By Shashwat Chauhan and Kanchana Chakravarty (Reuters) -Wall Street’s main indexes slumped on Friday after U.S. President Donald Trump recommended 50% tariffs on the European Union, while Apple (NASDAQ:AAPL) tumbled after he warned it would have to pay tariffs if iPhones were not manufactured in the United States. "The European Union, which was formed for the primary purpose of taking advantage ...
The stock market on Friday has experienced notable fluctuations, with some stocks making significant moves both upwards and downwards, largely influenced by the latest earnings reports and market news. Among the mega-cap and large-cap categories, stocks like Intuit (NASDAQ:INTU) are seeing a surge, while Deckers Outdoor Corp (NYSE:DECK) is witnessing a steep decline. Here are some of the key s ...
Investing.com -- Citi initiated coverage on U.S. food distributors, calling the group a “relatively safe haven for macro and tariff concerns” and issuing Buy ratings on Performance Food Group (NYSE:PFGC) and US Foods. Sysco (NYSE:SYY) received a Neutral rating.In its note, Citi cited several favorable industry dynamics, including “restaurant wallet share as a likely buffer to macro risk ...
By Valentina Za and Tommy Reggiori Wilkes MILAN/LONDON (Reuters) -Rome’s determination to have a say in the reshaping of Italy’s financial sector has made things increasingly unpredictable for investors who have waited years for consolidation of the country’s fragmented banking landscape. UniCredit and its CEO Andrea Orcel are locked in a standoff with the Italian government over the bank’ ...