Trade war woes: Boeing stock sinks after China reportedly blocks plane deliveries
The stock fell as much as 3% as Bloomberg reported China halted all purchases of US aircraft.
The stock fell as much as 3% as Bloomberg reported China halted all purchases of US aircraft.
United Airlines reported it swung to a profit in the first quarter as revenue hit a record high, sending shares surging in extended trading Tuesday.
The S&P 500 slipped 0.2% on Tuesday, April 15, amid a relative lull in market-moving global trade developments.
Airline company United Airlines Holdings (NASDAQ:UAL) reported Q1 CY2025 results exceeding the market’s revenue expectations, with sales up 5.4% year on year to $13.21 billion. Its non-GAAP profit of $0.91 per share was 23.8% above analysts’ consensus estimates.
The current tariff reprieve in the tech sector is likely temporary, said Eric Compton, director of equity research for the sector at Morningstar.
Bank of America analysts gave the snack and beverage giant a 'neutral' rating Tuesday and slashed their price target.
Apple (NASDAQ:AAPL): iPhone and iPad maker Apple (NASDAQ:AAPL) rose by 6.5% on Monday after reports indicated that smartphones, computers, and a wide range of tech devices and components would be exempt from the reciprocal tariffs on U.S. imports announced on April 2, 2025. See our full article here.
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Hewlett Packard Enterprise shares surged Tuesday following reports activist investor Elliott Investment Management built a $1.5 billion stake in the server maker.
When Brazil hiked trade barriers in its auto market over a decade ago, the government promised more local manufacturing, reliable jobs and better cars. As the U.S. auto industry confronts major tariffs imposed by President Donald Trump, executives and analysts are drawing parallels with Brazil, once the world's fourth-largest auto market and now a case study in the dangers of protectionism. Philipp Schiemer, former head of Mercedes-Benz in Brazil and Latin America, learned some of those lessons the hard way as he opened a plant in Sao Paulo making luxury cars, which was shut down in 2020.