A trader works during the closing bell on the floor of the New York Stock Exchange on April 10, 2025.Jeenah Moon | Reuters Remember when inflation readings were the headline news of the day, and were as feverishly anticipated by investors as Nvidia earnings reports? CNBC Daily Open remembers. If Thursday’s consumer price index report, which showed prices actually dipping month on month and core inflation dropping to the lowest since 2021, had been released prior to the tariff chaos unleashed by U.S. President Donald Trump, stocks would probably have shot up.Instead, the U.S. stock market fell Thursday, as the…
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UBS sees an uncertain future ahead for General Motors as global trade uncertainty mounts. The bank downgraded the automaker to neutral from buy. Analyst Joseph Spak lowered his price target to $51 from $64, implying 11% upside. “Our estimates are reduced to consider the impact of tariffs on the cost structure as well as the impact to auto demand,” the analyst wrote. A 25% U.S. tariff on “all cars that are not made in the United States” took effect this month. Trade tensions between the U.S. and China have also increased. President Donald Trump hiked tariffs on Chinese imports to…
CNBC’s Phil LeBeau talks impact of tariff policy on automakers. Source link
A ship carrying liquefied natural gas (LNG) is towed out of the Port of Rotterdam on January 13, 2025 in Rotterdam, Netherlands.Pierre Crom | Getty ImagesPresident Donald Trump has opened a potential pathway for trade partners to avoid higher tariffs — buy more energy from the U.S.Trump paused “reciprocal” tariffs on countries except China on Wednesday in an attempt to pull back from a full-blown global trade war. Most nations now face a base tariff rate of 10% and have a three-month period to negotiate bilateral deals with the U.S. to avoid higher duties on their goods.Trump says he wants…
PHOENIX — Picking a defining Kevin Durant highlight from his two-plus seasons with the Phoenix Suns isn’t easy. There’s much from which to choose.In January 2024, he hit a winning jumper against the Chicago Bulls, hanging in the air like Michael Jordan. In February, he scored his 30,000th career point, a milestone only seven other NBA players have reached. Last month, he scored 19 fourth-quarter points to complete a rally against the Los Angeles Clippers.Durant has scored 3,887 points in 145 regular-season games for the Suns, never losing his legendary scoring touch, even as he aged. If he had a…
Solihull, a market town in England’s West Midlands, is home to one of Britain’s largest car factories, run by the luxury carmaker Jaguar Land Rover.The factory, a collection of low-slung gray buildings spread over 300 acres, does not tower physically over Solihull. But its influence here is vast. Nine thousand people work directly for Jaguar Land Rover, known as JLR, while many more are employed by its contractors.So President Trump’s introduction of a 25 percent tariff on imported cars — which remains in place despite the pause on steep so-called “reciprocal” tariffs announced on Wednesday — has caused anxiety in…
Morgan Stanley sees a bright future ahead for AppLovin . Analyst Matthew Cost upgraded the mobile ad company to overweight from equal weight. He cut his price target to $350 from $470, but that still implies shares can rise 27%. AppLovin has tumbled 16% this year after a whopping 712% surge in 2024. The stock has been pressured by broader market declines as well as short sellers targeting it . APP 1Y mountain APP 1Y chart But Cost is optimistic going forward, citing the company’s history of outperformance in the in-app advertising market. He now sees an attractive entry point…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyCarter Worth, Worth Charting, joins ‘Fast Money’ with the technical analysis of a wild market week and what to expect from next week’s earnings.02:514 hours ago Source link
BCA Research is again sounding the recession alarm, warning traders to refrain from cheering this week’s tariff pause as the rate of the U.S. levies remains significantly higher compared with historical levels. This trading week was one of the most volatile on record. After a series of on-and-off again tariff announcements, President Donald Trump declared a three-month pause on his “reciprocal” tariffs on several countries, while simultaneously hiking those on China. Stocks immediately popped and notched historic gains on Wednesday, but lingering concerns dragged the market down once again on Thursday. The week ended on a high note as traders cheered the White…
The Athletic has live coverage of the 2025 Masters Tournament. Golf Channel TV analyst Brandel Chamblee was on a Barstool Sports’ golf podcast earlier this week, and there is a fascinating clip where Chamblee reviews the words or phrases that TV broadcasters are given guidance on not to utter when covering the Masters. They are replaced with more hifalutin expressions that are more on-brand for the event and its organizers at Augusta National.Here’s the clip: Broadcasters aren’t allowed to say “fan”, “driving range”, “back nine” & more on air at The Masters @ForePlayPod pic.twitter.com/czicE7LE24 — Barstool Sports (@barstoolsports) April 8, 2025It…
