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Microsoft Shares Slide as Wedbush Slashes Target on Tariff Fallout...
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Alphabet's $75B Data Center Investment Set to Boost AI and Cloud Growth...
Continue ReadingApple (AAPL) has chartered cargo planes to transport 600 tons of iPhones (equivalent to 1.5 million units) to the United States from India, according to Reuters. Anticipating tariffs, Apple had shifted some production to India and in an attempt to beat tariffs planned for India, Apple hoarded the phones. For perspective, according to the Pennsylvania Department of Transportation, a fully loaded school bus weighs about 20 tons on average, so Apple ferried the equivalent of 30 school buses worth of iPhones out of India...
Continue ReadingBrad Smith and Madison Mills take a closer look at some of the trending tickers in premarket trading. UBS analysts downgrade General Motors (GM) to Neutral from Buy and cut their price target for Tesla (TSLA), while Goldman Sachs downgrades Ford (F) to Neutral from Buy. Nike (NKE) and Lululemon (LULU) fall, retreating from broad tariff pause highs, as investors assess the impact of increased tariffs on imports from China on retailers. CarMax (KMX) pulls its long-term sales forecast, citing macro-level uncertainty. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here...
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Trump's tariffs have the capital markets in shambles...
Continue Reading↘️ U.S. Steel (X): Shares in the steelmaker tumbled roughly 9% Thursday morning, after President Trump reiterated it should remain an American company. U.S. Steel and Japan's Nippon Steel (JP:5401) have been striving to save their $14 billion deal...
Continue ReadingShares of Nvidia, Apple, and Tesla fall Thursday after each stock soared double-digits Wednesday following President Donald Trump’s move to pause most reciprocal tariffs for 90 days. U.S. Steel, meanwhile, slumps after Trump says he wants the steel maker to remain an American company...
Continue ReadingGenerative AI is going to reinvent virtually every customer experience and enable entirely new ones that have only been dreamed about, Amazon.com Chief Executive Andy Jassy said...
Continue ReadingThe EV maker’s shares, along with those of other auto makers, rallied after President Donald Trump’s decision to pause some tariffs. The car industry still faces stiff levies, though...
Continue ReadingGoogle pushes forward with $75B capex for data centers and AI compute as trade pressure on China escalates...
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