Posts with tag: engineering
Top U.S. refiner Marathon Petroleum beat fourth-quarter profit estimates, helped by strength in its midstream and renewable diesel segment.
Published on: February 04, 2025, 12:04 PM UTC
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.
Published on: February 04, 2025, 12:02 PM UTC
Infineon (IFX.DE: +10.03%) shares surge 11% on upgraded revenue outlook, beating quarterly expectations and easing concerns about automotive demand.
Published on: February 04, 2025, 09:00 AM UTC
Copper pares gains after China-US tariff tit-for-tat
Published on: February 04, 2025, 07:04 AM UTC
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.
Published on: February 03, 2025, 07:02 PM UTC
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.
Published on: February 03, 2025, 06:00 PM UTC
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Published on: February 03, 2025, 04:00 PM UTC
Analysts predict a possible sharp correction in Canada's stock market following Trump's tariffs on Canadian imports.
Published on: February 03, 2025, 03:05 PM UTC
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.
Published on: February 03, 2025, 12:05 PM UTC
Andrea Orcel of UniCredit buys a 4.1% stake in Assicurazioni Generali, adding leverage to his plan to reshape Italian banking.
Published on: February 03, 2025, 09:01 AM UTC