United States Steel Corporation (NYSE:X) shares surged on the news president Donald Trump has directed the Committee on Foreign Investment in the United States (CFIUS) to conduct a new review of Japan-based Nippon Steel's proposed acquisition of company.
This move raised investor optimism that the $14.9 billion deal, previously blocked by former president Joe Biden due to national security concerns, might now receive approval.
It’s not every day that a top Wall Street bull turns bearish on its favourite stock.
But Wedbush has taken a knife to its long-standing Tesla Inc (NASDAQ:TSLA) optimism, cutting the electric carmaker’s price target from $550 to $315.
Apple Inc (NASDAQ:AAPL, ETR:APC) shares traded more than 5% lower after analysis at Wedbush slashed their price target on the iPhone maker to $250 from $325 citing supply chain uncertainty due to US president Donald Trump’s tariffs.
Wedbush believes the tariffs are a complete disaster for Apple given its massive China production exposure. The new tariff slate, 54% on China and 32% on Taiwan, poses a significant risk to Apple’s cost structure and could ultimately lead to higher consumer prices and weakened demand, the analysts wrote.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced that it has commenced Bitcoin mining operations at its new 200-megawatt hydro-powered facility in Yguazú, Paraguay.
In its March 2025 production update, HIVE reported mining 108 Bitcoin during the month, bringing its total holdings to 2,201 Bitcoin, valued at around $180 million based on current market prices.
Foxconn, a Taiwan electronics contract manufacturer and significanlt Apple Inc (NASDAQ:AAPL, ETR:APC) supplier, reported record revenue for March.
The company, formally known as Hon Hai Precision Industry Co, saw its March revenue grow 23.4% year-over-year to NT$552.1 billion driven by demand for AI-related products.
Republic Airways and Mesa Air Group (NASDAQ:MESA) have announced a merger to create a larger regional airline in an all-stock transaction.
The combined entity will be named Republic Airways Holdings Inc and will trade on NASDAQ under the ticker symbol "RJET."
Melrose Industries PLC (LSE:MRO, OTC:MLSPF) and Babcock International PLC (LSE:BAB) shares both dropped 8% in early Monday trading, as fears of a global recession triggered by President Trump’s sweeping tariffs sent shockwaves through industrial stocks.
The two engineering groups, which export a significant share of their output, are particularly exposed to disruptions in global trade and investment.
Catenai PLC (AIM:CTAI) shares shot up over 70% in Monday’s early deals as it told investors that its investee Klarian Ltd, is set to repay loan notes to the company by the end of June.
The nano-cap AI firm said it will receive £567,500 from Klarian in repayment and fees, from £450,000 of CLNs issued in 2024.
President Donald Trump has vowed not to back down from his sweeping new tariffs, insisting that “sometimes you have to take medicine to fix something” - even as markets around the world reeled from the fallout.
London’s FTSE 100 index fell 230 points at the open on Monday, mirroring a global wave of selling triggered by Trump's decision to impose a minimum 10% tariff on all United States imports.