The company reaffirmed its full-year revenue forecast of $36 billion to $37 billion, stating that the outlook already includes a projected cost impact of $300 million to $400 million from recently imposed tariffs.
President Trump’s comment that he has no intention of firing the Fed Chair, coupled with a nudge for more aggressive interest rate cuts, has helped to inspire some confidence in the US economy.
A new Reuters/Ipsos poll suggests a decrease in approval for President Donald Trump's management of the U.S. economy and inflation as he approaches his 100th day in office.
Engineering remains the top-paying field for young graduates, with most specialties earning six figures by mid-career. Passion is important, but major choice matters for salary. #engineering #salary #graduates
EUR/USD briefly corrects below 1.1400 as the US Dollar rebounds after Trump pushes back fears of Fed Powell’s removal and intense tariff war with China.
Crypto-linked equities extended their rally in pre-market trade on Wednesday, with gains in Strategy, Cipher Mining, Robinhood, and other stocks building on Tuesday’s strong performance.
Mayville Engineering has gotten torched over the last six months - since October 2024, its stock price has dropped 34.2% to $13 per share. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
In a speech on Tuesday evening, Trump said that the current tariffs on China “may harm the U.S. economy” and planned to negotiate with China to reduce tariffs to ease inflationary pressure. This statement is in sharp contrast to the previous hawkish remarks that “consider firing Fed Chairman Powell”. Global market sentiment reversed instantly, risk assets collectively reveled, the three major U.S. stock indexes rose violently, the market value of cryptocurrencies soared by more than $200 billion in a single day, and the U.S. dollar index rebounded strongly. This policy shift is reshaping global capital flows. XBIT (dex Exchange) interpreted it as a double positive of “trade war truce + loose monetary policy”, the fear index (VIX) plummeted 18% in a single day, and funds poured into risky assets.
Risk assets staged a recovery yesterday amid growing hopes for a de-escalation in US-China trade tensions. President Trump also eased concerns he might fire Federal Reserve Chair Powell.
