FMP
Apr 24, 2025 2:54 AM - Parth Sanghvi
Tesla’s European Sales Plunge 37% in Q1 Amid Boycott, Competition, and Tariff Headwinds
Tesla’s first-quarter performance in Europe was overshadowed by a steep sales decline, as the EV pioneer grappled with a consumer boycott, intensifying competition, and fresh tariff pressures on its China-sourced components. Key March and Q1 Registration Data March Registrations: 28,502 new Te...
Apr 24, 2025 2:53 AM - Parth Sanghvi
Asian Stocks Tread Water as Trade De-escalation Optimism Wanes
Most Asian indices edged higher on Thursday, but gains were muted as recent enthusiasm over a U.S.–China tariff thaw gave way to fresh doubts. Japan led the bounce on reports of renewed U.S.–Japan trade talks, while South Korea’s KOSPI underperformed after GDP data disappointed. Market Moves at a...
Apr 24, 2025 2:52 AM - Parth Sanghvi
Bitcoin Surges to Seven-Week High on Trump’s Fed and Trade Backtracks
Bitcoin leaped 2.8% on Wednesday to $93,662.90—its highest level since early March—as President Trump eased threats against Fed Chair Jerome Powell and hinted at tariff cuts on China, reviving risk appetite across markets. Bitcoin Price Action High of Day: Topped $94,000 before settling near $...
Apr 24, 2025 2:52 AM - Parth Sanghvi
Wall Street Gains Tempered as Bessent Denies Unilateral China Tariff Cuts
Market Moves S&P 500: Initially +2.75%, closed +2.0% Dow Jones: +1.9% Nasdaq Composite: +2.3% U.S. Dollar Index: +0.4% Why Stocks Lost Steam No Guaranteed Tariff Cut Bessent’s Take: There is no standalone offer to lower tariffs on Chinese goods—any reduction must emerge from a len...
Apr 24, 2025 2:51 AM - Parth Sanghvi
Gold Rebounds as Trade and Geopolitical Risks Drive Haven Demand
Most Asian markets’ safe-haven flows lifted gold sharply on Thursday, reversing this week’s pullback amid persistent doubts over a U.S.–China tariff thaw and a fresh Russia–Ukraine clash. Price Action Spot Gold: +1.3% to $3,331.34/oz (01:37 ET) June Futures: +1.4% to $3,341.25/oz Weekly ...
Apr 24, 2025 2:50 AM - Parth Sanghvi
Oil Inches Up as OPEC+ Discord and Trade-Talk Uncertainty Weigh on Prices
Oil prices modestly rebounded on Thursday after a 2% drop, as investors balanced talk of higher OPEC+ output with mixed trade signals from Washington and ongoing U.S.–Iran nuclear discussions. Price Moves Brent (June) Futures: +$0.08 (0.12%) to $66.20/bbl WTI Futures: +$0.09 (0.14%) to $62....
Apr 24, 2025 2:49 AM - Parth Sanghvi
Asian Stocks Drift as Trump’s Trade and Fed Flip-Flops Fuel Volatility
Markets across Asia drifted on Thursday, paring earlier gains as investors grappled with the U.S. administration’s mixed signals on tariffs and Federal Reserve leadership. A rebound in the dollar also lost steam, underpinning a cautious tone. Market Overview MSCI Asia ex-Japan: –0.72% Nikke...
Apr 24, 2025 2:49 AM - Parth Sanghvi
Novo Nordisk Faces Guidance Risks as Wegovy Prescriptions Plateau and Competition Intensifies
Since launching its blockbuster weight-loss drug Wegovy in 2021, Novo Nordisk (NYSE:NVO) has repeatedly lifted its sales guidance. However, recent U.S. prescription data and the rise of Eli Lilly’s Zepbound are prompting analysts to warn that the run may stall—and that Novo could cut its 2025 growth...
Apr 24, 2025 2:48 AM - Parth Sanghvi
Toyota Overseas Sales Reach Record High in March Ahead of U.S. Tariffs
Toyota Motor (NYSE:TM) reported a surge in overseas vehicle sales and production in March, driven by North American demand ahead of U.S. import duties that took effect in early April. The data underscores Toyota’s resilience amid shifting trade dynamics and hints at how tariffs may influence global ...
Apr 24, 2025 2:47 AM - Parth Sanghvi
TSMC Targets 1.4 nm A14 Chip for 2028 to Extend AI Lead
Taiwan Semiconductor Manufacturing Co. (TSMC) on Wednesday announced plans to mass-produce its next-generation A14 (14-Å) node by 2028, as the world’s largest contract chipmaker seeks to stay ahead in the AI arms race. H2: A14 Node—What’s New? Timeline: A14 enters volume production in 2028 af...
