Frontier joins Delta in pulling its full-year guidance as travel demand slows under tariffy skies
is down more than 11% Friday after the budget airline pulled its full-year guidance and said it will cut flights due to slowing demand. The ultra-budget carrier said it will cut flights on off-peak we...
TSMC sales rise by most since 2022 on dawn of trade war
The pending upheaval in global trade meant March was a busy month for the world’s largest chip producer. ’s sales jumped 10% month on month, pushing revenues for the quarter to about $25.5 billion, mo...
Tesla halts orders for US-made models in China but didn’t sell many there in the first place
is no longer taking orders in China for the American-made Model S and Model X, but it didn’t sell many of those in the first place. The vast majority of Teslas sold in China are the Shanghai-made Mode...
Nintendo’s sending almost all of its Vietnam-built Switch 2s to the US to build a stockpile
Yesterday’s 90-day reciprocal tariff reduction doesn’t leave — or any console maker for that matter — completely in the clear. But it does give the entertainment juggernaut more time to stockpile Swi...
There are two ways in which tariffs are pushing down inflation. They’re both bad news.
There are a couple ways all the tariff talk and follow-through — which is poised to give prices an uncomfortable jolt higher — are having the opposite effect in some parts of the economy. Here’s Omair...
UBS analyst: Tariffs could trigger mass inventory pileups, store closures for soft-line retailers
Retail stocks have unraveled amid recent market volatility, with the ongoing tariff back-and-forth rattling an industry deeply reliant on imports. The SPDR Retail ETF is down 12% this year, and the co...
Tariffs, immigration rhetoric are a double whammy for Modelo maker’s business
The American company that sells popular Mexican imported beers in the US said President Trump’s tariff threats and aggressive immigration enforcement are weighing on its business. , which sells Modelo...
America’s trade deficit with China in four charts
A full-on trade war has broken out between the US and China. President Trump has now slapped 145% tariffs on most Chinese imports. Meanwhile, China announced that it would increase the 34% tariffs it ...
This earnings season isn’t about corporate results. It’s about tariffs.
On the eve of ’s earnings release, the unofficial kickoff to earnings season, one of the most tried-and-true stock market rules for the reporting period has been completely torn asunder by the trade w...
Nvidia analyst: “This is not over”
is once again the one of heaviest weights on the stock market Thursday — it’s head to head against — as the tech shares that exploded yesterday on President Trump’s decision to walk back the bulk of ...
It’s a “new world order” for the US auto industry, says UBS, downgrading GM and slashing Tesla price target
Carmakers’ stocks tumbled again Thursday, unable to hold their gains after climbing on Wednesday when President Trump’s tariff pause news generated a massive market pop. Wall Street appears to be sobe...
Prada strikes $1.38 billion deal for Versace after last-minute dramatics
Prada has sealed a deal to buy rival luxury fashion house Versace for $1.38 billion — a $200 million markdown as both brands brace for rising US trade costs and cooling luxury demand. The deal briefly...
CarMax hits the skids as management removes timelines from its financial goals on trade chaos
still has goals; it’s just not thinking of them in terms of time any more. In its earnings report on Thursday, CarMax said it’s backing away from the time frames attached to its long-term financial go...
Amazon CEO Andy Jassy defends the company’s AI investments
In CEO Andy Jassy’s letter to shareholders out today, he mentions “AI” more than 25 times. Amid tariff uncertainty that Wedbush analyst Dan Ives today said could hamper 10% to 15% of AI projects, Ja...
Wedbush says “tariff game of poker” will dent 10% to 15% of AI projects, cuts Microsoft price target
Most tariffs might be on hold for now, but the memories of the “economic Twilight Zone” will live on in corporative executives’ nightmares, per Wedbush analyst Dan Ives. Even as President Trump provid...
There’s an escalating trade war with China underway. US stocks with the most exposure to China just had their second-best day ever.
I am just going to put this here, for posterity: A basket of US stocks compiled by Goldman Sachs with the biggest sales exposure to China (which includes , , and ) had its second-best session on recor...
US plans to triple small-parcel shipping fees could unravel Shein and Temu’s fast-fashion dominance
As the US-China trade war heats up, President Trump is slapping higher fees on small parcel shipments, closing a loophole that’s helped flood American closets and homes with cheap Chinese goods. On We...
US stocks book largest gains since 2008 as Trump dials down tariffs
Forget last week — this Wednesday was the real Liberation Day. President Donald Trump watered down his reciprocal tariffs for 90 days on countries that haven’t issued retaliatory tariffs while upping ...
Nintendo, Sony, and Microsoft shares pop as the reciprocal tariff pause releases some console steam
For the first time in a week, the video game industry just stopped slamming its controller against the coffee table. As the White House issued its 90-day reciprocal tariff pause , shares of console ma...
Traders aren’t acting as if there’s still a trade war with China
An odd thing is happening amid frenzied buying of US stocks following President Donald Trump’s decision to water down reciprocal tariffs for 90 days for nonretaliating countries — a group which obviou...