Investing.com -- In a note to clients on Friday, Mizuho TMT specialist Jordan Klein warned that escalating rhetoric from President Donald Trump targeting Apple (NASDAQ:AAPL) could spell trouble for the tech giant as it navigates global production shifts.“Tim Cook has no great outcomes here,” Klein wrote, following Trump’s social media threats to impose a 25% tariff on iPhones not made i ...
Investing.com -- Canada’s main stock index was down Friday on trade uncertainty following market open.By 9:40 ET, the bellwether S&P/TSX 60 index was down 3.5 points or 0.2%, having gained 0.1% in yesterday’s session.Toronto’s S&P/TSX Composite dropped 58.1 points or 0.2% following the previous session, in which the index posted gains of 14.8 points or 0.1%.Underpinning sentiment was ...
By Vallari Srivastava and Medha Singh (Reuters) -Shares of nuclear power companies surged after a report that U.S. President Donald Trump would sign executive orders as soon as Friday to jumpstart the industry. Trump is expected to streamline the regulatory process for new reactor approvals and enhance fuel supply chains, Reuters reported citing four sources familiar with the matter. U.S. power co ...
By Shashwat Chauhan and Kanchana Chakravarty (Reuters) -Wall Street’s main indexes slumped on Friday after U.S. President Donald Trump recommended 50% tariffs on the European Union, while Apple (NASDAQ:AAPL) tumbled after he warned it would have to pay tariffs if iPhones were not manufactured in the United States. "The European Union, which was formed for the primary purpose of taking advantage ...