Cranes at the Port of Los Angeles are empty of cargo ships, in San Pedro California, U.S., May 13, 2025. Mike Blake | Reuters A U.S. federal trade court striking down President Donald Trump’s “reciprocal” tariffs on a broad swathe of countries seems, on the surface, a positive development all around. A lack of tariffs leads to cheaper goods, likely more consumer spending and higher corporate revenue, which tends to flow back to stock prices.This ideal scenario, however, rests on the assumption that the court’s decision is final and the Trump administration does not have other ways of reinstating its…
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The ‘Fast Money’ traders talk more uncertainty around tariffs with latest court ruling. Source link
U.S. President Donald Trump’s tariffs regime has rocked international markets in recent weeks, sparking massive selloffs and rallies in stocks across the globe. Certain tariff-sensitive stocks, such as those in the autos, mining and pharmaceuticals sectors, have seen particularly volatile trade. In a Wednesday ruling , however, the U.S. Court of International Trade blocked the Trump administration from imposing his so-called reciprocal tariffs . Still, many experts expect that the government will manage to circumvent the ruling – which it has already appealed against – and forge ahead with its trade policies. One European sector could be poised for upside…
Optimism in the global business travel sector has dropped by more than half this year, according to a report published by the Global Business Travel Association.Positive sentiment fell from 67% in November 2024 to 31% in April 2025, according to the report which surveyed more than 900 business travel professionals on the affect of tariffs, tightened border policies and other U.S. government policies announced this year.More than one in four respondents in Canada, the United States and Europe said they felt “pessimistic” or “very pessimistic” about industry outlook this year.However, 40% of those surveyed said they felt neither positive nor…
A HDR evening shot taken at sunset of the Tokyo skyline.Fgm | E+ | Getty ImagesAsia-Pacific markets were set to decline Friday, with a slowing U.S. economy, inflation fears and uncertainties from the judicial developments surrounding U.S. President Donald Trump’s “reciprocal” tariffs weighing on investor sentiment.The U.S. Court of International Trade ruled on Wednesday night that Trump had overstepped his authority when he imposed his “reciprocal” tariffs. The court ordered that the challenged tariff orders be vacated.However, the Trump administration filed a notice of appeal shortly after the judgment, and an appeals court reinstated the levies on Thursday afternoon. The administration said it could ask the…
Costco on Thursday returned to its old ways of delivering earnings beats. Despite concerns about a tariff-driven hit to margins, the retailer’s better-than-expected results showed it is prepared to handle whatever challenges it may face. Total revenue in its third quarter of fiscal year 2025 increased 8% year over year to $63.2 billion, topping Wall Street expectations of $63.19 billion, according to estimates compiled by LSEG. Earnings per share (EPS) in the 12 weeks ended May 11 came in at $4.28, beating the consensus of $4.24, LSEG data showed. Shares of Costco were slightly lower in extended trading Thursday, along…
Wall Street is thrilled with E.l.f. Beauty’s latest acquisition, viewing it as a multi-pronged deal that strengthens the company’s international footprint and customer appeal. Shares of E.l.f. popped nearly 25% on Thursday after the company acquired Hailey Bieber’s skincare brand Rhode in a deal worth up to $1 billion. The deal, which is E.l.f.’s biggest to date, is expected to close later this year. Separate from E.l.f.’s huge bet on Rhode, the beauty products retailer on Wednesday also reported fiscal fourth-quarter results that exceeded analysts’ expectations on top and bottom lines. The company’s adjusted earnings per share of 78 cents…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyStephen Yalof, Tanger CEO, joins ‘Fast Money’ to talk the state of the consumer, impact of tariffs, new tenants in its mall.05:332 hours ago Source link
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Household brand Nike is not setting itself up for a successful turnaround, according to Josh Brown, CEO of Ritholtz Wealth Management and CNBC PRO contributor . The widely followed investor believes that the iconic footwear brand isn’t keeping up with the fierce competition as its celebrity spokespeople age out of popularity. The stock has fallen another 19% this year following a 30% loss in 2024. “The superstars that are all aging. LeBron James is in his 40s. Michael Jordan is 30 years retired,” Brown said on CNBC’s ” Halftime Report .” “I don’t even know what we do with something…
