Check out the companies making headlines in midday trading: Lululemon — The athleisure company saw shares plunging more than 11% after President Donald Trump’s imposition of tariffs on countries where the firm imports a big portion of its products. In 2024, Lululemon sourced 40% of its products from Vietnam, which was hit by a 46%…
Check out the companies making headlines before the bell. Lululemon – Shares tumbled more than 12% on the heels of President Donald Trump’s new wide-ranging tariffs . According to an SEC filing , the company sourced 40% of its products from Vietnam in 2024 – a country that was slammed with a 46% tariff. Almost…
File: workers at the Maxport factory, which makes activewear for various textile clothing brands, in Hanoi. Nhac Nguyen | Afp | Getty Images Retailers and brands have turned to Vietnam to manufacture goods from sneakers to couches while moving some or all production out of China. For years, China’s southern neighbor became a popular alternative…
Check out the companies making headlines in midday trading: Boeing , Lockheed Martin — Defense contractor Lockheed Martin sold off nearly 7% after Bloomberg News reported that President Donald Trump chose Boeing instead for a contract to create the next-generation fighter jet. Boeing shares surged almost 5%. Nike — Shares tumbled 5% after the athletic…
Check out the companies making headlines in premarket trading. FedEx — Shares tumbled more than 8% after the parcel delivery company slashed its full-year guidance , citing “weakness” in the U.S. industrial economy. FedEx now said to expect between $18 and $18.60 in earnings per share after certain exclusions, down from the range of $19…
Nike on Thursday warned that sales will drop by a double digit percentage in its current quarter, as the sneaker giant’s turnaround plan takes longer than expected while it contends with new tariffs and sliding consumer confidence. In a conference call with analysts, finance chief Matt Friend said Nike expects its sales decline in the…
Check out the companies making headlines in midday trading. Berkshire Hathaway — Class A shares of Warren Buffett’s conglomerate jumped nearly 4% following a strong earnings report . The conglomerate said its operating profit skyrocketed 71% to $14.5 billion in the fourth quarter, led by a 302% jump in insurance underwriting. Auto insurer Geico had…
U.S. President Donald Trump hold up an executive order, “Unleashing prosperity through deregulation,” that he signed in the Oval Office on January 31, 2025 in Washington, D.C., while also speaking to reporters about tariffs against China, Canada and Mexico. Chip Somodevilla | Getty Images News | Getty Images The U.S. stock market was rocked Monday…
Check out the companies making headlines in midday trading: Stocks moving on tariffs — U.S. stocks are off their lows after the U.S. and Mexico said tariffs against the latter country would be delayed for one month. Initially, stocks dropped on tariffs announced over the weekend against key trading partners, with a 25% tax on…
Check out the companies making headlines before the bell. Stocks moving on tariffs — U.S. stocks reacted to the new 25% tariffs President Donald Trump levied on Saturday on goods from Canada and Mexico, and 10% on China, effective at midnight Monday. Stocks suffering the most included automakers and suppliers, consumer goods makers, clothing companies,…
