The ‘Fast Money’ traders react to Apple announcing Corning partnership. Source link
Author: usaeverydaylife
Join CNBC for live updates on European markets. Source link
An employee checks the stock of medicines at a pharmacy store in Hyderabad on July 31, 2025. Noah Seelam | Afp | Getty Images India’s exports to the U.S. face a steep 50% tariff after U.S. President Donald Trump on Wednesday slapped an additional 25% duty on Indian goods over the country’s oil purchases from Russia.The extra duties — set to come into effect within 21 days — will be stacked on top of the 25% tariffs on New Delhi due Thursday stateside, according to the executive order.Analysts are warning that the higher U.S. tariffs risk substantially diminishing the allure…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyPres. Trump and Apple CEO Tim Cook speak in the Oval Office on Apple’s latest manufacturing announcement.05:19Wed, Aug 6 20255:26 PM EDT Source link
A cargo ship carries foreign trade containers on the Jiaozhou Bay waterway in Qingdao, Shandong Province, China, on August 5, 2025. Costfoto | Nurphoto | Getty Images China’s export growth in July sharply beat market expectations as the clock on a tariff truce with the U.S. keeps ticking, while imports rose to their highest in a year.Exports climbed 7.2% in July in U.S. dollar terms from a year earlier, customs data showed Thursday, exceeding Reuters-polled economists’ estimates of a 5.4% rise.Imports rose 4.1% last month from a year earlier, marking the biggest jump since July 2024, according to LSEG data.…
The logo of Japanese entertainment and electronics giant Sony is displayed at the company’s headquarters in Tokyo on May 14, 2025.Kazuhiro Nogi | Afp | Getty ImagesSony raised its full-year operating profit forecast Thursday by 4% to 1.33 trillion yen ($9.01 billion), citing a diminished impact from U.S. President Donald Trump’s trade war.In May, Sony forecast a profit of 1.28 trillion yen, factoring in a 100 billion yen hit from the tariffs.The Japanese conglomerate has transformed from a maker of household electronics such as the Walkman to an entertainment behemoth spanning games, movies, music and chips.Sony reported a 36.5% rise in operating profit to…
Pres. Trump and Apple CEO Tim Cook speak in the Oval Office on Apple’s latest manufacturing announcement. Source link
Asia semiconductor-related stocks traded mixed Thursday after U.S. President Donald Trump announced he would impose a 100% tariff on chip imports, with an exemption for companies that are “building in the United States.”Details on how much domestic manufacturing is required to qualify for the exemption remain unclear.Japanese semiconductor manufacturer Tokyo Electron fell over 5% before paring losses to trade 2.9% lower as of 11.20 a.m. Japan time (10.20 p.m. ET Wednesday), data from LSEG showed. Other Japanese chip stocks mirrored the fall. Renesas Electronics declined 4% at the open while Advantest slid 3.3%.However, South Korean chip majors Samsung and SK…
US President Donald Trump speaks with the press as he meets with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025. Jim Watson | AFP | Getty Images India’s set to face a 50% tariff after the White House announced an additional 25% levy on the South Asian country Wednesday over its purchases of Russian oil. That’s now among the highest duties on any of the U.S.’ trading partners.New Delhi responded swiftly in a statement Wednesday, describing the U.S.’ decision to raise tariffs as “unfair, unjustified and unreasonable,” and that…
Pres. Trump and Apple CEO Tim Cook speak in the Oval Office on Apple’s latest manufacturing announcement. Source link
