NXP Shares Decline After Automotive Chip Sales Remain Sluggish
Revenue fell 6% to $2.93 billion in the period, the Dutch chipmaker said in a statement on Monday. The sales were roughly in line with analysts' estimates, according to data compiled by Bloomberg.
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Skechers Confirms OG Anunoby Joins Its Roster
New York Knicks Forward Competing in Skechers Basketball Shoes LOS ANGELES, July 24, 2025--(BUSINESS WIRE)--Confirming the fan speculation surrounding his headline-grabbing slam dunk in SKX REIGN™ shoes during the 2025 NBA playoffs in May, Skechers officially announces that New York Knicks forward OG Anunoby has joined Team Skechers. In addition to competing in Skechers Basketball footwear, the NBA Champion and defensive powerhouse will appear in the brand's global marketing campaigns. The news drops ahead of Anunoby representing the brand on a European basketball tour with fellow Skechers athlete Terance Mann of the Brooklyn Nets. The tour kicks off July 26 in Belgrade, with additional stops to follow in Berlin, Frankfurt and Zadar. "Skechers has helped me continue to play basketball at an elite level and I love these shoes," said OG Anunoby, who wears a range of Skechers Basketball styles including the SKX NEXUS™ and SKX REIGN™. "I play quick and low to the court. I jump and move a lot. Skechers has the shoe to keep me comfortable, keep me protected and keep me playing my best every day." "As we grow and continue to innovate our Skechers Basketball shoes, more elite players want to join our team and bring the Comfort That Performs to their games," said David Weinberg, chief operating officer of Skechers. "Known for his viral dunks and defensive strength on the court, OG is a fantastic and inspiring addition to our global roster. We look forward to bringing OG and Terance Mann on tour to meet fans and the media at events with our European retail partners in the coming week." Born in London, UK, Ogugua "OG" Anunoby grew up in Missouri from age four and excelled as a basketball phenom in high school. He was selected as a pre-season All-American by The Sporting News ahead of his freshman year at Indiana University. In 2017, he declared for the NBA draft, where he was selected 23rd overall by the Toronto Raptors. In 2019, the Raptors won the NBA championship, making Anunoby the first British-born basketball player to ever earn the title. He was traded to the New York Knicks in 2024 and has had great success since with a career-high 18-point-per-game average last season, including reaching his career-high 40-point game versus Denver. The two high-performance Skechers Basketball shoes worn by Anunoby reflect his dynamic playing style—strong, versatile, and always in control. The SKX NEXUS™ is a low-top court shoe designed for speed, stability and support, offering exceptional comfort and responsiveness. Meanwhile, the SKX REIGN™ focuses on promoting elevation and intense traction, helping Anunoby stay quick and locked in on both ends of the court. Anunoby joins a Skechers roster that includes his Raptors championship teammate Norman Powell, European tour partner Terance Mann, as well as NBA players Julius Randle, Joel Embiid, Jabari Walker, and Josh Green, along with WNBA athletes Rickea Jackson, Jackie Young and Kiki Iriafen. Beyond basketball, Skechers also offers performance footwear for elite and casual athletes in running, soccer, golf, pickleball/padel and cricket. Skechers Basketball footwear is available at and select Skechers retail stores. Basketball fans can get behind-the-scenes access to Skechers Basketball product launches and more by following @skechersbasketball on Instagram and TikTok. About SKECHERS U.S.A., Inc. Skechers (NYSE:SKX), The Comfort Technology Company® based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company's collections are available in 180 countries and territories through department and specialty stores, and direct to consumers through and more than 5,300 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit and follow us on Facebook, Instagram and TikTok. This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include, without limitation, Skechers' future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as "believe," "anticipate," "expect," "estimate," "intend," "plan," "project," "will," "could," "may," "might," or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include the disruption of business and operations due to the COVID-19 pandemic; delays or disruptions in our supply chain; international economic, political and market conditions including the effects of inflation, tariffs and foreign currency exchange rate fluctuations around the world, the challenging consumer retail markets in the United States, and the impact of wars, acts of war and other conflicts around the world; sustaining, managing and forecasting costs and proper inventory levels; losing any significant customers; decreased demand by industry retailers and cancellation of order commitments due to the lack of popularity of particular designs and/or categories of products; maintaining brand image and intense competition among sellers of footwear for consumers, especially in the highly competitive performance footwear market; anticipating, identifying, interpreting or forecasting changes in fashion trends, consumer demand for the products and the various market factors described above; sales levels during the spring, back-to-school and holiday selling seasons; and other factors referenced or incorporated by reference in Skechers' annual report on Form 10-K for the year ended December 31, 2024 and its quarterly reports on Form 10-Q in 2025. Taking these and other risk factors associated with the COVID-19 pandemic into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. Moreover, reported results should not be considered an indication of future performance. View source version on Contacts Media Contacts: Jennifer ClaySKECHERS U.S.A., Marvin HeinzSKECHERS U.S.A. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13 minutes ago
- Yahoo
Analyst Explains Why Nvidia China News Could be ‘Huge' for ASML Holding (ASML)
ASML Holding N.V. (NASDAQ:ASML) is one of the . Joe Tigay from Equity Armor Investment said in a recent program on Schwab Network that the US government's decision to allow Nvidia to sell chips in China could be 'huge' for ASML Holding NV (NASDAQ:ASML). He explained why the company is important in the AI industry: 'ASML has been a company I've been following for the past few years. I am obviously a big fan. It's been behind this chip revolution. It makes what people have called the most complicated machine humans have ever built and as you can imagine it is very expensive to produce. They are essentially the machine that makes the machine. So we can't get these Nvidia chips without these ASML machines. And I think this China news could be really huge for this company. We remember they took a big write off, big leg down when the China news came out that Nvidia will not be selling to China earlier in the year. So it's going to be interesting to see are we going to be able to recover all that? Yes, the stock actually has recovered from that gap right now, but a lot of that recovery was just from new businesses, existing growth of their business.' Photo by Redd on Unsplash Parnassus Growth Equity Fund stated the following regarding ASML Holding N.V. (NASDAQ:ASML) in its Q1 2025 investor letter: 'In Information Technology, we moved from an underweight to an overweight as we added new positions in Synopsys, ASML Holding N.V. (NASDAQ:ASML) and AppFolio while selling Adobe and Procore Technologies. ASML is a leading supplier of photolithography systems, equipment crucial for producing advanced microchips. It has a wide moat built on technology innovation, high market share and strong customer and supplier relationships.' While we acknowledge the potential of ASML as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13 minutes ago
- Yahoo
Trump tariffs would hit Hungary hard despite warm relations with MAGA-friendly Orbán
BUDAPEST, Hungary (AP) — Hungary's populist prime minister has spent years building a close political relationship with U.S. President Donald Trump and aligning himself with the MAGA movement. But despite Viktor Orbán's success in gaining favor with the culturally conservative and nationalist wing of Trump's administration, his country is poised to be among those hard hit by Trump's tariffs against the European Union. Trump earlier this month announced he would levy tariffs of 30% against Mexico and the EU beginning Aug. 1 — a move that could cause massive upheaval between the United States and the 27-member EU, of which Hungary is a member. As a small, export-oriented economy with major automobile, pharmaceutical and wine industries — some of the main categories of products Europe exports to the U.S. — Hungary will be particularly vulnerable to Trump's tariffs. The duties 'would put the Hungarian economy in a very, very difficult situation, because then the entire possibility for Hungary to export to America would be essentially eliminated,' Péter Virovácz, chief analyst at ING Hungary, told The Associated Press. 'Not the best way to make money' Hungary's largest trading partners are other EU countries like Germany, Italy and Romania, as well as China, but many Hungarian companies export their goods across the Atlantic. Outgoing trade to the United States represents around 15% of all Hungarian exports to countries outside the EU. One such enterprise, a Budapest-based company specializing in Hungarian wine, said it will likely cease doing business in the U.S. altogether if the 30% duty is levied on its products. 'If it's really going to be 30%, then there is no more shipment ... We might just call it a day at the end of the year,' said Gábor Bánfalvi, co-owner of Taste Hungary. Bánfalvi's company has been shipping around 10,000 bottles of premium Hungarian wine per year to the U.S. for about half a decade. With a base in Washington D.C., it exports a range of red and white wines to clients in numerous U.S. states including specialty wine shops and bars. Until now, 'it's been a thin profit margin, but it's been fine because we want Hungarian wine to be available' to U.S. consumers, Bánfalvi said. 'Then came 2025," he said. When Trump began imposing tariffs on EU exports earlier this year, the cost of Taste Hungary's shipments tripled, Bánfalvi said — price hikes he had to build into the sticker price of the wine. The imposition of 30% tariffs would make exporting 'unsustainable.' 'You just start to think, why are we doing this? Is it really worth it? It's just not the best way to make money,' he said. In total, the value of EU-U.S. trade in goods and services in 2024 amounted to 1.7 trillion euros ($2 trillion.) Doubts that political ties could soften the blow Hungary's government, a vocal proponent of Trump's 'patriotic' foreign policy prioritizing national interests, has acknowledged that the tariffs would present a challenge. But, careful not to criticize the Trump administration, it has instead blamed the EU, a frequent target of Orbán's scorn, for failing to reach a comprehensive trade agreement with Washington. Confident that his right-wing populist policies would help win him favor with Trump's administration, Orbán said in an interview in April that while tariffs 'will be a disadvantage,' his government was negotiating 'other economic agreements and issues that will offset them.' But Péter Krekó, director of the Budapest-based Political Capital think tank, expressed doubt that political affinities could play a meaningful role in mitigating damage to Hungary's economy caused by Trump's trade policy. 'The unquestionably good bilateral relations simply cannot compensate for the trade conflicts between the EU and the U.S., and as a consequence, Hungary will suffer the tariffs the same way that the EU will,' Krekó said. 'Mutual nationalisms cannot be coordinated in a way that it is going to be a win-win situation.' Car manufacturing and pharmaceuticals Virovácz, the economist, pointed out that Hungary is home to numerous automobile factories for major automakers like Audi and Mercedes. The manufacturing of cars and motor vehicle parts represents an 'overwhelming majority' of the country's total exports, he said. Pharmaceuticals make up an even larger share of Hungarian exports to the United States — an industry on which Trump this month threatened to impose 200% tariffs. That 'will essentially kill European and thus Hungarian exports to America," Virovácz said. 'It's impossible for tariffs to be levied on EU products but not on Hungarian ones,' he said. 'A theoretical option is that Trump could somehow compensate Hungary because he's on good terms with the Hungarian political leadership, but if that only starts happening now, it's way too late.' Krekó, the political analyst, said Trump's administration 'gives practically nothing for free. If Hungary ... cannot fulfill the interests of the U.S., then I think Hungary is not going to receive gifts.' 'Hungary just doesn't have the cards, to use Trump's terminology,' he added. Justin Spike, The Associated Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
