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Nvidia (NVDA) stock rose 1.7% Tuesday, as Wall Street analysts maintained their bullish outlooks despite potential regulatory risks and tariff headwinds. NasdaqGS – Delayed Quote • USD The stock had fallen as much as 3% earlier in the day as the Trump administration’s new tariffs dragged markets. President Donald Trump imposed 25% tariffs on Canadian and Mexican imports on Tuesday and a 10% duty on Chinese imports. While semiconductors aren’t directly affected by the new tariffs, Bernstein analyst Stacy Rasgon wrote in a February analysis when news of the tariffs first emerged that the duties would affect imports of data…
Gas prices are expected to rise in certain states as early as Tuesday as Canadian crude product imports get hit with duties as part of President Donald Trump’s tariff plan. The Trump administration implemented 25% tariffs against imports from Canada and Mexico, carving out an exception for Canadian oil products, which are levied at 10%. The US imports roughly 4 million barrels of oil a day from Canada. The majority is sent via pipelines to the Midwest, Rocky Mountains, and Great Lakes region. New England receives refined products like gasoline, diesel, and jet fuel directly from Canada, meaning fuel prices…
Macy’s (M) is joining a growing list of major retailers issuing weak outlooks as it braces for the impact of Trump tariffs and weary consumers. The department store chain reported Thursday that fourth quarter adjusted earnings per share came in at $1.80, beating analysts estimates of $1.54. But same-store sales grew only 0.2% and missed the Street’s estimate of 1.23%. Investors are laser-focused on guidance as policy concerns loom. This week, the Trump administration imposed a 25% tariff on Mexico and Canada after a 30-day pause and added a second round of 10% tariffs on Chinese goods. CEO Tony Spring…
Nvidia (NVDA) stock briefly extended its decline on Friday as the AI chip giant’s market cap losses from its record high in January reached $1 trillion. A broader market sell-off coupled with fears of an overvaluation in the AI trade has sent the stock tumbling more than 23% over the past two months. On Friday shares temporarily fell to hover near $107 each, down from their record close of $149.43 on Jan. 6, when the company’s valuation sat just north of $3.66 trillion. Nvidia’s market cap stood at $2.6 trillion during Friday’s session as selling on Wall Street intensified. On…
Consumer sentiment tumbled in March as the impacts of President Donald Trump’s tariff policies and elevated price increases remain top concerns for Americans. The latest University of Michigan consumer sentiment survey released Friday showed sentiment hit its lowest level since November 2022. The index slid to a reading of 57.9, below the 64.7 seen last month and the 63 expected by economists. Pessimism over the inflation outlook soared again in March as one year-inflation expectations jumped to 4.9% from 4.3% the month prior. Just two months ago, consumers had only expected inflation of 3.3% over the next year. Long-run inflation…
urbazon via Getty Images Realizing you can’t pay your taxes can be especially stressful, but it’s a problem many Americans face. About 18.6 million individual taxpayers owed the IRS a collective $360 billion in back taxes as of 2022. Fortunately, you have options for dealing with a tax bill you can’t pay. To minimize penalties and interest, you’ll need to take action before taxes are due. We’ll walk you through what to do if you can’t afford your taxes, the consequences of not paying, and why so-called tax relief services are usually best avoided. When you owe taxes you can’t…
Netflix (NFLX) stock rose about 4% in midday trading on Monday after MoffettNathanson analyst Robert Fishman upgraded shares to Buy from Neutral and boosted his full-year price target to $1,100 from $850 prior. “Netflix has won the streaming wars. Case closed,” Fishman wrote in a note to clients. “But where does the company go from here? How much more runway for growth is ahead? Despite all of Netflix’s recent success in reinvigorating growth, we believe its engagement will allow the company to better monetize and unlock greater profits in the years ahead.” Netflix stock has struggled in recent sessions as…
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, YouTube, or wherever you find your favorite podcasts. Tesla’s (TSLA) stock could be in the jump-start zone. The stock — which has plunged 41% this year — is currently in an “extremely oversold condition” on the charts, Evercore ISI technical strategist Rich Ross told me on Yahoo Finance’s Opening Bid podcast (video above; listen below). Ross has been studying market technicals for more than 30 years. In 2024, Institutional Investor ranked Ross No. 1 in his field for the seventh straight year. He was named to Institutional Investor’s All-America Research…
Apple CEO Tim Cook should go public to explain the delay in integrating advanced Siri capabilities across its ecosystem, rather than Apple releasing the news quietly via a tech site last week, according to prominent Apple analyst Ming-Chi Kuo. The tech giant showcased an AI-powered Siri at its WWDC event in 2024, as part of its Apple Intelligence initiative. While the virtual assistant does now have some AI smarts, the more advanced features — including personalized responses, task completion across multiple apps, and on-screen awareness –have been delayed until next year at the earliest. Writing in a post on X…
JERSEY CITY, NJ / ACCESS Newswire / March 6, 2025 / Copper Property CTL Pass Through Trust (“the Trust”) announced today that it will host a live conference call on Tuesday, March 11, 2025, at 12:00 pm Eastern Time. Members of the Trust’s management team will discuss its recent financial and operating results as reflected in the Trust’s monthly report for the period ended February 28, 2025, and Form 10-K for the period ended December 31, 2024, both of which are expected to be filed prior to the call. The conference call will include a question and answer (Q&A) session.…