GAGA Share Market News

[hfe_template id='11223'] [ad_1] Chipmaker Wolfspeed's shares fell 23% on Friday after it raised going-concern doubts and forecast weaker-than-expected annual revenue as it grapples with slowing electric-vehicle demand amid economic uncertainty. The company is squeezed between sluggish demand in the industrial and automotive markets, while rival Chinese manufacturers such as Sicc Co and EpiWorld International are gaining ground with inexpensive wafers, which are thin slices of semiconductor material used to make chips. Wolfspeed's customers are also grappling with tariff-induced uncertainty, with General Motors trimming its 2025 profit forecast, while Mercedes-Benz had pulled its earnings outlook for 2025. Its departing CFO Neill Reynolds said in a post-earnings call that the company may need to pursue in-court options to renegotiate its debt and that "going concern" language could be added to the quarterly filing. Wolfspeed included the risk of ...

[hfe_template id='11223'] [ad_1] Shares of U.S. companies were under pressure after the latest escalation in Washington's trade war, with new tariffs on Canada and Mexico expected to hit earnings in several sectors, including automobiles, aerospace, retail and housing. Economically sensitive stocks such as airlines and banks led declines on Wall Street's main indexes on Tuesday on the new tariffs. Monday, the benchmark S&P 500 suffered its worst day of this year after the U.S. tariffs were confirmed. U.S. President Donald Trump imposed 25% tariffs on imports from Mexico and Canada, effective Tuesday. The action covers more than $900 billion worth of annual U.S. imports from the two countries. Trump also doubled duties on Chinese imports to 20% to punish Beijing over the U.S. fentanyl overdose crisis. The cumulative duty comes on top of up to 25% tariffs imposed during his first term. Canadian Prime Minister Justin Trudeau, speaking just hours after the U.S....