(Bloomberg) -- Investors should take profit in Asian technology stocks amid trade-related risks, elevated valuations and lack of earnings upside,
ING Economics estimated that the proposed tariffs, if enacted, would raise annual spending costs for consumers by $835 per American.
The moves were driven largely by the expectation that tariffs and a possible full-blown trade war would stoke inflation.
US stock futures pointed to sharp losses for the major indexes, as Wall Street showed the effects of President Donald Trumpās announcement of tariffs.
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S&P 500 earnings per share could decline 1%-2% for each five percentage-point increase in the US tariff rate, Goldman Sachs estimated.
Share prices for car makers including Toyota, Nissan, Honda and Volkswagen fell after Donald Trump announced tariffs on Canada, Mexico, and China.
Shares of homebuilders and construction companies lost ground Monday on worries that new tariffs could raise building costs.
(Bloomberg) -- Donald Trumpās tariffs salvo means a resurgent dollar is likely to become an even bigger overhang for Asian stocks, as it erodes the room
Stocks in the US dropped Monday morning, following European and Asian markets lower as investors digested Trump's tariff announcements.