Key Points
- Apple will need to hike prices around 9% to mitigate the effect of tariffs put into place by President Donald Trump, according to Bank of America.
- Apple has been under the microscope amid the ongoing tariff discussions.
Apple will need to raise prices for the iPhone, other products 9% to fully offset Trump’s coming tariffs, estimates Bank of America
Finance
Stocks making the biggest moves after hours: Intuit, Workday, Ross Stores, Deckers and more
Check out the companies making headlines in extended trading. Ross Stores — Shares pulled back more than 11%. Ross withdrew its earlier full-year guidance . The off-price retailer said that it expects second-quarter earnings to range from $1.40 to $1.55 per share, while analysts polled by LSEG sought $1.65 per share. Ross also said that […]
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Finance
Ray Dalio says to fear the bond market as deficit becomes critical
Ray Dalio, founder of Bridgewater Associates LP, speaks during the Greenwich Economic Forum in Greenwich, Connecticut, US, on Tuesday, Oct. 3, 2023. Bloomberg | Bloomberg | Getty Images Billionaire investor Ray Dalio on Thursday sounded another alarm on soaring U.S. debt and deficits, saying it should make investors fearful of the government bond market. “I think […]
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Finance
Dealmaking rebounds after Trump’s tariffs cut off a budding M&A boom
Key Points Optimism on dealmaking appears to be back now that President Donald Trump has suspended his highest tariffs and market jitters take a backseat. U.S. deal activity plunged by 66% to $9 billion during the first week of April, according to Mergermarket data, after Trump’s “liberation day” tariff announcement. Activity is rebounding this month […]
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