Tag: programming

Stock prices plunged on Monday as investors reacted to President Trump's announcement of tariffs on Canada, Mexico, and China. The Nasdaq Composite fell about 1%, the S&P 500 fell about 0.8%, and the Dow Jones Industrial Average shed 0.4%.

Published on: February 03, 2025, 05:02 PM UTC

Nvidia's stock dropped 5% after President Trump's new tariffs and news of potential restrictions on exports to China.

Published on: February 03, 2025, 05:02 PM UTC

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

Mexico suspends tariffs with US for a month after agreeing to deploy troops to stem drug flow

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

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

Julius Baer faces share drop after Swiss watchdog opens probe into lending lapse

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

Southwest Airlines faces challenges with rising costs, but CEO remains optimistic about recovery strategy and improving outlook for Boeing, its fleet partner.

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

Trump's tariffs on Canada, Mexico, and China send shockwaves through Wall Street, with analysts predicting pain and a hit to economic growth. Morgan Stanley sees a recession in Mexico and a drag on US growth. EvercoreISI warns of inflation and a slowdown. JP Morgan highlights the financial risks to metals companies. Bernstein notes the impact on risk-on sentiment and crypto markets. Vontobel emphasizes the uncertainty and the need for Swiss companies to adapt. Deutsche Bank anticipates a recession in Canada and Mexico and a boost to the US dollar. BMO Capital Markets recommends focusing on quality companies and dividends. TD Securities expects a reduction in Fed easing pricing and a selloff in the US short end. Stifel warns of supply chain disruptions and inflationary pressures for footwear and apparel companies.

Published on: February 03, 2025, 03:03 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