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S&P 500 Cuts Most of Its Losses on Tariff Hopes: Markets Wrap
  • February 3, 2025

S&P 500 Cuts Most of Its Losses on Tariff Hopes: Markets Wrap

(Bloomberg) -- Wall Street traders trying to catch up on every new headline around President Donald Trump’s tariff negotiations were faced with a renewed bout of volatility across asset classes.Most Read from BloombergNew York’s First ‘Passive House’ School Is a Model of Downtown DensityState Farm Seeks Emergency California Rate Hike After LA FiresWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHistoric London Elevator Faces Last

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PIMCO focuses on Trump's market-tuned policy tweaks amid inflation risks
  • February 3, 2025

PIMCO focuses on Trump's market-tuned policy tweaks amid inflation risks

U.S. President Donald Trump's willingness to calibrate economic policies based on market signals will be key for U.S. inflation and growth prospects, PIMCO's Chief Investment Officer Dan Ivascyn said on Monday, after tariffs on U.S. trade partners roiled markets. Investors on Monday scrambled to make sense of escalating trade tensions after Trump announced broad tariffs on Mexico, Canada, and China over the weekend.

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Wall Street closes down, pares losses after Trump delays Mexico tariffs
  • February 3, 2025

Wall Street closes down, pares losses after Trump delays Mexico tariffs

(Reuters) -The major stock indexes closed lower on Monday, but partly recovered from initial steeper losses as U.S. President Donald Trump delayed tariffs on Mexico after his orders to levy tariffs on three countries sparked a global scramble to safe-haven assets earlier in the day. Trump said he has paused planned tariffs on Mexico for one month after the nation agreed to reinforce its northern border with 10,000 National Guard members to stem the flow of illegal drugs, particularly fentanyl. Over the weekend, Trump had announced hefty new tariffs of 25% on imports from Mexico and Canada, and 10% on China - which he said may cause short-term pain for Americans.

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NXP Semiconductors (NASDAQ:NXPI) Reports Q4 In Line With Expectations But Quarterly Revenue Guidance Misses Expectations
  • February 3, 2025

NXP Semiconductors (NASDAQ:NXPI) Reports Q4 In Line With Expectations But Quarterly Revenue Guidance Misses Expectations

Chip manufacturer NXP Semiconductors (NASDAQ: NXPI) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 9.1% year on year to $3.11 billion. On the other hand, next quarter’s revenue guidance of $2.83 billion was less impressive, coming in 1.5% below analysts’ estimates. Its non-GAAP profit of $3.18 per share was 1.7% above analysts’ consensus estimates.

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