Tariff turmoil prompts cloudy forecasts from General Motors, Harley-Davidson for the year ahead

NEW YORK — Uncertainty continues to hang over the latest round of financial results and forecasts for companies both big and small as they try to navigate a global trade system severely shaken by a shift in U.S. policy. Roughly half of the companies in the S&P 500 have reported their latest quarterly financial results, […]

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Tariff turmoil prompts cloudy forecasts from companies for the year ahead

NEW YORK — Uncertainty continues to hang over the latest round of financial results and forecasts for companies both big and small as they try to navigate a global trade system severely shaken by a shift in U.S. policy. Tariffs and the stark shift in policy has also shaken consumer and business confidence. The U.S. […]

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Shares of GM and other automakers slump following Trump tariffs, with Tesla the exception

NEW YORK — Shares of major automakers slumped following President Donald Trump’s announcement that he will place 25% tariffs on auto imports. Automakers have spread out their supply chains and production facilities throughout North America. Parts and production steps often cross one or more borders during the process. That means it will cost the major […]

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GameStop slumps as its plan to sell debt to fund bitcoin purchases raises questions

GameStop shares sunk Thursday after its plan to sell debt in an effort to fund purchases of bitcoin raised some questions on Wall Street. The video game retailer announced a private offering of $1.3 billion in debt. The company said earlier this week that it plans to purchase bitcoin as a reserve asset. It will […]

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Copper prices have soared as the US threatens tariffs on the metal and China boosts its economy

NEW YORK — Copper prices have hit record highs as an ongoing trade war between the U.S. and its key trading partners threatens to squeeze supplies of the vital metal. Buyers in the U.S. have been stocking up on copper ahead of potential tariffs. Future prices for the base metal hit $5.21 per pound on […]

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Wall Street’s losing streak deepens as Trump’s tariffs kick in

NEW YORK — Stocks tumbled on Wall Street Tuesday as a trade war between the U.S. and its key trading partners escalated, wiping out all the gains for the S&P 500 since Election Day. The tariffs between the U.S., China, Canada, and Mexico helped extend a recent slump for U.S. stocks that was prompted by […]

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Trump trade conflict casts shadow over access to vital elements needed by technology sector

NEW YORK — Lithium and other elements that the U.S. needs for vital defense, energy and other applications could become harder to obtain if the Trump administration goes ahead with tariffs and other protectionist policies aimed at China. China refines more than 90% of the global supply of so-called “rare earth elements,” which include neodymium […]

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Stocks from automakers to retailers feel pressure from tariff threats

NEW YORK — Companies in a wide range of industries are seeing their stocks come under pressure Monday on Wall Street because of tariff threats from President Donald Trump. Automakers, technology companies and retailers all fell as the U.S., Mexico, Canada and China wrangled over tariffs. Trump said over the weekend that 25% tariffs on […]

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Wall Street expects airlines to climb higher in 2025 amid solid passenger demand

NEW YORK — Airlines expect a strong tailwind from travel demand in 2025, even as the industry faces a capacity crunch. United Airlines, Delta Air Lines and several other U.S.-based carriers have all given investors strong forecasts for the year. Wall Street expects major airlines to increase revenue and profit in 2025. Lower jet fuel […]

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Uncertainty over Trump’s electric vehicle policies clouds 2025 forecast for carmakers

NEW YORK — Electric vehicle demand is expected to keep rising this year, but uncertainty over policy changes and tariffs is clouding the forecast. S&P Global Mobility expects global sales of 15.1 million battery electric vehicles in 2025, which would mark a 30% jump. Battery electric vehicles are expected to make up 16.7% of the […]

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