Reported 9 days ago
Chinese electric vehicle manufacturer Leapmotor announced that it will provide free smart driving software for models equipped with driver assistance features, including a highway navigation assist pilot. Users who previously paid for navigation assist functions will be eligible for refunds until May 31.
Source: YAHOO
Reported 9 days ago
Fast Retailing, the operator of Uniqlo, has reduced its second-half profit outlook by 10 billion yen ($68 million) amid expectations that US tariffs will affect its North American clothing business. Despite a recent 90-day pause on tariffs declared by President Trump, the company anticipates a 2-3% decline in consolidated profit due to previous imports. Fast Retailing did, however, raise its full-year profit forecast thanks to robust sales in Japan and abroad, while facing challenges in China.
Source: YAHOO
Reported 9 days ago
Source: BARRONS
Reported 9 days ago
Source: WSJ
Reported 9 days ago
OpenAI has filed a countersuit against Elon Musk, alleging a pattern of harassment as Musk attempts to interfere with the company's transition to a for-profit model. The countersuit seeks a federal judge's intervention to prevent Musk from further actions against OpenAI. Musk, who co-founded OpenAI but left before it became successful, recently founded his own AI company and has been involved in legal disputes concerning OpenAI's operations and funding efforts.
Source: YAHOO
Reported 9 days ago
Taiwan Semiconductor Manufacturing Company (TSMC) announced a robust 42% surge in first-quarter revenue, reaching T$839.3 billion ($25.6 billion), slightly surpassing market estimates driven by the rise of artificial intelligence. Despite expectations of a lower revenue due to an earthquake impact, TSMC's growth benefited from a declining demand for consumer electronic chips post-pandemic. The company plans to release full Q1 earnings on April 17.
Source: YAHOO
Reported 9 days ago
Goldman Sachs has revised its GDP growth projections for China to 4% in 2025 and 3.5% in 2026, down from 4.5% and 4.0%, respectively, attributing the changes to the significant impact of increased U.S. tariffs on Chinese imports. The investment bank expects that while the Chinese government will likely respond with policy easing measures, these will not be sufficient to fully counteract the tariffs' negative effects on the economy and labor market.
Source: YAHOO
Reported 9 days ago
Despite a challenging market in 2025, AI stocks have previously thrived, with Meta Platforms (NASDAQ: META) poised for a strong rebound. Leveraging its vast user base and AI-driven advertising tools, Meta is seeing increased advertiser engagement and revenue growth. Analysts predict a 31% increase in stock value and a 14% revenue growth in 2025, making it a promising investment in the AI sector.
Source: YAHOO
Reported 9 days ago
The European Commission announced that it will take time to evaluate US President Trump's recent pause on tariffs, working closely with member states and industry before determining the next steps.
Source: YAHOO
Reported 9 days ago
Many Republicans are expressing confusion and skepticism over President Trump's recent tariff actions, particularly a sudden 90-day pause on reciprocal tariffs. This concern emerged during a congressional hearing with Trade Representative Jamieson Greer, where lawmakers raised questions about potential inflation and the timing of negotiations. Despite some support for Trump's overall goals regarding trade, doubts persist about the effectiveness and consequences of these policies, with many in the GOP feeling uncertain about their implications as the election approaches.
Source: YAHOO
Reported 9 days ago
Stocks in South Korea and Japan surged significantly following President Trump's announcement of a 90-day pause on higher tariffs, providing relief and optimism to investors. The Kospi Index gained 6.6% and Japan's Topix jumped 8.1%, with large-cap exporters like SK Hynix and Samsung leading the rally in South Korea. Although concerns about long-term trade resolutions linger, the market reacted positively, marking the largest gains in years and reflecting relief from fears of a recession.
Source: YAHOO
Reported 9 days ago
Kering is reportedly in discussions with the Qatar Investment Authority (QIA) regarding the sale of a stake in its prime property located on Via Monte Napoleone in Milan, according to Corriere della Sera. The luxury group is facing financial challenges due to declining sales at Gucci, leading to its consideration of asset sales, including a similar deal earlier this year that helped refinance its debt.
Source: YAHOO
Reported 9 days ago
Source: WSJ
Reported 9 days ago
Source: WSJ
Reported 9 days ago
Source: BARRONS
Reported 9 days ago
Source: BARRONS
Reported 9 days ago
Michelin anticipates that its sales for the first quarter of 2025 will be slightly below market projections, primarily due to a sharper-than-expected seasonal impact. The French tire manufacturer noted that U.S. tariffs are contributing to market volatility but emphasized that its local operations strategy will help mitigate these challenges. The company expects a volume decrease between 6% and 8%, whereas analysts had expected a smaller drop, leading to concerns about the first quarter sales results, set to be announced on April 24.
Source: YAHOO
Reported 9 days ago
Source: WSJ
Reported 9 days ago
European Commission President Ursula von der Leyen welcomed U.S. President Donald Trump's decision to suspend significant tariffs on numerous countries, viewing it as a vital move to stabilize the global economy. Emphasizing the importance of clear trade conditions, she reiterated her support for a zero-for-zero tariff agreement between the EU and the U.S. While acknowledging the potential impacts on businesses and consumers, von der Leyen highlighted Europe's efforts to diversify trade partnerships and maintain stability through its single market amid ongoing challenges.
Source: YAHOO
Reported 9 days ago
The Tokyo Nikkei share index rose by 9.1% and Taiwan's index increased by 9.3% following President Trump's announcement to postpone new tariffs by 90 days, resulting in a significant boost in market confidence.
Source: YAHOO
Reported 9 days ago
Southeast Asian nations are advocating for dialogue with the United States regarding recent trade tariffs, while committing not to impose retaliatory measures. Following substantial tariff increases of 32% to 49% targeted at six of the nine ASEAN member countries, economic ministers expressed their intent to engage constructively with the U.S. to address trade concerns, emphasizing the importance of a fair and predictable trading system.
Source: YAHOO
Reported 9 days ago
Francois Villeroy de Galhau, a member of the European Central Bank and head of the Bank of France, stated that recent policies by US President Donald Trump have diminished confidence in the US dollar. During an interview, he criticized the administration's protectionism and unpredictability, suggesting that it contradicts the historical stability associated with the dollar. He noted that this situation may enhance the euro's international role, highlighting the importance of Europe’s monetary autonomy established with the euro.
Source: YAHOO
Reported 9 days ago
Porsche has ramped up its inventory shipments to the United States to preemptively counteract impending tariffs while maintaining consistent pricing for orders from March, according to a Bernstein Research note from a call with company executives. The luxury automaker anticipates an operating margin beneath its annual forecast of 10-12%, as the forecast does not incorporate the effects of the forthcoming 25% tariffs on auto imports, which will not benefit from the recently announced 90-day pause. Details on Porsche's long-term strategy for dealing with the tariffs were not disclosed.
Source: YAHOO
Reported 9 days ago
Amid escalating trade tensions, President Trump raised tariffs on Chinese imports to 125%, while China retaliated with tariffs of 84% on U.S. goods. Despite this aggressive stance, investors reacted positively, with indices like the CSI 300 and Hang Seng rising, anticipating domestic stimulus measures. Analysts expressed mixed sentiments, noting confidence in China's market resilience but acknowledging ongoing volatility and uncertainty in discussions regarding the trade war.
Source: YAHOO