
UBS Strategists Say Dollar Negative Story Is ‘Back in Play'
Investors have yet to fully price in the impact of Friday's series of events that began with a jobs report that showed hiring has been slowing and concluded with the resignation of Fed Governor Adriana Kugler, the strategists from UBS Investment Bank wrote Wednesday.
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The Verge
10 minutes ago
- The Verge
Sonos confirms tariffs will increase its prices this year
Tom Conrad took over as CEO of Sonos in January as it continues to recover from last year's disastrous mobile app update, and now the company has issued its first quarterly earnings report after he dropped the interim tag from his title. Beyond the numbers, with $344.8 million in revenue and a net loss of $3.4 million, Conrad acknowledged the impact that President Trump's tariffs will have on its business, saying that 'it has become clear that we'll need to raise prices on certain products later this year,' as reported earlier by Bloomberg. Conrad didn't go into detail on the price changes and said that Sonos is working with its partners to share the extra costs, as nearly all of its products for the US are made in Vietnam and Malaysia, which are both facing higher tariff rates soon. Conrad: With respect to our operations, like many companies, the most significant near-term challenge has been the uncertain tariff environment. As a reminder short of a few accessories, and our passive speaker partnership with Sonance (I think this is what he said?) we do all of our us-bound manufacturing in Vietnam and Malaysia. We talked last quarter about the contingency planning we underwent to minimize the effects of terrorists on our business, while also doing what we can to limit the downstream impact to our customers. Last week's news, the tariff rates we were subject to going forward, appeared to be 20 percent for Vietnam and 19 percent for Malaysia. We continue to work closely with our contract manufacturers and our Channel Partners to share tariff costs, though it has become clear that we'll need to raise prices on certain products later this year. As these pricing changes land, we'll monitor consumer behavior closely as well as competitive Trends across our categories and will make adjustments in collaboration with our Channel Partners, when and if necessary, to ensure we're exploring every opportunity to optimize our respective top and bottom lines. In response to one of the analyst's questions, Conrad said, 'I think the best way to think about what we're trying to do here strategically is to craft a pricing plan that supports our goal of optimizing growth profit dollars.' As a result, the executive said that the price changes could vary across different products, depending on the market and with an eye towards what competitors are doing. He pointed to some software updates Sonos has released lately, like multiuser TV audio swap and TrueCinema audio adjustments for its Ace headphones, and a recent AI speech enhancement for the Arc Ultra. Posts from this author will be added to your daily email digest and your homepage feed. See All by Richard Lawler Posts from this topic will be added to your daily email digest and your homepage feed. See All Business Posts from this topic will be added to your daily email digest and your homepage feed. See All News Posts from this topic will be added to your daily email digest and your homepage feed. See All Sonos Posts from this topic will be added to your daily email digest and your homepage feed. See All Speakers Posts from this topic will be added to your daily email digest and your homepage feed. See All Tech
Yahoo
33 minutes ago
- Yahoo
Asian Penny Stocks: 3 Picks With US$300M Market Cap
As global markets navigate through a period of economic uncertainty, driven by renewed trade tensions and fluctuating economic indicators, investors are increasingly looking beyond traditional investments. Penny stocks, often seen as remnants of past market eras, continue to hold potential for those seeking affordability and growth opportunities. These stocks typically represent smaller or newer companies that can offer significant value when backed by strong financials. Top 10 Penny Stocks In Asia Name Share Price Market Cap Financial Health Rating Food Moments (SET:FM) THB4.12 THB4.07B ★★★★★☆ Lever Style (SEHK:1346) HK$1.42 HK$895.95M ★★★★★★ Ever Sunshine Services Group (SEHK:1995) HK$2.04 HK$3.53B ★★★★★☆ TK Group (Holdings) (SEHK:2283) HK$2.42 HK$2.02B ★★★★★★ CNMC Goldmine Holdings (Catalist:5TP) SGD0.535 SGD216.83M ★★★★★☆ T.A.C. Consumer (SET:TACC) THB4.84 THB2.9B ★★★★★★ Yangzijiang Shipbuilding (Holdings) (SGX:BS6) SGD2.63 SGD10.35B ★★★★★☆ Ekarat Engineering (SET:AKR) THB1.00 THB1.47B ★★★★★★ Livestock Improvement (NZSE:LIC) NZ$0.95 NZ$135.23M ★★★★★★ Rojana Industrial Park (SET:ROJNA) THB4.82 THB9.74B ★★★★★★ Click here to see the full list of 978 stocks from our Asian Penny Stocks screener. Here we highlight a subset of our preferred stocks from the screener. Shun Tak Holdings Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Shun Tak Holdings Limited is an investment holding company involved in property, transportation, hospitality and leisure, and investment sectors across Hong Kong, Macau, the People's Republic of China, Singapore, and internationally with a market cap of approximately HK$2.20 billion. Operations: The company's revenue is primarily derived from its Property segment at HK$3.83 billion, followed by Hospitality at HK$660.02 million, and Investment at HK$147.12 million. Market Cap: HK$2.2B Shun Tak Holdings, with a market cap of approximately HK$2.20 billion, primarily generates revenue from its Property segment at HK$3.83 billion. Despite being unprofitable and having increased losses over the past five years, the company maintains satisfactory net debt to equity at 23.4% and covers short-term liabilities with assets of HK$18.8 billion against liabilities of HK$6.9 billion. Recent board changes include appointing Amelia Yau as an independent non-executive director, enhancing governance with her extensive public accounting experience amid the passing of long-serving director Charles Ho in June 2025. Click here and access our complete financial health analysis report to understand the dynamics of Shun Tak Holdings. Evaluate Shun Tak Holdings' prospects by accessing our earnings growth report. RSXYZ Simply Wall St Financial Health Rating: ★★★★★☆ Overview: RSXYZ Public Company Limited, along with its subsidiaries, operates in the supply and distribution of chemical products in Thailand and has a market cap of THB2.02 billion. Operations: The company generates revenue primarily from its Sim card Electronic Media Distribution segment, which accounts for THB2.30 billion. Market Cap: THB2.02B RSXYZ Public Company Limited, with a market cap of THB2.02 billion, primarily derives revenue from its Sim card Electronic Media Distribution segment amounting to THB2.30 billion. Despite being unprofitable and experiencing a net loss of THB66.27 million in Q1 2025, the company has managed to reduce losses over five years by 0.3% annually and maintains strong liquidity with short-term assets exceeding both long-term and short-term liabilities significantly. Recent board changes include appointing new directors and amending the Articles of Association, reflecting ongoing governance adjustments amidst high share price volatility. Click to explore a detailed breakdown of our findings in RSXYZ's financial health report. Review our historical performance report to gain insights into RSXYZ's track record. CSE Global Simply Wall St Financial Health Rating: ★★★★★★ Overview: CSE Global Limited is an investment holding company that provides integrated industrial automation, information technology, and intelligent transport solutions across the Asia Pacific, the Americas, Europe, the Middle East, and Africa with a market cap of SGD483.06 million. Operations: The company's revenue is primarily derived from three segments: Automation (SGD194.36 million), Communications (SGD232.04 million), and Electrification (SGD434.78 million). Market Cap: SGD483.06M CSE Global Limited, with a market cap of SGD483.06 million, shows financial stability with short-term assets exceeding both long-term and short-term liabilities. The company has improved its debt-to-equity ratio from 58.5% to 50.6% over five years, indicating prudent financial management. Despite experiencing a decline in earnings by 5.4% annually over the past five years, recent growth of 16.9% suggests positive momentum surpassing industry averages. However, the dividend yield of 3.56% is not well covered by free cash flows, raising sustainability concerns. Recent board changes include appointing Ravinder Singh as Non-Executive Non-Independent Director to enhance strategic oversight. Take a closer look at CSE Global's potential here in our financial health report. Gain insights into CSE Global's future direction by reviewing our growth report. Make It Happen Get an in-depth perspective on all 978 Asian Penny Stocks by using our screener here. Searching for a Fresh Perspective? Outshine the giants: these 20 early-stage AI stocks could fund your retirement. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:242 SET:XYZ and SGX:544. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
38 minutes ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq futures waver as Trump's trade deadline nears
US stock futures wavered just above the flatline with President Trump's trade deadline fast approaching. Futures attached to the Dow Jones Industrial Average (YM=F) ticked up 0.1%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) rose 0.2%. Trump's deadline for trade deals lands at 12:01 a.m. ET on Thursday. The president has teed up sweeping tariffs to hit dozens of countries that have so far not negotiated trade agreements with the US, saying there are no plans to further delay hiking rates this time. Read more: The latest on Trump's tariffs Apple (AAPL) shares climbed Wednesday afternoon as Trump and CEO Tim Cook announced the company would make a $100 billion investment in the US. As part of the deal, Apple will manufacture the cover glasses for iPhones and Apple Watches in Kentucky. The president also said at the press conference that he will eventually set a 100% tariff on semiconductors, but companies like Apple that commit to building in the US will be exempt from the tariff. Airbnb (ABNB), DoorDash (DASH), and Lyft (LYFT) reported earnings after the bell. DoorDash shares jumped on an upbeat forecast driven by resilient delivery demand. Airbnb and Lyft, meanwhile, fell on disappointing guidance. Stocks gained in day trading on Wednesday, buoyed by a slate of earnings that beat Wall Street expectations, including McDonald's (MCD) and Disney (DIS). The lead up to Apple's announcement of fresh investment in the US also boosted its stock and sent the Nasdaq higher. On Thursday, in addition to grappling with the latest trade policy shifts, Wall Street will receive new data on weekly jobless claims. The state of the labor market is in high focus following a disappointing July jobs report and downbeat revisions to the May and June jobs reports. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data