The JV was encouraged by members of the Trump administration and is part of the broader 'America First' effort to revive the U.S. chipmaking sector after decades of decay.
We knew the markets probably weren’t going to respond well to the tariffs, but the breadth and depth of them provoked a virtual instant selloff in aftermarket trading yesterday.
Contemporary clothing brand Guess (NYSE:GES) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 4.6% year on year to $932.3 million. Guidance for next quarter’s revenue was better than expected at $631.3 million at the midpoint, 0.8% above analysts’ estimates. Its non-GAAP profit of $1.48 per share was 7.6% above analysts’ consensus estimates.
GameStop Corp (NYSE:GME) shares are trading higher in Thursday’s after-hours session after a regulatory filing showed CEO Ryan Cohen increased his stake in the company.
Stocks suffered a steep selloff today, as investors grappled with the potential long-term and global consequences of President Trump's sweeping tariff initiatives.
One thing is clear from yesterday’s “Liberation Day” tariff announcement –the market has decided that there is pretty much no way to spin it as a positive.
