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  • Apr 03, 2025

‘Unscathed’ From Tariffs, Mexico Stocks Lead Global Gains

(Bloomberg) -- Mexico’s stock market soared the most in the world on Thursday as investors piled in following the news that the country was excluded from President Donald Trump’s plan to impose tariffs on trading partners. Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLocal Governments Vie for Fired Federal WorkersLondon Clears Final Hurdle for More High-Speed Trains to EuropeWhat Would ‘Tran

  • Apr 03, 2025

S&P 500 loses $2.4 trillion in market value, biggest one-day loss since 2020

S&P 500 companies lost a combined $2.4 trillion in stock market value in Thursday's selloff on Wall Street, their biggest one-day loss in value since the emerging coronavirus pandemic sent global markets into a tailspin on March 16, 2020. The S&P 500 ended down almost 5% after U.S. President Donald Trump's sweeping tariffs ignited fears of an all-out trade war and a global economic recession.

  • Apr 03, 2025

Russell 2000 Enters Bear Market With Small Caps Stung by Tariffs

(Bloomberg) -- The revival in small caps expected from Donald Trump’s America First agenda instead turned into a rout for shares in companies whose fortunes are most closely tied to the US economy.Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLocal Governments Vie for Fired Federal WorkersLondon Clears Final Hurdle for More High-Speed Trains to EuropeWhat Would ‘Transportation Abundance’ Look

  • Apr 03, 2025

Guess (NYSE:GES) Posts Better-Than-Expected Sales In Q4, Stock Jumps 10.1%

Contemporary clothing brand Guess (NYSE:GES) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 4.6% year on year to $932.3 million. Guidance for next quarter’s revenue was better than expected at $631.3 million at the midpoint, 0.8% above analysts’ estimates. Its non-GAAP profit of $1.48 per share was 7.6% above analysts’ consensus estimates.

  • Apr 03, 2025

United Parcel Service (UPS) Stock Trades Down, Here Is Why

Shares of parcel delivery company UPS (NYSE:UPS) fell 8.7% in the afternoon session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%. From clothing brands and electronics makers to the e-commerce sites that move their goods, companies built on global supply chains took the biggest hit. Stocks with heavy exposure to Asia were especially hard-hit, as the new tariffs threatened the growth and profits of firms with factories in the region. Vietnam,

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