Apple jumps after Trump says Apple and other firms that build in the US will avoid 100% chip tariff
It looks like CEO Tim Cook’s latest $100 billion US manufacturing investment was enough to get the president off his back. “We’re going to be putting a very large tariff on chips and semiconductors,”...
Everything goes wrong for US stocks, with the S&P 500 posting its biggest loss in months
A trio of troubles sank US stocks on Friday : Amazon’s lackluster guidance after the bell on Thursday, President Donald Trump’s plans for more tariff hikes starting August 7, and a string of poor econ...
Interactive Brokers strategist dishes on the evolution of dip-buying and the “flight to crap”
Yesterday, before the tech and Trump tariff shocks — not to mention a weak jobs report — put the stock market on track for its worst day since, well, the last Trump tariff shock, we had a nice chat wi...
Nintendo finally gets hit by the tariff blue shell, will hike prices of the original Switch in the US
Riding a huge first sales month , is still reluctant to hike the price of its Switch 2 console — tariffs be damned. The original Switch, however, is a different situation. Nintendo said on Friday tha...
Tariffs, data, earnings are a trifecta of troubles sending the S&P 500 sharply lower
Let’s run through everything ailing the US stock market on Thursday, with the poised for its first 1% loss since mid-June: Tariffs: President Donald Trump is planning to follow through with additiona...
Financial markets and the US economy are in a tug-of-war between two paradoxes
Let’s not overcomplicate matters. The strong performance of US stocks this year is really down to two things: 1) President Donald Trump didn’t completely blow up global commerce with tariffs. 2) Jevon...
US equity futures sink on twin shocks from tariffs and tech
S&P 500 futures are down 1% as of 7:40 a.m. ET, reeling from twin shocks on tariffs and tech. On Thursday evening, via an executive order , President Donald Trump announced 10% minimum global tariffs,...
eBay hits all-time high as Wall Street cheers Q2 beat and tariff resilience
shares climbed 19% Thursday, leading the S&P 500 and hitting an all-time intraday high of $92.30 after the online marketplace posted strong Q2 results and struck a confident tone on navigating tariff ...
S&P 500 dips as Fed Chair warns on inflation risks
The S&P 500 fell into the red and never made it back to positive territory after Fed Chair Jay Powell warned of more tariff-induced pressure on inflation to come, causing traders to price in lower odd...
Ford slips as tariffs take an $800 million bite out of its earnings
Despite being more shielded from tariffs than many of its rivals, with 82% of its North American vehicles built in the US, says levies have cost it $800 million so far this year. The Detroit automake...
Stocks slump after Powell warns that we’re “early days” of tariff-driven inflation
The Federal Reserve kept rates unchanged at a range of 4.25% to 4.5%, as was nearly universally expected by economists. In the statement, monetary policymakers noted that US economic growth “moderated...
Adidas slumps after flagging $231 million tariff cost, weaker sales
shares are 6% lower in early trading in Germany on Wednesday, after the shoemaker posted lower-than-expected sales in the second quarter and warned of the impacts of US tariffs in the second half of ...
US smartphones are entering their “made in India” era
India has officially edged out China to become the top smartphone supplier to the US — for the first time ever. According to new estimates from Canalys, the share of US smartphone imports from India s...
UPS sinks on mixed Q2 results, dip in US delivery volumes
shares dropped 9% in Tuesday morning trading after the delivery giant posted mixed Q2 results and warned of ongoing pressure from a US manufacturing slump and volatile trade policies. Earnings per sh...
Apple to open “Manufacturing Academy” with Michigan State University next month
Perhaps in response to pressure from President Trump to make its products in the US, will open its “Apple Manufacturing Academy” in downtown Detroit next month. The academy, which is set to open Aug....
Stellantis falls after projecting a $1.7 billion tariff hit this year
Jeep maker reported its second-quarter earnings on Tuesday, and things look as bad as the automaker said they would when it reported preliminary results earlier this month. The company said it antici...
Energy sector gets a lift from Europe’s pledge to buy some $750 billion in US oil and gas
Energy shares are outperforming and helping keep the S&P 500 in the green early Monday, after the EU said European companies would purchase some $750 billion in US energy products like oil and gas ove...
With another major trade deal signed, can the US dollar get out of its funk?
Two economic heavyweights, which together account for nearly a third of global trade, finally reached a hard-won agreement yesterday — bringing some relief to the market and, perhaps, to the embattled...
US stock futures rise on EU deal and reports of a longer trade truce with China
S&P 500 futures gapped 0.5% higher on the open Sunday evening after US President Donald Trump and European Commission President Ursula von der Leyen said the two sides had reached an agreement to avoi...
US stocks go up as news of trade deals mean tariff risks go down
A trade deal with Japan and reports that a similar agreement with the EU was near the finish line propelled the S&P 500 to fresh all-time and closing highs on Wednesday. The benchmark US stock index c...