A look at the day ahead in U.S. and global markets from Mike Dolan The S&P500 stock benchmark plunged into the red for the year this week as an Nvidia-led selloff, economic slowdown fears and re-ignited trade war fears jarred while the dollar surged anew. Following Big Tech megacaps and small cap indexes into negative…
By Kalea Hall DETROIT (Reuters) – General Motors has spent billions over decades trying to blaze an electric trail, releasing pioneering EVs and hybrids that ultimately failed to achieve mass-market sales before being scrapped. This time might be different. Last year, the U.S. auto-sales leader boosted electric vehicle sales and seized market share from the…
President Donald Trump said Thursday that tariffs on Canadian and Mexican imports would move forward on March 4 and that he would add an additional 10% levy on China, heightening the stakes of his trade battle that has rattled Wall Street and injected an air of uncertainty during his first weeks in office. In a…
On Thursday, President Donald Trump confirmed that his proposed tariffs on Mexico and Canada would go into effect on March 4, following a one-month delay that began on February 3. The tariffs, which include 25% duties on imports from the neighboring countries, have faced ongoing uncertainty regarding their reinstatement. In addition, Trump announced that China,…
Nvidia (NVDA, Financial) shares dropped about 3% Thursday morning after posting fourth-quarter results that failed to sustain the recent artificial intelligence-driven upswing. The chipmaker, widely seen as a bellwether for AI-related momentum, reported earnings that met forecasts but did not surpass them enough to energize the broader tech sector. Meanwhile, U.S. economic data provided mixed…
(Bloomberg) — Asian equities were primed for muted moves Thursday as investors grappled with new details on tariffs from US President Donald Trump and robust earnings from Nvidia Corp. Most Read from Bloomberg Shares in Australia opened slightly higher while futures for Japanese and Hong Kong equity benchmarks edged lower. Contracts for the S&P 500…
KYIV, Ukraine (AP) — A preliminary economic agreement between Ukraine and the United States would ensure long-term U.S. involvement in rebuilding the country, but the deal leaves the question of security guarantees sought by Kyiv to future negotiations. According to the final version of the deal obtained by The Associated Press, the United States and…
US stocks closed mixed on Tuesday as President Donald Trump’s revived tariff threats and potential toughening of China curbs weighed on market optimism while new data signaled fears over future economic growth. Consumer confidence plummeted in February, notching its biggest monthly decline in nearly four years as 12-month inflation expectations jumped and recession fears escalated….
US futures showed little movement on Monday after the major indexes failed to recover from last week’s sell-off amid new comments from President Donald Trump on upcoming tariffs. Futures for the S&P 500 (ES=F) and Dow Jones (YM=F) ticked up .01%, while Nasdaq (NQ=F) futures held steady. CBOT – Delayed Quote • USD As of…
(Bloomberg) — Asian stocks are poised for hefty losses throughout the region, dragged by a poor session on Wall Street and the Trump administration’s latest moves to curb US trade with China. Most Read from Bloomberg Shares in Australia opened lower, while futures are pointing to Hong Kong and Tokyo benchmarks falling around 2% at…