logo
Trump Tariffs to Take Effect Thursday

Trump Tariffs to Take Effect Thursday

Bloomberg3 days ago
President Donald Trump's global tariffs are still set to go into effect on Thursday at 12:01 am ET, but a number of countries are still trying to work out last minute deals. Switzerland's president is coming to Washington to try and lower the 39% tariff Trump imposed last week. Bloomberg's Mike Shepard reports. (Source: Bloomberg)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NIKE (NKE) Declares US$0.40 Quarterly Dividend for October 2025 Payment
NIKE (NKE) Declares US$0.40 Quarterly Dividend for October 2025 Payment

Yahoo

time19 minutes ago

  • Yahoo

NIKE (NKE) Declares US$0.40 Quarterly Dividend for October 2025 Payment

As NIKE announced a quarterly cash dividend of $0.40 per share effective October 2025, its stock price moved 28% last quarter. This surge in returns contrasts with more moderate gains across major indexes like the S&P 500, which increased by 1.6% amid broader market recovery and easing concerns over tariffs. NIKE's recent share buyback, executive changes, and a new partnership with Special Olympics could have further contributed to its performance, reflecting company-specific moves that complemented overall market trends. Despite challenges such as being dropped from multiple Russell indices, NIKE's actions seemed to align positively with investor expectations. We've identified 1 weakness with NIKE and understanding the impact should be part of your investment process. Trump has pledged to "unleash" American oil and gas and these 22 US stocks have developments that are poised to benefit. NIKE's recent quarterly cash dividend announcement and strategic initiatives such as share buybacks and executive shifts come at a time when the company is transitioning its product portfolio. This transition aims to enhance sports performance products, address inventory pressures, and better integrate digital channels, potentially bolstering revenue and earnings growth. Despite these efforts, NIKE's total return over the past year was 2.36%. This is considerably lower than the broad US market return of 19.9% and the US Luxury industry return of 4.5% during the same period, suggesting investor skepticism about the immediate payoff of these strategic shifts. NIKE's current share price of US$74.35 is slightly below the consensus analyst price target of US$77.20, indicating a modest 3.84% discount. The company's longer-term growth strategy, focused on sports performance and digital integration, could align with analysts' forecasts, expecting earnings to rise to US$4.4 billion by 2028. However, this growth is contingent on market conditions and any further macroeconomic challenges. The company's previously identified hurdles, like high inventory levels and margin pressures, highlight the execution risks involved. Gain insights into NIKE's future direction by reviewing our growth report. 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 NKE. 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@ Inicia sesión para acceder a tu cartera de valores

US imports fall more than expected in June on tariff concerns, trade body data shows
US imports fall more than expected in June on tariff concerns, trade body data shows

Yahoo

time19 minutes ago

  • Yahoo

US imports fall more than expected in June on tariff concerns, trade body data shows

(Reuters) -Imports into the United States fell more than expected in June as concerns around shifting tariff policies hit retailers, raising fears of fewer product options in stores for shoppers, data from the National Retail Federation showed on Friday. WHY IT'S IMPORTANT The data comes as several of U.S. President Donald Trump's sweeping tariffs went into effect this week. As of August 7, duties range from 10% to 50%, with India, Brazil, and Switzerland facing some of the highest rates. Since April's "Liberation Day" announcement of a 10% baseline tariff, Trump has adjusted rates frequently. A temporary truce with China in May reduced tariffs to 30%, but new hikes resumed in July. BY THE NUMBERS U.S. ports covered by NRF's report handled 1.96 million 20-foot containers or its equivalent in June, which was down 8.4% year-over-year, but up 0.7% from May. That was a bigger drop from the NRF forecast from a month ago. The trade body had then projected ports would handle 2.06 million TEU in June, up 5.9% from May but down 3.7% year over year. Moreover, import cargo volume at major container ports in the U.S. is tentatively expected to end 2025 5.6% below 2024's volume, NRF's forecast showed on Friday. CONTEXT Apparel retailers, including Under Armour, Deckers Outdoor have reported tariff impacts in the past couple of months and are taking steps to diversify their supply chain to avoid tariffs on goods routed through or sourced from Southeast Asian countries like Vietnam. KEY QUOTE "Tariffs are beginning to drive up consumer prices, and fewer imports will eventually mean fewer goods on store shelves," NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. "We need binding trade agreements that open markets by lowering tariffs, not raising them." Tariffs will result in higher prices for U.S. consumers, less hiring, lower business investment and a slower economy, he added. Sign in to access your portfolio

Trump Mandates University Data To Ensure Race-Neutral Admissions
Trump Mandates University Data To Ensure Race-Neutral Admissions

Yahoo

time19 minutes ago

  • Yahoo

Trump Mandates University Data To Ensure Race-Neutral Admissions

President Donald Trump has signed an executive order requiring colleges to prove they do not consider race in admissions by submitting detailed racial and academic data to the federal government. The order, which was issued on Thursday, mandates that colleges and universities provide data, including race, GPA, and standardized test scores of applicants, admitted students, and enrollees, according to a news release from the U.S. Department of Education. Trump stated in the order that Education Secretary Linda McMahon must force colleges and universities 'to provide adequate transparency into admissions.' 'The persistent lack of available data — paired with the rampant use of 'diversity statements' and other overt and hidden racial proxies — continues to raise concerns about whether race is actually used in admissions decisions in practice,' continued the memo, as reported by The AP. This move seeks to further enforce the Supreme Court's 2023 ruling that banned affirmative action based on race in college admissions but allowed consideration of race only through applicants' personal disclosures. Trump has now alleged that colleges have been using indirect methods like personal statements and diversity proxies to circumvent the ban. Universities will be expected to submit data on a website called the Postsecondary Education Data System, which had previously only asked for racial information on enrolled students. Moving forward, this website will collect information regarding both applicants and enrollees, with the Department of Education writing that this change will 'enable the American public to assess whether schools are passing over the most qualified students in favor of others based on their race.' McMahon supported the directive in the Department of Education release, writing that universities will now be 'required to provide this data directly to us through an existing data system.' 'We will not allow institutions to blight the dreams of students by presuming that their skin color matters more than their hard work and accomplishments. The Trump Administration will ensure that meritocracy and excellence once again characterize American higher education.' Despite the call for action by the President and the Education Secretary, some have raised concerns about the ability of the Department of Education to accomplish this goal, pointing to the recent budget and staffing cuts that the department has undergone in recent months. Jason Cottrell, the former data coordinator for the Education Department's Office of Postsecondary Education, said that collecting the data will prove difficult due to the lack of employees. 'This isn't flipping a switch or typing something up and saying, 'Just do it,'' he explained, per NPR. Currently, there is no indication about when Trump expects these numbers to arrive. Still, there remain concerns about whether the Department of Education will be able to complete the task in a short timeframe.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store