A federal trade court ruled President Trump didn’t have the authority to impose sweeping tariffs on virtually every nation, voiding the levies that have sparked a global trade war and threatened to upend the world economy.
The company has launched US employee buyouts and suspended global merit-based pay raises as part of a restructuring plan that includes job cuts, plant closures, and a $7 billion capital raise to manage mounting debt and weak margins.
The bottom-line results would have been $0.96 per share, excluding the charge related to the export curbs for its China-specific H20 chip and its tax impact.
GBP/USD pared further gains on Wednesday, stumbling for a second straight session and easing back below 1.3500 after a failed attempt to recapture 1.3600 earlier this week.
Gene Munster urged investors to focus on Nvidia's booming AI business, calling it "on fire," while Ross Gerber criticized Trump-era China policies for damaging the chipmaker's growth in that key market.
Economist and market commentator Peter Schiff slammed Vice President JD Vance’s support for Bitcoin (CRYPTO: BTC) at an ongoing cryptocurrency conference Wednesday.
U.S. stock futures are rallying Wednesday evening after a Federal Court ruled that President Donald Trump overstepped his authority with the "Liberation Day" tariffs imposed at the beginning of April.
Moving and storage solutions provider U-Haul (NYSE:UHAL) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 12.5% year on year to $1.23 billion. Its GAAP loss of $0.41 per share was significantly below analysts’ consensus estimates.
We discuss the growing global pressures in bond markets, especially rising yields in countries like Japan and the UK, and how these shifts could spark volatility in U.S. equities by mid-June.
A U.S. federal trade court ruled that Trump exceeded his authority by imposing sweeping global tariffs under emergency powers, declaring the measures unlawful.
ARK Invest, led by Cathie Wood, made significant trades involving Tesla and Tempus AI amid insider sales and short seller scrutiny. $5.6 million in Tesla shares sold, $13.36 million in Tempus AI shares bought on Wednesday May 28, 2025.
It was somewhat of a quiet day in the precious metals markets on Wednesday, with the gold futures down $2.30 to $3,326, while the silver futures are down 15 cents at $33.15.
Stocks finished the day lower as implied volatility surged ahead of Nvidia’s earnings. The VIX 1-day jumped to roughly 19.5, significantly higher than yesterday’s level of 13.
