Genuine Parts Company may gain even in the face of President Donald Trump’s new tariff regime, according to Evercore ISI. Analyst Greg Melich on Friday upgraded the Atlanta-based auto parts distributor to outperform from in line and raised his price target by $7 to $135, implying nearly 14% upside over the next 12 months from Thursday’s close. The stock has fallen more than 3% in the past month and more than 13% in the past half year, but little changed so far in 2025 versus the S & P 500’s 8% decline this year. The stock yields 3.47%, according to…
Author: usaeverydaylife
Investors are starting to run for the exits. Stocks were primed for another steep sell-off on Friday , with Dow Jones Industrial Average futures plunging more than 900 points. S & P 500 and Nasdaq-100 futures were down more than 2.5% each. Those losses come after China said it will impose a 34% tariff on all U.S. goods in retaliation for higher U.S. duties unveiled by President Donald Trump earlier this week. If these declines materialize through Friday’s cash session, they could mark the beginning of a washout some think the market needs before it can make a meaningful comeback…
Reading, UK – JULY 5, 2021: British High Street Banks stopping account holders buying using or processing crypto related transactions as traditional banking industry declares war on crypto currenciesCraig Hastings | Moment | Getty ImagesEuropean banks have been battered in the wake of U.S. President Donald Trump’s sweeping and more-aggressive-than-anticipated tariffs.The European banking index extended its hemorrhage on Friday morning with a further 9.28% in losses by 12:42 p.m. London time, as giants Deutsche Bank, Intesa Sanpaolo, Banco Santander and UniCredit each surrendered between 9% and 11% of their share price.In Switzerland, which faces a U.S. tariff of at least…
Check out the companies making headlines before the bell. Big banks — Bank stocks took a hit over increasing fears of a U.S. economic pullback amid an escalating global trade war. Goldman Sachs and Morgan Stanley each lost 6%, while JPMorgan Chase , Citigroup and Wells Fargo shed 5%. China-based ETFs — China-based exchange-traded funds slid after the nation’s finance ministry announced on Friday that it will impose a 34% tariff on all U.S. goods starting Thursday, April 10. This comes on the back of President Donald Trump’s decision to impose an additional 34% duty on China — bringing the…
The tariffs announced this week by President Donald Trump have significantly increased the chances of a U.S. and global economic downturn, according to JPMorgan. “These policies, if sustained, would likely push the US and possibly global economy into recession this year,” wrote Bruce Kasman, head of global economic research, in a note late Thursday. The economist puts the odds of a recession this year now at 60%, up from 40% before the tariff rollout. Even if the global economy does avoid a recession, the U.S. may not be as lucky, Kasman said. “Scenario where rest of world muddles through a…
Job growth was stronger than expected in March, providing at least temporary reassurance that the labor market is stable, the Labor Department reported Friday.Nonfarm payrolls increased 228,000 for the month, up from the revised 117,000 in February and better than the Dow Jones estimate for 140,000, according to the Bureau of Labor Statistics.However, the unemployment rate moved up to 4.2%, higher than the 4.1% forecast.This is breaking news. Please refresh for updates.Get Your Ticket to Pro LIVEJoin us at the New York Stock Exchange!Uncertain markets? Gain an edge with CNBC Pro LIVE, an exclusive, inaugural event at the historic New York…
Trump’s Friday schedule from Mar-a-Lago: Nothing, then dinnerPresident Donald Trump and his son, Eric Trump, drive in a golf cart after he arrived on Marine One at the LIV Golf Miami golf tournament at Trump National Doral.Sam Navarro-Imagn Images | ReutersTrump’s schedule for Friday is clear, save for attending a “Candlelight Dinner” for the super political action committee MAGA Inc., according to the White House.The dinner is at Trump’s Palm Beach club and residence, Mar-a-Lago. Trump arrived there Thursday evening after catching another dinner for the LIV golf tour at his Doral Golf Club in Miami.— Kevin BreuningerSnap-on CEO Nick…
An employee mounts a VW logo on a new Volkswagen Tiguan at the VW main plant.Picture Alliance | Picture Alliance | Getty ImagesAuto giants have responded to U.S. President Donald Trump’s tariffs by announcing plans to raise prices, impose import fees, pause production and even layoff staff.As part of plans designed to shift production to U.S. factories and bolster American jobs, the Trump administration on Thursday introduced 25% tariffs on foreign auto imports. The White House also said it intends to place tariffs on some auto parts no later than May 3.The measures, which were separate to Trump’s sweeping new…
Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024.Jason Redmond | AFP | Getty ImagesA half-century ago, childhood friends Bill Gates and Paul Allen started Microsoft from a strip mall in Albuquerque, New Mexico. Five decades and almost $3 trillion later, the company celebrates its 50th birthday on Friday from its sprawling campus in Redmond, Washington.Now the second most valuable publicly traded company in the world, Microsoft has only had three CEOs in its history, and all of them are in attendance for the monumental event. One is current…
President Trump’s tariffs mean that companies across the European Union and around the world are at risk of losing access to the world’s largest consumer market.Naturally, they are looking for the next big thing. Statistically speaking, that would mean China.The E.U. has the second-largest consumer market in the world behind America; China is third. But China and the E.U. have not exactly been cozy in recent years. Europe has regularly blasted China for overproducing and dumping artificially cheap products on the global market, and European leaders have criticized China’s stance toward Russia’s war in Ukraine, among other political and social…
