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Toyota Raises Full-Year Profit Outlook Despite Weak Sales, Plans EV Factory in China

Toyota stock (TM) rises on upbeat guidance and China EV plans. Toyota reported a fiscal Q3 revenue of 12.39 trillion yen ($80.95 billion), up 2.9% despite lower vehicle sales.

Chipotle CFO: Tariffs Won't Lead to Price Hike in 'Near Future'

Chipotle will not raise prices on its guac or other menu items despite tariffs, CFO Adam Rymer told Yahoo Finance. The company is keeping a "close eye" on the fluid situation.

Kennametal Q2 Earnings Meet Estimates, Revenue Misses

Kennametal Inc. (KMT) reported Q2 EPS of $0.25, in-line with the Street estimate. Revenue missed the Street estimate. The company expects Q3 EPS between $0.20 and $0.30, and revenue between $480 million and $500 million.

LG CNS Drops on Seoul Debut in Weak Start for Korean IPOs

LG CNS, South Korea's largest IPO in two years, debuted weakly on the Seoul exchange, falling 9.9% to 55,800 won. Investors' skepticism over IPOs and LG CNS's lack of liquidity may have contributed to the decline.

Xiaomi's Luxury Electric Car SU7 Ultra to Launch, Targets 10,000 Sales This Year

Xiaomi to launch luxury version of SU7 electric vehicle with 10,000 unit sales target for 2023, according to founder Lei Jun.

US Stock Futures Slip as Trade Tensions Escalate, Earnings Reports Disappoint

US stock futures fell as the US-China trade war escalated, with major indices dipping. Alphabet, AMD, and Chipotle saw declines after earnings reports, while investors await Disney's results. Asian markets reacted to trade tensions, with China's CSI 300 initially rallying but then falling, while Japan's Nikkei slipped.

Asian markets react to US-China tariffs

Asian stocks were mixed as markets assessed the impact of US-China tariffs. Japan's Nikkei slipped, while Australia's S&P/ASX rose, and China's Shanghai Composite lost ground.

Enphase Revenue Outlook Surpasses Estimates, Boosting Shares

Solar energy company Enphase Energy forecasts Q1 revenue above expectations due to strong demand, sending its shares up 6% after hours.

Trump Tariffs Pose Inflationary Risk Amid Heightened Consumer Price Sensitivity

A 10% increase in consumer costs (comprising 2% of GDP) shouldn't harm the US economy. However, President Trump is imposing this tariff burden on American consumers at a time of heightened price sensitivity. Morning Consult's price sensitivity index shows that reluctance to pay higher prices has reached a record high. Trump's tariff policies worsen inflation concerns, despite his 2024 promise to lower prices. Analysis predicts that Trump's planned tariffs on Canada, Mexico, and China could cost families up to $2,600 annually.

Palantir Soars 27% on Strong Earnings, 2025 Guidance

Palantir stock soared 27% after reporting strong earnings and issuing bullish 2025 guidance. Analysts praised the company's AI growth strategy and raised price targets.