US stocks rebound on solid earnings, trade optimism
US stocks bounced back from Monday’s drubbing, reaching their highs of the day on Tuesday after headlines broke from a closed-door event with investors and Treasury Secretary Scott Bessent. In that me...
Kimberly Clark lowers outlook amid “changes in the global geopolitical landscape”
Huggies and Kleenex maker Kimberly Clark fell in early trading after it lowered its profit forecast for the year amid tariff uncertainty. said it expects its profits to be flat in 2025 after previousl...
Trump to meet with retail chiefs as trade war threatens to unravel the industry’s supply chain
President Donald Trump is reportedly planning to meet with execs from retail heavyweights , , and as a fresh barrage of tariffs threatens to upend supply chains and shake an already wobbly sector. Re...
The “sell America” trade has reached levels not seen since the 1980s
Traders are dumping US assets like mullets are back in style and “Endless Love” is topping the Billboard Hot 100. Rising recession risks thanks to onerous tariffs have catalyzed a global downgrade of ...
At least two Boeing jets bound for China appear to have been returned to sender
At least two 737 Max jets marked for delivery to China appear to have been returned to the US, according to reporting by Reuters. It’s unclear if the moves were initiated by Chinese airlines or the U...
Meet the product that’s arguably the most uniquely screwed by tariffs on China
Recently we took a deep dive into trade data, looking at what goods we imported almost exclusively from China . One of the top categories of goods was described in the weird, verbose language of inter...
Apollo’s chief economist warns that the odds of a US recession have spiked to 90%
Torsten Slok, chief economist at Apollo Global Management and long-time bull on the US economic outlook, is sounding the alarm on the likelihood of a downturn. “Tariffs have been implemented in a way ...
The market’s going hog wild about rental cars for the second straight day
With tariffs slamming the auto industry, investors continue pouring into rental car companies . On Wednesday, news that Bill Ackman’s investment firm Perishing Square scooped up 12.71 million shares o...
Ford appears poised to hike prices once its discount ends in June
After employee pricing for all discount ends in June , it’s back to reality for would-be customers. In a memo to its dealers, the automaker said that — barring any tariff relief — it’ll need to “make ...
TSMC jumps on strong second-quarter outlook with AI demand unblemished by tariffs
The world’s biggest chipmaker is undaunted by the trade war or increased restrictions on semiconductor exports to China. is up nearly 3% in early trading after the Taiwan-based foundry giant issued a ...
US stocks slump, with tech heavyweights cratering on fresh semiconductor export restrictions
US stocks slid, with tech leading the way down as chipmakers face additional curbs on what they can sell to China. Major indexes extended losses after Fed Chair Jerome Powell reiterated the message th...
Tesla down sharply on string of bad news, from a 15% sales drop in California to worries about Cybercab
Tesla is trading down more than 7% today, and that’s only its second-worst day this month — a month that began with auto tariffs going into effect. While , which assembles its vehicles in the US, is l...
Volkswagen scraps “import fee” and joins rivals in temporarily freezing US car prices
Europe’s largest automaker appears to be pivoting its US tariff strategy, at least until June. said it will freeze its US prices through the end of next month, a U-turn from reports earlier this month...
Here’s how much the new China export curbs will hit Nvidia’s earnings, according to Bank of America
Bank of America analysts have made their first crack at quantifying how big a headwind inability to export its H20 semiconductors to China will be for the chip designer. “Ignoring any positive offsets...
Apple has erased all the gains it made since Friday’s iPhone exemption news
Late Friday, US Customs and Border Protection posted a notice that smartphones, computers, and semiconductor equipment would be exempted from the 125% reciprocal tariffs in China, which sent stock so...
Report: Trump tariffs caused Tesla to suspend shipments of Cybercab and Semi parts from China
When President Trump added 34% levies on Chinese goods as part of his reciprocal tariffs on April 2, , which gets some of its components for its robotaxi and its electric semitrucks from China, held i...
Retailers’ profits will get clobbered by more than 30% by tariffs, says Morgan Stanley
Analysts at Morgan Stanley crunched the numbers and it turns out tariffs are really, really bad for US retailers. Acknowledging that “a wide range of outcomes is possible,” the analysts found that rec...
US consumers sprinted to buy cars ahead of auto tariffs
New data keeps rolling in that shows the extent of US consumers’ rush to scoop up a cars before President Trump’s 25% auto tariff sends prices up. The Census Bureau on Wednesday estimated that retail ...
Fresh semiconductor export curbs on China show “Nvidia is a big chip on the table for Trump” in trade war
is down 6.5% premarket after warning it will take a $5.5 billion charge in its upcoming earnings report in light of the US government cracking down on sales of its H20 chip to China. The is likewise ...
US stocks slip on poor progress in trade talks with the EU
Major indexes gave up early gains after the European Union’s trade negotiator cited little progress or clarity in talks with the US. The S&P 500 finished down 0.2%, while the Nasdaq 100 eked out a 0.2...