A stock market rally evaporated on Tuesday as the White House announced further tariffs on China.
Kura Sushi (NASDAQ:KRUS) Posts Q1 Sales In Line With Estimates But Full-Year Sales Guidance Slightly Misses Expectations
Sushi restaurant chain Kura Sushi (NASDAQ:KRUS) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 13.3% year on year to $64.89 million. On the other hand, the company’s full-year revenue guidance of $277 million at the midpoint came in 1.3% below analysts’ estimates. Its non-GAAP loss of $0.14 per share was in line with analysts’ consensus estimates.
Cal-Maine (NASDAQ:CALM) Reports Sales Below Analyst Estimates In Q1 Earnings
Egg company Cal-Maine Foods (NASDAQ:CALM) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 102% year on year to $1.42 billion. Its GAAP profit of $10.38 per share was 4.8% below analysts’ consensus estimates.
Apple stock drops 5% after Trump administration confirms China tariffs to reach 104%
Apple shares fell nearly 5% Tuesday after the Trump administration said it would enact a 104% tariff on Chinese goods.
Trump’s 'Liberation Day' tariffs cost U.S. govt $2B in Bitcoin
The value of the U.S. government's Bitcoin holdings has declined 12% from $17.24 billion to $15.21 billion since Trump's announcement of "reciprocal tariffs."
US Stocks Tumble Again With Tariffs Set to Roil Global Economy
(Bloomberg) -- Another volatile day on Wall Street pushed the S&P 500 Index back to the brink of a bear market as the Trump administration doubled down on its plans to enact hefty tariffs that threaten to send the American economy into a recession.Most Read from BloombergThe Irish Hot Press Is the Low-Tech Laundry Trick the World NeedsTrump Order on CDFI Fund Risks Aid for Small Businesses, HousingThis Skinny Mexico City Tower Is Just 14 Feet Wide on One SideIn Chicago, a Former Steel Mill Looks
McDonald's, Starbucks, and other US chains could face anti-American pushback, Wall Street fears
Store expansion and a comeback of the China market is the hope; tariff backlash could shutter that.
Another Stock Rally Stalls, Casting Doubt on a Quick Rebound from the Trump Tariff Rout
A broad stock market rally stalled on Tuesday as markets lost hope for immediate reprieves from sweeping tariffs announced last week.
Bitcoin Resilience Suggests Bullish Outlook as Dollar Weakens, Stagflation Looms — Grayscale
"The most bullish 8% drawdown I’ve ever seen," said Grayscale’s Zach Pandl on bitcoin’s performance since Liberation Day.
Benchmark diesel price up as pump number lags big fall in futures markets
The benchmark price of diesel used for most fuel surcharges rose even as futures markets were falling. The post Benchmark diesel price up as pump number lags big fall in futures markets appeared first on FreightWaves.