Analysts from Bank of America on Friday upgraded American Express stock to a "buy" rating, saying the credit card provider should be resilient through a potential downturn or recession.
Shares of analog chip manufacturer Texas Instruments (NASDAQ:TXN) fell 8.3% in the morning session after China Semiconductor Industry Association issued an emergency directive detailing new methods for verifying the origin of imported chips. According to reports, the location of the wafer fabrication plant would define the origin of imports when tariffs are applied. This meant that companies with manufacturing facilities in the US might be severely affected by the escalating US-China trade tensi
Shares of industrial supplier Fastenal (NASDAQ:FAST) jumped 7% in the afternoon session after the company reported strong first quarter 2025 results which blew past analysts' sales volume expectations. Sales, EBITDA, and EPS were also in line with expectations, which showed the company was executing as expected. Sales growth continued to improve despite broader business activity remaining soft, helped by a bigger base of customers spending more each month. Overall, we think this was a decent qua
NEW YORK (Reuters) -Wild swings in global markets are poised to keep U.S. stock investors on edge in the coming week, as a weakening dollar and a selloff in Treasuries compound extreme equity volatility that erupted after President Donald Trump launched his sweeping tariffs. The S&P 500 was set for solid gains on the week after Trump pulled back on the heftiest tariffs on many countries, relieving Wall Street's worst-case scenario. Concerns about lasting economic damage remained as the U.S. and China ratcheted up their trade battle and questions lingered over levies elsewhere as Trump only paused many of the most severe tariffs.
Democrats are raising alarms about potential insider trading. There's no evidence yet, but lawmakers and Trump advisors have to disclose by mid-May.
DETROIT (Reuters) -GM is temporarily halting production of its electric commercial van at its assembly plant in Ontario due to slow sales, the company and the union representing workers there said. The Detroit automaker is temporarily laying off 1,200 workers at the plant as a result, according to Unifor, the union representing the workers. GM said it was making "operational and employment adjustments to balance inventory and align production schedules with current demand," at the CAMI Assembly plant where it makes Chevrolet BrightDrop electric vans.
President Trump's unpredictable trade policies have pushed stock volatility up to its highest level in years, creating substantial uncertainty and, some say, opportunity on Wall Street.
Cox Automotive, the parent company of Autotrader, reported that more than 13,000 used Teslas were up for sale in the final week of March.
The major U.S. equities indexes edged higher at midday Friday after wavering between losses and gains throughout the morning, as investors digested a slew of bank earnings and China hiked tariffs on U.S. goods.
Masters patrons infamously aren’t allowed to bring cell phones to Augusta National.