Reported 3 months ago
Source: YAHOO
Reported 3 months ago
Source: YAHOO
Reported 3 months ago
Source: YAHOO
Reported 3 months ago
Source: YAHOO
Reported 3 months ago
Source: YAHOO
Reported 3 months ago
Source: YAHOO
Reported 3 months ago
Nvidia's recent inability to access $8 billion in H20 chip sales due to strict export controls amid U.S.-China tensions represents a risk, but it may also serve as leverage in trade negotiations. While the geopolitical landscape complicates Nvidia's market position, analysts suggest that ongoing discussions could allow the company to regain access to the Chinese market, benefitting both parties economically. CEO Jensen Huang emphasizes the risks and opportunities posed by these export limitations, hinting that Nvidia's challenges may be surmountable in the near future.
Source: YAHOO
Reported 3 months ago
Source: YAHOO
Reported 3 months ago
US stocks dipped on Friday, driven by heightened uncertainty over President Trump's tariffs on China and a cooling of inflation pressures, as indicated by the Personal Consumption Expenditures (PCE) index. The S&P 500 fell by 0.4%, and the Nasdaq Composite declined by about 0.7%, while the Dow Jones decreased by 0.2%. Despite these movements, the S&P 500 is nearing a 6% gain for May, boosted by recovering tech stocks, although investor sentiment remains cautious amid ongoing trade disputes.
Source: YAHOO
Reported 3 months ago
Gap announced that it anticipates tariff-related costs of up to $300 million due to U.S. tariffs, excluding this impact from its financial forecasts, leading to a nearly 16% drop in its stock during pre-market trading. The company projects sales growth of 1% to 2% for 2025 while reaffirming a strong performance driven by renewed customer interest, despite the pressures from tariffs affecting its supply chain and profit margins.
Source: YAHOO
Reported 3 months ago
Ford Executive Chair Bill Ford raised concerns that proposed changes to U.S. tax credits for electric vehicle batteries could jeopardize the company's $3 billion investment in a Michigan plant set to employ 1,700 workers. He emphasized the unfairness of altering policies after investments have been made, especially since the factory plans to use technology from Chinese battery maker CATL. The ongoing tax reform discussions could significantly impact production and future job stability in the area.
Source: YAHOO
Reported 3 months ago
US ethane exports to China face new challenges as the Commerce Department mandates exporters to obtain licenses. This comes after a record high in exports last year and significant tariffs imposed by China. Traders express concerns over potential disruptions in supply for Chinese petrochemical companies, which rely heavily on US ethane for their operations.
Source: YAHOO
Reported 3 months ago
A New York court has ruled that there is sufficient evidence for Spanish pharmaceutical company Grifols to proceed with its defamation lawsuit against Gotham City Research, which had previously accused Grifols of financial misconduct. The court dismissed some of Grifols' claims but found merit in allegations concerning a $95 million loan that was not disclosed, impacting Grifols' market value significantly after Gotham’s report.
Source: YAHOO
Reported 3 months ago
BP has appointed David Hager, a veteran in the U.S. oil and gas sector, as a non-executive director starting June 2. Hager has a significant background with Devon Energy, serving as CEO from 2015 to 2021 and later as executive chair until 2023.
Source: YAHOO
Reported 3 months ago
Semiconductor design software company Synopsys has instructed its staff in China to stop services and sales, and to cease taking new orders due to new U.S. export restrictions. An internal memo revealed that these restrictions broadly prohibit sales of their products and services in China, which affects all customers including Chinese military users. The decision follows a letter from the U.S. Department of Commerce outlining the restrictions, significantly impacting access to electronic design automation tools for Chinese chipmakers, who heavily rely on U.S. software.
Source: YAHOO
Reported 3 months ago
Nomura Holdings, Japan’s largest investment bank, remains dedicated to expanding its business in the U.S., even amid recent market volatility due to tariff announcements. CEO Kentaro Okuda emphasized the U.S. as a crucial area for business opportunities, with the market contributing significantly to Nomura's income. Despite mixed results from past acquisitions, the firm is optimistic about future prospects.
Source: YAHOO
Reported 3 months ago
Japan's former Minister Ishiba has cautioned against escalating tensions related to tariffs and has committed to expanding trade cooperation within the Asia-Pacific region.
Source: YAHOO
Reported 3 months ago
New Zealand's deputy prime minister announced that discussions regarding a free trade agreement between New Zealand and India are still ongoing.
Source: YAHOO
Reported 3 months ago
Volkswagen CEO Oliver Blume stated that the company is having 'fair' discussions with the US government regarding tariffs and is planning significant future investments in the US. He emphasized the importance of these investments in leveraging tariff negotiations, as Volkswagen currently employs over 20,000 people directly in the US and recently made a $5.8 billion investment in Rivian. Blume hopes for a broad agreement between Brussels and Washington to address tariffs.
Source: YAHOO
Reported 3 months ago
European markets rose while Asian shares closed lower as uncertainty looms over President Trump's tariffs following a U.S. court ruling that challenges their legality. The ruling raised hopes for reduced economic strain, although the tariffs remain in effect pending an appeal. Japan's Nikkei 225 saw a 1.2% drop influenced by rising inflation figures.
Source: YAHOO