
Apple stock slips as Tim Cook says he expects $900 million Q2 tariff hit
The company announced it upped its quarterly cash dividend to $0.26 per share and its board approved a $100 billion share buyback program.
The company announced it upped its quarterly cash dividend to $0.26 per share and its board approved a $100 billion share buyback program.
Up 54% since Trump took office, Palantir has emerged unscathed from the S&P 500’s worst start to a presidency in 51 years.
Tesla’s $19.3 billion revenue was far below analyst forecasts of $21.3 billion.
This may be a “concession” from the Silicon Valley firm to get the White House to loosen further AI regulations, one analyst speculated.
Stocks roared back to life Wednesday afternoon after President Donald Trump announced a 90-day delay on the most significant of his tariffs, just hours after the levies went into effect, sparking extensive carnage across financial markets.
Trump imposed Tuesday an additional 10% levy on the more than $400 billion of Chinese goods exported to the U.S. annually.
“I loudly urge Musk and the Board to step up, stop being silent, and help resolve this crisis forming at Tesla,” wrote Wedbush analyst Dan Ives.
Tesla stock had its best percentage gain in two months Wednesday, but some prominent Wall Street analysts are starting to sour on Elon Musk’s company.
One of the biggest victims of the tariff selloff, Tesla stock’s post-election rally now stands at less than 4% after once enjoying a 90% gain.
Nvidia’s “massive” earnings report came in better than Wall Street expected.