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Oil Slumps on Economic Data, Continued Trade War Fallout

(Bloomberg) -- Oil declined as traders parsed economic data from the US and awaited further developments regarding President Donald Trump’s trade war, including China’s efforts to support its tariff-hit economy.Most Read from BloombergNewsom Says California Is Now the World’s Fourth-Biggest EconomyNYC’s Congestion Toll Raised $159 Million in the First QuarterNew York City Transit System Chips Away at Subway Fare EvasionAt Bryn Mawr, a Monumental Plaza Traces the Steps of Black HistoryThe Last Th

Sanmina (NASDAQ:SANM) Posts Better-Than-Expected Sales In Q1 But Quarterly Revenue Guidance Misses Expectations

Electronics manufacturing services company Sanmina (NASDAQ:SANM) reported Q1 CY2025 results beating Wall Street’s revenue expectations, with sales up 8.1% year on year to $1.98 billion. On the other hand, next quarter’s revenue guidance of $1.98 billion was less impressive, coming in 4.4% below analysts’ estimates. Its non-GAAP profit of $1.41 per share was 2.5% above analysts’ consensus estimates.