Fewer international tourists are visiting the U.S. — economic losses could be ‘staggering,’ researchers estimate

Fewer international tourists are visiting the U.S. — economic losses could be ‘staggering,’ researchers estimate


Key Points
  • Spending among international visitors to the U.S. is poised to fall $8.5 billion this year, according to Oxford Economics.
  • Tourists are avoiding the U.S. as a destination amid tensions tied to Trump administration policy tied to trade and the border, experts said.
  • A relatively strong dollar and weak global growth prospects are also playing a role, they said.



Source

Stocks making the biggest moves premarket: Nvidia, E.l.f. Beauty, HP, Burlington Stores and more
Finance

Stocks making the biggest moves premarket: Nvidia, E.l.f. Beauty, HP, Burlington Stores and more

Check out the companies making headlines before the bell. Nvidia — The graphics processing unit manufacturer popped 6% after fiscal first-quarter adjusted earnings of 96 cents per share exceeded the 93 cents analysts polled by LSEG had expected. Nvidia’s revenue of $44.06 billion also beat forecasts of $43.31 billion. Other chip stocks rallied in sympathy. […]

Read More
China’s EV price war is heating up. What’s behind the big discounts?
Finance

China’s EV price war is heating up. What’s behind the big discounts?

Key Points Industry giant BYD announced a slew of discounts — some of nearly 30% or more – on selected models. The average car price has fallen by around 19% over the past two years in China to around 165,000 yuan ($22,900). Rather than reflecting market expansion, double-digit growth of new energy vehicles sales in […]

Read More
Stocks making the biggest moves after hours: Nvidia, Salesforce, HP and more
Finance

Stocks making the biggest moves after hours: Nvidia, Salesforce, HP and more

Check out the companies making headlines in after-hours trading: Nvidia — The artificial intelligence chipmaker’s shares jumped 5% after Nvidia reported better-than-expected quarterly results , as its data center business recorded year-over-year growth of 73%. Nvidia reported first-quarter adjusted earnings per share of 96 cents on revenue of $44.06 billion, higher than analysts’ estimates for […]

Read More