Reported 16 days ago
BJ’s Wholesale Club Holdings (BJ) saw its stock rise 8% after exceeding earnings expectations in its fourth quarter of 2024, boosted by increased same-store sales and customer traffic. The company plans to raise membership fees for the first time in seven years, contributing to a 56.09% increase in its stock value over the past 52 weeks, closing at $118.49 per share.
Source: YAHOO
Reported 16 days ago
In 2024, Spotify's royalty payments to artists from Nigeria and South Africa soared to around $59 million, fueled by a surge in global interest in African music. The company distributed approximately $10 billion in royalties worldwide, with significant growth observed among up-and-coming Nigerian artists, whose royalties more than doubled to $38 million, and South African artists, who earned $21 million—a 54% increase from the previous year. Approximately 250 million playlists feature Nigerian artists, while 220 million include South African performers, reflecting the growing international recognition of these artists.
Source: YAHOO
Reported 16 days ago
In a surprising turn, the US economy added 228,000 jobs last month, demonstrating resilience even amid ongoing trade tensions and tariffs imposed by China. President Trump remains steadfast in his economic policies, despite the challenges posed by international trade disputes.
Source: YAHOO
Reported 16 days ago
China has implemented export restrictions on key rare earth elements in response to U.S. tariffs, affecting global supply chains for vital minerals used in defense and technology. This measure could significantly impact U.S. industries, as China produces around 90% of the world’s refined rare earths. Analysts highlight the challenge this poses for U.S. importers, who are now bracing for potential supply shortages. The move reflects China's leverage in the rare earth market amid ongoing trade tensions.
Source: YAHOO
Reported 16 days ago
Dan Ives, a prominent tech analyst from Wedbush, warns that Trump's new tariffs could drive the cost of iPhones up to $3,500, significantly impacting the tech industry and US consumers. He argues that the tariffs threaten to cause an economic crisis and delay the ongoing AI revolution, as China retaliates with steep tariffs on US goods. Ives emphasizes the urgent need for realistic negotiations on these trade policies to prevent escalating costs and economic downturns.
Source: YAHOO
Reported 16 days ago
U.S. equity funds experienced significant outflows of $10.85 billion in the week ending April 2, as investors reacted to President Trump's new tariffs, which heightened worries about increasing costs and potential recession. Small-cap funds faced the largest outflows, while money market funds saw a net inflow of $22.01 billion, signaling a shift toward safer investments.
Source: YAHOO
Reported 16 days ago
SandboxAQ, an AI startup utilizing quantum computing for developing enterprise models, has raised an additional $150 million from investors including Google, Nvidia, and BNP Paribas, bringing its total funding to $950 million. Valued at $5.75 billion, this investment signals significant interest from tech giants in advanced model development and its applications, particularly in drug discovery and financial modeling. The company plans to use the funds to enhance R&D and forge new partnerships.
Source: YAHOO
Reported 16 days ago
In response to President Trump's 34% tariffs on Chinese goods, China has announced its own 34% tariffs on U.S. products, along with export controls on certain rare earths and restrictions on about 30 U.S. organizations. China claims the U.S. measures violate international trade rules and has called for consultations at the WTO. The escalating trade tensions are expected to impact agricultural trade and open opportunities for other countries to fill the market void left by U.S. exports.
Source: YAHOO
Reported 16 days ago
As of April 4, 2025, U.S. stock futures are sharply down following significant declines in market indices due to tariff announcements by President Trump and retaliatory actions from China. Key topics include a projected slowdown in U.S. job growth, a tentative joint venture between Intel and TSMC, and the DOJ not planning to challenge the Capital One-Discover merger. Investors should brace for a volatile market opening.
Source: YAHOO
Reported 16 days ago
Global money market funds experienced significant inflows of $30.26 billion in the week ending April 2, as investor caution increased over President Trump's aggressive trade tariffs, raising fears of a global economic slowdown. This influx comes in stark contrast to equity funds, which saw minimal net purchases and significant net selling in U.S. equity funds. Meanwhile, defensive sectors performed better, with utilities attracting notable investments and bond funds continuing to show resilience with $4.3 billion in inflows.
Source: YAHOO
Reported 16 days ago
India's $283-billion IT sector is expected to face significant challenges as new tariffs could trigger inflation in the US, leading clients to cut spending. Analysts warn that this might slow down deal cycles, delay projects, and hinder revenue growth, particularly affecting firms heavily reliant on discretionary spending. With J.P. Morgan raising the odds of a US recession to 60%, Indian IT firms are likely to issue conservative revenue growth forecasts in the upcoming quarterly results.
Source: YAHOO
Reported 16 days ago
The March jobs report revealed that the US economy added 228,000 jobs, significantly exceeding expectations of 130,000, while the unemployment rate inched up to 4.2%. Despite strong job growth, economists warn of potential economic instability due to new tariffs imposed by President Trump, which could lead to stagflation. The report reflects a resilient labor market, though concerns about rising layoffs and economic uncertainty loom, particularly as federal job cuts begin to emerge.
Source: YAHOO
Reported 16 days ago
Copper prices have dropped below $9,000 a ton, marking the largest decline since March 2020, as fears of a worsening trade war lead to a selloff in metals and mining stocks. China's announcement of a 34% tariff on US imports has intensified these fears, causing significant losses for major mining companies. Despite long-term bullish outlooks, experts warn that declining demand and global GDP could delay expected market deficits.
Source: YAHOO
Reported 16 days ago
Japan could potentially lose $17 billion in automotive exports to the U.S. following the implementation of a 25% tariff on vehicle imports, as reported by the International Trade Centre. The tariffs affect a significant portion of Japan's exports, with calls for diversification towards markets like China and Germany to offset losses. Analysts predict American consumers will face over $30 billion in increased vehicle costs due to these tariffs.
Source: YAHOO
Reported 16 days ago
Peter Berezin, a chief strategist at BCA, warns that the U.S. economy is headed for a likely recession due to escalating tariffs imposed by the Trump administration. Following China's retaliatory 34% tariffs on U.S. goods, Berezin predicts the S&P 500 could drop to 4,450, an 18% decrease, as a result of diminishing demand and economic vulnerabilities. He highlights a 'very ugly feedback loop' where reduced consumer spending could lead to decreased employment and further economic decline.
Source: YAHOO
Reported 17 days ago
The recent announcement of reciprocal tariffs by President Trump has led to a significant downturn in the stock market, with the S&P 500 experiencing its worst day since 2020. Investors are grappling with the shocking breadth of the tariffs and their potential implications on the economy, prompting a reevaluation of growth forecasts. Concerns are mounting over rising inflation, consumer spending cuts, and the potential for a recession within the year. The Federal Reserve now faces a tough decision on interest rates, as tariffs may complicate its efforts to manage both inflation and economic growth.
Source: YAHOO
Reported 17 days ago
Yahoo Finance reports that President Trump's recent tariff announcements, including a 10% baseline and up to 34% for China, have led to significant drops in the stock market, particularly affecting Big Tech, retailers, and automakers. Major companies like Apple and Nike have seen massive losses, with fears about increased operational costs and consumer prices. Analysts predict a downturn in economic growth, with sectors heavily reliant on foreign manufacturing bracing for impact as investors navigate this new tariff landscape.
Source: YAHOO
Reported 17 days ago
As Wall Street reacts to increased tariffs from China, many analysts advise against purchasing US stocks amid fears of a recession. Despite the bearish climate, Ed Yardeni of Yardeni Research believes this downturn presents a significant buying opportunity, suggesting that the Trump administration may ultimately relent on tariffs within months. Meanwhile, major firms have lowered their S&P 500 targets, reflecting concerns over corporate earnings amid rising tariffs and market volatility.
Source: YAHOO
Reported 17 days ago
Japanese stocks fell sharply as the Topix index entered a technical correction, driven by fears over US tariffs and a flight to safer assets. The Nikkei 225 index dropped significantly, fueled by concerns over reduced profit margins for banks and a decreased likelihood of interest rate hikes from the Bank of Japan. Meanwhile, government bonds rallied as investors sought refuge, indicating growing uncertainty regarding Japan's economic outlook.
Source: YAHOO
Reported 17 days ago
European shares fell on Friday, marking their steepest weekly loss in three years, as investors reacted to President Trump's announcement of extensive tariffs, raising fears of a global recession. The pan-European STOXX index dropped 1.8%, leading to a total weekly loss of 5%, the largest since February 2022. Along with anticipated interest rate cuts from the European Central Bank to mitigate economic impacts, the uncertainty around inflation and GDP impacts from the tariffs continues to weigh heavily on market sentiment.
Source: YAHOO
Reported 17 days ago
Oil prices dropped to a four-year low after a surprising output increase from OPEC+ and new tariffs imposed by the U.S. on China, escalating the global trade war. Brent crude fell 13% in just two days, while China announced a damaging 34% tariff on U.S. imports. The dual pressures of increased OPEC+ supply and trade tensions are reshaping market forecasts and raising concerns about weaker global demand.
Source: YAHOO
Reported 17 days ago
The dollar has erased all gains since Donald Trump's election due to aggressive tariffs, contributing to market volatility and a decline in global bond yields and equities. After China retaliated with import levies, the dollar fell sharply, leading analysts to predict a potential structural weakening of the currency, which had previously rallied nearly 5% following Trump's election.
Source: YAHOO
Reported 17 days ago
Berkshire Hathaway Inc. showed resilience during a volatile trading day marked by President Trump's tariff announcements, with its stock only declining slightly compared to a significant drop in broader market indexes, which lost $2 trillion in value. Analysts noted that the insurance sector's stability, a key revenue source for Berkshire, helped buffer the impact of tariffs. Speculation arises that Warren Buffett might leverage his substantial cash reserves for major purchases amid the downturn.
Source: YAHOO
Reported 17 days ago
Donald Trump, during his presidency, has followed through on his campaign promises regarding tariffs, shocking Wall Street with a significant increase in tariffs on Chinese goods to 54% and 25% on foreign-made cars. Despite previous skepticism from investors who viewed his tariff pledges as mere negotiation tactics, it is now clear that Trump's policies are set to disrupt global trade, raising tariffs to the highest levels seen in over a century, starting April 5, 2025.
Source: YAHOO
Reported 17 days ago
US stock futures dropped sharply as fears of a prolonged trade war intensified after China announced a 34% tariff on US goods in retaliation to President Trump's recent tariffs. The Dow futures fell over 1,200 points, while the S&P 500 and Nasdaq futures also experienced significant declines. Economic concerns are growing, highlighted by a mixed jobs report and declining oil prices, as investors react to the escalating trade disputes.
Source: YAHOO