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4 minutes ago
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Niinami on Trade Deal Impact on Japan Businesses
Tak Niinami, Chairman & CEO of Suntory Holdings, discusses his outlook for impact on Japanese businesses after the Trump administration and the Ishiba government agreed to a trade deal that would see 15% tariff rate Japanese imports including cars. It also includes a $550B Japanese investment in the US, increased purchases of US rice and other agricultural products, as well as higher defense spending. He speaks with Shery Ahn and Avril Hong on "Bloomberg: The Asia Trade".
Yahoo
7 minutes ago
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Canada-U.S. trade negotiations at 'intense phase,' Carney says as deadline looms
Prime Minister Mark Carney said Monday trade negotiations with the U.S. are at an "intense phase" ahead of Friday's deadline to reach an agreement. "[Canadians] don't deserve the uncertainty that's been thrust upon them… they want the right kind of resolution. They want a deal that makes sense for Canada," Carney said during a news conference in Prince County, P.E.I. "The negotiations are at an intense phase, it's a complex negotiation." Carney's comments come after U.S. President Donald Trump mused last week that a deal with Canada might not be in the cards. "We haven't really had a lot of luck with Canada," Trump told reporters Friday outside the White House in response to a question about the state of tariff talks with U.S. trading partners. "I think Canada could be one where there's just a tariff, not really a negotiation." WATCH | Talks moving slowly, Trump says: The two countries have been negotiating to reach some sort of trade agreement by Friday. The talks come after Trump imposed tariffs on a number of Canadian goods and he has promised more could come by the deadline. The president wrote to Carney earlier this month, threatening to slap a 35 per cent tariff on goods that don't comply with the Canada-U.S.-Mexico Agreement (CUSMA). That rate would apply to Canadian exports currently being tariffed at 25 per cent, under Trump's emergency powers, citing what he says is a national security threat from fentanyl trafficking. Separately, Canadian steel and aluminum are facing a 50 per cent tariff that the U.S. has imposed on all countries, while the U.S. tariff on Canadian energy and potash is set at 10 per cent. Trump has also slapped a 25 per cent tariff on non-U.S. content of automobile imports and threatened to impose levies on pharmaceuticals, lumber and copper. During a visit to Washington last week, Canada's top trade negotiators downplayed the likelihood they'll get an agreement by Friday. "We're going to continue to work toward the Aug. 1 deadline," said Canada-U.S. Trade Minister Dominic LeBlanc. "But all of these deadlines are with the understanding that we'll take the time necessary to get the best deal that we think is in the interest of the Canadian economy and Canadian workers." WATCH | Canada's team downplays prospects for deal by Aug. 1: Despite Trump's comments last week, Carney still expressed optimism that a deal could be reached by Friday. "They're tough negotiations, as they should be. We're standing up for Canada, for Canadian interests," he said Monday. "There is a landing zone that's possible but we have to get there. We'll see what happens." The U.S. president has been using tariffs and tariff threats to push for trade agreements with a number of countries. The EU was the latest U.S. trading partner to reach an agreement. The European bloc reached a deal that would see the U.S. impose a 15 per cent tariff on its imports — half of the 30 per cent that Trump had initially threatened. Carney has said in recent weeks that an agreement with the Americans may include accepting some levies on exports. But the prime minister suggested on Monday that Canada is in a better position than other U.S. trading partners because the Americans rely on certain Canadian exports, specifically energy. "The United States and Canada can do many good things together. We have done that in the past, we can do more in the future but on fair terms for our country," Carney said.
Yahoo
25 minutes ago
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Impinj (PI) Reports Earnings Tomorrow: What To Expect
RFID manufacturer Impinj (NASDAQ:PI) will be announcing earnings results this Wednesday after the bell. Here's what investors should know. Impinj beat analysts' revenue expectations by 3.7% last quarter, reporting revenues of $74.28 million, down 3.3% year on year. It was a strong quarter for the company, with an impressive beat of analysts' EPS estimates and a solid beat of analysts' adjusted operating income estimates. Is Impinj a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Impinj's revenue to decline 8.4% year on year to $93.86 million, a reversal from the 19.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.70 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Impinj has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 2.3% on average. Looking at Impinj's peers in the semiconductors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Texas Instruments delivered year-on-year revenue growth of 16.4%, beating analysts' expectations by 2%, and NXP Semiconductors reported a revenue decline of 6.4%, topping estimates by 0.8%. Texas Instruments traded down 13.3% following the results while NXP Semiconductors's stock price was unchanged. Read our full analysis of Texas Instruments's results here and NXP Semiconductors's results here. There has been positive sentiment among investors in the semiconductors segment, with share prices up 4.9% on average over the last month. Impinj is up 15.1% during the same time and is heading into earnings with an average analyst price target of $133.57 (compared to the current share price of $127.80). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
