Category: Top Story
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PACCAR shares surge on Trump’s heavy truck tariff announcement
PACCAR Inc (NASDAQ:PCAR) saw its stock climb 6% Friday morning following U.S. President Donald Trump’s decision to impose a 25% tariff on imported heavy-duty trucks, a move expected to favor domestic producers. The new tariffs, scheduled to take effect on October 1, 2025, are part of a broader package of duties that has unsettled automotive…
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Boeing lands major jet deals with Turkish Airlines and Norwegian Air
Boeing (NYSE:BA) announced fresh momentum on Friday after securing large aircraft orders from Turkish Airlines and Norwegian Air Shuttle, helping strengthen the U.S. planemaker’s recovery efforts. The stock was up 0.5% in premarket trading. Turkish Airlines, officially Turk Hava Yollari, confirmed a record commitment for as many as 75 787 Dreamliners, its largest purchase of…
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Novartis downplays effect of new U.S. pharmaceutical tariff
Novartis (NYSE:NVS), the Swiss pharmaceutical leader, said on Friday that the newly introduced 100% U.S. tariff on branded drugs “should have no impact” on its business. The company emphasized that its $23 billion investment in American infrastructure, along with the rollout of new production sites across the country, helps shield operations from potential consequences of…
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Novo Nordisk CEO raises doubts over Trump’s drug tariffs and EU-US trade pact
Mike Doustdar, CEO of Novo Nordisk (NYSE:NVO), voiced concerns on Friday about how President Donald Trump’s decision to introduce 100% tariffs on imported branded pharmaceuticals fits within the framework of trade agreements between the European Union and the United States. Doustdar said the connection between the latest U.S. tariff measures and the EU-US deal has…
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Strategist Predicts ‘Monster’ Q4 Rally Could Push S&P 500 to 7100 by Year-End
The Stock Traders Almanac is forecasting what it calls a “monster Q4 rally,” projecting that the S&P 500 could climb to 7100 before 2025 comes to a close. In its October market outlook, the group said the bearish seasonal patterns that usually weigh on equities have not emerged this year, leaving room for a strong…
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Intel Gains in Premarket as U.S. Considers Cutting Dependence on Imported Chips
Intel (NASDAQ:INTC) and GlobalFoundries (NASDAQ:GFS) shares climbed in early U.S. trading on Friday, following a Wall Street Journal report that the Trump administration is exploring ways to reduce American dependence on imported semiconductors by encouraging domestic production. Ahead of the market open, Intel was up about 2.9%, while GlobalFoundries surged more than 5%. In contrast,…
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Costco Tops Earnings and Revenue Estimates as Lower Prices Drive Shopper Traffic
Shares of Costco (NASDAQ:COST) dipped slightly on Friday, despite the warehouse club reporting quarterly results that surpassed Wall Street expectations. For the fiscal fourth quarter, the retailer posted earnings of $5.87 per share, beating analysts’ forecast of $5.81, supported by steady customer traffic and strong sales that offset rising costs. Revenue came in at $86.16…
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Baidu to Deploy Fully Autonomous Robotaxis in Dubai by Early 2026
Baidu (NASDAQ:BIDU) is set to launch fully driverless robotaxi services in Dubai by the first quarter of 2026, marking a major step in the Chinese tech company’s expansion of autonomous vehicle operations outside of China. Liang Zhang, managing director of EMEA at Baidu’s Apollo Go division, revealed Thursday that the company has finalized an agreement…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Rise Ahead of PCE Data as Trump Announces Tariffs
U.S. stock futures climbed slightly Friday as investors positioned themselves ahead of a crucial inflation reading that could influence Federal Reserve decisions on interest rates later this year. President Donald Trump also revealed a new set of tariffs, including levies on branded and patented pharmaceuticals, while media reports indicated the administration is considering policies to…
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U.S. Dollar Eyes Weekly Gain as PCE Inflation Data Approaches
The U.S. dollar held steady Friday, following a sharp advance the previous session, as markets awaited the Federal Reserve’s preferred measure of inflation. At 03:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against six major currencies, slipped 0.1% to 98.090 after posting a 0.6% gain on Thursday. The index is on track…