

China on Friday announced it will be imposing 34% tariffs on U.S. imports starting April 10 in retaliation for those implemented by the White House, according to the official Xinhua News Agency. Meanwhile, President Donald Trump defended his tariff proposals, saying he was open to negotiations and had been in discussions with other nations over the sweeping import taxes he announced on Wednesday, according to Bloomberg. Trump suggested that China could see lower tariffs if Beijing approves a sale of social media app TikTok, which is facing a Saturday deadline for a U.S. ban, the report said.

3. US Job Growth Expected to Have Slowed in March Employment Report

The U.S. labor market is expected to have slowed slightly in March when the monthly employment report is released at 8:30 a.m. ET. U.S. employers are forecast to have added 140,000 jobs in the month, down from 151,000 in February, according to a Dow Jones Newswires and The Wall Street Journal survey of economists. The unemployment rate is expected to remain at 4.1%. The data comes a day after a report indicated layoffs are soaring on federal workforce reductions.

4. Intel, TSMC Set to Form US Joint Chipmaking Venture, Report Says

Intel (INTC) and Taiwan Semiconductor Manufacturing Co. (TSM) have tentatively agreed to form a joint venture that would run the U.S. company’s foundry business, according to a report in The Information. TSMC, the world’s largest chip manufacturer, would own a 20% stake in the combined company, the report said. Intel shares plummeted in 2024 as the chipmaker struggled to keep up with rivals on artificial intelligence (AI), but the stock is up 12% this year through Thursday after it named a new CEO. Intel stock and U.S.-listed TSMC shares are sharply lower in premarket trading amid the broader market selloff.

5. DOJ Reportedly Won’t Block Capital One-Discover Merger

The Justice Department doesn’t plan to block Capital One Financial’s (COF) plans to buy Discover Financial Services (DFS) after its review didn’t raise enough concerns over competition, according to a report in The New York Times. The news removes one potential obstacle for the proposed $35 billion merger of two of the U.S.’s largest credit card companies. The Federal Reserve or the Office of the Comptroller of the Currency (OCC) could still block the deal, although they are generally viewed as less likely to act, the Times said. Shares of both firms were lower in premarket trading amid broader market declines.

Shares of RH (RH) plunged Thursday on the heels of disappointing earnings results and reciprocal tariffs announced by the Trump administration.

The luxury furniture retailer’s stock fell 40% in Thursday’s session, a day after the company issued a weaker-than-expected outlook and President Trump unveiled steep tariffs against China and other Asian countries RH sources from.

The drop in RH’s stock price caught CEO Gary Friedman’s attention during the company’s earnings call. “Oh sh—,” Friedman said, according to a transcript provided by AlphaSense. “I just looked at the screen.”

Friedman said “it’s not a secret,” RH sources its products from Asia, but stressed the company isn’t alone. “Anybody of scale in the home business has a high percentage of their content coming out of Asia,” he said. 

Other furniture stocks followed RH lower amid a broad-based decline. Wayfair (W) shares lost about a quarter of their value Thursday, and La-Z-Boy (LZB) dropped close to 9%. (Read Investopedia’s live coverage of today’s market action here.)

Nike (NKE) shares tumbled Thursday amid concerns that the Trump administration’s recently announced reciprocal tariffs could weigh on the company’s profits.

Under Washington’s new levies, Nike’s key manufacturing partners in Vietnam, Indonesia, Cambodia, and China will be subject to lofty import duties ranging from 32% to 49%, prompting worries that rising production costs and consumer prices could shrink margins and slow demand.

Morgan Stanley recently said that investors are under-appreciating the potential impact of tariffs on Vietnam, a country where the sports gear giant manufactured about half of its footwear in fiscal 2024.

Nike was the biggest decliner in the Dow Jones Industrial Average on Thursday, falling 14% to $55.58, closing at its lowest level since December 2017. Shares have lost 27% of their value since the start of the year, with both tariff uncertainty and a weak sales outlook pressuring the stock.

Below, we zoom out on Nike’s monthly chart to identify crucial historical price level that investors may be watching.

Head and Shoulders Breakdown Accelerates Selling

Since breaking down below the neckline of a head and shoulders pattern last June, Nike shares have continued to trend sharply lower.

More recently, selling has accelerated on above-average trading volume, with the price falling decisively below the 200-month moving average to kick off April following Trump’s tariffs announcement.

While the relative strength index (RSI) confirms bearish price momentum with a reading below 50, the indicator continues tracking toward oversold territory, potentially increasing the chances of a near-term bounce.

Let’s identify crucial support and resistance levels on Nike’s chart by applying technical analysis.

Crucial Support Levels to Watch

Continued selling could see the shares tumble to the psychological $50 level. This area may provide support near the November 2014 peak and lower range of a 12-month consolidation period that formed on the chart between October 2016 and October 2017.

A drop below this level opens the door for a move to lower support around $40. Investors may look to accumulate shares in this region near a brief sideways trend on the chart that followed the stock’s impulsive move higher throughout 2013. 

This location also roughly aligns with a projected measured move downside target that calculates the percentage decline from the top of the head and shoulders formation to the pattern’s neckline and deducts that change from the breakdown point.

Key Resistance Levels Worth Monitoring

During upswings in the stock, investors should initially monitor the $68 level. This area would likely provide overhead selling pressure near a horizontal line that connects multiple peaks and troughs on the chart from December 2015 to February this year.

Finally, the bulls’ ability to reclaim this key technical level could see Nike shares move up to around $86. Investors who have bought at lower prices may seek exit points in this location on a retest of the head and shoulders’ neckline.

The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info.

As of the date this article was written, the author does not own any of the above securities.

Below you’ll find featured rates available from our partners, followed by details from our ranking of the best CDs available nationwide.

Rates of 4.50% to 4.65% You Can Guarantee as Long as 2026

The nation’s leading CD rate held its ground today at 4.65%, and you have your choice of three offers for that APY. With terms ranging from 5 to 7 months, you can secure that guaranteed return until this fall.

If you want to extend your rate lock until 2026, two top CDs pay 4.60%. Abound Credit Union offers that rate for a 10-month duration, while Vibrant Credit Union matches that APY for 13 months.

Almost 30 nationwide certificates are paying at least 4.50%, with the longest term among these being 18 months. That offer, from XCEL Federal Credit Union, would guarantee your rate until October of next year.

U.S. stocks plummeted on Thursday after President Trump on Wednesday announced sweeping tariffs that economists say are likely to weigh on global growth and reignite stubborn inflation.

The magnitude of the sell-off was unusual. Here are some data points that explain just how rough a day it was for the stock market:

• The S&P 500 fell 4.8%, its worst day since June 11, 2020, when concerns about a second wave of Covid-19 infections dashed hopes for a quick return to pre-pandemic life. Aside from that day, there have been only 4 worse days this decade, and all of them were in March 2020 at the height of the Covid rout. The benchmark index is now at its lowest level since August.
• The Dow Jones Industrial Average fell 1,679 points, its fourth-largest decline this decade and also the biggest since June 2020. The blue-chip index lost nearly 4% in Thursday’s sell-off, putting it about 430 points—or 1%—from a technical correction. The Dow is at its lowest level since September
• The Nasdaq Composite plummeted nearly 6%, its worst day since March 16, 2020, the day after the Federal Reserve dropped interest rates to near zero. With Thursday’s losses, the index sits nearly 18% off its recent highs, putting it perilously close to a bear market. The tech-heavy index is trading at its lowest level since August.
• Apple stock plummeted 9.4%, also its worst day since March 2020. The decline wiped about $315 billion off the iPhone maker’s market capitalization, the second-largest decline for a single stock on record. 
• The Magnificent Seven as a whole lost a little over $1 trillion in market value, about equal to the combined market caps of JPMorgan Chase (JPM) and Netflix (NFLX)—the S&P 500’s 13th and 19th largest companies, respectively—and slightly less than the gross domestic product of Saudi Arabia.
• The small-cap Russell 2000 fell 6.6%, its worst day since June 2020. 
• Thursday’s sell-off was incredibly broad. The equal-weight S&P 500 declined 4.8%, its biggest drop since June 2020 and enough to put it in a correction. Four in five S&P 500 stocks lost ground on Thursday, with about 15% of the index recording declines of 10% or more. 

The full article continues below these offers from our partners.

CDs Are Super Safe and Predictable—With the Bonus of Paying Really Well Right Now

President Trump announced plans Wednesday for worldwide tariffs that were stiffer than expected, and it has triggered a wave of revisions to economic forecasts. The probability of the U.S. entering a recession is now higher than earlier in the week, and the prospect of rising inflation is also greater—leaving the Federal Reserve in a tricky spot on deciding 2025 interest rates.

Fortunately, not everything is uncertain. While returns from the stock market are falling right now and savings account rates can drop at any time, certificates of deposit (CDs) are one savings tool you can count on to deliver a fixed and guaranteed return. Not only that, but you can choose to lock that return in for a few months, for several years, or for virtually any duration that suits your personal timeline.

Of course, a predictable rate is nothing special if the return is sub-par. That’s why today’s CDs are such a good option. Having benefited from the Federal Reserve’s historic rate-hike campaign of 2022–2023, the best CD rates are still riding high, offering a mid-4% return across all of the major terms.

Today’s top rate is 4.65%, available for a rate lock of 5–7 months—which would guarantee your return until this fall. Alternatively, you could opt to secure a rate as high as 4.40% as far down the road as 2030.

Whether you have liquid savings in the bank or are considering moving some of your investments into cash right now, you’re guaranteed to grow your balance with a CD. And because all of the options in our daily rankings of the best nationwide CDs are offered by FDIC-insured banks and NCUA-backed credit unions, your money is also federally protected (up to $250,000 per person and per institution).

Smart CD Strategies in Today’s Rate Environment

Certificates of deposit can boost what you earn over time by offering a fixed rate that the bank or credit union can’t lower. But there are certain smart strategies for making CDs work for you.

First, you’ll always want to keep some of your cash savings in a more liquid account, such as a high-yield savings account. That’s because CDs, in exchange for their guaranteed rate, require you to keep your funds on deposit until the CD matures. Cash out early and you’ll be hit with an early withdrawal penalty. By keeping some cash in reserve in a savings account, you can tap that first in case of emergency, and perhaps save yourself from cashing in a CD prematurely.

Second, it cannot be overstated how critical it is that you shop around. Across all FDIC banks, the national average for a 1-year CD is just 1.78%. But by shopping our daily rankings of the best CDs, you can find more than a dozen options in the 1-year range that pay 4.40% to 4.60%. That’s 2.5 times more than the national average.

Third, it can be useful to open more than one CD, splitting your funds across multiple certificates of different durations. Even if you aren’t striving to create a full-fledged CD ladder, spreading your money out over more than one CD, with different terms, means you’ll have funds becoming available at various times—which can perhaps help you avoid withdrawing funds from a longer certificate before it matures.

Act Now—Because Here’s Where Rates Are Likely Headed

Our last piece of advice is not to delay. According to the CME Group’s FedWatch Tool at the time of this writing, financial markets are currently pricing in around 60% odds that we’ll see Fed rate cuts totaling at least a full percentage point by the end of 2025. Time will tell if that comes to pass, but any reduction by the central bank will push savings accounts and CD rates lower. So it’s a smart move to lock in one of today’s stellar rates while they’re still available.

How We Find the Best Savings and CD Rates

Every business day, Investopedia tracks the rate data of more than 200 banks and credit unions that offer CDs and savings accounts to customers nationwide and determines daily rankings of the top-paying accounts. To qualify for our lists, the institution must be federally insured (FDIC for banks, NCUA for credit unions), and the account’s minimum initial deposit must not exceed $25,000. It also cannot specify a maximum deposit amount that’s below $5,000.

Banks must be available in at least 40 states to qualify as nationally available. And while some credit unions require you to donate to a specific charity or association to become a member if you don’t meet other eligibility criteria (e.g., you don’t live in a certain area or work in a certain kind of job), we exclude credit unions whose donation requirement is $40 or more. For more about how we choose the best rates, read our full methodology.

President Donald Trump’s “reciprocal” tariffs against trading partners announced Wednesday levy import taxes on friends, foes, and uninhabited islands, leaving trade experts guessing at the strategy behind them.

Trump’s long-awaited tariffs against U.S. trading partners will impose a blanket 10% import tax on everything brought into the United States, with higher rates for certain countries.

Trump initially said the tariff rates were based on countries’ own tariffs, trade barriers and “cheating” against US products. However, the tariff rates were calculated using a formula based on the U.S. trade deficit with each country, the U.S. Trade Representative later clarified in a statement.

The formula resulted in some outcomes that baffled economists and other experts. High tariffs apply to longtime U.S. allies (a 24% rate for Japan, 20% for the European Union) and the lowest to some of its adversaries (10% for Iran and Afghanistan.)

Several economists questioned the logic of tying tariffs to trade deficits.

“As a technical economist, I can tell you there’s really no methodology there,” Mary Lovely, a professor of economics at Syracuse, said in a webcast hosted by the Brookings Institution think tank. “There’s really no basis that this is going to solve the problem …I think the word ‘reciprocal’ is deeply misleading.”

Are Trade Deficits The Problem?

The USTR said its formula “assumes that persistent trade deficits are due to a combination of tariff and non-tariff factors that prevent trade from balancing.”

A trade deficit occurs when a country imports more from a country than it exports in terms of value. The U.S. runs an overall trade deficit with the rest of the world and has different trade balances with various countries. Although Trump has characterized trade deficits as the result of the surplus country “ripping off” its trading partner, few economists see it that way.

Economists note trade deficits often exist not because of policies like tariffs or other barriers but because of the concept of comparative advantage, the fact that some products are cheaper to make in some countries than others.

For example, Canada exports aluminum to the United States because our northern neighbor has a lot of cheap hydroelectric power, which makes the energy-intensive process of aluminum smelting more economical to carry out there than elsewhere.

Muddying the waters further is the fact that the “reciprocal” tariffs even target countries that buy more products from the U.S. than they sell due to the minimum 10% rate. Australia will pay the minimum tariff despite the fact that the U.S. had a $17.9 billion trade surplus with it in 2024.

Some economists said the tariffs were a starting point for negotiations and would likely be lowered.

“The market is assuming that these tariffs make such little economic sense that they won’t hold and/or will be negotiated down,” Jim Reid, global head of macro and thematic research at Deutsche Bank, wrote in a commentary.