TARIFFS LATEST

US, China to slash tariffs for 90 days

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Primarius Technologies Co., Ltd. (688206.SS)

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Secrets behind 'Magnificent 7' surge ahead of Nvidia earnings

You can catch Opening Bid on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. The Magnificent 7 stocks are performing strongly again, even with chipmaker Nvidia's earnings report not due until May 28. This leadership group, which had largely underperformed in 2025 due to valuation concerns and macroeconomic risks, has seen a rally since the April 8 lows. This resurgence can be attributed to a couple of key factors. First, tech mega-caps like Microsoft (MSFT) and Alphabet (GOOGL (GOOGL)) significantly exceeded earnings estimates. Barclays' data indicates that these large-cap tech companies beat analyst earnings estimates by an average of 8% in the first quarter. Second, the earnings growth for these major tech players in the first quarter was once again impressive. Goldman Sachs' (GS) data reveals that large-cap tech stocks within the Mag 7 achieved an average earnings growth of 28% in the first quarter, compared to just 9% for the other 493 stocks in the S&P 500. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Opening Bid is produced by Langston Sessoms

Yahoo Finance Video 29 minutes ago

TSLA

GOOG

AAPL
Stock market today: Dow, S&P 500, Nasdaq futures surge as US-China deal spurs a rush into stocks

US and China said they have agreed to slash most tariffs for 90 days while further trade talks take place.

Yahoo Finance 14 minutes ago

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ES=F

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How 'negative' sentiment is driving defensive tech bets

Tech stocks have clawed back some recent losses, but uncertainty around tariffs is keeping investors cautious. Baird managing director Ted Mortonson joins Market Domination to break down the shift in sentiment, highlighting why some still see big names like Microsoft (MSFT) and Amazon (AMZN) as relatively safe bets. To watch more expert insights and analysis on the latest market action, check out more Market Domination here.

Yahoo Finance Video 3 hours ago

AMZN

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Microsoft and OpenAI may be renegotiating their partnership

OpenAI is currently in “a tough negotiation” with one of its biggest investors and partners, Microsoft, according to the Financial Times. The AI startup recently announced a major change to its corporate restructuring plans — while it still aims to convert its business arm into a for-profit public benefit corporation, its nonprofit board will remain in control. The FT says it spoke to multiple sources who describe Microsoft, which has invested $13 billion in OpenAI to date, as a key holdout need

TechCrunch 21 hours ago

MSFT
Amazon Stock Rallies On China Tariff Deal. China E-Commerce Stock Alibaba, PDD Also Jump.

Amazon stock surged early Monday as the U.S. and China agreed to slash tariffs beyond Wall Street's expectations.

Investor's Business Daily 4 minutes ago

BABA

BABAF

AMZN
Is Tesla Stock A Buy Or A Sell As Investors Count Down To The June Robotaxi Launch?

Tesla stock is moving higher once more as investors look past the disappointing first-quarter results and focus on Chief Executive Elon Musk sticking to a robotaxi rollout in June and his plan to scale back his work for President Donald Trump. Tesla stock, along with many other growth story stocks, surged prior to the opening bell for Monday's stock market action on the announcement of a trade deal between the U.S. and China. Tesla stock is still down about 36% this year, even as it has surged as the general analyst consensus was positive coming out of the Q1 conference call.

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These Stocks Are Moving the Most Today: Amazon, Nvidia, Tesla, Alibaba, Eli Lilly, Pfizer, RH, Newmont, and More

Amazon.com, Nvidia, Tesla, and the rest of the Magnificent Seven stocks jump as the U.S. and China reach an agreement to temporarily slash most tariffs on each other’s goods, while Eli Lilly and Pfizer fall after President Donald Trump plans to sign an executive order that would reduce the cost of drugs in the U.S.

Barrons.com 10 minutes ago

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Chegg to lay off 22% of workforce as AI tools shake up edtech industry

Google's expansion of AI Overviews is keeping web traffic confined within its search ecosystem while gradually shifting searches to its Gemini AI platform, Chegg said, adding that other AI companies including OpenAI and Anthropic were courting academics with free access to subscriptions. As part of the restructuring announced on Monday, Chegg will also shut its U.S. and Canada offices by the end of the year and aim to reduce its marketing, product development efforts and general and administrative expenses. Chegg expects cost savings of between $45 and $55 million in 2025 and $100 to $110 million in 2026 due to the restructuring.

Reuters 13 minutes ago

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Digital Payment Update - Europe's Payment Future Embraces Digital Wallet Innovation

Significant growth in Europe's digital payments is anticipated by 2025, propelled by innovative payment methods and evolving consumer preferences. Digital wallets are at the forefront, seeing increasing weekly use in countries like the UK and Germany, while contactless payments continue to gain popularity. Despite these advances, traditional card payments remain dominant across the continent. Additionally, instant payments and Pay by Bank services are gaining traction, particularly in regions...

Simply Wall St. 31 minutes ago

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New York Fed Uplifts Q2 GDP to 2.42%

Note the New York Fed's Nowcast climbed to 2.42% for Q2, driven by trade data

GuruFocus.com 45 minutes ago

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Novo Nordisk Stock Is Slumping Today. Here’s Why.

Shares of the Ozempic-maker fell while the rest of the market rose,as it's facing a hit to revenue from different directions.

Barrons.com 51 minutes ago

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LLY
Novo Nordisk Tumbles as Lilly's Zepbound Shows Greater Weight Loss in Trial

Eli Lilly's Zepbound Beats Wegovy, Sends Novo Nordisk Stock Lower

GuruFocus.com 57 minutes ago

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Google to pay Texas $1.38bn in data-privacy settlement

The lawsuit accused Google of illegally tracking and gathering users' private information.

Verdict 1 hour ago

GOOG
Microsoft Is Renegotiating OpenAI Partnership for Future IPO. What It Means for the Stock.

Microsoft stock rose in premarket trading Monday following a report that the company was revising the terms of its partnership with OpenAI to allow the ChatGPT maker to launch a future initial public offering. The companies also are rewriting the terms of a wider contract that was drafted when Microsoft and OpenAI first unveiled an exclusive partnership in 2019, the Financial Times reported, citing people familiar with the matter. Microsoft and OpenAI didn’t immediately respond to requests for comment from Barron’s.

Barrons.com 1 hour ago

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CoreWeave's $1.5B Debt Strategy: Navigating AI Growth and Financial Challenges

Debt refinancing, AI expansion, and Nvidia's stake -- CoreWeave's next moves could define its survival.

GuruFocus.com 1 hour ago

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Institutions own 45% of Alibaba Group Holding Limited (NYSE:BABA) shares but individual investors control 48% of the company

Key Insights Alibaba Group Holding's significant individual investors ownership suggests that the key decisions are...

Simply Wall St. 1 hour ago

BABA

BABAF
Nvidia's China Gamble: Will the Downgraded H20 Chip Keep Its AI Reign Alive?

U.S. export restrictions force Nvidia to alter its top AI chip -- but can it still dominate in China?

GuruFocus.com 1 hour ago

NVDA
5 Things to Know Before the Stock Market Opens

News of the day for May 12, 2025

Investopedia 1 hour ago

TSLA
Your New iPhone May Get More Expensive. Apple Won’t Blame China Tariffs.

After retailer Amazon was blasted by the White House for potentially citing the tariffs as part of the price on goods purchased by U.S. consumers, Apple is determined to avoid a similar fate.

Barrons.com 1 hour ago

AAPL
Pfizer, Eli Lilly, Merck and Other Pharma Stocks Fall as Trump Targets Lower Drug Prices

Shares of pharmaceutical companies dropped early Monday after President Donald Trump said he would lower the cost of medicines for Americans by 59%. Shares of major U.S. drugmakers Eli Lilly Pfizer Merck AbbVie and Amgen fell between 2.4% and 4.3% in premarket trading Monday. The U.S. is the largest market for many global pharmaceutical companies, partly because of higher prices.

Barrons.com 1 hour ago

PFE

LLY

Performance Overview

Return	688206.SS	SSE Composite Index (000001.SS)
YTD	+25.59%	+0.52%
1-Year	+65.27%	+6.81%
3-Year	+1.18%	+10.29%

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Related News

Secrets behind 'Magnificent 7' surge ahead of Nvidia earnings

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Performance Overview