Several analysts on Wall Street see a clear winner emerging from President Donald Trump ‘s new auto tariff policy: Tesla . Trump announced on Wednesday that all cars not made in the U.S. would be slapped with a 25% tariff beginning next week. The news sent shares of major American car producers in diverging directions…
My top 10 things to watch Thursday, March 27 1. President Donald Trump’s 25% tariffs on automobiles made outside the U.S. are rippling through markets. General Motors is among the biggest losers, and shares are down 6% this morning. Crosstown rival Ford Motor “relatively benefits” since it imports fewer models, Bank of America wrote. 2….
A Wall Street firm issued price target reductions for three of our industrial stocks. However, the changes are not cause for concern. The news Analysts at Barclays on Wednesday struck an upbeat tone on Honeywell despite modestly revising their price target on the stock to $247 a share from $251. The new target still implies…
U.S. President Donald Trump speaks to the media in the Oval Office at the White House in Washington, D.C., U.S., March 26, 2025. Evelyn Hockstein | Reuters Another day, another tariff development from the Trump administration. In his latest move in the global trade war, U.S. President Donald Trump has announced a 25% tariff on…
The direction of average tariff rates is up, Barclays says Whether President Trump will indeed soften his approach to tariffs as he has recently suggested is uncertain, but one thing that is clear is that average tariff rates are rising, according to Barclays. “We think the direction of travel is clear: average tariff rates are…
Donald Trump is greeted by traders as he walks the floor of the New York Stock Exchange on Dec. 12, 2024. Alex Brandon | AP Stock futures were lower Wednesday as investors weighed news of President Donald Trump’s 25% tariff aimed at foreign cars. Futures tied to the Dow Jones Industrial Average fell 144 points,…
Over the past few years, we’ve highlighted the risk of a slowdown in consumer spending as the post-pandemic surge — where consumers were flush with cash — has given way to depleted savings and rising debt levels to sustain spending. Recent data over the past four months shows a noticeable shift in consumer sentiment, with…
Check out the companies making headlines in midday trading: GameStop — The meme stock soared about 15%. On Tuesday, GameStop’s board announced it had unanimously approved a plan to buy bitcoin with a portion of its corporate cash, following a similar move by MicroStrategy. Dollar Tree — The discount retail chain popped more than 4%…
My top 10 things to watch Wednesday, March 26 1. The long knives are still out for Nvidia . Today’s example is a story in the Financial Times about environmental rules in China that, if tightly enforced, could ban sales of Nvidia’s H20 chips. The rules were put in place last year, but suspiciously are…
Check out the companies making headlines in premarket trading. GameStop — The meme stock surged 16% a day after the company’s board announced it had approved a plan to buy bitcoin and stablecoins with a portion of its corporate cash, in a move similar to that of MicroStrategy. Dollar Tree — The discount retailer gained…