Commerce Secretary Howard Lutnick is in the middle of the action with trade wars taking center stage. And that's just the way he likes it https://t.co/6LOPZLx4bn ...

Bloomberg News will host its annual Global Credit Forum in Los Angeles as questions around trade wars, persistent inflation and growing concern of a slowdown in the world's largest economy loom large. Bloomberg Television's Lisa Abramowicz and Dani Burger will speak to some of the industry's most influential voices to explore where the market goes from here. ...

US trade officials meeting their Chinese counterparts in London to continue trade talks. The trade policy uncertainty just one of the many layers of worries hanging overhead for the US economy. For more, we bring in Princeton University professor Alan Blinder, former Fed vice chair.He also served as a member of President Clinton's Council of Economic Advisors. Alan, it's always great to get your perspective. I know you also recently wrote about uh more broadly some of the policies of the Trump administratio ...

Core Viewpoint - Best Buy has adjusted its revenue and profit guidance for fiscal 2026 due to the impact of higher tariffs, reflecting a challenging retail environment [2][3] Financial Performance - Best Buy's net income for the three-month period ending May 3 declined by approximately 18% to $202 million from $246 million in the same period last year [5] - First-quarter revenue dropped from $8.85 billion in the year-ago period [5] - Comparable sales fell by 0.7% year-on-year in the U.S., with declines in categories like home theaters and appliances, although there was growth in computing, cell phone, and tablet categories [6] Revenue Guidance - The company downgraded its revenue expectations for fiscal 2026 to a range of $41.1 billion to $41.9 billion, down from a previous range of $41.4 billion to $42.2 billion [2] Tariff Impact and Strategy - Best Buy has increased prices on some items due to higher costs from tariffs, with changes implemented by mid-May [2] - The company has reduced its reliance on Chinese imports, with China now accounting for 30% to 35% of its merchandise, down from 55% [7][8] - About 25% of merchandise comes from the U.S. or Mexico, which are not subject to tariffs, while the remaining 40% is sourced from other countries like Vietnam, India, South Korea, and Taiwan, which face a 10% tariff [7][8] Operational Adjustments - Best Buy has encouraged vendors to manufacture in multiple countries, negotiated lower costs, and adjusted its merchandise mix [9] - The company is focusing on improving customer experience, enhancing digital and in-store integration, and expanding its third-party marketplace and retail media businesses [9] Market Trends - Following a pandemic-related boost in sales for home offices and entertainment centers, Best Buy has faced declining sales over the past three years [10] - The lack of hit tech products has been a challenge, but new product launches, such as the Nintendo Switch 2, are anticipated to attract customers [11] - Smartphone sales have shown strength, with increased staffing at Best Buy stores by Verizon and AT&T to meet demand [12]

Invest Heroes LLC is a CIS-based research firm founded in 2018. Since then, we provide equity and fixed income research services which become more and more well-known locally among both professional investors and private clients. Here’s what we do: - Cover top 120+ Russian, US and Chinese stocks - Cover 200+ Russian bonds (corporate, SOE’s) Provide our research as a paid service to several institutional clients, a couple dozen of asset managers/PM’s and about 3000 private clients Our team consists of 2 stra ...

Rivian said in its earnings report Tuesday it will likely deliver fewer vehicles this year than previously forecasted due to President Trump’s tariffs and other regulatory changes, making it the latest automaker to be affected by the new administration’s chaotic economic policies.The company said Tuesday it expects to deliver between 40,000 and 46,000 EVs by the end of 2025. That’s despite Rivian saying one month ago that it was still holding to its estimate of delivering 46,000 to 51,000 vehicles across th ...

Rivian says it will likely deliver fewer vehicles this year than previously forecasted due to President Trump’s tariffs and other regulatory changes, making it the latest automaker to be affected by the new administration’s chaotic economic policies. The company said Tuesday it expects to deliver between 40,000 and 46,000 EVs by the end of 2025. That’s despite Rivian saying one month ago that it was still holding to its estimate of delivering 46,000 to 51,000 vehicles across this year. Rivian’s announcemen ...

Now may be a smart time to buy small stakes in these fundamentally robust companies.In 2025, Wall Street has been rattled with increasing concerns about U.S.-China trade wars, escalating geopolitical pressures, rising economic uncertainties, and growing recession fears. The benchmark S&P 500 index is down nearly 4.7% in 2025.However, this market volatility and sell-off have opened up attractive entry opportunities for retail investors. Companies such as Broadcom (AVGO 3.17%), Shopify (SHOP 2.34%), Vertex Ph ...

Here's our initial take on Apple's (AAPL 0.22%) financial report.Key MetricsMetricQ2 2024Q2 2025Changevs. ExpectationsRevenue$90.8 billion$95.4 billion5%BeatEarnings per share$1.53$1.658%BeatiPhone revenue$46.0 billion$46.8 billion2%n/aServices revenue$23.9 billion$26.6 billion12%n/aApple Makes Progress Navigating Trade IssuesInvestor focus coming into this quarter centered on how Apple is navigating ongoing trade wars. The answer was a mixed message.First, the good news: Apple said a majority of its device ...

America's top supermarket chain could continue to outperform the market.Shares of Kroger (KR 1.29%) rallied nearly 30% over the past 12 months as the S&P 500 advanced less than 10%. The largest supermarket operator in America dazzled the market with its robust sales growth, its resistance to macro headwinds, and its effective digital strategies. It also ramped up its buybacks after its planned merger with Albertsons (NYSE: ACI) collapsed.But can Kroger's stock keep climbing higher over the next 12 months as ...