Trump’s trade policies are finally moving all of Apple’s US iPhone production out of China... to India
plans to source the entirety of the 60 million iPhones it sells annually in the US from India as soon as next year, the Financial Times reports. That’s double what it currently produces there.
US trucking company plunges more than 20% after earnings disappoint and shipments flatlined in March
is showing how hard it is to just keep on truckin’ in a world full of confusion over the outlook for cross-border commerce. The US trucking company whiffed in the first quarter, with adjusted earnings...
The US is raking in record customs revenues in April
America is cashing in at the border like never before, powered by the first real wave of President Trump’s tariffs. According to Treasury data through April 23 , the US collected a record $15.6 billio...
US airlines in a recession: Southwest CEO
CEO Bob Jordan doesn’t particularly care about technical economic definitions. According to him, the US airline industry is in a recession. The airline said it expects its revenue per seat mile to fal...
United Rentals soars after execs say tariff turmoil could make renting equipment more attractive
shares surged 10% Thursday after the company said it could benefit from ongoing trade turbulence. United Rentals is the world’s largest equipment rental company, offering a wide range of machinery and...
Nintendo surges on Switch 2 demand and preorder mayhem
is enjoying a more than 6% bump on Thursday after preorders for its Switch 2 consoles finally kicked off in the US after a weeks-long delay due to tariffs. Giving the gaming giant a boost: demand appe...
Boeing should “default China” over returned planes says Trump, whatever that means
In a Thursday morning post on Truth Social, President Trump lashed out at China over its retaliation against . Last week, the country reportedly ordered its airlines to stop taking deliveries from the...
BofA lowers its Apple price target and estimates because of tariffs and AI delays
may or may not be in for some China tariff relief, but the iPhone maker has other problems, including AI delays that will keep people from upgrading their phones, BofA said in a note today, where it l...
Nokia plunges on tariff warning, declining revenue
shares plunged over 9% in early trading on news that tariffs will pinch Q2 profits. Justin Hotard, Nokia’s president and CEO, wrote : “Regarding the tariff situation, there could be some short-term di...
American Airlines joins its rivals in saying “actually, you know what, never mind” about full-year guidance
The big four airlines have now all reported their earnings, and one thing is clear: the seatbelt sign is on for 2025. Shares of ticked down premarket Thursday after the airline reported its first-qua...
Southwest struggles with costs, pulls its 2025 outlook on tariff uncertainty
Shares of slipped more than 3% premarket as the company posted a first-quarter loss and said its nonfuel costs were rising. In its last full quarter with its famous “bags fly free” policy , Southwest...
Merck says it will eat $200 million in tariff costs
German pharmaceutical giant said in a Thursday earnings report that it will take a $200 million hit in added costs this year from the tariffs implemented by the US so far, leading it to tweak down its...
President Trump is reportedly issuing some tariff exemptions for carmakers
After unprecedented lobbying by trade groups representing the auto industry, President Trump will reportedly exempt auto parts from certain tariffs imposed on goods by the administration. According to...
US stocks end higher even as euphoria over potential tariff relief fades
US stocks opened sharply higher after President Trump softened his stance on his two most market-unfriendly policies after the close on Tuesday: onerous tariffs on China and his desire to sack Fed Cha...
The Federal Reserve’s economic vibe check shows businesses are spooked by tariffs
The Federal Reserve’s economic vibe check, also known as the Beige Book, painted a picture of business and community organizations rattled by uncertainty over President Trump’s chaotic tariff policies...
Retail stocks surge on fresh hopes of a US-China trade truce
Retailers ripped higher Wednesday as renewed optimism over a possible US-China trade breakthrough lifted the broader market. The consumer discretionary sector topped the S&P 500 leaderboard Wednesday ...
Traders flood into the riskiest S&P 500 stocks on prospect of lower tariffs
As markets rebound on soothing tariff talk , traders are eschewing the safer stocks that have helped them weather rocky US equity markets and embracing their riskier counterparts. The , which holds th...
Imports are about to collapse at America’s busiest port
This is like watching a car crash in slow motion. President Trump’s 145% tariffs on Chinese imports to the US are still hurting businesses, though his stance on how long they’ll be in place may be sof...
Stocks jump as Trump softens stance on his two most market-unfriendly policies
Traders are continuing to step away from the ledge and into the sunshine this morning as the White House floods the zone with positive policy chatter. A smattering of positive news on Tuesday after th...
Trade groups representing practically every major automaker join forces to lobby Trump against next week’s parts tariffs
It’s not like automakers to get along, but tariffs make corporations do wild things. In a letter to the Trump administration, six trade groups representing automakers including , , and (along with vi...