Historical observations only. No forecasts, recommendations, buy/sell ratings, or portfolio advice.
2019-12-27TSLAAlpha Vantage Newstariff_announcement
Tesla lines up $1.6bn in financing for its Shanghai Gigafactory
Tesla has secured $1.6 billion in new financing from state-backed Chinese lenders for its Shanghai Gigafactory, which will double its Model 3 production capacity. This financing, offered on preferential terms, highlights China's support for Tesla amidst a challenging market for domestic EV startups. The plant aims to supply the massive Chinese automotive market while bypassing shipping costs and tariff uncertainties.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-12-26TSLAAlpha Vantage Newstariff_announcement
Tesla Secures $1.29 Billion Loan from Chinese Banks for Shanghai Factory
Tesla Inc. has secured a secured term loan facility of up to 9 billion yuan ($1.29 billion) and an unsecured revolving loan facility of up to 2.25 billion yuan from Chinese banks. These loans are designated for its Shanghai car plant, which is crucial for increasing sales in the Chinese auto market and avoiding import tariffs. The funds will also be used to repay existing debt.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-12-11WMTAlpha Vantage Newstariff_announcement
Conversation With Sportsman’s Warehouse CEO Jon Barker
Jon Barker, CEO of Sportsman's Warehouse, discusses the company's strategy, including aggressive share-taking through real estate acquisition like the recent purchase of eight Field & Stream stores and doubling down on firearms. He highlights the company's strong financial position and omnichannel capabilities, which facilitate growth opportunities both organically and through M&A. Barker also addresses the impact of tariffs and the company's approach to mitigating cost increases.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-12-10AAPLAlpha Vantage Newstariff_announcement
Apple’s New Mac Pro Can Cost $52,000. That’s Without the $400 Wheels
Apple Inc. has launched its new Mac Pro desktop computer, with pricing options that can push the cost above $50,000. While the base model starts at $5,999, a fully configured machine can exceed $52,000, not including optional $400 wheels. The computer is manufactured in Austin, Texas, following tariff relief from the Trump administration.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-12-04BAAlpha Vantage Newstariff_announcement
United Airlines orders 50 new Airbus jets in latest hit to Boeing
United Airlines is ordering 50 Airbus SE A321XLR jets, valued at $7.1bn, to replace its 53 Boeing 757-200 planes starting in 2024. This deal makes United the second US carrier to purchase the new European jet despite fresh US tariffs on Airbus. The airline's chief operating officer stated they are still working closely with Boeing on a potential new twin-aisle aircraft, indicating an openness to future orders from the US plane-maker.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-12-03AAPLAlpha Vantage Newstariff_announcement
Apple Has Biggest Drop Since August
Apple Inc. (AAPL) shares experienced their biggest one-day drop since August due to escalating trade tensions between the U.S. and China. This followed President Trump's statement about being willing to wait another year for a trade agreement and Commerce Secretary Wilbur Ross's warning of impending tariffs if no changes occur within two weeks.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-11-20AAPLAlpha Vantage Newstariff_announcement
Trump Considering Whether Apple Should be Exempt From China Tariffs
President Donald Trump stated on Wednesday he was considering whether to exempt Apple Inc. from tariffs on imports from China after touring an Apple manufacturing plant in Austin, Texas. Trump acknowledged the competitive landscape with companies like Samsung and the impact of existing trade deals. This consideration follows Apple's requests for tariff waivers and the company's commitment to boosting U.S. manufacturing.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-11-20AAPLAlpha Vantage Newstariff_announcement
Trump Says ‘Looking’ at Exemption for Apple on China Tariffs
During a tour of an Apple Inc. assembly plant in Texas, President Donald Trump stated he is considering exempting the iPhone manufacturer from tariffs imposed on goods imported from China. This comes as trade tensions continue to impact global supply chains. The potential exemption could offer relief to Apple amidst ongoing trade disputes.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-11-15AMZNAlpha Vantage Newstariff_announcement
Why Costco Is Thriving Even as the U.S.-China Trade War Drags On
Costco is successfully navigating the U.S.-China trade war despite tariffs that are impacting other retailers. The company benefits from its high sales volumes, fast inventory turnover, and a business model that relies on membership fees for a significant portion of its operating earnings, providing stability in a volatile retail sector. Costco's scale grants leverage with vendors, and its strategic expansion and focused inventory management allow it to maintain low prices and strong sales growth, outpacing competitors and the broader retail market.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-10-30GEAlpha Vantage Newstariff_announcement
GE shares jump after earnings beat, company raises cash flow forecast
General Electric's stock surged after the company exceeded third-quarter earnings and revenue expectations and raised its 2019 cash flow forecast. Despite a consolidated net loss of $9.5 billion for the quarter, GE's industrial free cash flow totaled $650 million, leading to an increased full-year forecast for industrial FCF. CEO Larry Culp highlighted progress in GE's transformation, even with external challenges like the Boeing 737 Max grounding and tariffs.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-09-23NVDAAlpha Vantage Newstariff_announcement
Apple says Mac Pro manufacturing will remain in Austin
Apple announced on Monday that it will continue manufacturing its Mac Pro computers in Austin, Texas, reversing earlier reports of a potential move to China. This decision comes after the company secured tariff exemptions from the U.S. government for key imported parts, allowing it to avoid additional costs. Apple (AAPL) emphasized its commitment to U.S. manufacturing and its significant investment in the American economy, including its operations and planned expansion in Austin.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-09-20AAPLAlpha Vantage Newstariff_announcement
U.S. Grants Apple 10 Exemptions from Tariffs on Chinese Imports
The Trump administration has granted Apple Inc. exemptions from tariffs on 10 specific items imported from China, including a power supply and a logic board. These items were part of the $200 billion worth of Chinese imports first subjected to tariffs in September 2018. U.S. trade officials are currently evaluating additional requests from Apple for tariff relief.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-09-13COSTAlpha Vantage Newstariff_announcement
Lovesac's stock surges as it moves manufacturing out of China
Lovesac's stock surged 23 percent after reporting a second-quarter loss that was less severe than anticipated, with sales increasing by 44.8 percent. The company is actively shifting its manufacturing out of China to mitigate tariffs, aiming to complete the move by the end of next year, primarily relocating to Vietnam. This strategic shift and strong revenue growth highlight Lovesac's efforts to expand its brand and multi-channel model.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-09-11AAPLAlpha Vantage Newstariff_announcement
Why Markets Think Trump Tariffs Will Help Apple and Hurt Amazon
This article explores why markets believe tariffs will impact Apple positively and Amazon negatively. It highlights Apple's strong embedded position within the Chinese economy, suggesting that China needs Apple as much, if not more, than Apple needs China, thus incentivizing protection from tariffs. Conversely, Amazon's business model, heavily reliant on Chinese-made goods without a similar indispensable role in China's economy, makes it vulnerable to tariff impacts.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-09-10TSLAAlpha Vantage Newstariff_announcement
Ford Reveals Electrified Vehicle Line-Up that will Surpass Conventional Petrol and Diesel by 2022
Ford unveiled its most comprehensive line-up of electrified vehicles at the Frankfurt Motor Show, anticipating that electrified models will surpass conventional petrol and diesel sales in Europe by the end of 2022. The company plans to launch 17 electrified vehicles in Europe by 2024, including mild-hybrid, full-hybrid, plug-in hybrid, and all-electric options. Ford is also partnering with energy suppliers and NewMotion to provide seamless charging solutions, including home wall box installations, green energy tariffs, and access to over 118,000 public charging points across Europe.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-09-09UNPAlpha Vantage Newstariff_announcement
Annual wood tie market update 2019
The North American wood crosstie industry faced a "perfect storm" in 2019 due to severe weather, U.S. tariffs, a weaker Chinese economy, and PSR adoptions, leading to tightened timber availability and reduced tie inventories. Despite a comfortable inventory level typically around 18 million units, the count dropped significantly, with the inventory-to-sales ratio hovering around 0.60s. Suppliers like Koppers Inc., Stella-Jones Corp., and Gross & Janes Co. reported substantial inventory reductions, though they anticipate a rebound by 2021 if weather conditions improve and raw material supplies normalize.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-09-05TGTAlpha Vantage Newstariff_announcement
Target tells suppliers to eat higher tariff-related costs
Target Corp. has informed its suppliers that it will not accept any new cost increases related to tariffs on goods imported from China, expecting them to absorb these costs. The company's chief merchandising officer, Mark Tritton, stated Target aims to avoid passing price increases on to customers, especially with the holiday season approaching. This directive comes as tariff rates on Chinese imports are set to increase further, prompting concern among U.S. retailers about consumer behavior.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-09-05TGTAlpha Vantage Newstariff_announcement
Retail giant Target demands that suppliers absorb tariff costs to shield consumers
Target is requiring its suppliers to absorb the increased costs resulting from new tariffs on Chinese goods to avoid passing these price increases on to consumers. The retailer communicated this stance in a memo to suppliers and has previously warned the U.S. government about the negative impact of tariffs on American families. This move aims to keep prices low for guests despite the recently imposed 15% tariffs on $112 billion worth of goods from China.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-08-29CATAlpha Vantage Newstariff_announcement
Trump’s Steel Industry Claims
This article debunks President Trump's claims about the U.S. steel industry's transformation under his policies. While tariffs did benefit domestic steel producers by increasing prices and production, the article clarifies that the industry was not "dead" prior to his presidency, new mills had been built, and job growth was modest and influenced by technology. The piece analyzes the actual impact on production, prices, imports, capacity, and employment, concluding that Trump significantly exaggerated the changes.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-08-29AAPLAlpha Vantage Newstariff_announcement
Apple invites go out, 3 new iPhones expected at event
Apple has sent out invitations for a special event on September 10th where it is expected to unveil three new iPhone models and updates to other products. This event follows a trade-war delay for Apple products and discussions between Apple CEO Tim Cook and President Trump regarding tariffs. The company recently reported strong second-quarter results driven by its services business, offsetting weaker iPhone sales.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-08-27WMTAlpha Vantage Newstariff_announcement
Amid Hour-Long Lines, Customers Fight Over Products as Costco Opens First Store in China
Costco Wholesale Corp.'s first store in China experienced overwhelming demand on its opening day in Shanghai, leading to customer fights over products and hours-long waits. The frenzy caused the retailer to suspend operations temporarily due to heavy traffic, highlighting both the market's potential and the challenges faced by foreign retailers in China. This opening occurred amidst a U.S.-China tariff war and a history of global rivals struggling in the Chinese market.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-08-27AAPLAlpha Vantage Newstariff_announcement
PGE gives big customers a new green option, and they like it
Portland General Electric (PGE) has launched "Green Future Impact," a new program that allows its large customers to directly purchase renewable energy certificates and energy from new, specific third-party renewable sources. This initiative aims to address the growing demand from big corporations for green energy options. The program connects the energy buy directly to new renewable sources, building on previous discussions and proposals for a "green tariff."
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-08-24XOMAlpha Vantage Newstariff_announcement
California rare earths miner races to refine amid U.S.-China trade row
MP Materials, owner of the only U.S. rare earths mine, is investing $200 million and hiring significantly to restart domestic rare earths refining by next year. This move comes as China escalates tariffs on rare earth imports, fueling U.S. national security concerns over its reliance on China for processing these critical minerals. The company aims to reduce U.S. dependence on China for rare earth processing and potentially encourage further domestic investment in magnet production.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-08-20HDAlpha Vantage Newstariff_announcement
Home Depot says suppliers are moving manufacturing out of China to avoid tariffs
Home Depot's executives stated that their suppliers are actively moving manufacturing out of China to mitigate the impact of rising tariffs. This strategic shift to countries like Taiwan, Vietnam, and Thailand is expected to reduce the tariffs' cost impact on U.S. sales from an projected 2% ($2 billion) to about 1%. The company, which had already lowered its sales outlook for the year, is closely monitoring how these tariffs will affect consumer demand and product pricing.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-07-26AAPLAlpha Vantage Newstariff_announcement
Trump says Apple will face tariffs on Mac Pro parts made in China
President Trump announced that Apple will face tariffs on Mac Pro parts made in China, rejecting the company's request for tariff exemptions. Trump suggested Apple should instead manufacture the components in the United States, although he later indicated they would "work it out" and hinted at a new plant in Texas. This comes as Apple plans to produce its new Mac Pro in China, despite previous models being made exclusively in the U.S.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-07-25CATAlpha Vantage Newstariff_announcement
Caterpillar paid $70M in tariffs last quarter
Caterpillar incurred $70 million in tariffs in Q2 2019, contributing to a $328 million increase in manufacturing costs, according to CFO Andrew Bonfield. Despite these costs and weaker-than-expected earnings, the company managed to cover higher manufacturing costs through price realization and cost-cutting measures, including redesigning machines and reducing overall manufacturing costs by at least 5%. The article also notes the broader economic context of slowing manufacturing growth and global trade tensions affecting the OEM.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-07-13UNPAlpha Vantage Newstariff_announcement
Wall St. Week Ahead: Union Pacific, other freight co earnings eyed for tariff effects
Investors are closely watching upcoming earnings reports from major U.S. railroads, Union Pacific Corp (UNP.N) and Kansas City Southern (KSU.N), for insights into how U.S. tariffs are impacting freight companies and the broader economy. Concerns about a "freight recession" and weakening demand due to trade tensions are prompting scrutiny of the transportation sector as an economic indicator. Union Pacific has already seen its freight volume fall, with its CEO calling the trade war a "significant threat."
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-06-27INTCAlpha Vantage Newstariff_announcement
Microsoft, Sony, Nintendo Express Concern Over Trump Tariffs
Microsoft, Sony, and Nintendo have jointly expressed concern over proposed U.S. tariffs on Chinese goods, stating that these would significantly harm the U.S. video game industry, its employees, and consumers. The companies warned that such tariffs would disrupt businesses, increase costs, depress sales, injure stakeholders, and put thousands of U.S. jobs at risk, given that over 96% of consoles imported in 2018 were made in China. They noted that a 25% price increase would make new consoles unaffordable for many families and lead to consumers paying an additional $840 million.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-06-26HDAlpha Vantage Newstariff_announcement
Home Depot CEO: You just can't offset 40% deflation (video)
Home Depot CEO Craig Menear discussed the challenge of 40% lumber deflation attributing it to wet weather and stating it cannot be offset. He also indicated the company is exploring ways to mitigate Chinese tariffs. This comes as Home Depot reached $100.9 billion in sales in 2017 and aims for $120 billion by 2020.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-06-20AAPLAlpha Vantage Newstariff_announcement
Apple warns US against imposing additional China tariffs
Apple Inc. urged the Trump administration not to proceed with proposed tariffs of up to 25% on products imported from China, stating it would reduce the company's contribution to the U.S. economy. The tariffs would impact nearly all major Apple products, including iPhones, and Apple highlighted its role as a major U.S. job creator and taxpayer. The company also noted the potential negative impact on its global competitiveness and its relationship with China if production were to move.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-06-19HPQAlpha Vantage Newstariff_announcement
Dell, HP, Microsoft, Intel oppose proposed tariffs on laptops, tablets
Dell Technologies Inc., HP Inc., Microsoft Corp., and Intel Corp. have voiced strong opposition to President Donald Trump's proposed tariffs on Chinese-made laptops and tablets. They argue these tariffs would significantly increase prices for consumers, potentially by at least 19%, and harm the industry without effectively addressing U.S.-China trade imbalances. The companies, which collectively represent a large portion of the U.S. laptop and tablet market, also highlighted the negative impact during peak shopping seasons.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-06-18WMTAlpha Vantage Newstariff_announcement
Watch Your Coins, Dollar Tree's Raising Prices
Dollar Tree is testing higher prices with its "Dollar Tree Plus" collection due to increased tariffs on Chinese goods, which may impact its core demographic. Many retailers, including Dollar Tree, are expected to pass these increased costs onto consumers. Competitor Dollar General is expanding into health and beauty and food deserts to drive growth, a strategy Dollar Tree might consider as its shares are down 6.5% this year despite beating Q1 earnings expectations.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-06-07WMTAlpha Vantage Newstariff_announcement
Walmart execs talk about taking risks, trade issues at shareholder rally and analyst meeting
Walmart executives discussed their philosophy of taking risks, global trade issues, and future growth strategies at their annual shareholder meeting and subsequent analyst meeting. CEO Doug McMillon emphasized the company's problem-solving culture, commitment to low prices despite tariffs, and offered career advice to aspiring employees. Walmart's stock price saw a positive reaction from Wall Street, trading higher following the executive presentations.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-06-06CSXAlpha Vantage Newstariff_announcement
Operating ratio is CSX Corp. scorecard, CEO James Foote says
CSX Corp. CEO James Foote emphasizes the operating ratio as the key performance indicator for the railroad giant, highlighting its improvement from 63.7% in Q1 2018 to 59.5% in Q1 2019. He stresses that an effective operating ratio also leads to better service for freight customers and expresses confidence in strong freight traffic despite tariff concerns. The article also touches on the CFO's departure and other local business news.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-06-03MMMAlpha Vantage Newstariff_announcement
Cheniere Energy takes ‘patient’ approach to U.S. trade war with China, LNG tariffs
Cheniere Energy is taking a patient approach to the U.S.-China trade war despite retaliatory tariffs on LNG, which have significantly impacted its shipments to China. The company views China as a long-term investment and is proceeding with major expansion projects, financed by a $1.5 billion credit agreement and a novel natural gas supply deal with Apache Corp. These strategic moves aim to position Cheniere as a key link between U.S. natural gas producers and global markets, while a $1 billion stock buyback program is expected to boost financial performance.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-05-31GMAlpha Vantage Newstariff_announcement
Say goodbye to Dow 25,000: Mexico tariffs spook Wall Street
Wall Street experienced a significant downturn, with the Dow falling below 25,000 for the first time in four months, following President Trump's threat of tariffs on Mexican imports. This move amplified fears of slowing economic growth and added to existing concerns about the trade war with China, impacting major industries like automotive and consumer goods. The tariffs are seen by some analysts as an "alarming" use of trade policy for non-economic reasons, further destabilizing global markets.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-05-31TSLAAlpha Vantage Newstariff_announcement
Tesla opens orders for made-in-China Model 3, lowers price
Tesla has begun taking orders for its made-in-China Model 3 vehicles, setting the base price at 328,000 yuan ($47,523), which is 49,000 yuan cheaper than imported versions. These cars will be built at Tesla's Gigafactory in Shanghai and are expected to be delivered within 6 to 10 months. The move aims to bolster Tesla's competitiveness in China, reduce delivery times, and avoid import tariffs amid trade tensions, especially after a significant drop in deliveries and share prices earlier this year.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-05-21HDAlpha Vantage Newstariff_announcement
Big Retailers’ Sales Lag as They Gird for Tariffs
Sales at several major retailers, including Kohl's, J.C. Penney, and Nordstrom, declined in the latest quarter, while Home Depot's comparable-store sales increased less than expected. This slowdown in the retail sector is occurring as companies prepare for the potential impact of higher tariffs on merchandise imported from China. The industry is also undergoing a significant shift towards e-commerce.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-05-13AAPLAlpha Vantage Newstariff_announcement
Here's why Apple is so vulnerable to a trade war with China
Apple is highly vulnerable to a U.S.-China trade war due to two main factors: its primary iPhone assembly takes place in China, making it subject to potential tariffs on Chinese exports, and it generates a significant portion of its revenue from Chinese consumers. Analysts predict substantial price increases or earnings per share decreases if tariffs are imposed, and a large-scale move of manufacturing out of China would be costly and time-consuming. The company's revenue and consumer confidence in China are notably sensitive to trade tensions.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-05-12MMMAlpha Vantage Newstariff_announcement
Pentair spinoff nVent Electric is a Wall Street darling — so far
nVent Electric, a spinoff from Pentair, has been highly praised by investors and Wall Street analysts in its first year, demonstrating strong financial performance with increased sales and profits. CEO Beth Wozniak has focused on establishing the company's identity, expanding its market reach, and overcoming challenges like trade tariffs. The company is actively pursuing growth opportunities, optimizing online tools, and building its brand through community involvement.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-04-08UPSAlpha Vantage Newstariff_announcement
2018 Was a Year of Extraordinary Growth for 3PLs
The 3PL market experienced extraordinary growth in 2018, driven by an inventory buildup due to import tariffs, strong domestic economic expansion, and tight carrier capacity. U.S. 3PL market net revenue grew 11.8% to $86.2 billion, with the Domestic Transportation Management (DTM) segment leading the way with a 20.6% increase in gross revenue. Mergers and acquisitions also made a comeback, highlighting a dynamic year for the logistics industry.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-03-27NUEAlpha Vantage Newstariff_announcement
Nucor Corp. to invest $1.35B to build Kentucky steel mill, creating 400 jobs
Nucor Corp. is set to invest $1.35 billion in a new sheet mill in Meade County, Kentucky, which will create 400 jobs over 15 years with an average annual salary of $72,000. Kentucky has approved approximately $40 million in state incentives for the project. This significant investment is partially attributed to U.S. steel tariffs, according to Governor Matt Bevin and Nucor CEO John Ferriola.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-02-05BAAlpha Vantage Newstariff_announcement
Freightos Baltic Indexes (FBX) Update W5 2019
The Freightos Baltic Indexes (FBX) Update for Week 5, 2019, reports that transpacific ocean prices, while still high, are expected to fall post-Chinese New Year despite canceled GRIs. Air freight prices for China-US and China-Europe lanes have been declining for several weeks, while Europe-US rates remain stable. The article details specific price changes and contextualizes them with seasonal and trade tariff impacts.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-01-29NUEAlpha Vantage Newstariff_announcement
Nucor posts record profits, moves forward with new Midwest steel mill
Nucor reported record fourth quarter and year-end profits in 2018, largely benefiting from trade tariffs. The company announced plans to invest $1.35 billion in a new state-of-the-art plate mill in the U.S. Midwest, expected to be operational by 2022 and create 400 jobs. Nucor also anticipates another strong earnings performance for 2019.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-01-28NVDAAlpha Vantage Newstariff_announcement
Caterpillar, Nvidia Warnings Send Wall Street Tumbling
U.S. stocks tumbled following warnings from Caterpillar and Nvidia, which highlighted concerns about a slowing Chinese economy and the impact of tariffs on corporate profits. Caterpillar missed profit estimates due to softening demand in China and rising costs, while Nvidia cut its revenue forecast due to weak demand and lower data center sales. This sent major indexes like the Dow, S&P 500, and Nasdaq Composite lower, despite overall positive earnings reports.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-01-08NUEAlpha Vantage Newstariff_announcement
Nucor announces plans to build $1.35 billion ‘Midwest’ steel plate mill
Nucor plans to build a new $1.35 billion steel plate mill in the Midwest, aiming to be operational by 2022 and create 400 full-time jobs. This investment comes as Nucor reports record profits, attributing success in part to trade tariffs implemented by the Trump administration. The new mill will produce 1.2 million tons per year of steel plate products and enhance Nucor's ability to serve its largest customers across the U.S.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2019-01-07COPAlpha Vantage Newstariff_announcement
Kirby Corp. CEO sees economy lifting all barges
David Grzebinski, CEO of Kirby Corp., discusses the company's two main businesses: Marine Transportation and Distribution and Services. He highlights how the U.S. economy, particularly the energy market in Texas, is boosting their operations, despite potential concerns about tariffs and the critical need for infrastructure investment. Grzebinski also emphasizes Kirby's long-term outlook, focusing on safety and balancing shareholder expectations with sustainable business practices.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2018-12-15INTCAlpha Vantage Newstariff_announcement
10 Things You Didn’t Know about Micron Technology CEO Sanjay Mehrotra
This article highlights 10 interesting facts about Sanjay Mehrotra, the President and CEO of Micron Technology. It covers his education, career trajectory including co-founding SanDisk, his patent holdings, and his leadership through market challenges like tariffs affecting Micron Technology.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2018-12-10AMDAlpha Vantage Newstariff_announcement
China block of iPhone sales, memory outlook don’t hurt chip stocks
Chip-related stocks saw a rebound despite news of China blocking sales of older iPhone models due to Qualcomm patent violations and ongoing tariff concerns. The PHLX Semiconductor Index outperformed broader market indexes, suggesting that investors are not significantly swayed by these developments regarding the chip sector's outlook. This performance indicates a recovery for chip stocks which had previously experienced selloffs throughout the year.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending
2018-12-06WMTAlpha Vantage Newstariff_announcement
Walmart CEO warns customers might pay if trade tensions escalate
Walmart CEO Doug McMillon has warned that customers might face higher prices if trade tensions between the U.S. and China escalate further. While customers haven't felt the impact yet, McMillon stated that Walmart may be forced to raise prices if President Donald Trump increases tariffs on Chinese goods next year. This potential price hike highlights the economic implications of ongoing trade disputes for consumers.
7d: Pending30d: Pending90d: PendingRelative 90d: Pending