Ford and GM shares are down by the most since auto tariffs first took effect
Detroit automakers and are significantly lower on Monday, their first trading day since President Trump’s latest comments about auto industry tariffs. “Over the next year, [auto manufacturers have] ...
American steel companies surge on Trump’s latest tariff plan
Investors are pouring into US steel giants Monday morning following news of President Trump’s plan to double the tariffs on steel and aluminum imports to 50%. The higher levies will take effect on Wed...
Stocks close the day flat but S&P 500 notches its best month since 2023
Stocks were mixed Friday after President Donald Trump accused China of violating its preliminary trade agreement, rekindling fears of a prolonged trade war. The S&P 500 closed flat, the Nasdaq fell 0....
Costco jumps after posting solid Q1 results as tariff turmoil boosts bulk shopping appeal
shares rose nearly 4% Friday afternoon as investors warmed up to the warehouse retailer’s solid Q1 earnings report. Earnings per share came in at $4.28, narrowly beating FactSet estimates of $4.25, wh...
Lucid and Rivian sink as EVs sit in the crosshairs of Trump’s “big, beautiful bill”
Ten days ago, appeared on the road to recovery. Its stock had climbed 45% since its drop to all-time lows not long after its CEO departed in February. Since then, it seems to have run out of battery:...
JPM: Trump’s pending legislation threatens more than half of Tesla’s profits
Trump’s “big, beautiful bill” could take a big, beautiful bite out of bottom line, or about 52% of the electric vehicle company’s 2024 EBIT, according to a report today from JPMorgan analyst Ryan Bri...
Consumer stocks are worried about the return of a hot trade war with China
US equity futures slumped in premarket trading after President Donald Trump posted on Truth Social that China “HAS TOTALLY VIOLATED ITS AGREEMENT WITH US.” Markets opened regular trading hours Friday ...
Gap sinks after warning of a $150 million hit to operating income from tariffs
Gap shares plunged more than 19% Friday morning after the Y2K-era retailer posted a Q1 beat but warned new tariffs could deal a heavy blow to its bottom line. The retailer said recently announced 30% ...
Drugmakers beg Trump administration to rethink pharma tariffs
Drugmakers implored the US Department of Commerce to rethink its proposal to impose tariffs on imported pharmaceuticals. Last month, the Trump administration launched an investigation into the nationa...
US stocks hang on to some gains on a topsy-turvy day for tariffs
The day was a microcosm of the year, with everyone’s heads spinning thanks to extremely volatile changes to US trade policy. This time, though, it was the judicial branch rather than the executive bra...
Here’s how the inflation outlook could change depending on what Trump does next with tariffs
While the situation regarding legal rulings and appeals on President Trump’s tariffs remains fluid, to say the least , no matter what the courts decide, if the president still wants higher tariffs, he...
Trump’s tariffs brought billions of dollars in customs revenue, but now the US may have to give it back
The US has collected ~$40 billion worth of customs duties since April, but with the US Court of International Trade blocking the majority of President Trump’s tariffs, the government may end up return...
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Data shows how tariffs have affected China imports to the US
It’s hard to believe we’re almost two months out from President Trump’s April 2, 2025, “ Liberation Day ” tariff announcements, which plunged global trade into a chaotic tailspin. Now, a trade court ...
The tariff block doesn’t affect auto levies, but some carmaker stocks are still rising
Automakers aren’t spared by a federal court’s decision on Wednesday to block a significant chunk of President Trump’s tariffs, but some are seeing stock gains anyway. The Washington Post reports : “Tr...
Nike stays green after tariff block rekindles some supply chain optimism
shares spiked as much as 5.5% higher yesterday in after-hours trading after a federal court blocked most of President Trump’s proposed tariffs, a potential relief for brands like Nike that rely heavil...
Apple, Amazon, Google, Meta, Microsoft, Nvidia, and Tesla are up after court struck Trump’s tariffs down
The Magnificent 7 were all trading higher following news that a trade court struck down President Trump’s “Liberation Day” reciprocal tariffs. The administration has said it will appeal the decision, ...
Markets ride tariff rollercoaster overnight
The news that a federal court had blocked President Trump’s use of tariffs under emergency powers laws whipsawed stocks overnight, generating a knee-jerk pop in equities that gradually faded as Wall S...
Nvidia’s strong results, outlook propel AI supply chain higher
Many stocks are getting a lift today after a federal court blocked many of President Trump’s trade measures, including reciprocal tariffs. But revenue beat and broadly sunny Q2 outlook are giving an e...
US court blocks Trump tariffs, but White House has workarounds, Goldman says
Stocks were green in premarket trading on Thursday, with the up as much as 1.7% at one point after the US Court of International Trade struck down a major chunk of President Trump’s “Liberation Day” ...
President Trump tells US chip designers to stop working with China: Report
Well, it looks like President Trump may have stolen the semiconductor spotlight just ahead of earnings. The Financial Times is reporting that the president has ordered so-called EDA (electronic desig...