Latest news with #US economy
Bloomberg
11-07-2025
- Business
- Bloomberg
Bloomberg Surveillance TV: July 11th, 2025
- Jose Minaya, Global Head of BNY Investments & Wealth at BNY Wealth - Steven Ricchiuto, Chief US Economist at Mizuho - Jeannette Lowe, Director: Policy Research at Strategas Securities - Angelo Zino, Head: Technology at CFRA Research Jose Minaya, Global Head of BNY Investments & Wealth at BNY Wealth, joins to discuss his outlook for markets and a potential pullback in the equity rally. Steven Ricchiuto, Chief US Economist at Mizuho, discusses US economic bullishness amid continued policy uncertainty. Jeannette Lowe, Director: Policy Research at Strategas Securities, talks about President Trump's tariff proposals as the administration looked to deliver more clarity on tariff rates this week. Angelo Zino, Head: Technology at CFRA Research, discuss Nvidia's market cap record and the outlook for big tech.
BBC News
06-06-2025
- Business
- BBC News
Lululemon shares plunge as tariffs bite
Lululemon shares have plunged by more than 20% after it cut its annual profit forecast, as the company navigates tariffs and fears about the US economy slowing."We experienced lower store traffic in the Americas, partially reflective of economic uncertainty, inflationary pressures, lower consumer confidence, and changes in discretionary spending," Lululemon said in a athleisure brand joins a growing list of big companies to warn about the impact of US President Donald Trump's trade policies. The Trump administration's approach to tariffs has triggered concerns over rising prices and a weakening economy. "We are planning to take strategic price increases... on a small portion of our assortment, and they will be modest in nature," Lululemon's finance chief Meghan Frank company also said it will cut costs and negotiate with its year, 40% of its products were made in Vietnam, and 28% of its fabrics came from mainland and footwear brands are among the businesses hit hardest by tariffs as they make goods in Asian countries, which have faced steep levies from the April, sportswear giant Adidas warned that import taxes imposed by Trump will lead to higher prices in the US for popular trainers including the Gazelle and Samba."Since we currently cannot produce almost any of our products in the US, these higher tariffs will eventually cause higher costs for all our products for the US market," chief executive Bjorn Gulden in April, footwear maker Skechers withdrew its annual results forecast, citing economic uncertainty."The current environment is simply too dynamic from which to plan results with a reasonable assurance of success," Skechers' chief operating officer, David Weinberg, told investors in a post-earnings month, Nike said it would raise prices on some trainers and clothing in the US from early sportswear giant did not name US tariffs explicitly as a reason for the increase, saying it regularly made "price adjustments".
Bloomberg
30-05-2025
- Business
- Bloomberg
Gold Holds Gain as Fresh Trade Uncertainty Stokes Haven Demand
Gold recovered some heavy losses sustained earlier this week, as markets were once again rattled by uncertainties around US President Donald Trump's global tariffs agenda and the strength of the US economy. The precious metal traded near $3,314 an ounce, following a gain of nearly 1% on Thursday after a federal appeals court offered Trump a temporary reprieve from a ruling threatening to throw out the bulk of his tariff agenda. A weakening dollar also helped, driven by growing fiscal risks and renewed political pressure on the Federal Reserve to lower interest rates.
