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Trump threatens 200% tariff on China over possible export curbs: 'They have to give us magnets'
CNBC· 2025-08-26 02:32
US President Donald Trump during a meeting with Lee Jae Myung, South Korea's president, not pictured, in the Oval Office of the White House in Washington, DC, US, on Monday, Aug. 25, 2025.U.S. President Donald Trump on Monday stateside warned of steeper tariffs on China if exports of rare-earth magnets were curbed, threatening a precarious trade truce between the world's two largest economies."They have to give us magnets, if they don't give us magnets, then we have to charge them 200% tariffs or something, ...
Nasdaq Gains Over 100 Points; BJ's Wholesale Earnings Top Views
Benzinga· 2025-05-22 14:15
Market Overview - U.S. stocks traded mostly higher, with the Nasdaq Composite gaining over 100 points on Thursday [1] - The Dow rose 0.01% to 41,866.30, the NASDAQ increased by 0.74% to 19,011.97, and the S&P 500 gained 0.20% to 5,856.20 [1] Sector Performance - Communication services shares increased by 1.7% on Thursday [1] - Utilities stocks experienced a decline of 1.8% [1] Company Earnings - BJ's Wholesale Club Holdings, Inc. reported adjusted earnings per share of $1.14, exceeding the analyst consensus estimate of 92 cents [2] - Quarterly revenues were $5.15 billion, a 4.7% year-over-year increase, but fell short of the expected $5.20 billion [2] - The company reaffirmed its full-year 2025 adjusted earnings guidance of $4.10 to $4.30 per share, compared to the $4.24 estimate [2] Stock Movements - Vigil Neuroscience, Inc. shares surged 243% to $7.91 following the announcement of its acquisition by Sanofi for approximately $600 million [8] - Navitas Semiconductor Corporation shares rose 128% to $4.3335 after being selected by NVIDIA for collaboration [8] - Advance Auto Parts, Inc. shares increased by 44% to $45.14 due to better-than-expected first-quarter results [8] - CEL-SCI Corporation shares dropped 46% to $2.4309 after announcing a $5 million public offering [8] - Sunrun Inc. shares fell 40% to $6.44 after a downgrade from BMO Capital [8] - Enphase Energy, Inc. shares decreased by 16% to $39.85 [8] Economic Indicators - U.S. existing home sales fell 0.5% month-over-month to an annual rate of 4.00 million, the lowest level in six months [10] - The S&P Global services PMI rose to 52.3 in May from 50.8 in April [10] - The S&P Global manufacturing PMI increased to 52.3 in May from 50.2 in April [10] - The Chicago Fed National Activity Index decreased to -0.25 in April from +0.03 in March [10] - U.S. initial jobless claims fell by 2,000 to 227,000 in the week ending May 17, compared to market estimates of 230,000 [10]
NextNRG Reports Preliminary April 2025 Revenues up 154% Year-over-Year
Globenewswire· 2025-05-16 12:00
Core Insights - NextNRG, Inc. reported strong preliminary financial results for April 2025, highlighting robust execution, sustained volume growth, and a scalable business model [1][2][3] Financial Performance - Revenue for April 2025 reached $5.82 million, representing a 154% increase year-over-year [10] - The company delivered 1.78 million gallons of fuel, marking a 207% year-over-year growth [10] Business Model and Strategy - The company emphasizes its AI-driven Utility Operating System and smart microgrid technology as key components of its strategy to enhance energy management and efficiency [5][6] - NextNRG's expansion into Oklahoma and the acquisition of Yoshi Mobility's fuel division and Shell Oil's trucks are part of its strategy to solidify its leadership in the on-demand fueling industry [2][7] Market Demand - There is growing demand from national fleet operators for NextNRG's on-demand fueling solutions, driven by the reliability, efficiency, and sustainability of its offerings [3][6] - The company aims to support fleet customers in transitioning to electric vehicles (EVs) through the integration of sustainable energy solutions and innovative wireless EV charging [7]