Tag: coding

US stocks fell on Monday in response to President Donald Trump's announcement of tariffs on China, Mexico, and Canada. The major averages pared losses mid-morning after Trump said he would delay tariffs against Mexico by a month. The tech-heavy Nasdaq Composite (^IXIC) was down around 1%, recouping about half of its earlier losses. Meanwhile, the S&P 500 (^GSPC) fell roughly 0.6%, and the Dow Jones Industrial Average (^DJI) moved 0.2% lower. Consumer discretionary (XLY) stocks, which includes automakers, were the hardest hit early in the day. Tech (XLK) also dragged on markets as shares of AI chip giant Nvidia (NVDA) and iPhone maker Apple (AAPL) declined.

Published on: February 03, 2025, 05:00 PM UTC

Canada's energy sector escapes major trade war damage with lower tariffs and potential exemptions for some exports.

Published on: February 03, 2025, 04:03 PM UTC

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Published on: February 03, 2025, 04:00 PM UTC

Skyline Champion (SKY) is set to report earnings tomorrow. Analysts expect revenue to grow 5.5% YoY to $590.4 million, with adjusted EPS of $0.81. SKY beat revenue estimates by 5% last quarter. Read our full earnings preview here.

Published on: February 03, 2025, 02:10 PM UTC

Ontario Premier cancels Starlink contract in protest of Trump tariffs

Published on: February 03, 2025, 02:06 PM UTC

Chile's economic activity rose 0.9% in December, marking its third straight month of growth. The Imacec index was up 6.6% from a year prior, the biggest gain since January 2022. Mining surged 4.7% and commerce jumped 2.7%, while services remained unchanged.

Published on: February 03, 2025, 01:00 PM UTC

Trump's new tariffs on Canada, Mexico, and China are unsettling Wall Street, with economists and strategists warning of pain for the economy. Key insights from analysts include: a recession in Mexico, higher US inflation, slower US growth, pressure on US equities, potential strength in services over consumer goods, symbolic retaliation from China, increased demand for US Treasury duration, potential risk to Alcoa, GrafTech, and Cleveland Cliffs, increased import costs for Swiss companies, and uncertainty for the final outcome of the trade war.

Published on: February 03, 2025, 12:02 PM UTC

US stock futures dive sharply as Trump's tariffs on China, Mexico, and Canada take effect, leading to market uncertainty and concerns about inflation.

Published on: February 03, 2025, 10:02 AM UTC

EssilorLuxottica receives FDA approval for Nuance over-the-counter audio glasses, targeting 1.25 billion people with hearing loss.

Published on: February 03, 2025, 08:00 AM UTC

DeepSeek, a Chinese AI model, is disrupting the AI landscape by offering similar capabilities to OpenAI's ChatGPT at a significantly lower cost. Startups and investors are taking notice, seeing DeepSeek as a potential game-changer and democratizing force in the AI industry. However, concerns remain regarding data privacy and potential bias in DeepSeek's responses.

Published on: February 03, 2025, 07:00 AM UTC