Novartis has increased its stockpiles of pharmaceuticals in the United States and is well prepared should its products be hit by President Donald Trump's tariffs, its chief executive said in an interv... ...

FedEx Corp. expects a $1 billion hit from trade volatility this year, underscoring the impact of President Donald Trump’s tariffs and the loss of a key exemption for low-value goods.Most of that reduction to adjusted operating profit stems from lower shipments from China to the US — a highly profitable shipping lane that’s been hit hard by tariffs. About $300 million is due to the higher cost of clearing goods through customs, according to FedEx Chief Financial Officer John Dietrich.The costly trade environ ...

Last night, FedEx reported a much better than expected quarter, almost out of nowhere, which is why it stock jumped more than 2% today. Now, this is a stock that struggled since the summer of last year, especially during the original tariff turmoil this spring. While FedEx rebounded from its post liberation day lows in April, it never really got back to pre-tariff levels, pretty much trading sideways over the course of the summer.Going to last night's earnings report, the stock was down nearly 20% for the y ...

Microsoft said on Friday that it will increase the recommended retail price of several Xbox consoles in the U.S. starting in October because of "changes in the macroeconomic environment."The company said it would not increase prices for accessories such as controllers and headsets, and that prices in other countries would stay the same.While Microsoft didn't explicitly attribute the increase to the Trump administration's tariffs, many consumer companies have been warning for months that higher prices are on ...

Now, let's get an analyst take on Apple. They recently upgraded Apple's stock to a neutral, raised the price target by about a hundred bucks, though that's stating that many of the worst case scenario risks are gone. Let's bring in that analyst.Joining us now is Craig Moffett, founder, partner, and senior managing director at Moffett Nathansson. No sirens where you are, Craig. Correct.Just >> Hey, Brian. No, it's quiet here fortunately. >> Fantastic.All right. Um, what risks were there that are now gone. >> ...

The Trump administration's tariffs on U.S. imports are rippling through supply chains. However, some industries are disproportionately worse-off, depending on how exposed they are to imports. Here are the four sectors paying the highest price thus far. Consumer Goods (Importers and Retailers) Consumer goods companies have been worst affected. A Reuters news agency tracker - which looks at how companies across the world are responding to Trump’s tariffs - found that importers of consumer goods were the w ...

FedEx expects tariffs to cut $1 billion out of its bottom line this fiscal year, with reduced China-to-U.S. demand already digging into first quarter profits. The package delivery giant said it incurred $150 million in tariff headwinds in the quarter, with the company attributing reduced revenue to the end of the de minimis provision for Chinese imports. More from Sourcing Journal “Given a significant portion of our de minimis volume exposure previously came from China, we were able to use learnings fr ...

Federal Reserve Governor Stephen Miran said Friday that he doesn't anticipate President Donald Trump's tariffs will have an inflationary effect on the U.S. economy."I'm clearly in the minority in not being concerned about inflation from tariffs," he said on CNBC's "Money Movers." "But that was also true in 2018-2019, and I think I probably could take a little victory lap about that.""There will always be relative price changes, but whether or not it's inflation that's macroeconomically significant of the ty ...

Let's get Wall Street's reaction. Metife Investment Management Chief Market Strategist Drew Mattis. What What is What is your take on the Myron view and now presence at the Fed.>> Uh I think Myron has has made some great points and I I think you know if people were worried about the Fed independence factor, you know, after that interview I think it it tells you that maybe those are all over overstated. In fact, if you look at the dot plot, it tells you there's no voting block of of people who are kind of, y ...

New Federal Reserve governor Stephen Miran, who was nominated for his post by President Donald Trump last month, gave his views Friday in a TV interview. ...