The stock market picked up steam as the holiday-shortened week wound down. The S&P 500 was up 0.8%. The Nasdaq Composite was up 0.5%. The Dow was down 300 points, or 0.8%, though UnitedHealth on its own was shaving 843 points off the index.
One stroller company is warning customers that price hikes due to new US tariffs are unavoidable, while an environmentally friendly cleaning-product brand is providing an itemized list of goods that are getting more expensive. A luggage retailer, meanwhile, has described the situation as “a complete dumpster fire.” https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iNNFaduVQjko/v1/1200x-1.jpg The major U.S. equities indexes were mixed at midday Thursday, with the Dow Jones Industrial Average down close to 400 points as UnitedHealth Group shares plunged. Adam Goldstein, CEO and co-founder of Archer Aviation unveils their latest plans to transform the NYC Air Taxi landscape, linking Manhattan to major airport. He joins Ed Ludlow on “Bloomberg Technology”. (Source: Bloomberg) https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i6HMwSNG7HdQ/v3/1200x-1.jpg London’s FTSE 100 edged just 0.06 points higher at 8,275.66. Logistics company Rumo SA is seeking partners to expand its railway operations and transshipment terminals in Brazil, according to people familiar with the matter. https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iVFmzAAgZATo/v1/1200x-1.jpg Concerns over slowing discretionary spend and rising trade pressures lead Seaport to cut ratings on key fintech names Egypt cut interest rates for the first time in almost five years, potentially spurring investment key to an economic rebound while easing some of the Middle East’s highest debt-servicing costs. https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ih64uhmDzmLY/v1/1200x-1.jpg The Toronto Stock Exchange is up near 60 points at midday, led by strong gains in energy (+2.4%) and Private equity investors will have to wait even longer before getting back their money back from older funds as global trade turmoil dims hopes of a deal revival, according to the head of Ares Management Corp.’s buyout business. https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iJ61PXVfmqko/v0/1200x-1.jpg
Retailers Are Directly Blaming Tariffs for New Price Increases
Top Stock Movers Now: UnitedHealth, Nvidia, Eli Lilly and More
Air Taxis Could Be Coming to New York City
European stocks wobble as central bank warns over growth outlook
Rumo Seeks Partners for Brazil Railways Expansion
Tariff Uncertainty Pressures PayPal, BILL as Seaport Issues Downgrades
Egypt Makes First Rate Cut Since 2020 With Inflation Tamed
TSX up 60 Points at Midday, Led by Gains in Energy, Telecoms
Ares Says Cash-Hungry Private Equity Investors Face Big Wait
