Do not underestimate Tim Cook, says Laffer Tengler Investments' Nancy Tengler
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fox News
27 minutes ago
- Fox News
Business Rundown: Two Inflation Prints, Two Very Different Market Reactions
Two different inflation prints surfaced this week, resulting in two very different market reactions. So how did we move from a strong market rally on Tuesday to diminished hopes for a rate cut on Friday? FOX Business co-anchor of The Big Money Show Jackie DeAngelis speaks with CEO & CIO of Laffer Tengler Investments Nancy Tengler about economic reports out this week and dashed hopes of a September rate cut. Photo Credit: AP Learn more about your ad choices. Visit
Yahoo
30 minutes ago
- Yahoo
Trump Teases 300% Chip Tariffs--Apple May Get a Pass, Others Could Pay Big
President Donald Trump said he plans to set new tariffs on semiconductors in the coming weeks, intensifying his push to reshape global supply chains. Speaking aboard Air Force One, Trump stated he would implement levies next week and the week after targeting steel and possibly semiconductors. While he already raised steel duties to 50% in June, the mention of chips marks a potential escalation in his trade strategy, especially as the Commerce Department continues national security investigations into the semiconductor and pharmaceutical sectors. Warning! GuruFocus has detected 5 Warning Sign with UNH. Trump had earlier floated a 100% tariff on imported semiconductors, with possible exemptions for companies relocating manufacturing to the U.S. During a meeting last week with Apple (NASDAQ:AAPL) CEO Tim Cook, Trump hinted Apple could qualify for an exemption given its pledged $600 billion investment in domestic production. However, he offered no specifics on how those carve-outs would be structured. On Friday, he went further, suggesting duties could rise to 200%, 300%, adding uncertainty for chipmakers and artificial intelligence firms dependent on international supply chains. The president also linked his tariff plans to geopolitical discussions, suggesting the topic could surface during his summit with Russian President Vladimir Putin. Trump noted that Russian business leaders would be attending the meeting but indicated that deeper trade cooperation would depend on progress toward ending the war in Ukraine. Meanwhile, Trump has continued threatening tariffs elsewhere, including a 50% levy on Indian goods and potential increases on Russian energy imports if talks stall. Investors watching the semiconductor space, including firms like Tesla (NASDAQ:TSLA) and Apple, are likely weighing how such moves could ripple through production costs and global sourcing strategies. This article first appeared on GuruFocus.
Wall Street Journal
2 hours ago
- Wall Street Journal
TNB Tech Minute: Warren Buffett's Berkshire Hathaway Sells Apple Shares - Tech News Briefing
Full Transcript This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Julie Chang: Here's your afternoon TNB Tech Minute for Friday, August 15th. I'm Julie Chang for The Wall Street Journal. Warren Buffett's Berkshire Hathaway sold shares in Apple during the second quarter, further pairing its position in the iPhone maker. The conglomerate disclosed its stock holdings in a regulatory filing yesterday. It sold 20 million shares of Apple in the June quarter, marking the first time it reduced its stake in the tech giant since last year. Apple remains the company's largest holding. Plus, shares of Ukrainian telecommunications company Kyivstar Group fell on their New York Nasdaq debut. It's the first Ukraine-based firm to go public on a U.S. stock exchange. The stock closed at $11.52 today, down from its $14 opening price. Currently, Kyivstar operates more than 16,000 sites with more than 60,000 base stations in Ukraine. It serves nearly 23 million customers with mobile and 1.1 million customers with fixed connectivity services. Finally, the world's first Humanoid Robot Games have begun in China. The three-day-long event in Beijing will see more than 500 robots from 16 countries compete in sports, including soccer and boxing. The showpiece is part of China's push to become a global leader in humanoid robotics. Beijing has said it wants the country to be a world leader in humanoid robots by 2027. And that's a wrap for today's TNB Tech Minute. Be sure to tune in this Sunday and Monday for our two-part series, The New AI Data Trade.
