Volvo Car Income Fell in Second Quarter as Tariffs Hit Sales
The automaker's retail sales plunged 12% to 181,600 vehicles in the three months through June, it said Thursday. Nevertheless, Volvo saw a positive effect in the second quarter from its cost cutting efforts.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Trump's planned 100% computer chip tariff sparks confusion among businesses and trading partners
President Donald Trump's plans for 100% tariffs on computer chips that aren't made in the U.S. are stoking confusion among businesses and trading partners — boosting stocks for leading semiconductor companies while leaving smaller producers scrambling to understand the implications. The U.S. imports a relatively small number of chips because most of the foreign-made chips in a device — from an iPhone to a car — were already assembled into a product, or part of a product, before it landed in the country. "The real question everybody in the industry is asking is whether there will be a component tariff, where the chips in a device would require some sort of separate tariff calculation,' said Martin Chorzempa, a senior fellow at the Peterson Institute for International Economics. Trump said Wednesday that companies that "made a commitment to build" in the U.S. would be spared the import tax, even if they are not yet producing those chips in American factories. 'We'll be putting a tariff of approximately 100% on chips and semiconductors,' Trump said in the Oval Office while meeting with Apple CEO Tim Cook. 'But if you're building in the United States of America, there's no charge.' Wall Street investors interpreted that as good news not just for U.S. companies like AMD, Intel and Nvidia, but also for the biggest Asian chipmakers like Samsung and Taiwan Semiconductor Manufacturing Company that have been working to build U.S. factories. But it left greater uncertainty for smaller chipmakers in Europe and Asia that have little exposure to the AI boom but still make semiconductors inserted into essential products like cars or washing machines. These producers "probably aren't large enough to get on the map for an exemption and quite probably wouldn't have the kind of excess capital and margins to be able to add investment at a large scale into the United States,' Chorzempa said. The announcement came more than three months after Trump temporarily exempted most electronics from his administration's most onerous tariffs. During the COVID-19 pandemic, a shortage of computer chips increased the price of autos and contributed to higher inflation. Chorzempa said chip tariffs could again raise prices by hundreds of dollars per vehicle if the semiconductors inside a car are not exempt. 'There's a chip that allows you to open and close the window," Chorzempa said. "There's a chip that is running the entertainment system. There is a chip that's kind of running all the electronics. There are chips, especially in EVs, that are doing power management, all that kind of stuff.' Much of the investment into building U.S. chip factories began with the bipartisan CHIPS and Science Act that President Joe Biden signed into law in 2022, providing more than $50 billion to support new computer chip plants, fund research and train workers for the industry. Trump has vocally opposed those financial incentives and taken a different approach, betting that the threat of dramatically higher chip costs would force most companies to open factories domestically, despite the risk that tariffs could squeeze corporate profits and push up prices for electronics. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26 minutes ago
- Yahoo
1 Incredible Reason to Buy This Growth Stock Before Interest Rates Drop
Key Points This company is adding to the value of its offerings by infusing them with artificial intelligence. After a difficult period, the company's growth looks set to take off again in 2026. 10 stocks we like better than Cognex › Investors often talk about growth stocks in terms of their cyclical growth (tied to the economy) and secular growth (benefiting from a structural and fundamental change in an industry). The distinction is beneficial to understand when looking at machine vision company Cognex (NASDAQ: CGNX). Cognex has a big future It's no secret that the increasing adoption of technologies like automation and machine vision is the key to modern manufacturing, particularly in reshoring it from countries with lower labor costs. In addition, machine vision's ability to perform repetitive tasks in assembly lines and logistics -- guiding, monitoring, inspecting, and controlling processes more effectively than the human eye -- is a significant plus. Also, consider the potential of deep learning through artificial intelligence (AI). For example, Cognex's software can learn from "right " and "wrong" examples given to it, enabling the hardware to identify anomalies in production. As such, Cognex is also a way to play the AI evolution, as it will significantly enhance the value-add of its solutions. Cognex and interest rates All of the above is an example of secular growth. However, like almost all companies, Cognex also relies on cyclical growth. Furthermore, its exposure to capital spending in interest-rate-sensitive areas, like automotives (notably electric vehicle batteries) and consumer electronics (Apple has been a significant customer in the past), leaves it exposed to the ups and downs of the economy. When the economy is booming, auto and electronics companies are willing to make expansionary capital spending decisions, and when it's weak, cutting capital spending is often the first thing companies look to do. Unfortunately, the relatively high interest rates have hit Cognex's overall growth prospects, even as it grows its AI solutions by embedding more AI/deep learning into its solutions. If and when interest rates do move lower, there's likely to be some spending due from automakers and electronics companies as end demand at least stabilizes, and they need to invest in new product development. That will benefit Cognex. All told, the combination of secular and cyclical growth makes Cognex an excellent stock to buy ahead of a rate cut. Do the experts think Cognex is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Cognex make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,047% vs. just 181% for the S&P — that is beating the market by 865.26%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $635,544!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,099,758!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Cognex. The Motley Fool has a disclosure policy. 1 Incredible Reason to Buy This Growth Stock Before Interest Rates Drop was originally published by The Motley Fool Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
26 minutes ago
- Yahoo
Super Micro (SMCI) Falls 18% on Dismal Income Performance
We recently published . Super Micro Computer, Inc. (NASDAQ:SMCI) is one of the worst-performing stocks on Wednesday. Super Micro Computer dropped its share prices by 18.29 percent on Wednesday to end at $46.79 apiece as investors sold off positions following a dismal earnings performance and a lower growth outlook due to the impact of President Donald Trump's import tariffs. In its earnings release, Super Micro Computer, Inc. (NASDAQ:SMCI) said net income in the fourth quarter of fiscal year 2025 dropped by 34 percent to $195 million from $297 million reported in the same period last year. Net sales, on the other hand, grew 7.66 percent to $5.76 billion from $5.35 billion year-on-year. Net income for the full year ending June 2025 similarly declined by 9 percent to $1.05 billion from $1.15 billion year-on-year, while net sales increased by 46 percent to $21.97 billion from $14.99 billion. In an investor call, Super Micro Computer, Inc. (NASDAQ:SMCI) CEO Charles Liang said that the company has already taken measures to reduce the impact of tariffs. Meanwhile, CFO David Weigand said that Super Micro Computer, Inc. (NASDAQ:SMCI) is closely monitoring the tariff situation, especially with more updates expected next week. 'If we have any updates, we'll share it with you, but we can only watch and react as every other business is,' he noted. While we acknowledge the potential of SMCI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
