Latest News View More Trump metals tariffs propel gold, pressure China steel shares U.S. President Donald Trump's 25% tariffs on steel and aluminium sent gold to record highs on worries of widening trade conflict and inflation, while some countries held out hope for negotiations and Chinese steel firm shares came under pressure. China, the biggest steel maker, is not a top direct exporter of steel to the U.S. but Trump said that China's exports had forced others to ship more to the U.S., while rising imports "support a conclusion" of transshipment or processing of steel products via third party countries into the U.S. After saying there would be no exemptions, Trump agreed to consider one for Australia following a call with Prime Minister Anthony Albanese, adding that Australia was "one of the few" countries with which the United States had a trade surplus. Reuters • 11 minutes ago BP vows ‘fundamental reset’ after profits plunge China's CATL restarts lithium mine, refinery in Jiangxi province Stocks Waver as Tariff News Spurs Cautious Trade: Markets Wrap Vietnam Dong Declines to Record Low Against US Dollar Chinese car sales post biggest drop in almost a year in January BP Pledges Strategy ‘Reset’ as Activist Elliott Builds Stake Stock Market News View More Trump Tariffs Spell Fresh Turmoil for Volatile Aluminum Market (Bloomberg) -- The global aluminum market is entering a fresh period of upheaval as traders rush to assess the potential impact of renewed US protectionism under President Donald Trump.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay S Bloomberg • 1 hour ago ANZGF ANZGY Stock of the Day: US Steel surges 6% on Trump plan for metal tariffs Why video game stocks are dominating right now Stock market today: Asian stocks down after Trump imposes tariffs on imports of steel and aluminum Wall Street is predicting a hit to S&P 500 earnings as a result of Trump's tariff plans Billionaire Investor Tepper Boosted Bets on China Before Stocks Rally Stock market today: Dow, S&P 500, Nasdaq futures slide as Trump orders new tariffs Earnings View More Valuation risks loom large over Australia's top bank CBA's first-half earnings Commonwealth Bank of Australia's strong asset quality is expected to help the lender deliver marginal cash earnings growth in the first half, though analysts believe its lofty valuation seems untenable amid rising macroeconomic headwinds. Shares in CBA, Australia's biggest bank, have soared nearly 70% since November 2023 when the central bank lifted interest rates to a 12-year-high, propelling the stock to trade at more than 26 times its future earnings with a 4.1% dividend yield. In comparison, an MSCI gauge of world banks, in which JPMorgan, Bank of America, Wells Fargo and Citigroup hold an aggregate 34% weight, is trading at 11 times future earnings with a 3.65% dividend yield. Reuters • 9 hours ago Fourth-Quarter Earnings Are Beating the Street's Estimates. Here's How Much Columbus McKinnon (NASDAQ:CMCO) Reports Sales Below Analyst Estimates In Q4 Earnings Big Tech’s Grip on Market Shows Cracks as Earnings Fall Flat McDonald's misses the target with Q4 earnings as it looks to boost value perception in 2025 DoorDash Earnings: What To Look For From DASH Lyft (LYFT) Q4 Earnings Report Preview: What To Look For Meta's Zuckerberg telling 'very compelling' AI story: Analyst As Meta Platforms (META) shares continue their longest-running winning streak to date, Wall Street is keyed in on the tech giant's forecasts for $119 billion in capital expenditure (CapEx) spending in 2025. RBC Capital Markets Equity Analyst Brad Erickson joins Market Domination to speak more about the central theme of Big Tech's CapEx spending as it pertains to Meta. "Right now, we're all talking about AI applications and what those can turn into, ao a lot of this is kind of narrative," Erickson tells Julie Hyman and Josh Lipton. "They [Meta] have the best narrative I would argue. And what I mean by that is when you think about... what agents could provide, think of like a private like fitness coach or something as an agent, like there's real utility I think that people can kind of imagine on this platform." Watch the video above to hear Brad Erickson comment on Meta's platform policy changes under the second Trump administration. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan. 07:19 How Trump's tariffs could lead to more M&A activity 03:15 3 sectors investors should consider amid economic uncertainty 02:11 Consumers are feeling the pinch of egg prices. Here's why. 02:51 Is a resurgence in value stocks coming? How to pick winners. From the Yahoo Finance Newsroom View More As he targets the CFPB, Elon Musk looks to dismantle his own potential regulator Elon Musk reportedly offers $97.4B for OpenAI, Sam Altman says 'no thank you' Stock market today: S&P 500, Nasdaq lead rally as Nvidia jumps, markets brush off Trump tariff threats Newman: Why Trump is killing the penny and ransacking the government The Magnificent 7 trade is struggling — Here's why Disney removes two DEI programs from annual filing as more companies scale back diversity commitments Rivian opens up commercial van orders, a potentially lucrative business Musk suggests closer scrutiny of Fed as Powell prepares to face Congress Premium News View More The ‘GPU Whisperer’ Making Software for Data Centers Equities Move up as Markets Track Tariff News, Await Inflation Data Consumers' Long-Term Inflation Expectations Rise in January, New York Fed Survey Shows Apartment Rents Stabilize in January as Supply, Demand Move in Lockstep, Redfin Says Monday.com Forecasts Double-Digit Revenue Growth in 2025 Following Fourth-Quarter Beat TD Bank to Sell Entire Charles Schwab Stake Following Strategic Review S&P 500 Companies' Quarterly Results Have Topped Growth Views so Far, Oppenheimer Says Equities Rise Intraday as Markets Track Tariff News, Await Inflation Data Housing View More ‘My 1.3pc mortgage rate is soaring to 4.5pc – how will I survive?’ Mortgage and refinance rates today, February 10, 2025: Buying could get more expensive soon 2024 new home sales hit their highest pace in three years. Does that mean lower home prices are around the corner? 25 Best Cities To Move to With Cheap Housing and a Strong Job Market 20 Housing Markets Where Homes Will Skyrocket in Value Before the End of 2025 11 US cities where home prices are falling the most BofA to buy $9 billion residential mortgage loan from Canada's TD, source says Bank of America to Buy $9 Billion Jumbo Mortgage Portfolio From TD Personal Finance Introducing TruVision: A new tool that uses your banking data to generate a credit score Yahoo Personal Finance • 12 hours ago What do you need to qualify for a home equity loan? Here are the requirements. Best money market account rates today: February 10, 2025 (earn up to 4.75% APY) Tech BP promises fundamental reset as Q4 profit hit four-year low Reuters • 1 hour ago Novartis agrees to acquire Anthos for up to $3.1 billion SoftBank Weighs Debt-Heavy Financing in $500 Billion AI Push Crypto Grayscale ETF Application Helps Cardano's ADA Outshine Bitcoin and Ether CoinDesk • 2 hours ago Bitcoin Hoarder’s Stock Soars 4,800% in Japan on Crypto Rally Bitcoin’s future? ‘It only ends up… by the end of the year,’ says Bitdeer’s Jeff LaBerge More News An AI giant poses a new threat to Nvidia Microsoft-backed OpenAI is looking to reshape the global market for AI-powering chips and processors. Is Nvidia Still a Millionaire-Maker Stock? Historically, few companies have demonstrated more millionaire-maker potential than Nvidia (NASDAQ: NVDA). And so far, there is little evidence that the emergence of low-cost Chinese rival DeepSeek (which claims to have trained an industry-leading LLM on "primitive" H800 chips) is hurting demand for Nvidia's newest chips. Markets react to Trump's tariffs on steel and aluminium imports SINGAPORE (Reuters) -U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties. The dollar rose and U.S. Treasury yields ticked higher. "Investors and short-term traders are now in flux in terms of playbook positioning as the global economy has not faced a stagflation environment in the last 15 years since the Great Financial Crisis of 2009." How Canada's Shopify is weaving AI 'magic' to pull in merchants Heather Perry made a bold bet before last year's holiday rush: switch all e-commerce operations of her family-owned roastery, Klatch Coffee, to Shopify. The 42-year-old small business CEO from Southern California was drawn to the Canadian company's artificial intelligence-based services that automate routine tasks such as generating discounts and product descriptions, its improved customization tools and a broader suite of apps. Perry is among hundreds of merchants in North America who have migrated to Shopify to build online stores and manage retail businesses, according to data from internet analytics firm BuiltWith and Reuters interviews with a dozen sellers. Analyst Report: Anglo American plc Anglo American's mining portfolio spans many commodities and continents. Like other large diversified miners, Anglo has significant exposure to copper, iron ore and metallurgical coal, but it is unique among the global majors given its significant platinum group metals and diamonds output. The company accounts for about one third of the world’s platinum supply and around 30% of palladium supply. Anglo also owns 85% of De Beers, in most years the world's largest supplier and marketer of rough gem diamonds by value. Anglo also plans to move back into the crop nutrients business via its Woodsmith polyhalite project in the United Kingdom. In May 2024, Anglo announced that it will restructure to focus on copper, iron ore, and crop nutrients, while selling or spinning off its other businesses. Spirit AeroSystems to Declare Going Concern Amid Boeing Takeover Spirit AeroSystems Holdings’ management cited substantial doubt about its ability to continue due to cash flow and liquidity issues. Nvidia Rises On Taiwan Semiconductor's Mixed News, Earnings Next; Is The Stock A Buy Or Sell Now? Nvidia stock rose on Monday amid mixed news from Taiwan Semiconductor. Nvidia will report its fourth quarter results on Feb. 26. The earnings report brings some risks with it. Add that to the fact that this is the first earnings season since 2022 that the Magnificent Seven companies have not reported a sales surprise. SpringWorks Stock Jumps More Than 30% on News of Possible Deal SpringWorks Therapeutics stock surged over Monday after a report from Reuters that German medical tech giant Merck KGaA could be close to acquiring the company. On The Hunt For Magnificent Earnings Growth? Check These 7 Stocks. None of our picks is Nvidia or Amazon or Tesla. Investors may wish to widen the aperture to find the best stocks for outsize earnings growth. Super Micro Stock Rises. A Big Update Is Coming Tuesday. Shares are on their best run since October, with investors hopeful they'll finally get some clarity on the company's accounting issues.
