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Kyndryl Holdings (NYSE: KD) is the target of a report from a short-seller that accuses the IT infrastructure company of manipulating financial metrics. Investors are heading for the exits, sending shares of Kyndryl down as much as 15% on Thursday morning and 11% as of 12:00 p.m. ET. Kyndryl is a data center business that was spun out of IBM in 2021...
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President Donald Trump‘s announcement of a 25% tariff on auto imports has sparked widespread concern among economists and market analysts, with many warning of potential severe economic consequences. What Happened: The tariffs, set to take effect on .....
Continue Reading(Bloomberg) -- As shares of Elon Musk’s Tesla Inc. rally on Thursday, the jump in the size of the company dwarfed the decline in the value of its US rivals as the stocks responded to President Donald Trump’s latest tariff announcements. Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Fac...
Continue ReadingShares of Tesla (NASDAQ: TSLA) are surging on Thursday. The electric-vehicle (EV) maker's stock gained 5.2% as of 11:40 a.m. ET and was up as much as 7.3% earlier in the day. The jump comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) showed modest gains...
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(Corrects effective date of auto tariffs to April 3 in the third paragraph.) US equity indexes de...
Continue ReadingSir Jim Ratcliffe’s car maker Ineos Automotive has accused the European Union of “sitting on their hands” before Donald Trump ramped up his global tariff war...
Continue ReadingConsumer stocks rose Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) incr...
Continue ReadingMore than three decades ago, Apple Inc. (NASDAQ:AAPL) co-founder Steve Jobs sounded the alarm about America’s growing reliance on foreign-made technology components—an issue that's back in the spotlight as President Donald Trump renews his criticism of U.S. dependence on overseas manufacturing. What Happened: In a 1991 interview, Jobs stated his concerns about the American tech industry losing control over critical hardware components, even as final assembly remained in the U.S. "Even though mos...
Continue ReadingAnywhere from 20% to 25% of a Tesla’s value in dollar terms originates from components sourced in Mexico, according to official U.S. data...
Continue ReadingOn Wednesday, the Trump administration confirmed a sweeping 25% tariff on all imported completed vehicles and certain auto parts not made in the United States, effective April 2, 2025. This move is seen by Deutsche Bank as a permanent policy aimed at incentivizing the reshoring of automotive production to the US, rather than a temporary negotiating tactic. The analyst then offered an overview of the impact on the auto industry, projecting Tesla Inc (NASDAQ:TSLA) and Ford Motor Company (NYSE:F) as the least impacted among original equipment manufacturers (OEMs) due to their significant US assembly operations...
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