Latest news with #InternationalTradeCommission
Yahoo
a day ago
- Business
- Yahoo
GoPro (GPRO) Shares Skyrocket, What You Need To Know
What Happened? Shares of action camera company GoPro (NASDAQ:GPRO) jumped 13.1% in the afternoon session as the stock continued a recent positive trend. The action camera maker's stock was on an upswing, gaining over 20% in the previous two weeks. This momentum followed a significant legal victory earlier in the month. On July 11, a U.S. International Trade Commission (ITC) judge ruled that competitor Insta360 had infringed on GoPro's patents related to its HERO camera design and HyperSmooth video stabilization technology. Is now the time to buy GoPro? Access our full analysis report here, it's free. What Is The Market Telling Us GoPro's shares are extremely volatile and have had 54 moves greater than 5% over the last year. But moves this big are rare even for GoPro and indicate this news significantly impacted the market's perception of the business. The previous big move we wrote about was 4 days ago when the stock gained 3.2% as the broader market rally after new economic data showed unexpected strength in the U.S. economy, easing investor concerns about a potential recession. Investors were encouraged by reports showing U.S. retail sales grew more than anticipated and weekly unemployment claims fell, signaling a resilient consumer and a steady job market. This environment is generally favorable for consumer discretionary companies like GoPro, as it suggests shoppers may be more willing to spend on non-essential items like action cameras. Also, the second quarter (2025) earnings season got off to a strong start. Quarterly earnings reports released during the week exceeded Wall Street's expectations, fueling investor confidence. Around 50 S&P 500 components reported, with 88% of those exceeding analysts' expectations, FactSet data revealed. GoPro is down 10.1% since the beginning of the year, and at $0.99 per share, it is trading 40.1% below its 52-week high of $1.65 from November 2024. Investors who bought $1,000 worth of GoPro's shares 5 years ago would now be looking at an investment worth $193.48. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. 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
08-07-2025
- Business
- Yahoo
Apple is still trying to overturn the ban on the Apple Watch blood oxygen sensor
Apple is making another attempt to appeal the trade ban that forced it to remove the blood oxygen sensor from its smartwatches, Reuters reports. The company was forced to remove the feature in 2024, following a decision from the International Trade Commission (ITC) in 2023 that banned sales of the Apple Watch for violating health tech startup Masimo's patents. The US Court of Appeals for the Federal Circuit heard new arguments from Apple and Masimo's lawyers on Monday over the legality of the original ITC ban. Apple's argument is that the fact Masimo was developing its own smartwatch when Apple released the Apple Watch Series 6 in 2020 — the first of the company's wearables with a blood oxygen sensor — shouldn't be enough to justify the ban. Masimo disagrees. The appeals court has heard the company's arguments before, and even briefly paused the trade ban in December 2023 while the ITC considered Apple's request for a longer pause. Ultimately, the ITC ruled in Masimo's favor and denied Apple's request. Apple removed the blood oxygen sensor in 2024 so it could restart sales of the Apple Watch Series 9 and Apple Watch Ultra 2 in the US. The companies' fight goes beyond just the blood oxygen sensor — Masimo's smartwatches were, ironically, found to infringe on Apple patents — but clearly Apple is hung up on the feature. The company's blood oxygen sensor was never as accurate as the pulse oximeters used in a doctor's office, but it was part of a fairly comprehensive suite of heart health features on the smartwatch. It's entirely possible Apple wants to reintroduce it in its watches as part of an even more ambitious health feature down the road.
Yahoo
13-06-2025
- Business
- Yahoo
Trump's 50% steel tariffs are coming for your next fridge and dishwasher
The Trump administration will soon ensure that its 50% steel tariffs, which have threatened to make everything containing steel more expensive, will apply to your next fridge or dishwasher. The Commerce Department, in a notice set to be published in the federal register Monday, said the recently increased steel tariffs would also apply to consumer appliances that contain steel. Those so-called derivative products will be taxed an additional 50% for the amount of steel they contain, starting on June 23. Those products will include refrigerators, dryers, washing machines, dishwashers, freezers, ovens, garbage disposals and wire racks. President Donald Trump's broader tariffs have increased costs for some American manufacturers. Many parts and components are subject to Trump's tariffs, because they have no American-made alternatives – or the alternatives are more expensive than foreign products. And American appliance makers have griped about how competitors can effectively skirt those same tariffs by shipping completed products that aren't subject to the 50% levies. That's why the administration announced its so-called inclusion process aimed at preventing foreign competitors from getting around those tariffs. In theory, tariffs on imported appliances will make American-made dryers, ovens and other appliances more competitive compared with foreign equivalents, which are often made with relatively inexpensive parts and cheaper labor. At a US Steel facility in Pennsylvania two weeks ago, Trump announced he would set tariffs on steel imported into the United States at 50%, double their previous rate. He said some companies were skirting the tariffs when they were set at 25%, but he doubted anyone would be able to avoid them after he doubled the rate. Trump praised his tariffs for saving the US steel industry, claiming American steelmaking would have disappeared if he hadn't acted to impose tariffs. He said all steel would have been foreign-made and factories would have closed. Although tariffs may have given the moribund American steel business a much-needed boost, they could raise prices on a key ingredient for American construction and manufacturing – two industries Trump has said he wants to support. Spot prices for domestically sourced steel have increased since the announcement of the 25% tariff in March, as American producers haven't had to worry about as much competition from foreign steel. When Trump imposed some steel tariffs in his first term, US production expanded modestly, but it sent costs rising for cars, tools and machines and, in 2021, shrank those industries' output by more than $3 billion, the International Trade Commission found in a 2023 analysis. Trump in his first term placed 20% to 50% tariffs on imported washing machines, a levy that American manufacturer Whirlpool initially praised. But the company lamented Trump's steel tariffs, bemoaning the hundreds of millions of dollars in higher costs to make its products. That ultimately hiked the price of an average washing machines by around $90 and created just 1,800 American jobs, total, according to the Federal Reserve and the University of Chicago.
Yahoo
31-05-2025
- Business
- Yahoo
Oregon companies call for investigation into countries accused of ‘dumping' exports
PORTLAND, Ore. () — Two Oregon companies are among those leading the charge against industries accused of mishandling foreign imports. Published to the Federal Register on Thursday, a shows officials are launching an 'anti-dumping' and countervailing duty investigation against China, Indonesia and Vietnam. Bill that would end statute of limitations for Oregon child sex abuse suits moves ahead The World Trade Organization refers to dumping as This occurs when products are sold at a higher cost in their origin country than they are in the receiving country. WTO's anti-dumping agreement allows governments to take action against the practice if it hurts their industry. 'In order to do that the government has to be able to show that dumping is taking place, calculate the extent of dumping (how much lower the export price is compared to the exporter's home market price), and show that the dumping is causing injury or threatening to do so,' the . As a result, investigators are now working to determine whether China, Indonesia and Vietnam are subsidizing hardwood and decorative plywood imported to the U.S. The International Trade Commission's notice comes after the Coalition for Fair Trade in Hardwood Plywood filed a petition on May 22. and Springfield's are two of five entities in the coalition. ITC's Office of Investigations has invited the impacted businesses to attend a meeting about the first phase of the investigation on Thursday, June 12 at 9:30 a.m. MAPS: Oregon falls back into drought, wildfire threat increases The commission is expected to issue its preliminary decision by July 7, unless it receives an extension from the U.S. Department of Commerce. If not, the agency will share its findings with the commerce department by July 14. The case could result in anti-dumping actions like increased import duties on hardwood and plywood, to bring the cost closer to what it would be in its origin country. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Forbes
29-05-2025
- Business
- Forbes
Gloomy Days For Global Solar Power
The tariffs announced by the Trump Administration at the beginning of April have cast a shadow across international energy supply chains. The new policies were delayed for ninety days less than a week later, and the much-feared shortages and price hikes haven't yet materialized. Nevertheless, the mood in the industry remains pessimistic. In May, the U.S. Department of Commerce announced that companies based in Cambodia, Malaysia, Thailand, and Vietnam are dumping solar panel cells at low rates into the U.S. market while receiving subsidies from the Chinese government, setting the stage for the imposition of tariffs on all parties involved. The paradox is that, for years, the United States encouraged the transfer of industrial production from China to these Southeast Asian countries. The rationalization was that while 'friendshoring' would still partially enrich China, it would decrease China's profit share while empowering neighbors with contentious relations to Beijing and friendlier attitudes towards Washington. Now, the Trump administration and the solar power industry must contend not only with likely supply chain disruptions but also with the possibility that the tariffs designed to harm Chinese manufacturing and empower America could have precisely the opposite effect. The International Trade Commission has until June 2nd to decide whether to accept the DOC's final determination. If tariffs are imposed, domestic results will be mixed. American solar manufacturers, which filed the initial complaint in 2024 and triggered the DOC's investigation, will likely benefit immediately from relief from overseas competition. However, in the short term, the price of solar panels in the United States is likely to rise. Since news about the tariffs broke, companies like First Solar have seen significant decreases in their stock prices. Tariff proponents argue that, in the longer term, the American solar industry will expand, bringing jobs to the US. Currently, 77% of all American solar module imports originate in the countries named in the DOC's report. U.S. solar manufacturing has grown in recent years and will need to continue to do so to meet the predicted increase in demand. The American solar cell industry produced only 2.2% of the global supply in 2023, while the demand for solar technology and for energy overall continues to grow rapidly. Even with tariffs in place, the high cost of US manufacturing may hinder the transition to solar energy in America. The Southeast Asian market is heavily linked to China, the world's foremost solar energy leader. Beijing controls roughly 80% of the global solar supply chain and continues focusing on growing the industry abroad. Chinese domestic electricity production capacity from solar also continues to grow, boasting a 227 gigawatt increase in 2024. This brought it to the top rank globally at 887 GW – more than quadruple that of the second-place United States. Cambodian, Malaysian, Thai, and Vietnamese solar manufacturers could sell back to China, break into the emerging Middle Eastern and European markets, or focus more on their largely untapped domestic markets. Experts believe that roadblocks remain for demand to increase exponentially in domestic South-Eastern markets, as buy-in and infrastructure tend to be lacking in these markets. In light of the coming tariffs, many Chinese and foreign-owned solar cell manufacturers have already moved out of the four countries. The path ahead for the United States will necessitate substantial investment and growth in American solar cell production. The White House has placed greater emphasis on promoting fossil fuels and nuclear energy rather than on renewable energy. However, limiting China's market share in the solar energy industry is critical to reducing its value offerings overseas. On the other hand, American renewable energy continues to grow, and even outproduced fossil fuels in terms of total electricity flowing to the U.S. grid for the first time in March 2025. Reports indicate that even in the face of a government skeptical of clean energy, rising electricity demand will enable 'green' production to grow rapidly. China is likely to maintain its current course, regardless of the tariffs. The Chinese government is far from pleased with the recent developments, warning not only of negative consequences but also potential breaches in World Trade Organization rules by the United States. There is the possibility of further retaliatory tariffs from Beijing. Still, China primarily focuses on growing its international influence rather than wrestling with the United States. Cambodia, Malaysia, Thailand, and Vietnam will face the brunt of the economic harm from these tariffs. This economic dislocation may be a boon to Beijing's regional foreign policy aspirations. Vietnam has already come to the negotiating table looking to avoid the worst of what the tariffs could bring, and others may follow suit. As with the broader wave of tariffs announced at the beginning of April, a pause, reduced rates, or even the abandonment of the solar production tariffs remain possible. However, if implemented, these tariffs could drive significant shifts in the global distribution of photovoltaic panel and component production, adversely affecting the competitiveness of the American solar industry and impacting US ties with South Asian partners.
