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Polestar warns of tariff impact after discounts boost quarterly sales
By Zaheer Kachwala April 10 (Reuters) - Swedish electric-vehicle maker Polestar PSNY.O plans to move more manufacturing to Europe as U.S. tariffs and the global trade war spell trouble for the automotive industry, CEO Michael Lohscheller said on Thursday. It also reported a 76% jump in first-quar...Reuters
Thu, Apr 10
Why Boeing Stock Lost Ground Today
Boeing (NYSE: BA) stock continued its recent turbulent ride with a decline Thursday morning: As of 12:30 p.m., it was off by 6.4% as the broader stock market reassessed the case for optimism after Wednesday's tariff-pause rebound.Boeing and tariffsWednesday's news needs to be put into context. Presi...The Motley Fool
Thu, Apr 10
Capri shares reverse course to fall after Prada's $1.4 billion deal for Versace
** Shares of Michael Kors-parent Capri Holdings CPRI.N reverse premarket gains to fall as much as 12.9% to $14.25 in afternoon trading ** Prada 1913.F says it will buy Versace from Capri in a deal valuing the iconic brand at $1.38 billion** The deal is at a discount to roughly $2.15 billion includin...Reuters
Thu, Apr 10
CarMax boosts newer pre-owned car inventory as tariffs impact buying trends
By Nathan Gomes April 10 (Reuters) - CarMax KMX.N is expanding its inventory of newer pre-owned vehicles, as U.S. President Donald Trump's latest tariffs on new car imports are expected to significantly boost demand for more affordable options.The company said it was prioritizing inventory in...Reuters
Thu, Apr 10
LIVE MARKETS-US economy more like an emerging market -Loomis Sayles portfolio manager
Main US indexes pare losses some; Nasdaq off most, now down ~5%All S&P 500 sectors red; Energy, off >6%, weakest groupDollar slides ~1.8%; crude, bitcoin down >4%; gold up >2US 10-Year Treasury yield falls to ~4.34% Welcome to the home for real-time coverage of markets brought to you by...Reuters
Thu, Apr 10
GLOBAL MARKETS-US stocks, dollar fall on lingering tariff worries, day after relief rally
US stocks, dollar fall further in afternoon tradingEurope, Asia stocks end higher after Trump pauses most tariffsBond market rout stabilizesBy Caroline Valetkevitch NEW YORK, April 10 (Reuters) - Major stock indexes extended sharp declines and the dollar weakened further in midday Thursday tradin...Reuters
Thu, Apr 10
US airline stocks down after rallying on Trump's tariff pause
** Shares of some U.S. airline cos fall after rallying on Wednesday on President Donald Trump's 90-day pause on tariff plan** American Airlines AAL.O down 13%, United Airlines UAL.O down 11%, JetBlue JBLU.O down 13%, Southwest Airlines LUV.N down 10%** Delta Air Lines DAL.N down 11%; at least th...Reuters
Thu, Apr 10
Why Lovesac Stock Is Jumping Today
Shares of innovative modular furniture maker Loveac (NASDAQ: LOVE) were up 6.5% as of 12:45 p.m. ET on Thursday. Lovesac reported fourth-quarter earnings Thursday morning that far surpassed analysts' expectations for sales and net income.This performance, paired with a 90-day pause on most of the t...The Motley Fool
Thu, Apr 10
British stocks mark strongest session in three-years after Trump's tariff reversal
BoE's Breeden says interest rate implications from US tariffs unclearAll FTSE 350 sub-sectors traded higherTesco warns profit to fall as it prepares for price warFTSE 100 up 3%, FTSE 250 up 3.5% April 10 (Reuters) - British stocks closed higher on Thursday, after U.S. President Donald Trump d...Reuters
Thu, Apr 10
US Steel, Nippon Steel working closely with Trump administration, statement says
WASHINGTON, April 10 (Reuters) - U.S. Steel and Nippon Steel 5401.T are working closely with the Trump administration "to secure a significant investment," U.S. Steel X.N said on Thursday, after remarks from President Donald Trump dimmed hopes for a greenlight of the companies' long-soug...Reuters
Thu, Apr 10
US STOCKS-Selloff accelerates on Wall Street as traders weigh tariff risks
Indexes down: Dow 4.61%, S&P 500 5.45%, Nasdaq 6.48%CarMax falls as Q4 profit misses estimatesMarch CPI at 2.4% YoY vs 2.6% estimateBy Shashwat Chauhan and Purvi Agarwal April 10 (Reuters) - Wall Street's main indexes tumbled on Thursday on concerns over the impact of high U.S. tariff...Reuters
Thu, Apr 10
Why Intel Stock Is Plummeting Today
Shares of Intel (NASDAQ: INTC) are falling on Thursday. The chipmaker's stock had lost 8.7% as of 12:20 p.m. ET. The drop comes as the S&P 500 and Nasdaq Composite both lost more than 5%.Intel's stock is feeling pressure from the ongoing trade war with China as well as a Reuters report today that re...The Motley Fool
Thu, Apr 10
MS upgrades Carnival, prefers Royal Caribbean amid recession risks, demand drop
Investing.com -- Morgan Stanley flagged the weakest U.S. cruise demand in three years following fresh channel checks, prompting earnings and price target cuts across the sector. The brokerage CarnivalInvesting.com
Thu, Apr 10
QUOTES-Wall Street turns sharply lower as markets' tariff chaos continues
April 10 (Reuters) - Wall Street's main indexes fell hard again on Thursday on concerns over the impact of high tariffs on the global economy, marking a U-turn from the previous session's historic share gains when U.S. President Donald Trump moved to temporarily lower the levies on some coun...Reuters
Thu, Apr 10
European shares notch best day in over three years after Trump's tariff pause
Tesco warns of profit fall, shares drop EU suspends tariff countermeasures Euro zone volatility index remains high Barry Callebaut shares plummet amid cocoa price volatilityBy Sukriti Gupta, Medha Singh and Lisa Pauline Mattackal April 10 (Reuters) - European shares jumped on Thursday, with most ...Reuters
Thu, Apr 10
Novavax tumbles as Kennedy raises questions over COVID vaccine
** Shares of vaccine maker Novavax NVAX.O fall 23.3% to $5.18, following comments by Health Secretary Robert F. Kennedy Jr. about the company's COVID-19 vaccine in an interview with CBS ** Kennedy, in response to whether the the FDA delay in traditional approval of the vaccine was due to reshuff...Reuters
Thu, Apr 10
US STOCKS SNAPSHOT-S&P 500 plunges 5% as tariff worries return to fore
April 10 (Reuters) - Wall Street's main indexes extended declines in afternoon trading on Thursday, with the benchmark S&P 500 plunging more than 5% as investor concerns about the economic damage from U.S. tariff policies returned to the fore.Stocks shot higher on Wednesday after U.S. Presid...Reuters
Thu, Apr 10
Why U.S. Steel Stock Slumped Today
In the middle of a trade war, with tariff threats flying fast and furious, you might expect a big commodity company like United States Steel (NYSE: X) to suffer serious damage.But it hasn't. Being part of an industry that tariffs are intended to protect has insulated the company from the worst of th...The Motley Fool
Thu, Apr 10
Crypto stocks track bitcoin decline as markets slump
** Cryptocurrency and blockchain-related stocks drop on Thurs as Wall Street selloff resumes** Bitcoin BTC=, world's biggest cryptocurrency, down 5.6% to $78,612, while Ether ETH= falling 11% to $1,490** Major stock indexes falling sharply on Thurs following an epic relief rally on Weds after Tr...Reuters
Thu, Apr 10
