Stellantis and Mercedes-Benz each yank their full-year guidance because nobody knows what’ll happen with tariffs
Like objects in mirror, tariffs these days are always closer than they appear. Citing the volatility in trade policy, Jeep maker and luxury giant both pulled their full-year guidance on Wednesday. ...
First Solar plunges after CEO sounds the alarm on tariffs
, the largest US manufacturer of solar panels and modules, said President Trump’s tariff policies pose “a significant economic headwind” that will weigh on its bottom line this year. The company also ...
Beauty tech company Oddity soars after crushing Q1 estimates, dodging tariff fallout
Shares of jumped 12% in early trading after the tech-savvy beauty company delivered a standout Q1 , easily topping expectations and skirting the worst of the global trade turbulence. Adjusted diluted...
Snap says de minimis changes may already be hurting advertising
beat analyst expectations yesterday but the stock dove nonetheless, in part due to macro uncertainty about how President Trump’s policies like tariffs will affect advertising . One area that’s already...
S&P 500 extends winning streak to six on tariff relief and solid earnings
The S&P 500 gained for its sixth consecutive day, the longest such streak since September, as investors cheered a slate of mostly positive corporate earnings (even as companies were skittish to provid...
The Nasdaq 100 just erased all of its losses since the reciprocal tariff announcement
The Nasdaq 100, the tech-heavy gauge of the biggest nonfinancial US companies, has now completely recovered all of its losses since the close on April 2, the last session before reciprocal tariffs wer...
White House’s latest tariff relief seems great for Tesla, dismal for other automakers
Tariff exemption is coming for automakers, or at least for their vehicles made from 85% US content. The news comes ahead of an expected announcement of additional relief for automakers in the form of ...
UBS trims price target, cuts estimates on Amazon
Investors are a little too optimistic on how much will generate in sales and operating profits in a tariff-ridden world with a weaker US dollar, according to UBS. Analyst Stephen Ju cut his price tar...
White House calls Amazon’s reported plan to display tariff costs next to price a “hostile and political act”
, which gets many of its goods imported from China, reportedly plans to start displaying how much President Trump’s tariffs add to an item’s price. The White House is not a fan. “This is a hostile and...
UPS gives up post-earnings gains after Q2 guidance shows tariffs to pressure margins
Shares of erased gains of as much as 5% to turn down 1% in the premarket after the shipping company’s second-quarter guidance underwhelmed. Along with its first-quarter earnings results, which beat o...
GM postpones investor call amid reports of possible tariff relief as panic buying powers an earnings beat
Shares of fell 2% in premarket trading on Tuesday, as the company reported its first-quarter earnings but rescheduled its conference call until Thursday amid “recent reports regarding updates to trad...
Amazon is trying to get “low double-digit price cuts” from sellers to offset tariff hits to its margins
To combat margin fallout from the Trump administration’s tariffs on China, is getting tougher on its suppliers, hoping to extract “low double-digit price cuts” from the sellers, the Financial Times r...
Shein and Temu start hiking prices as tariffs and shipping crackdown take effect
Shein and Temu have reportedly started hiking prices as a double whammy of rising tariffs and the end of a major import tax exemption threaten their bottom line. Both companies have warned shoppers t...
On Holding jumps after Citi says the trendy Swiss sneaker brand’s pricing power can help it weather tariffs
shares popped as much as 3% Monday as Citibank gave the Swiss sneaker maker a fresh upgrade , lifting its rating to “buy” from “neutral." In a note Monday, analyst Paul Lejuez said On could stand out ...
Bookings for China-to-US shipping containers plunge
The dramatic effects of President Trump’s global trade war are starting showing up in the data. Looking at the signals around Chinese imports to the US — which are subject to a whopping 145% tariff fo...
Domino’s says it’s immune from tariffs — but it’s not immune from a sputtering economy
Tariffs may not be making it more expensive for to make you a pizza, but they do seem to be making it less appetizing for you to get one delivered. The pizza giant reported earnings per share of $4.3...
Tariffs might be sending iPhone production to India, but foldable phones will have to be made in China: Bloomberg
Production of regular iPhone for US markets might be moving to India from China as a way to mitigate tariffs, but it’s unlikely that the company would be able to produce its more complicated 20th ann...
Apollo’s top economist maps out his signposts for a recession this summer
US stock markets have repaired most of the damage from losses suffered after reciprocal tariffs were unveiled on April 2 in the Rose Garden. But for the US economy, the damage is yet to come, accordin...
Magnificent 7’s best week since January 2023 powers US stocks higher
Megacap tech carried US stocks higher on Friday, as they did for the week as a whole. Markets had a midday jitter after President Donald Trump reiterated that he won’t unilaterally drop tariffs on Chi...
What aviation execs have said about tariff turmoil, from “a chess game” to “a lose-lose”
With most major players having now reported first-quarter earnings, it’s clear that tariffs have become the gremlin on the wing of the aviation industry. Airlines are flying fewer passengers and pulli...