It seems like we're about to learn where that fine line is between encouraging more auto production to come back to the US — and still making cars/trucks that Americans can afford to buy.
The stock market faced a challenging day as risk sentiment remained under pressure on Wall Street. The S&P 500 experienced a volatile session, hitting its lowest point in over six months before recovering some losses. The S&P ended the day 0.5% higher at 5,611.85. Despite this, the index is on track for its worst month since September 2022, with a 7% decline in March.
Led by big oil giants Chevron and Exxon Mobil, the energy sector has risen +8% year to date compared to the benchmark S&P 500’s broader decline of -6%.
Intel CEO Lip-Bu Tan announced a cultural overhaul aimed at cutting bureaucracy and attracting talent, while signaling support from the Trump administration to help the company strengthen its semiconductor leadership.
Detroit’s ‘Big Three’ are pushing for exemptions on low-cost and labor-intensive parts, such as electrical wiring harnesses, typically sourced from Mexico and other low-wage countries.
Intel’s AI accelerators will initially be available in IBM’s Frankfurt and Washington DC cloud regions, with expansion to Dallas scheduled for the second quarter.
What started as a textbook red screen risk-off session turned into a classic short covering late-day rescue, but don’t be fooled—the macro minefield ahead remains firmly intact.
At Alibaba's historic 2014 IPO, Jack Ma shared his Forrest Gump-inspired philosophy, saying "No matter what happens, you are you," and today, 11 years later, the company has grown into a $319 billion e-commerce and digital services giant.
It was strange, with stocks gapping lower and grinding higher all day. It was hard to say precisely what the driver was, but by day’s end, I can take an educated guess and run down what I think may have happened.
Annualized recurring revenue, a key operating metric, jumped 48% YoY to $836 million, with the growth rate accelerating from the 46% pace in the previous quarter.
The AUD/USD pair plunged to its lowest levels in over three weeks during Monday’s North American session, slipping toward the 0.6230 area as the Australian Dollar (AUD) underperformed across the board.
The Canadian Dollar (CAD) headed lower on Monday, kicking off the new trading week by shedding half of a percent against the US Dollar (USD) as the Trump administration’s April 2 deadline for sweeping tariffs looms ahead.
