Industrials businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the market seems to be baking in a prolonged downturn as the industry has shed 6.6% over the past six months. This performance was discouraging since the S&P 500 held its ground.
Business services providers thrive by solving complex operational challenges for their clients, allowing them to focus on their secret sauce. Still, investors are uneasy as firms face challenges from AI-driven disruptors and tightening corporate budgets. These doubts have caused the industry to lag recently as services stocks were flat over the past six months. A consolation is that the S&P 500 hasn’t budged either.
Copper's rise is likely led by Trump's tariffs, weakening its appeal as leading indicator for risk assets, including cryptocurrencies.
Wedbush tech analyst Dan Ives said Tesla CEO Elon Musk needs to refocus on the company after a brutal three-month stretch for Tesla stock.
In a potential violation of government ethics, Howard Lutnick fanned fears of missing out on a Tesla rally by telling voters to buy Tesla stock because it's only going to go up in price.
Electronics manufacturing services provider Jabil (NYSE:JBL) beat Wall Street’s revenue expectations in Q1 CY2025, but sales were flat year on year at $6.73 billion. On top of that, next quarter’s revenue guidance ($7 billion at the midpoint) was surprisingly good and 4% above what analysts were expecting. Its non-GAAP profit of $1.94 per share was 6.2% above analysts’ consensus estimates.
(Bloomberg) -- Drinks maker Refresco shelved a €2.1 billion ($2.3 billion) leveraged loan repricing on Thursday, as sentiment sours among junk debt investors. Most Read from BloombergAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesRefresco is the fourth co
XRP has secured the third slot among the largest cryptocurrencies after racing ahead of USDT as the SEC dropped charges against Ripple.
Morgan Stanley, Goldman Sachs, and Bank of America are beginning workforce reductions that affect various parts of their operations.
The number of Americans filing new applications for unemployment benefits increased slightly last week, suggesting the labor market remained stable in March, though the outlook is darkening amid rising trade tensions and deep cuts in government spending. Economists say still-high interest rates and policy uncertainty are making companies cautious about increasing headcount. "The data continue to tell a story of relatively few private-sector layoffs but limited employment opportunities for those who are unemployed," said Nancy Vanden Houten, lead U.S. economist at Oxford Economics.
