BYD stock jumps, Goldman on Trump tariffs, and toilet paper troubles: Markets news roundup
Plus, U.S. manufacturing is shrinking again as Trump’s tariffs set in
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President Donald Trump’s tariff announcement scheduled for April 2 is set to give the market a negative surprise, according to a Goldman Sachs (GS) economist.
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Manufacturing shrank again this month, after a brief reprieve in in January and February, according to the flash manufacturing Purchasing Managers Index (PMI) for March. The entire economy is probably slowing, Citi (C) analysts wrote.
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BYD’s (BYDDY) stock jumped almost 6% after the Chinese electric vehicle maker’s sales and profit for 2024 topped expectations, overtaking Tesla (TSLA) in revenue.
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The U.S. supply of toilet paper may come unspooled. President Donald Trump’s increased tariffs on Canadian softwood lumber could have the unintended effect of disrupting production of the bathroom essential.
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Greg Behar, Senior Vice President of Westwood, spoke with NYSE TV about his firm’s latest exchange traded fund
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BigID’s Chief Executive Officer Dimitri Sirota stopped by NYSE TV’s ‘Taking Stock’ to break down how his company is helping data security and more