News

US indexes were back in sell-off mode, and China's latest retaliatory tariff further escalates the trade war.

The Iowa-based gas station and convenience store chain could be well-positioned to expand and relatively insulated from tariffs, KeyBanc analysts said.

Elsewhere in financial markets, the mood was gloomier and pointed to deteriorating confidence in U.S. assets.

Analysts from Bank of America on Friday upgraded American Express stock to a "buy" rating, saying the credit card provider should be resilient through a potential downturn or recession.

Shares of analog chip manufacturer Texas Instruments (NASDAQ:TXN) fell 8.3% in the morning session after China Semiconductor Industry Association issued an emergency directive detailing new methods for verifying the origin of imported chips. According to reports, the location of the wafer fabrication plant would define the origin of imports when tariffs are applied. This meant that companies with manufacturing facilities in the US might be severely affected by the escalating US-China trade tensi

Shares of industrial supplier Fastenal (NASDAQ:FAST) jumped 7% in the afternoon session after the company reported strong first quarter 2025 results which blew past analysts' sales volume expectations. Sales, EBITDA, and EPS were also in line with expectations, which showed the company was executing as expected. Sales growth continued to improve despite broader business activity remaining soft, helped by a bigger base of customers spending more each month. Overall, we think this was a decent qua

NEW YORK (Reuters) -Wild swings in global markets are poised to keep U.S. stock investors on edge in the coming week, as a weakening dollar and a selloff in Treasuries compound extreme equity volatility that erupted after President Donald Trump launched his sweeping tariffs. The S&P 500 was set for solid gains on the week after Trump pulled back on the heftiest tariffs on many countries, relieving Wall Street's worst-case scenario. Concerns about lasting economic damage remained as the U.S. and China ratcheted up their trade battle and questions lingered over levies elsewhere as Trump only paused many of the most severe tariffs.