Economy
China’s shipments to U.S. plunge 21% in April while overall exports surge, beating estimates
A China Shipping cargo container sits stacked at the Port of Long Beach in Long Beach, California on April 10, 2025. Patrick T. Fallon | Afp | Getty Images China’s exports surged in April even as shipments to the U.S. plunged as businesses bore the brunt of prohibitive U.S. tariffs that kicked in last month. […]
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Stocks making the biggest moves after hours: Affirm, Coinbase, Pinterest and more
Check out the companies making headlines in extended trading. Affirm — Stock in the buy now, pay later company pulled back nearly 8%. Affirm issued fiscal fourth- quarter revenue guidance ranging between $815 million and $845 million, with a midpoint of $830 million. That’s short of the consensus estimate of $841 million, per LSEG. Pinterest […]
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Confidence around tariffs is improving with key China talks on deck
Wall Street cheered on Thursday as the first green shoots from President Donald Trump’s trade negotiations emerged, one day before the one-month anniversary of the April 9 tariff pause and just ahead of key talks with China . Officials from the U.S. and United Kingdom announced that the countries have agreed to the outline of […]
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Stocks making the biggest moves midday: AppLovin, Carvana, MercadoLibre, Crocs and more
Check out the companies making headlines in midday trading. AppLovin — The mobile ad tech company jumped 12% after first-quarter results that beat analyst expectations. AppLovin also announced it would sell its mobile gaming business in a $400 million deal. Carvana — Shares jumped more than 11% after the online used car marketplace posted better-than-expected […]
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Why the Bank of England governor thinks uncertainty is here to stay despite a trade deal
Bank of England Governor Andrew Bailey attends the central bank’s Monetary Policy Report press conference at the Bank of England, in the City of London, on May 8, 2025. Carlos Jasso | Afp | Getty Images Bank of England Governor Andrew Bailey told CNBC on Thursday that the U.K. was heading for more economic uncertainty, […]
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Watch live: Trump unveils United Kingdom trade deal, first since ‘reciprocal’ tariff pause
President Donald Trump on Thursday unveiled the broad outline of a trade agreement with the United Kingdom. The deal is the first by the United States with a country whose imports were subject to new tariffs imposed by Trump in early April. But specifics about the deal were not immediately clear, and nothing was signed […]
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Stocks making the biggest moves premarket: Shopify, AppLovin, Peloton, Tapestry and more
Check out the companies making headlines in premarket trading. Shopify — Shares of the commerce technology platform dove 8.7% even after first-quarter revenue came in at $2.36 billion, beating the FactSet consensus estimate of $2.33 billion. Shopify had risen 20% over the past month, and its full year guidance set operating expenses at 39%-40% of […]
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European Union to launch dispute against U.S. tariffs with World Trade Organization
This photograph shows a European flag flying outside the EU headquarters in Brussels on May 6, 2025. Nicolas Tucat | Afp | Getty Images The European Union’s executive arm on Thursday said it would launch a dispute with the World Trade Organization over the U.S.’s “reciprocal” tariff policy. The European Commission also said it had […]
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Stocks making the biggest moves after hours: AppLovin, Arm Holdings, Flutter Entertainment, Fortinet and more
Check out the companies making headlines in after-hours trading. AppLovin – The AI-powered marketing platform saw shares rallying 13% in extended trading after the company reported stronger-than-expected quarterly results. AppLovin’s posted an EPS of $1.67, higher than an LSEG consensus estimate of $1.45 per share. Revenue of $1.48 billion also came in above expectations. The […]
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Trump’s ambassador to China sworn in ahead of high-stakes talks in Switzerland
U.S. President Donald Trump shakes hands with former U.S. Senator David Perdue during Perdue’s swearing-in ceremony to be the new U.S. ambassador to China, at the White House in Washington, D.C., U.S., May 7, 2025. Leah Millis | Reuters President Donald Trump’s pick for U.S. ambassador to China was sworn in on Wednesday, days before […]
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