Tag: engineering

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Marathon Petroleum Beats Q4 Profit Estimates, Midstream and Renewable Diesel Boost

Top U.S. refiner Marathon Petroleum beat fourth-quarter profit estimates, helped by strength in its midstream and renewable diesel segment.

Trump's Tariffs on China: Tech Industry in the Crosshairs

President Trump's new 10% tariffs on Chinese-made goods, including tech products like phones and computers, take effect today. The tech industry relies heavily on manufacturing in China and will likely pass the cost of the tariffs on to consumers, leading to higher prices. The tariffs will also impact chip stocks like Nvidia, AMD, and Intel, as the industry depends on manufacturing facilities in China.

Infineon Jumps 11% After Upbeat Outlook, Above-Estimate Results

Infineon (IFX.DE: +10.03%) shares surge 11% on upgraded revenue outlook, beating quarterly expectations and easing concerns about automotive demand.

Copper Falls After Trump China Tariffs

Copper pares gains after China-US tariff tit-for-tat

Tariffs on Mexico, Canada and China Could Boost Grocery Bills

Tariffs on Mexico, Canada and China could mean higher prices for avocados, tomatoes and beer in the US, as well as an average tax increase of more than $800 this year on US households. Constellation Brands (STZ), which owns Corona and Modelo, is at a disadvantage compared to its peers due to its production in Mexico.

Ferragamo CEO Marco Gobbetti to Step Down After Three Years

Salvatore Ferragamo CEO Marco Gobbetti to step down after three years. The company has begun searching for a replacement and Chairman Leonardo Ferragamo will assume executive powers until one is found.

The Ultimate Guide to the Information Transfer Model: Definition, Components, and Applications

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Canada's Stocks May Plunge 20% on Trump's Tariffs, Analysts Say

Analysts predict a possible sharp correction in Canada's stock market following Trump's tariffs on Canadian imports.

Trade War Erupts as US Tariffs Hit Global Markets

The dollar surged and stocks fell as US tariffs sparked a global trade war, threatening economic growth. The Bloomberg Dollar Index jumped 0.9%, while S&P 500 futures slid 1.4%. European carmaker shares and crypto assets also tumbled amid concerns over inflation and supply disruptions. The impact on emerging markets was severe, with the Mexican peso weakening by more than 2%. In energy markets, tariffs threatened to disrupt North America's oil trade, pushing up gasoline prices.

Orcel's Stake in Generali Adds to Complex Italian Dealmaking Landscape

Andrea Orcel of UniCredit buys a 4.1% stake in Assicurazioni Generali, adding leverage to his plan to reshape Italian banking.