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LIVE MARKETS-Glitch or trend? New home sales jump unexpectedly in April
Main US stock indexes down, but off lows; Nasdaq off ~1%All 11 S&P sectors red: Tech, Cons Disc weakest groupsEuro STOXX 600 index falls ~1%Dollar down ~0.6%; bitcoin off ~1%; crude up ~1%; gold up >1.5% US 10-Year Treasury yield dips to ~4.52%Welcome to the home for real-time coverage of mar...Reuters
Fri, May 23
QUOTES-Reaction to Trump's threat of 50% tariffs on EU goods
LONDON, May 23 (Reuters) - U.S. President Donald Trump threatened once again on Friday to ramp up his trade war, recommending a 50% tariff on European Union goods starting June 1 and warning Apple AAPL.O he may impose a 25% tariff on any iPhones manufactured outside the U.S. Here is some reaction...Reuters
Fri, May 23
BREAKINGVIEWS-Soaring beef costs invite appetizing fowl play
By Sebastian Pellejero NEW YORK, May 23 (Reuters Breakingviews) - U.S. beef is getting seared. Cattle herds shrank to the smallest they have been since the Truman administration, pushing prices higher ahead of Memorial Day barbeques and the summer grilling season. Burger and steak restaurants ar...Reuters
Fri, May 23
Global equity funds post their biggest weekly outflow in six weeks
May 23 (Reuters) - Global equity funds have seen weekly outflows for the first time in six weeks, pressured by rising U.S. Treasury yields and mounting concerns over the U.S. debt burden and tax-cut legislation, following Moody’s downgrade of the U.S. sovereign credit rating. According to LSEG Lippe...Reuters
Fri, May 23
Workday falls after Q2 subscription revenue forecast disappoints
** Shares of human resources software provider Workday WDAY.O fall 11.6% to $240.53** WDAY late on Thursday forecast Q2 subscription revenue of $2.16 billion, in line with analysts' estimate, according to data compiled by LSEG ** "What drove down the stock, we believe, was that investors wer...Reuters
Fri, May 23
Billionaire Investor Bill Ackman Just Bought a New Stock and It's My No. 1 Position
In this video, I will talk about billionaire investor Bill Ackman's new position in the Pershing Square Capital Management portfolio. Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of May 22, 2025. The vi...The Motley Fool
Fri, May 23
European automakers pare some losses after falling on Trump's 50% tariff proposal
** Shares of European automakers pare some losses, following a sharp drop of over 5% for most, after U.S. President Donald Trump said he is recommending a straight 50% tariff on goods from the EU starting on June 1** By 1425 GMT, shares of Italy's Ferrari RACE.MI are down 3.8%, Stellantis STLAM....Reuters
Fri, May 23
INSTANT VIEW-Markets fall as Trump recommends 50% tariff on EU, targets Apple
LONDON/NEW YORK, May 23 (Reuters) - U.S. President Donald Trump cranked up his trade threats on Friday, targeting both smartphone giant Apple AAPL.O along with imports from the entire European Union, roiling global markets. Trump threatened to impose a 25% tariff on Apple for any iPhone...Reuters
Fri, May 23
Ross Stores plunges after pulling annual forecasts on tariff hit
** Shares of discount store operator Ross Stores ROST.O slump as much as 14.4% to $130.40 in early trading** Co withdrew its annual forecasts on Thursday after markets closed, warning of a hit from tariffs to its profitability this year** Stock set for its worst day since May 2022** Co expects Q2 EP...Reuters
Fri, May 23
Intuit gains on strong earnings forecasts
** Shares of TurboTax-maker Intuit INTU.O rise 8.5% to $722.79 in morning trading** At least 17 brokerages raise PT on INTU after co raises FY25 forecast and projects strong Q4 revenue, profit** Average rating of 32 brokerages covering INTU is "buy" and median PT now at $785 vs $720 last mon...Reuters
Fri, May 23
Cathie Wood Goes Bargain Hunting: 2 Stocks She Just Bought
Some investors may be checking out heading into the holiday weekend, but that's not Cathie Wood's style. The founder and CEO of Ark Invest and stock picker for its growth-geared exchange-traded funds always keeps busy. She announces her trades at the end of every market day. And she bought a couple ...The Motley Fool
Fri, May 23
US STOCKS-Wall St slumps about 1% after Trump threatens EU, Apple with fresh tariffs
Indexes down: Dow 0.94%, S&P 500 1.18%, Nasdaq 1.53%Trump announces 25% tariffs on iPhones not made in USWall Street's 'fear gauge' spikes to over two-week highIntuit at all-time high after upbeat quarterly forecastsBy Shashwat Chauhan and Kanchana Chakravarty May 23 (Reuters) - ...Reuters
Fri, May 23
LIVE MARKETS-Why we can't have nice things: Fresh Trump tariff tantrum sends stocks tumbling
All 3 major U.S. stock indexes off; Nasdaq down mostAll 11 S&P sectors red: Tech, Cons Disc weakest groupsEuro STOXX 600 index falls >1.2%Dollar down; bitcoin down >1%; crude slips; gold up ~1.5% US 10-Year Treasury yield falls to ~4.51%Welcome to the home for real-time coverage of markets...Reuters
Fri, May 23
Why Booz Allen Hamilton Is Down Today
Government IT specialist Booz Allen Hamilton (NYSE: BAH) reported earnings that matched expectations, but the weight of federal belt-tightening appears to be taking its toll.Shares of Booz Allen Hamilton traded down 17% as of 9:45 a.m. ET after the company set a cautious tone for the year to come.Wh...The Motley Fool
Fri, May 23
Bessent says Trump tariff threat may light a fire under EU in trade talks
BANFF, Alberta, May 23 (Reuters) - Treasury Secretary Scott Bessent said on Friday that President Donald Trump does not believe that the European Union's trade offers to the United States are of sufficient quality and that he hopes that a June 1 50% tariff threat will "light a fire under the...Reuters
Fri, May 23
Is the Vanguard Russell 2000 Index Fund ETF a Buy Now?
The Russell 2000 is supposed to outperform in bull markets, but that hasn't been the case recently. Since the start of 2023, the Vanguard Russell 2000 Index Fund (NASDAQ: VTWO) -- an exchange-traded fund (ETF) -- is up just 19% compared to a 55% gain for the S&P 500. The small-cap index tends to out...The Motley Fool
Fri, May 23
REFILE-Trump's tariffs hit European luxury industry, shares tank
PARIS, May 23 (Reuters) - European luxury shares tanked on Friday as U.S. President Donald Trump said he is recommending a straight 50% tariff on goods from the European Union starting on June 1.Europe's luxury industry, producing handbags, shoes, fashion items and champagne among other prized g...Reuters
Fri, May 23
CANADA STOCKS-TSX opens lower as Trump reignites tariff worries
May 23 (Reuters) - Canada's main stock index opened lower on Friday, tracking global peers, amid renewed trade tensions sparked by U.S. President Donald Trump's recommendation of 50% tariffs on European Union imports.At 9:31 a.m. ET (1331 GMT), the Toronto Stock Exchange's S&P/TSX co...Reuters
Fri, May 23
