RT MSB Intel (@MSBIntel)🚨 TRUMP JUST FOUND THE ULTIMATE TARIFF LOOPHOLE.THE SUPREME COURT TRIED TO KILL THE GLOBAL TRADE WAR TODAY.THE WHITE HOUSE JUST LAUGHED IT OFF.THE NEW YORK TIMES IS REPORTING THAT TRUMP IS ALREADY PREPARING TO EXPLOIT NEW LEGAL AUTHORITIES TO LAUNCH A BRAND NEW ACROSS THE BOARD TARIFF.THEY ARE TRIGGERING THE 1974 TRADE ACT TO COMPLETELY BYPASS THE SCOTUS RULING AND KEEP THE TAXES ALIVE.WALL STREET THOUGHT THE TARIFFS WERE DEAD. THEY ARE JUST RELOADING. 🇺🇸 ...

RT MSB Intel (@MSBIntel)🚨 TRUMP JUST FOUND THE ULTIMATE TARIFF LOOPHOLE.THE SUPREME COURT TRIED TO KILL THE GLOBAL TRADE WAR TODAY.THE WHITE HOUSE JUST LAUGHED IT OFF.THE NEW YORK TIMES IS REPORTING THAT TRUMP IS ALREADY PREPARING TO EXPLOIT NEW LEGAL AUTHORITIES TO LAUNCH A BRAND NEW ACROSS THE BOARD TARIFF.THEY ARE TRIGGERING THE 1974 TRADE ACT TO COMPLETELY BYPASS THE SCOTUS RULING AND KEEP THE TAXES ALIVE.WALL STREET THOUGHT THE TARIFFS WERE DEAD. THEY ARE JUST RELOADING. 🇺🇸 ...

President Trump's global trade war and the frontloading of products ahead of the tariffs help drive ports like the Port of Long Beach with stronger container volumes in 2025. Noel Hagaba, he's the CEO of the Port of Long Beach. He joins me now to discuss this record-breaking year.Thanks for joining me, Noel. >> My pleasure, Laurian. Always great to join you.As I said, you know, we're seeing a record numbers here when it comes to the Port of Long Beach. And I want to kind of get granular with you. Over the l ...

Hong Kong's economy was buoyed by unexpectedly resilient exports amid a global trade war and strong investment https://t.co/uKWC7U9vKL ...

Core Points - The world's 10 richest individuals collectively lost nearly $70 billion due to market reactions to President Trump's announcement of a 100% tariff on Chinese imports and restrictions on critical software access [1][5] - Tesla's stock fell 5%, resulting in a $16 billion decrease in CEO Elon Musk's wealth, while Jeff Bezos and Mark Zuckerberg each saw a $10 billion reduction in their net worths due to declines in Amazon and Meta shares [2][5] - Nvidia's CEO Jensen Huang experienced an $8 billion loss as the company's stock dropped nearly 5%, and both Larry Ellison and Michael Dell saw their fortunes shrink by over $5 billion amid concerns of slower growth and trade disruptions [3][5] Market Reactions - Following Trump's comments, markets showed initial volatility, but by Monday morning, shares of major companies like Tesla, Alphabet, Amazon, Meta, and Dell were trading approximately 2% higher, with Oracle shares up 4.5% [4] - Despite the significant losses, the collective wealth of the 10 richest individuals remained over $2.9 trillion, with Musk leading at $437 billion, followed by Ellison at $351 billion, Zuckerberg at $248 billion, and Bezos at $240 billion [4][5] Year-to-Date Performance - As of Friday, the 10 richest individuals were still $385 billion ahead for the year, with Ellison alone gaining $159 billion year-to-date, driven by a 75% surge in Oracle's stock [5]

Market Performance - US stocks have reached record highs this year, with the S&P 500 Index adding $15 trillion in market value since early April and achieving 27 records in 2025, reflecting a 34% gain over the last five months, primarily driven by Big Tech shares [2][3] - The Federal Reserve's interest rate cuts have contributed to a high risk appetite among investors, although there are concerns that the market may have already priced in positive developments, which could lead to stock underperformance if economic growth slows [3][4] Economic Indicators - FedEx Corp. has indicated a potential $1 billion impact from trade volatility and the loss of a key exemption for low-value goods, highlighting the ongoing effects of the global trade war on companies [5] - Economists predict that real US GDP growth will decelerate to 1.5% on an annualized basis in the third quarter, a significant drop from the 3.3% growth reported in the second quarter [6] Investment Sentiment - Analysts at Bloomberg Intelligence suggest that the current economic environment, characterized by middling growth, may present buying opportunities for stocks, as historical trends indicate that such conditions can lead to favorable market performance [7]

Industry Overview - The Zacks Mining – Gold industry is part of the broader Zacks Basic Materials sector, which is expected to see a decline in earnings for the second quarter, with overall earnings projected to fall by 7.5% despite a 2.8% increase in revenues [1] Gold Prices and Market Dynamics - Gold prices have increased significantly this year, rising approximately 29% year to date, driven by global trade tensions and safe-haven demand [3] - On April 22, gold prices reached a record high of $3,500 per ounce, and while they retreated, they closed the second quarter above $3,300 per ounce, marking a nearly 6% increase in the quarter [4] Company Performance Expectations - Gold mining companies are expected to benefit from higher gold prices and efforts to improve operational efficiency and reduce costs in their second-quarter results [2] - Despite higher mining costs due to inflationary pressures, companies are focused on reducing operational costs and improving efficiency, which is anticipated to support their margins [5] Selected Companies and Earnings Estimates - Barrick Mining Corporation is expected to report earnings of 47 cents per share, with an Earnings ESP of +1.14% and a Zacks Rank 1, having beaten earnings estimates in three of the last four quarters [9] - Franco-Nevada Corporation has an Earnings ESP of +0.91% and a Zacks Rank 3, with a consensus estimate of $1.10 for second-quarter earnings, benefiting from increased contributions from streaming agreements [11] - Integra Resources Corp. has an Earnings ESP of +4.76% and a Zacks Rank 3, with a consensus estimate of 7 cents for second-quarter earnings, expected to benefit from strong production at the Florida Canyon mine [13]

Core Viewpoint - Harley-Davidson has suspended its full-year financial forecast for 2025 due to uncertainties surrounding global tariffs and macroeconomic conditions [1][3]. Financial Performance - The company reported a 21% decline in global motorcycle sales compared to the previous year, attributed to a volatile macroeconomic environment and consumer uncertainty [3]. - Retail sales in the US were softer than expected, with motorcycle shipments dropping to 24,865 in Q1 from 41,577 in the same period last year [4]. - Revenue fell by 23% in the first quarter to $1.33 billion compared to the previous year [4]. Tariff Impact - Harley-Davidson estimates its tariff bill could reach $175 million this year, primarily due to imports from China facing a 145% tariff, despite most suppliers being based in the US [1][8]. Strategic Focus - The company is concentrating on cost productivity measures, supply chain mitigation, controlling operating expenses, and reducing dealer inventory, as stated by CEO Jochen Zeitz [4]. Market Reaction - Shares in Harley-Davidson increased by 3.4% around midday [5]. Economic Context - Recent data indicated that the US economy unexpectedly shrank as companies rushed to import goods ahead of tariffs, while consumer sentiment fell to its lowest level since October 2011 [6]. Leadership Changes - Harley-Davidson is searching for a new CEO as Jochen Zeitz plans to retire [6]. - Investment firm H Partners is attempting to remove Zeitz and two other directors from the board, citing poor performance and cultural issues [7].

Industry Overview - The Zacks Mining – Gold industry is part of the broader Zacks Basic Materials sector, which is expected to see a significant decline in earnings for Q1, projected to fall by 17.8% with a 0.7% decrease in revenues [1] - Gold prices have surged approximately 27% year-to-date, driven by global trade tensions and increased safe-haven demand [3] - Gold reached a record high of $3,500 per ounce on April 22, with a nearly 19% increase in the first quarter [4] Company Performance - Gold mining companies are anticipated to benefit from higher gold prices and improved operational efficiency, despite facing inflationary pressures on input costs [2][5] - Kinross Gold Corporation (KGC) is expected to report earnings of 22 cents, with an Earnings ESP of +11.07% and a Zacks Rank 2, having surpassed estimates in three of the last four quarters [8][9] - Sandstorm Gold Ltd. (SAND) is projected to report earnings of 5 cents, with an Earnings ESP of +6.67% and a Zacks Rank 2, although it has missed estimates in three of the last four quarters [11][12] - IAMGOLD Corporation (IAG) is expected to report earnings of 10 cents, with an Earnings ESP of +9.69% and a Zacks Rank 3, having beaten estimates in three of the last four quarters [13][14] Strategic Actions - Gold miners are focusing on reducing operational costs, improving efficiency, and concentrating on high-grade assets to support margins amid rising costs [5] - Companies are also working on paying down debt and eliminating non-core assets to enhance financial stability [5]

Core Viewpoint - Analyst Craig Moffett believes that Apple's plans to shift iPhone assembly to India are unrealistic and will not effectively address the cost issues related to tariffs [1][2][3]. Group 1: Supply Chain and Production - Moffett questions the feasibility of diversifying Apple's supply chain to India, stating that the supply chain would still be heavily reliant on China, which could face resistance [2][3]. - He emphasizes that moving assembly to India might only marginally help with tariff-related costs, while the impact on sales could be more significant [3]. Group 2: Financial Outlook - Moffett has reduced his price target for Apple shares from $184 to $141, indicating a potential 33% decline from the previous close, which is the lowest target on Wall Street according to FactSet [3]. - Despite having a "sell" rating on Apple since January 7, Moffett acknowledges the company's strong balance sheet and consumer franchise, attributing concerns more to valuation than company performance [4][5]. Group 3: Market Dynamics - The analyst highlights that the ongoing global trade war is affecting both costs and sales, with potential demand destruction due to higher prices resulting from tariffs [5][6]. - Moffett notes that major carriers like AT&T, Verizon, and T-Mobile will not absorb the additional tariff costs, leading to increased prices for consumers and potentially lower demand for iPhones [6]. - He points out that Apple is losing market share in China to local competitors like Huawei and Vivo, exacerbated by the backlash against the company due to U.S. tariffs [6][7].