archive% tariff

Some of emerging Asia’s biggest central banks look to be dialling back their interventions in the currency market.The central banks of India and Malaysia have reduced the size of some derivatives positions they use to weaken their currencies. Taiwan has allowed its currency to surge against the US dollar in recent weeks and dropped hints it would be comfortable with more if the moves were “orderly”. South Korea’s giant national pension fund has ended its five-month support of the won.A major reason for these moves is a simple change in...

Newsmax (NMAX) Shares in conservative media group Newsmax dropped 10.4% after hours Thursday resulting in a drop of over 75% since the company went public in March. Despite growing viewership Newsmax has faced a number of problems and is currently still engaged in a lawsuit with Dominion Voting Systems over "false claims" spread by the news source after the 2020 election. An overly ambitious IPO valuation combined with weak financial returns have continued to crater stock value. Ulta Beauty (ULTA) Ulta Beauty stock jumped up 8.3% in extended trading after...

US stock futures jumped Monday night following President Trump's decision to delay a broad 50% tariff on all EU products from June to July to allow time for negotiations. Futures tied to the Dow Jones Industrial Average (YM=F) rose 0.9%, with S&P 500 contracts (ES=F) flying up 1.1%. Futures for the tech-heavy Nasdaq 100 (NQ=F) surged 1.3%. The jumps followed Trump’s Sunday announcement that he would postpone a 50% tariff on EU imports until July 9. The move came after a request from European Commission President Ursula von der Leyen,...

Home prices rose again in February as limited supply continued to prop up the market amid high mortgage rates and affordability challenges. The S&P CoreLogic Case-Shiller National Home Price Index rose 0.3% over the prior month in February on a seasonally adjusted basis, easing from the 0.5% monthly gain recorded in January. On an annual basis, prices nationally increased 3.9%, less than the 4.1% seen in January. The index tracking home prices in the 20 largest US cities rose 0.4% in February from January, matching the monthly Bloomberg consensus estimate....

US stocks edged lower on Friday after China hit the US with a retaliatory tariff hike but signaled it won't hike duties any further. The S&P 500 (^GSPC) fell 0.2%, and the tech-heavy Nasdaq (^IXIC) dropped below the flatline. The Dow Jones Industrial Average (^DJI) dropped 0.2%. China said Friday it will raise duties on imports of US goods to 125%, compared with the 84% previously planned, effective Saturday. The move is in direct response to President Trump's ballooning "reciprocal" tariffs on China, the commerce ministry said, but it also...

US stocks swung back to gains before the bell on Friday, eyeing a comeback bid after China hit the US with a retaliatory tariff hike but signaled it won't hike duties any further. Futures tied to the S&P 500 (ES=F) rose 0.6%, and the tech-heavy Nasdaq (NQ=F) was up 0.7%. Dow Jones Industrial Average futures (YM=F) advanced 0.5%, having seesawed above and below the flat line in the bumpy premarket going. China said Friday it will raise duties on imports of US goods to 125%, compared with the 84% previously...

US stock futures pointed toward further gains in Thursday's session after the major indexes staged a historic rally as President Trump paused many of his largest tariff hikes on trading partners. Futures tied to the S&P 500 (ES=F) were up 0.3%, while those on the tech-heavy Nasdaq (NQ=F) rose 0.1%. Dow Jones Industrial Average futures (YM=F) rose 0.4%. Stocks are coming one of their biggest one-day rallies since World War II. The benchmark S&P 500 (^GSPC) had its best day since 2008, gaining 9.5%. The Dow (^DJI) rallied nearly 3,000...

US stock futures pointed toward losses in Thursday's session after the major indexes staged a historic rally as President Trump paused many of his largest tariff hikes on trading partners. Futures tied to the S&P 500 (ES=F) were down 0.3%, while those on the tech-heavy Nasdaq (NQ=F) fell 0.8%. Dow Jones Industrial Average futures (YM=F) slipped 0.1%. Stocks are coming one of their biggest one-day rallies since World War II. The benchmark S&P 500 (^GSPC) had its best day since 2008, gaining 9.5%. The Dow (^DJI) rallied nearly 3,000 points....