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New York Times
14 hours ago
- Business
- New York Times
Friday Briefing: Trump's Tariff Day
Five great reads, watches, and listens on tariffs It's Aug. 1: President Trump's latest deadline for the world to agree to trade deals with the U.S. — or face crippling tariffs. If that sounds familiar, we've been here before. It's unclear what's going to happen. Some tariffs could be paused (again). Trump posted on social media yesterday that Mexico is getting a 90-day reprieve. Or we might find ourselves in a trade war. As of yesterday, India looked bound for a tariff rate of 25 percent. Trump is trying to use tariffs to get Canada to not recognize a Palestinian state. The administration claimed it reached last-minute deals with Thailand and Cambodia; Thailand and Cambodia weren't so sure. We still don't know what's going to happen with China. (Are these tariffs even legal, anyway?) It's not easy to follow. While we all wait for the dust to settle, — you can find the latest updates here — here are five things to read (and watch) that have helped me understand the big picture: 1) Start with the basics: How do tariffs work? And who exactly pays for them? (From February) 2) Learn about the men behind Trump's tariffs (yes, they're all men). I love this short video: 'If there is one thing you need to know about Peter Navarro it's that this time last year he was in prison.' (From April) 3) What constitutes a trade 'deal' for Trump, anyway? His administration isn't using the term as it's traditionally been understood. (From July) 4) Unexpected fallout: China is flooding the rest of the world with cheap exports now that it can no longer access U.S. markets. (From June) Want all of The Times? Subscribe.
Yahoo
a day ago
- Business
- Yahoo
Exploring Three Undiscovered Gems In The Asian Market
As global markets react to favorable trade deals and shifts in economic indicators, the Asian market is experiencing a renewed focus with potential opportunities emerging amidst these developments. In this dynamic environment, identifying stocks that demonstrate resilience and growth potential can be key to uncovering hidden gems within the region's diverse landscape. Top 10 Undiscovered Gems With Strong Fundamentals In Asia Name Debt To Equity Revenue Growth Earnings Growth Health Rating Araya Industrial 17.96% 3.77% 10.32% ★★★★★★ Tibet Development 48.40% -0.31% 52.09% ★★★★★★ Zhe Jiang Dayang Biotech Group 29.02% 8.38% -9.33% ★★★★★☆ TOMONY Holdings 58.26% 7.99% 14.24% ★★★★★☆ Suzhou Chunqiu Electronic Technology 46.46% 3.33% -19.72% ★★★★★☆ Dong Fang Offshore 34.42% 39.61% 41.66% ★★★★★☆ Silvery Dragon Prestressed MaterialsLTD Tianjin 34.13% 1.81% 9.01% ★★★★☆☆ Renxin New MaterialLtd 8.41% 17.79% -34.07% ★★★★☆☆ Tibet TourismLtd 27.63% 9.10% 17.00% ★★★★☆☆ Synic SolutionLtd 70.76% 6.08% 55.66% ★★★★☆☆ Click here to see the full list of 2609 stocks from our Asian Undiscovered Gems With Strong Fundamentals screener. Let's explore several standout options from the results in the screener. HARBIN GLORIA PHARMACEUTICALS Simply Wall St Value Rating: ★★★★★★ Overview: Harbin Gloria Pharmaceuticals Co., Ltd focuses on the research, development, production, and sale of pharmaceutical products primarily in China with a market capitalization of CN¥8.13 billion. Operations: Harbin Gloria Pharmaceuticals generates revenue through the sale of pharmaceutical products in China. The company's cost structure includes expenses related to research, development, and production. Its financial performance is highlighted by a notable gross profit margin trend. Harbin Gloria Pharmaceuticals, a modest player in the pharmaceutical sector, exhibits a compelling financial profile. Its price-to-earnings ratio of 33.8x undercuts the CN market average of 42.5x, suggesting potential value for investors. The company has significantly improved its debt position, with a debt-to-equity ratio dropping from 89.4% to just 3.6% over five years, indicating prudent financial management. Earnings have surged by 57.8% in the past year alone, outpacing the industry average of -2.5%. However, recent volatility in share price may warrant caution for risk-averse investors seeking stability. Take a closer look at HARBIN GLORIA PHARMACEUTICALS' potential here in our health report. Gain insights into HARBIN GLORIA PHARMACEUTICALS' historical performance by reviewing our past performance report. Shenzhen Jove Enterprise Simply Wall St Value Rating: ★★★★☆☆ Overview: Shenzhen Jove Enterprise Limited focuses on the research and development, production, and sales of printed circuit boards (PCB) in China with a market capitalization of CN¥7.27 billion. Operations: The company's primary revenue stream is derived from the production of printed circuit boards, generating CN¥1.53 billion. Shenzhen Jove Enterprise is navigating a complex landscape with its earnings growing impressively by 58.7% over the past year, outpacing the Electronic industry's modest 2.8% rise. However, its debt-to-equity ratio has surged from 5.2 to 41.4 over five years, indicating rising leverage concerns despite having more cash than total debt—a positive sign for liquidity management. The company's recent AGM led to amendments in bylaws and a reduced dividend payout of CNY1 per 10 shares, reflecting cautious capital distribution strategies amidst volatile share price movements in recent months. Delve into the full analysis health report here for a deeper understanding of Shenzhen Jove Enterprise. Review our historical performance report to gain insights into Shenzhen Jove Enterprise's's past performance. Thunder Tiger Simply Wall St Value Rating: ★★★★☆☆ Overview: Thunder Tiger Corp. is a company that, along with its subsidiaries, engages in the production and sale of remote-controlled vehicles and medical devices across Taiwan, the Americas, and other international markets with a market capitalization of NT$14.55 billion. Operations: Thunder Tiger generates revenue primarily from its Remote Control Model Department, contributing NT$870.81 million, and its Dental Medical Department, adding NT$362.01 million. The Sterile Packaging Department also plays a role with NT$153.75 million in revenue. Thunder Tiger, a compact player in the market, reported notable earnings growth of 653% over the past year, outpacing the Leisure industry's 53%. Their recent first-quarter performance saw sales rise to TWD 335.32 million from TWD 286.43 million last year, with net income climbing to TWD 36.5 million from TWD 24.04 million. Despite these gains, interest payments are not well covered by EBIT at just 1.3x coverage, and free cash flow remains negative. However, their debt-to-equity ratio improved from 45% to 37% over five years and they hold more cash than total debt—indicating financial resilience amidst volatility. Click here to discover the nuances of Thunder Tiger with our detailed analytical health report. Gain insights into Thunder Tiger's past trends and performance with our Past report. Summing It All Up Unlock more gems! Our Asian Undiscovered Gems With Strong Fundamentals screener has unearthed 2606 more companies for you to here to unveil our expertly curated list of 2609 Asian Undiscovered Gems With Strong Fundamentals. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Interested In Other Possibilities? Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SZSE:002437 SZSE:300814 and TWSE:8033. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Utahns weigh in on Trump's job performance and key issues six months in
The first six months of President Donald Trump's second term brought a whirlwind of executive orders, trade deals, and significant policy changes. While he celebrated the recent passage of his major legislative tax package, dubbed the 'big, beautiful bill,' the president has also had a tumultuous month dealing with the fallout over his administration's decision not to release files related to the late convicted sex offender Jeffrey Epstein. Meanwhile, Trump continues to travel and meet with foreign leaders to discuss new trade agreements as they look to avoid the president's tariffs. Trump and his envoys have also actively engaged in trying to end foreign conflicts with varying degrees of success, including the Russia-Ukraine war and ongoing conflicts in the Middle East between Israel and Hamas, and Israel and Iran. In the latest Deseret News/Hinckley Institute of Politics poll conducted by HarrisX, Utahns were asked if they approve or disapprove of Trump's job performance so far. While a majority of the state's voters approve of the president's performance so far, they had a more mixed reaction to his policies. Among the 802 Utah voters surveyed, 54% said they strongly or somewhat approve of the job Trump is doing in the White House, which is down slightly from his 56% job approval in May. Voters were also asked to weigh in on Vice President JD Vance's job performance, with 50% of Utah voters saying they approve of his work so far in the administration, compared to 33% who disapprove and 17% who said they were unsure. Utahns weigh in on Trump's policies In the latest survey, Utah voters were also asked how well they think Trump is doing on key issues and campaign promises. Generally, Utahns approve of Trump's actions on most issues. He did best among voters in the state on his approach to immigration and reducing the cost of government. Trump earned a 56% approval rating from Utahns on both issues. But on these issues, as with most others, there was a deep partisan split in Trump's job approval. On immigration, 77% of Utah Republicans said they approve of the job Trump is doing, while only 15% of Utah Democrats said the same. On reducing the cost of government, 77% of Republicans approve of the job Trump is doing, compared to 14% of Democrats. On both issues, 42% of independents said they like the job Trump is doing, while disapproval on immigration and cost cutting hovered around 50%. Jason Perry, the director of the University of Utah's Hinckley Institute of Politics, said Trump continues to receive 'solid support' from voters in Utah. 'Utahns are well acquainted with him, his style, and his policies, and that familiarity seems to be creating a consistent level of support. That approval appears to be driven by a sense that Trump is focused on the issues many Utah voters care about most, especially immigration and the economy,' Perry said. 'When voters feel that kind of alignment, it can outweigh other concerns and lead to a consistent level of approval.' Voters in the state continue to rank Trump favorably on foreign affairs issues. Overall, he earns a 52% approval rating for handling foreign affairs. On the Israel-Iran conflict, voters in Utah gave the president a 54% approval rating. While Trump is largely viewed in a positive light by voters in the state, there are some issues where Utahns are split. On the campaign trail and since being back in office, Trump has blamed inflation on former President Joe Biden and sought to bring down costs on everyday goods — even as economists say his tariffs could hike prices. According to the survey, 49% of Utah voters approve of Trump's work to tackle inflation, with 45% expressing disapproval. Perry said inflation was a major issue for voters in the lead up to the 2024 election and has remained 'top of mind.' In Utah, Trump receives 'mixed reviews' from voters on the issue, he said. Another major marker of Trump's time back in office has been his expansive tariff agenda. The president added major tariffs on about 90 countries on what he dubbed 'Liberation Day' in early April, shaking up global markets and forcing global leaders to come to the table to try to strike trade deals. While Trump has remained confident in his tariff plan, Utahns are evenly split on how they feel about the issue. The survey found that 47% of voters approved of Trump's actions on tariffs, while 47% disapproved and 6% were not sure. Perry noted that voters are even more divided on Trump's approach to tariffs and trade than on inflation. 'Voters may support the broader message, but many are not seeing the changes they hoped for in their grocery bills or other expenses,' Perry said. 'These are personal, pocketbook issues, and they hit close to home.' 'They are also harder to explain away with talking points which is why, regardless of party, this is where Trump earned his lowest marks from Utah voters,' he added. Other trends Trump is still popular among Republicans in Utah, with 76% saying they approve of the job he is doing six months into his second term. Democrats in the state remain strongly opposed to Trump and his policies, with 88% disapproving of the president's performance. Independent voters in Utah also largely disapprove of Trump's job in the Oval Office, with 61% expressing disapproval and just 35% who say the president has done a good job. Similar to previous surveys, Trump is favored more by men (57%) than women (48%), and slightly more by white voters (53%) than Hispanic voters (50%). Among Latter-day Saint voters, Trump had a 60% job approval rating. The age demographic with the highest number of voters who approve of the job the president is doing is 35-49 year olds (57%), while Utahns over 65 were least likely to approve (48%).
Yahoo
4 days ago
- Business
- Yahoo
Tariff Noise Receding Into the Background for Markets, Rainwater Equity CEO Says
Rainwater Equity Founder and CEO Joseph Shaposhnik says he views "the S&P 500 in the US as the great growth stock of all countries today." He tells Bloomberg Television that President Trump's ongoing trade deals will "be positive" for US stocks as they lessen "the uncertainty that has faced the markets for the last six months." 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
24-07-2025
- Business
- Yahoo
Wall St futures mixed as investors weigh Alphabet, Tesla earnings
(Reuters) -U.S. stock index futures were mixed on Thursday as investors assessed earnings from Alphabet and Tesla while focusing on progress in trade deals between the U.S. and its top partners. Google-parent Alphabet raised its capital spending plans for the year to about $85 billion and predicted a further increase next year, shrugging off uncertainties from U.S. trade policy. Its shares rose 3.5% premarket. Electric carmaker Tesla, however, painted a gloomy picture, with CEO Elon Musk warning that reduced government support for EV makers could lead to a "few rough quarters" for the company. Its stock dropped 5%. By 5:57 a.m. ET, S&P 500 E-minis were up 7.75 points, or 0.12%, and Nasdaq 100 E-minis were up 85.25 points, or 0.37%. Dow E-minis were down 136 points, or 0.3%. The blue-chip on Wednesday came just shy of surpassing its all-highs touched in December. The benchmark S&P 500 and the tech-heavy Nasdaq surged to fresh records as reports of an imminent trade deal between the European Union and the U.S. boosted risk sentiment. Diplomats said the deal would result in 15% import tariffs on the bloc. Additionally, President Donald Trump's announcement of a deal with Japan has also aided investor sentiment this week. The pact includes slashing tariffs on goods from the Asian country to 15%. With the August 1 deadline just a week away, investors expect a flurry of more trade negotiations, given that China and South Korea are also seeking deals to avoid Trump's hefty duties. Amid escalating tensions between the Trump administration and the Federal Reserve, the president will visit the central bank later in the day. Trump has been persistently attacking Fed Chair Jerome Powell for not cutting rates and mused publicly about firing him. The central bank holds its monetary policy meeting next week, with markets widely expecting policymakers to leave interest rates unchanged. Traders see a 62.2% likelihood of a cut in September, according to the CME Group's FedWatch tool. Later in the day, investors will parse weekly jobless claims and S&P Global's flash PMI data to examine the health of the economy amid tariff uncertainties. Among other earnings-related moves, IBM slid 5.25% as its second-quarter earnings failed to impress investors, especially due to its lower-than-expected sales in its mainstay software segment. Shares of ServiceNow jumped 7.1% after the software firm raised its annual subscription revenue forecast. Sign in to access your portfolio
