American shoppers face an additional $132 in holiday costs due to new tariffs, with electronics hit hardest at $186 extra per buyer. Retailers brace for consumer pushback as tariffs add $40.6 billion to seasonal spending.
Apple’s latest earnings reveal the company absorbed $1.1 billion in tariff costs last quarter with another $1.4 billion expected this quarter. Despite political negotiations, the tech giant’s sprawling supply chain remains exposed to trade tensions.
As Trump and Xi prepare for their South Korea meeting, Beijing’s negotiating position reveals deeper strategic concerns beyond immediate trade disputes. The summit comes at a critical inflection point in U.S.-China relations with lasting implications for global technology supply chains and economic
Apple has become the third company to reach a $4 trillion market capitalization, driven by strong iPhone 17 sales and strategic market positioning. The milestone reflects Apple’s enduring dominance in premium consumer electronics despite increasing competition and market pressures.
Retail earnings reports are about to become much harder to interpret. Tariff-related price increases are creating an optical illusion in sales data that could mislead investors about true consumer demand and retail health.
Tesla announced a 37% drop in quarterly profits even as revenue hit a new high, with CEO Elon Musk labeling firms opposing his compensation plan “corporate terrorists.” In related news, European aerospace giants are joining forces to compete with rivals like Starlink.
Tesla’s third-quarter financial results revealed a mixed picture, with record revenue but a significant profit decline, according to reports. The company reportedly achieved $28 billion in revenue for the three months ending September, a 12% increase from the same period last year, driven by U.S. buyers rushing to secure electric vehicle tax credits before their expiration. However, profits fell by 37% year-over-year, which analysts suggest is partly due to increased costs from tariffs and research investments.
The United States and Australia have launched an $8.5 billion strategic partnership to develop alternative rare earth supplies following China’s export restrictions. The agreement includes immediate $1 billion funding and Pentagon investment in a Western Australia gallium refinery.
President Donald Trump and Australian Prime Minister Anthony Albanese have confirmed a major $8.5 billion framework agreement to jointly develop rare earth and critical mineral projects, according to reports. The partnership comes as China continues to tighten export controls on heavy rare earth metals that are essential for defense systems, renewable energy technology, and electronics manufacturing.
Tesla’s Anticipated Revenue Rebound After two consecutive quarters of declining year-over-year revenue, Tesla is projected to report a 4.7% increase…
Intuitive Surgical reported robust third-quarter results, beating profit estimates by 21% as demand for minimally invasive robotic procedures accelerates. The company raised its 2025 procedure growth forecast and adjusted margin expectations despite tariff impacts.
Intuitive Surgical reportedly delivered stronger-than-anticipated third-quarter financial results, according to recent earnings reports. The surgical robotics pioneer posted adjusted earnings of $2.40 per share, significantly surpassing analysts’ projections of $1.98 per share based on LSEG data. Revenue performance similarly exceeded expectations, with the company generating $2.51 billion against estimates of $2.40 billion for the quarter ended September 30.
General Motors has raised its full-year adjusted earnings forecast after reporting better-than-expected third-quarter results. The automaker now anticipates a smaller financial impact from tariffs, contributing to a significant stock surge.
General Motors has reportedly boosted its full-year adjusted earnings forecast as the automaker anticipates reduced impacts from tariffs, according to the company’s latest financial statements. The Detroit-based manufacturer now projects full-year adjusted earnings between $9.75 and $10.50 per share, up from its previous guidance of $8.25 to $10 per share. This revised outlook comes as analysts polled by FactSet had predicted full-year earnings of $9.46 per share.
