Trump tariffs live updates: China warns other countries, US companies seek clarity

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China accused the US of weaponizing tariffs to pressure other countries; US tariffs on Chinese imports have reached 245%; China raised duties on US goods to 125%; Trump expressed optimism about trade talks; US Treasury Secretary Scott Bessent optimistic about tariff clarity; Chipotle plans to open its first restaurant in Mexico; JD Vance met with Indian PM Modi for trade talks; China significantly cut imports of US goods; South Korea and US to negotiate tariffs; China's ambassador urged for peaceful coexistence; tariffs expected to increase prices for baby products; gold flows reversed as US excludes gold from tariffs.

#Tariffs #TradeWar #China #Us #Economy #Trump #Negotiations #Retail #Imports #Exports

https://finance.yahoo.com/news/live/trump-tariffs-live-updates-china-warns-other-countries-us-companies-seek-clarity-191201538.html

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German Investor Confidence Increases Less Than Anticipated

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Investor confidence in Germany’s economy improved less than anticipated, with the ZEW institute's expectations gauge rising to 47.5 in June from 47.1 in May, falling short of the forecasted 50. A measure of current conditions fell slightly. The manufacturing sector has been a weak spot in the German economy, and there are indications that the moderate recovery is coming to an end. The Bundesbank forecasts the German economy to slowly gain momentum in 2024, with real GDP increasing by 0.3% this year and growth accelerating to 1.1% in 2025 and 1.4% in 2026. However, some economists argue that a renewed phase of stagnation is imminent. Industry data in April suggested a poor start to the second quarter.

#GermanEconomy #InvestorConfidence #ManufacturingSector #EconomicRecovery

https://finance.yahoo.com/news/german-investor-confidence-increases-less-091132947.html

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The Most Liberal State in the US

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Massachusetts is considered the most liberal state in the US, with 35% of its population identifying as liberal and only 21% as conservative. The state has liberal policies on abortion rights and strict gun control laws. It is known for its robust social safety net, including universal healthcare coverage. Both US Senators from Massachusetts are Democrats. Companies like Amazon, Nike, and Google are known for their liberalism. Amazon supports LGBTQ+ rights and has made significant investments in the US. Nike has consistently given a majority of its political donations to Republicans. Google has been perceived as a liberal-leaning company based on its employees' political contributions. The methodology for ranking the most liberal states is based on liberal-to-conservative ratios. Massachusetts tops the list with a ratio of 1.60. For more details on the most liberal states in the US, refer to the full report.

#Liberalism #Massachusetts #UsPolitics #Companies #Amazon #Nike #Google

https://finance.yahoo.com/news/most-liberal-state-us-162333024.html

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Stocks Fall on US Economic Data and Europe Angst: Markets Wrap

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The stock market is ending the week on a sour note after a disappointing US economic data and worries that a political crisis in France is deepening. US consumer sentiment unexpectedly fell to a seven-month low. French shares lost roughly $200 billion in market capitalization following President Emmanuel Macron’s decision to call a snap election. The nation’s bonds were at the heart of the rout, with the premium that investors demand to own 10-year debt over safer German peers heading for the biggest weekly surge on record. Traders shunned risk assets. The S&P 500 dropped to around 5,410. The Stoxx Europe 600 fell almost 1%. Treasury 10-year yields declined five basis points to 4.20%. The dollar headed toward its highest since November. The euro is the worst-performing major currency this week against the greenback. Transactions of more than $1 million among the dollar-denominated bonds of major French banks have proliferated in recent days. Tesla Inc. investors re-approved Elon Musk’s compensation and cleared the company moving its legal home to Texas. Adobe Inc. projected strong future sales for its creative products. Furniture retailer RH reported a heavier-than-expected first-quarter loss.

#StockMarket #UsEconomicData #Europe #France #UsConsumerSentiment #Bonds #RiskAssets #S&p500 #StoxxEurope600 #TreasuryYields #Dollar #Euro #Tesla #Adobe #Rh

https://finance.yahoo.com/news/asian-stocks-set-fall-yen-223414813.html

Stock market today: Wall Street slumps after latest signal of an economic slowdown, as oil tumbles

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U.S. stocks are slumping following the latest signal showing the U.S. economy is slowing. The S&P 500 was down 0.2% in afternoon trading. The Dow Jones Industrial Average was down 236 points, or 0.6%. The Nasdaq composite rose 0.1%. Treasury yields were also sliding in the bond market after a report showed U.S. manufacturing shrank in May for the 18th time in 19 months. Stocks of oil-and-gas producers were leading the market lower after the price of crude tumbled. Halliburton tumbled 5.3%, and Exxon Mobil sank 2.4%. Nvidia climbed another 3.4% to bring its gain for this year to 129%. GameStop soared 33.8% after a Reddit account associated with a central character in the 2021 episode said it had built a stake of 5 million shares. Stericycle jumped 14.8% after Waste Management said it would buy the medical-waste company for $5.8 billion in cash. Hertz Global sank 4.5% after it said its chief operating officer is leaving and named a new chief financial officer. In the bond market, the yield on the 10-year Treasury fell to 4.40% from 4.50%. The two-year yield fell to 4.82% from 4.88%. India’s Sensex soared 3.4% after the country’s 6-week-long election came to an end with most exit polls projecting that Prime Minister Narendra Modi will remain in power with a third consecutive term. Stocks in Mexico slumped 5.7% after Claudia Sheinbaum won in that country's presidential election. Stock indexes were higher across much of Europe and Asia, though Shanghai and London were exceptions.

#StockMarket #WallStreet #EconomicSlowdown #OilPrices

https://finance.yahoo.com/news/stock-market-today-asian-shares-033603812.html

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Billionaire Diane Hendricks: How She Became America’s Richest Self-Made Woman

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Diane Hendricks is the richest self-made woman in America with a net worth of $20.9 billion. She is the chair of ABC Supply, a wholesale distributor of roofing, siding, and windows. Hendricks co-founded the company with her late husband in 1982. Under her leadership, ABC Supply made significant acquisitions, including rival Bradco in 2010 and building materials distributor L&W Supply in 2016. The company now has over 900 branch locations and generated $18.5 billion in annual revenue as of 2022. Before founding ABC Supply, Hendricks and her husband made their living through rental properties. They purchased and renovated 200 older homes, renting them out to college students. ABC Supply started with the purchase of two struggling building supply stores and focused on providing exceptional customer service. Within five years, the company had 50 stores and made about $140 million in sales. During the Great Recession, when the real estate market collapsed, Hendricks seized the opportunity to acquire rival Bradco at fire-sale prices. She took on a big risk by giving up 40% of her stake in ABC, but was able to buy it back within four years. Hendricks' success is attributed to her willingness to get her hands dirty, her focus on customer service, and her ability to find opportunities in downswings.

#DianeHendricks #AbcSupply #SelfmadeWoman #Wealth

https://finance.yahoo.com/news/billionaire-diane-hendricks-she-became-140008353.html

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Germany makes slight upgrade to economic growth forecast

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The German government has slightly raised its growth forecast for this year, with growth of 0.3% now expected. In February, the government had downgraded its forecast to just 0.2%. Economy Minister Robert Habeck said there are signs of a slight economic upturn in the course of the year, while inflation is expected to decline. The increase in consumer prices should fall from 5.9% last year to 2.4% in the current year, bolstering household purchasing power and helping private consumption recover. The German government is forecasting GDP growth of 1% in 2025. Business associations have called for significant relief for companies, and Habeck has spoken out in favor of a growth package. The pro-business Free Democrat Party recently caused a stir with demands for relief for the economy and restrictions on the welfare state, which was met with criticism from Chancellor Olaf Scholz's center-left Social Democrats.

https://finance.yahoo.com/news/germany-makes-slight-upgrade-economic-135952088.html

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Germany nudges up growth forecast, ailing economy at 'turning point'

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The German government slightly increased its 2024 growth forecast to 0.3 percent, up from a previous prediction of 0.2 percent. The economy ministry cited improvements in key indicators, such as factory output and business activity, as signs of a 'turning point' for the economy. The ministry also lowered its inflation forecast for this year to 2.4 percent and expects it to fall below two percent next year. Despite the positive outlook, officials warn that Germany's growth is still slower than other developed economies and faces deep-rooted problems such as an ageing population and labour shortages.

#Germany #Economy #GrowthForecast #EconomicIndicators #Inflation

https://finance.yahoo.com/news/german-forecast-offer-signs-ailing-032539107.html

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Germany nudges up growth forecast, ailing economy at 'turning point'

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The German government slightly increased its 2024 growth forecast to 0.3 percent, up from a previous prediction of 0.2 percent. The economy ministry cited improvements in key indicators, such as factory output and business activity, as signs of a 'turning point' for the economy. The ministry also lowered its inflation forecast for this year to 2.4 percent and expects it to fall below two percent next year. Despite the positive outlook, officials warn that Germany's growth is still slower than other developed economies and faces deep-rooted problems such as an ageing population and labour shortages.

#Germany #Economy #GrowthForecast #EconomicIndicators #Inflation

https://finance.yahoo.com/news/german-forecast-offer-signs-ailing-032539107.html

US closes $362 million loan to CelLink for vehicle wiring plant

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The United States has closed a $362 million loan to CelLink Corp to help finance the construction of a plant in Texas to make components for electric vehicle assembly. The financing is for the development of lighter, more efficient flexible circuit wiring harnesses for automotive and other industries. Once operational, the plant is expected to produce enough wiring harnesses to support the manufacture of about 2.7 million EVs per year and more than 1,200 jobs. The Texas facility will eventually hold up to 25 manufacturing lines that will be brought online in stages over the next several years depending on demand.

#Us #Cellink #Loan #VehicleWiringPlant #ElectricVehicle #AutomotiveIndustry #Manufacturing

https://finance.yahoo.com/news/us-closes-362-million-loan-130712655.html

US Orders for Business Equipment Tick Up After Downward Revision

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Orders placed with US factories for business equipment rose modestly in March, with the value of core capital goods orders increasing 0.2% after a downwardly revised 0.4% advance in February. Bookings for all durable goods rose 2.6%, and excluding transportation equipment, orders climbed 0.2%. The gain in overall durables orders included increases in motor vehicles and computers and electronic products. New orders for capital goods were much stronger on the back of firmer commercial aircraft and defense-related bookings. The second-straight increase in core capital goods orders points to some stabilization in equipment investment. Core capital goods shipments rose 0.2% after falling in February. Recent purchasing managers surveys have sent mixed signals for US manufacturing, with the Institute for Supply Management's manufacturing gauge showing factory activity expanded in March for the first time since September 2022, while the S&P Global flash April PMI contracted for the first time in four months.

#UsFactoryOrders #BusinessEquipment #CapitalGoods #DurableGoods #Manufacturing #Investment

https://finance.yahoo.com/news/us-orders-business-equipment-tick-130101483.html

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Germany makes slight upgrade to economic growth forecast

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The German government has slightly raised its growth forecast for this year, with growth of 0.3% now expected. In February, the government had downgraded its forecast to just 0.2%. Economy Minister Robert Habeck said there are signs of a slight economic upturn in the course of the year, while inflation is expected to decline. The forecast also predicts that consumer prices will fall from 5.9% last year to 2.4% this year, boosting household purchasing power and aiding in the recovery of private consumption. The German government is forecasting GDP growth of 1% in 2025.

#Germany #EconomicGrowth #Forecast #Inflation #ConsumerPrices #Gdp

https://finance.yahoo.com/news/germany-makes-slight-upgrade-economic-130038831.html