Intel is slated to report quarterly earnings after markets close on Thursday in its first report since CEO Lip-Bu Tan took the helm of the beleaguered chipmaker. Traders expect the stock to move notably a day later.
(Bloomberg) -- Chinese investors sold a near-record amount of Hong Kong stocks on Wednesday, reducing holdings after hopes of easing in trade tension spurred a relief rally. Most Read from BloombergTrump Gives New York ‘One Last Chance’ to End Congestion FeeDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusThe Racial Wealth Gap Is Not Just About MoneyBackyard Micro-Flats Aim to Ease South Africa’s Housing CrisisA Car Guy Makes a Left TurnThey offloaded shares worth HK$18.1 bill
Global stock markets experienced a relief rally after US Treasury Secretary Scott Bessent indicated that high tariffs were not unsustainable, raising hopes for a de-escalation in the US–China trade war. President Trump confirmed the stance and signalled that tariffs on China would be cut.View on euronews
Nissan Motor will invest an additional $1.4 billion in China, where it believes it is on track to reverse a punishing slide in sales with the launch of some 10 new vehicles in the coming years, its China chief said on Wednesday. "We have been sort of slow in approaching the market with China moving so fast," said Stephen Ma, who shifted from Nissan’s chief financial officer to take charge of its China operations at the start of the year. Nissan sold fewer than 700,000 vehicles in China in 2024, less than half of what it sold just four years earlier.
TOKYO (Reuters) -Japanese banks need to watch out various risks as the volatility in global financial markets has increased due to uncertainties over trade policies, the Bank of Japan said on Wednesday. "Japan's financial system has been maintaining stability on the whole," the BOJ said in its report on the financial system. "However, since the beginning of April, financial markets at home and abroad have fluctuated significantly," it said, citing uncertainty over trade, other economic policies and geopolitical risks.
(Reuters) -Truck maker Volvo reported a bigger-than-expected fall in first-quarter profit on Wednesday and lowered its North America lorry market outlook, pointing to increased uncertainty around tariffs and their impact on global trade. The Swedish group said it now sees the North American heavy truck market at 275,000 new vehicles this year. Volvo repeated a market outlook for 290,000 new heavy trucks in Europe, adding however that current market conditions meant forecasts were subject to significant uncertainty.
Used automotive vehicle retailer Carmax (NYSE:KMX) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 6.7% year on year to $6 billion. Its non-GAAP profit of $0.60 per share was 8.6% below analysts’ consensus estimates.
Tesla shares jumped more than 5% in extended trading on Tuesday as CEO Elon Musk’s comments during the EV maker’s earnings call overshadowed quarterly results that came in well below Wall Street expectations. Monitor these key chart levels.
Fartcoin, a meme token built on the Solana blockchain, has surged past Bonk to become the second-largest meme coin on the network.
SYDNEY (Reuters) -Stock markets were enjoying a much-needed relief rally in Asia on Wednesday after U.S. President Donald Trump said he had no plans to fire the head of the Federal Reserve, and hinted at lower tariffs for China. The dollar jumped sharply across the board after Trump walked back the threats to dismiss Fed Chair Jerome Powell that had badly shaken investor confidence in U.S. assets, although those gains faded somewhat as the day progressed. Trump also reiterated he wanted to do a deal with China where tariffs would not be anywhere near 145%, adding that he would set the terms of a deal if Beijing did not enter talks.