Reported 4 months ago
Honda has projected a dramatic 70% drop in profits for the fiscal year ending March 2026, attributing this downturn to declining vehicle sales in China and the impact of tariffs implemented by President Trump. The company reported a 24.5% decline in profits to 835.8 billion yen ($5.6 billion) for the previous fiscal year, despite an increase in overall sales. As production shifts to U.S. plants and electric vehicle strategies continue, executives remain cautious about uncertainties affecting future earnings.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Nissan announced plans to reduce its workforce by 20,000 employees, which represents about 15% of its global team, by the fiscal year 2027.
Source: YAHOO
Reported 4 months ago
Donald Trump's aggressive tariff strategy has resulted in initial agreements, such as a temporary pause in U.S.-China tariffs and a trade pact with Britain. However, experts caution that these moves do not resolve fundamental issues in global trade, particularly regarding China's economic model. While some new trade deals are anticipated with countries like Switzerland, India, and Japan, substantial changes to trade flows may take years. The future of U.S.-China negotiations remains uncertain with significant barriers still in place.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Donald Trump's recent moves in the trade war, which include reducing tariffs on Chinese imports, have created a temporary sense of relief in financial markets, but the underlying economic pain remains significant. While markets reacted positively to the tariff reduction, the reality is that consumer prices are still set to increase, job losses are anticipated, and economic growth is expected to decelerate. Analysts express skepticism about the stability of this newfound calm, highlighting the unpredictable nature of Trump’s policy changes.
Source: YAHOO
Reported 4 months ago
A New York importer is challenging President Trump’s authority to impose billions in global tariffs, claiming he lacks the legal power to do so under the International Emergency Economic Powers Act (IEEPA) of 1977. The case, which will be heard in the US Court of International Trade, questions whether Trump can enforce tariffs based on his declared national emergency amidst ongoing trade disputes. The plaintiffs argue that trade deficits do not constitute an emergency and that Congress never intended for the president to have such unrestricted tariff authority.
Source: YAHOO
Reported 4 months ago
SoftBank Group Corp. reported a remarkable 124% increase in profit, totaling ¥517.18 billion ($3.5 billion), bolstered by rising valuations of tech startups like ByteDance and Didi. The company's Vision Fund recorded a profit, and plans for a significant $30 billion investment in OpenAI remain unchanged despite economic uncertainty. CEO Masayoshi Son and OpenAI co-founder Sam Altman are pushing forward with ambitious data center projects, although financing discussions are yet to commence amidst market volatility.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Japan's SoftBank Group announced its first annual profit in four years, reporting a profit of 1.15 trillion yen ($7.78 billion) for the year ending in March, a significant recovery from the previous year's loss. This turnaround is attributed to strong performance in telecommunications and increased valuations of startups, despite ongoing challenges from market volatility and U.S. tariffs. SoftBank is currently expanding its investment portfolio, particularly in artificial intelligence and related technologies.
Source: YAHOO
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
According to Bank of America's global fund manager survey, asset managers are currently holding their largest underweight position in the US dollar in 19 years, primarily due to the impact of President Trump's trade policy on investor confidence. The survey indicated a slight improvement in sentiment following a temporary trade truce between the US and China, with a reduction in cash levels among fund managers, though concerns about a potential economic downturn remain.
Source: YAHOO
Reported 4 months ago
TransMedics Group, Inc. (TMDX) has emerged as one of the top-performing healthcare stocks, with a year-to-date performance of 78.83%. The company specializes in medical technologies for organ preservation and transplantation. Following favorable analyst updates, including a price target increase to $105, TMDX is seen as a revolutionary player in its field. An executive order from President Trump aimed at reducing drug prices further strengthens the healthcare sector, providing a promising backdrop for TMDX's growth.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
The US is projected to face a staggering loss of $12.5 billion in travel revenue by 2025, as visitor spending is expected to drop below $169 billion, reflecting a 7% year-over-year decline and a 22% decrease since the tourism peak in 2019. The decline is attributed to lingering effects of COVID-19 protocols, a strong dollar, and changing sentiments towards travel to the US. Major tourist markets are experiencing significant drops, with New York City anticipating 400,000 fewer tourists and $4 billion less in spending than the previous year. Recovery to pre-COVID levels may not occur until 2030.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
India is contemplating imposing import duties on certain U.S. products as a retaliatory measure against U.S. tariffs on steel and aluminum, as indicated in a recent World Trade Organization document. The U.S. had previously imposed a 25% levy on these metals, affecting Indian exports valued at $7.6 billion. As part of ongoing trade negotiations, India aims to reduce its tariff gap with the U.S. while also enforcing its tariffs on cheap steel imports.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
CATL, the battery giant, is set to conduct the world's largest listing in 2025, offering banks underwriting fees significantly lower than industry standards, with fixed commissions at just 0.2% of proceeds. This move highlights the tough conditions for investment banks in Hong Kong, where a recent upswing in trading may signal a recovery in large issuances despite a multi-year deal slump. The competitive bid for underwriting roles has led banks to accept slimmer margins in hope of future opportunities.
Source: YAHOO
Reported 4 months ago
Nissan Motor has announced it will temporarily suspend operations at certain domestic plants as part of a restructuring plan, according to a report by Nikkei. The exact factories affected and the nature of their closures are yet to be determined. In addition to this, Nissan plans to cut over 10,000 jobs worldwide, raising total layoffs to about 20,000, which is 15% of its workforce. The automaker anticipates a significant financial loss, projecting a net loss of up to 750 billion yen for the past business year.
Source: YAHOO