News

Tesla sold 30,688 China-made vehicles in February, a 49% plunge from a year ago. The data came shortly after figures showed a plunge in European sales.

Foundation Devices CEO Zack Herbert reveals that a Trump advisor told the former president the U.S. should stockpile Bitcoin rather than let China accumulate more.

Trump-based euphoria has evaporated from the stock market as recent tariff escalations and disappointing data spark growth fears.

Aerospace and defense technology solutions provider Astronics Corporation (NASDAQ:ATRO) announced better-than-expected revenue in Q4 CY2024, with sales up 6.8% year on year to $208.5 million. Guidance for next quarter’s revenue was better than expected at $197.5 million at the midpoint, 2% above analysts’ estimates. Its GAAP loss of $0.08 per share was significantly below analysts’ consensus estimates.

Cloud content storage and management platform Box (NYSE:BOX) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 6.3% year on year to $279.5 million. On the other hand, next quarter’s revenue guidance of $274.5 million was less impressive, coming in 1.8% below analysts’ estimates. Its GAAP profit of $1.12 per share was significantly above analysts’ consensus estimates.

Heavy equipment distributor Custom Truck One Source (NYSE:CTOS) fell short of the market’s revenue expectations in Q4 CY2024, with sales flat year on year at $520.7 million. On the other hand, the company’s full-year revenue guidance of $2.02 billion at the midpoint came in 8.3% above analysts’ estimates. Its GAAP profit of $0.12 per share was significantly above analysts’ consensus estimates.

U.S. stocks tumbled on Tuesday after the Trump administration’s long-promised tariffs took effect. The tech-heavy Nasdaq ticked down 0.3%. The policy taxes imports from Mexico, Canada and China -- the three largest trading partners of the United States -- meaning that it could raise prices for everything from gasoline to avocados to iPhones.