Reported 3 months ago
Dell Technologies reported stronger-than-expected Q2 revenue amidst mixed first-quarter results, surpassing Wall Street's revenue estimates of $25.35 billion by projecting $28.5 to $29.5 billion. The company's server and networking business thrived, fueled by increasing AI server demand, while consumer revenue saw a decline. Following the announcement, Dell's stock jumped over 7% in after-hours trading.
Source: YAHOO
Reported 3 months ago
This article explores the comparison between the sizes of major trucking fleets and well-known fast food chains, revealing that while McDonald's has over 13,000 locations, fleets like J.B. Hunt and Schneider National match their size. Furthermore, it highlights that Subway leads as the fastest growing chain with 19,000 locations, comparable to the large Knight-Swift fleet. The discussion also touches on the diversity of fleet sizes among other popular fast food brands and their relative position to shipping companies.
Source: YAHOO
Reported 3 months ago
Wall Street saw mixed movements on Thursday as traders reacted to the ongoing uncertainty surrounding President Trump's tariff policies, following a federal court ruling that questioned the legality of his tariff imposition. Although the Dow closed up by 117 points and stocks initially rose, investor enthusiasm waned as the potential for future tariffs remains. Analysts caution that while some economic pain from tariffs lingers, further market volatility is expected as the situation develops.
Source: YAHOO
Reported 3 months ago
U.S. stocks climbed on Thursday as investors reacted positively to Nvidia's earnings report, while also navigating ongoing tariff uncertainties. The S&P 500 and Nasdaq each rose about 0.4%, and the Dow gained around 0.3%. Despite concerns about tariffs, Nvidia's strong first-quarter results provided a boost, although the company warned of potential revenue losses due to U.S. export restrictions to China. A federal court temporarily reinstated President Trump's tariffs, adding to the market's volatility and investor speculation on future trade policies.
Source: YAHOO
Reported 3 months ago
President Trump's tariffs, which have sparked worries about an impending recession and rising inflation, face a significant challenge after a federal court ruled he may have overstepped his authority in imposing many of them. While some tariffs may remain in place as appeals proceed, there's potential for a decrease in recession risks should the court’s outcome ultimately block certain tariffs. The economic landscape remains uncertain, as higher tariffs are generally expected to increase consumer prices, though the exact impact on inflation remains debatable among economists.
Source: YAHOO
Reported 3 months ago
The US dollar declined sharply on Thursday due to disappointing economic data and ongoing trade uncertainty, as a court temporarily halted aspects of the Trump administration's tariffs. A rise in jobless claims and a contraction in GDP contributed to investor jitters, leading to the dollar's drop against major currencies, especially the euro. Analysts suggest the trade policy's unpredictable nature is affecting market confidence and anticipate further decline for the dollar unless improvements in the economic outlook are realized.
Source: YAHOO
Reported 3 months ago
Revised data shows the U.S. economy shrank 0.2% in the first quarter, an improvement from the previously reported 0.3%. This decline was largely driven by a surge in imports as consumers rushed to buy goods before new tariffs took effect. Although GDP figures improved, consumer spending was revised downward.
Source: YAHOO
Reported 3 months ago
A federal appeals court has granted President Donald Trump a temporary stay against a ruling that threatens to invalidate significant parts of his tariff agenda, as the administration navigates new legal hurdles concerning trade policy. Although the recent ruling represents a significant setback for Trump, which would have lowered US tariffs significantly, White House officials remain committed to defending their trade strategies, exploring alternative legal avenues while emphasizing the urgency to implement tariffs before the midterm elections.
Source: YAHOO
Reported 3 months ago
President Trump accused China of violating their trade agreement, adding to tensions as tariffs face legal uncertainty. A federal appeals court has temporarily reinstated Trump's tariffs after a trade court deemed their implementation unlawful. Meanwhile, U.S.-China relations show signs of strain again, with Trump suggesting stalled negotiations and possible new restrictions on technology tied to China.
Source: YAHOO
Reported 3 months ago
Burlington CEO Michael O'Sullivan noted a consumer slowdown from late 2024 into early 2025, raising concerns about broader spending trends. While tariffs present both challenges and opportunities for the off-price retail sector, O'Sullivan believes these import taxes will eventually stabilize and become a minor factor in the industry's longer-term trends. Despite concerns about macroeconomic indicators and potential inflation, Burlington reported adjusted earnings that surpassed expectations for the first quarter, maintaining a cautious but optimistic outlook for the future.
Source: YAHOO
Reported 3 months ago
Americold has begun construction on its first import-export hub in Canada, set to serve Port Saint John in New Brunswick. The facility will provide 22,000 pallet positions and represents a $75-$80 million investment, primarily supported by partnerships with DP World and CPKC. Expected to create 100 jobs and generate $37 million in GDP, the hub is slated to open next year and aims to bolster shipping volumes and market access for local exporters.
Source: YAHOO
Reported 3 months ago
In a recent meeting with Federal Reserve Chair Jerome Powell, President Donald Trump criticized the decision not to lower interest rates, calling it a 'mistake.' Trump has been vocal about his views on monetary policy, linking high rates to economic disadvantages against countries like China. While Powell maintained that he will base decisions on economic data and not political pressure, he faced ongoing scrutiny from Trump, who previously appointed him and has no immediate plans to remove him despite past criticisms.
Source: YAHOO
Reported 3 months ago
Thoma Bravo is exploring the potential sale of Apryse, a document processing software firm, with interested buyers including other private equity firms. The firm is working with Lazard on the sale process and may retain a minority stake in Apryse, which generates over $100 million in EBITDA and is growing annually at over 20%. Apryse, previously known as PDFTron, was acquired by Thoma Bravo in 2021 and has expanded significantly since then.
Source: YAHOO
Reported 3 months ago
Alfa Romeo is reportedly delaying the launch of its new Stelvio SUV due to sluggish demand for electric vehicles and a reassessment of its strategies. Originally set to debut later this year, deliveries are now expected to start in September or October 2026. The automaker, part of Stellantis, is also developing a hybrid version, diverging from its initial full-electric plans, while overall market conditions and regulatory uncertainties are influencing their production plans in Italy.
Source: YAHOO
Reported 3 months ago
C3.ai saw its stock price increase by more than 25% following the release of its strong fourth-quarter results, which exceeded analysts' expectations. The company reported a revenue increase of 26% to $108.7 million and a narrower loss of $0.16 per share, driven by significant demand for its generative AI products. Additionally, C3.ai renewed and expanded its partnership with Baker Hughes, focusing on collaborative efforts to enhance operational efficiency in the oil and gas sector.
Source: YAHOO
Reported 3 months ago
Business Insider is laying off approximately 21% of its workforce as revealed in an internal memo, attributed to declining search traffic and the rise of generative AI tools like ChatGPT. Despite improving revenue per website visit, CEO Barbara Peng highlighted that a significant portion of the business remains sensitive to traffic fluctuations. The company is pivoting to enhance AI adoption and is refocusing its content strategy, while also launching a new events initiative called BI Live.
Source: YAHOO
Reported 3 months ago
Holcim's CEO has stated that uncertainty regarding tariffs will not impede the company's plans for expansion in the United States. A recent court ruling against broad import duties imposed by President Trump has created market excitement but also uncertainty for businesses. However, Holcim's strategy to focus on the local market means they expect no impact from tariffs. The company is set to spin off its North American business, Amrize, by the end of June to capitalize on increased construction spending.
Source: YAHOO
Reported 3 months ago
Nvidia's latest quarterly earnings exceeded analysts' expectations despite facing challenges from export controls in China. The chipmaker's stock price increased nearly 5%, surpassing Microsoft to become the world's most valuable company. Analysts from firms such as Oppenheimer, Bank of America, and UBS praised Nvidia's strong positioning in the AI market, with several raising their price targets for the stock, signaling continued confidence in its growth prospects.
Source: YAHOO
Reported 3 months ago
In a statement at the 2025 Mackinac Policy Conference, Chicago Federal Reserve President Austan Goolsbee indicated that the U.S. central bank might lower interest rates if significant tariffs are avoided, which could help reveal the underlying strength of the economy. He compared the economic impact of tariffs to a layer of fat obscuring well-defined abs, suggesting that removing tariffs could reveal a healthier economic situation. Despite uncertainty around trade policies affecting business decisions, Goolsbee noted that conditions were stable prior to recent tariffs and inflation was nearing the Fed's 2% target.
Source: YAHOO
Reported 3 months ago
E.l.f. Beauty exceeded profit and sales forecasts, reporting a 4% increase in revenue to $332.6 million for fiscal Q4 2025, and announced the acquisition of Hailey Bieber's skincare line, Rhode, for potentially up to $1 billion. The deal includes $800 million in cash and stock at closing, with an additional $200 million contingent on Rhode's growth over three years. CEO Tarang Amin expressed confidence that this acquisition will bolster their portfolio of innovative brands, with Bieber taking on a key role in the merged company.
Source: YAHOO
Reported 3 months ago
Victoria's Secret has temporarily taken down its U.S. website and limited in-store services due to a 'security incident.' The lingerie company has not revealed specifics about the incident or whether it involves a cyber attack, but assures customers that efforts are ongoing to restore operations. Most reports of issues emerged Wednesday, with the company notifying customers that it is attempting to fulfill prior orders amid extended return windows.
Source: YAHOO
Reported 3 months ago
Vanguard Group has announced a significant expansion of its 'Investor Choice' proxy voting program, increasing the number of eligible investors from 3 million to 10 million. This initiative aims to reduce Vanguard's direct influence on shareholder elections by allowing investors to select from various policy options instead of direct votes for specific companies. The program now includes four additional equity index funds, raising the total eligible assets to nearly $1 trillion.
Source: YAHOO
Reported 3 months ago
JetBlue Airways and United Airlines have unveiled a new collaboration named 'Blue Sky', offering reciprocal loyalty program benefits such as priority boarding and access to preferred seating. This partnership will allow both airlines to sell flights on each other's platforms while also exchanging flight schedules at Newark Liberty International Airport and providing United with flight slots at JFK Airport starting in 2027.
Source: YAHOO
Reported 3 months ago
ArcBest has appointed Mac Pinkerton, a former president at C.H. Robinson, as the new chief operating officer of its asset-light logistics division, following the retirement of Steven Leonard. This move aims to address ongoing challenges faced by the business, which has been experiencing operating losses during a prolonged freight recession. Pinkerton’s extensive experience in the logistics sector is expected to bring renewed value to ArcBest's operations.
Source: YAHOO
Reported 3 months ago
Nvidia's stock experienced a 5% increase after the release of its mixed first-quarter earnings report, which exceeded analysts' revenue expectations despite an $8 billion revenue hit from US-China export restrictions. CEO Jensen Huang highlighted the strong demand for AI infrastructure, stating Nvidia remains a key player in the AI revolution, even as the company navigates significant sales losses due to export limitations to China.
Source: YAHOO