By Arsheeya Bajwa and Aditya Soni(Reuters) -Global chip stocks were battered on Wednesday on fresh evidence of how U.S. President Donald Trump’s shifting trade policy was complicating the outlook for semiconductor and computing giants, including AI pioneer Nvidia (NASDAQ:NVDA) and its rival AMD.Attempts to reorient global trade through tariffs and export curbs have started to show the effect as ...
Investing.com -- JP Morgan downgraded U.S. Steel to “Neutral” from “Overweight” and cut its price target to $38 from $43, citing softening demand outlook, potential auto-related tariff risks, and uncertainty around the pending takeover by Japan’s Nippon Steel.The firm said it expects construction demand to face pressure, while auto and appliance demand remain stable near term. Howev ...
On Wednesday, the World Trade Organization (WTO) announced a significant revision of its global merchandise trade forecast, projecting a downturn of 0.2% for the current year. This marks a stark contrast to the 3.0% growth anticipated in October. The revised forecast is based on the current trade measures as of the start of this week.The WTO attributed the downward revision to the potential reintr ...
Investing.com -- Google parent Alphabet Inc. (NASDAQ:GOOGL) stock fell 2.2% in premarket trading following news of a class action lawsuit in the U.K. that could result in damages exceeding £5 billion ($6.6 billion). The tech gian is accused of abusing its dominance in the online search market, leading to higher prices and stifling competition.The lawsuit, filed on Wednesday in the U.K. Competitio ...