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IT distribution giant TD SYNNEX (NYSE:SNX) missed Wall Street’s revenue expectations in Q1 CY2025 as sales rose 4% year on year to $14.53 billion. Next quarter’s revenue guidance of $14.3 billion underwhelmed, coming in 2.7% below analysts’ estimates. Its non-GAAP profit of $2.80 per share was 3.6% below analysts’ consensus estimates.

(Bloomberg) -- Goldman Sachs Group Inc. said Turkey will probably raise its main interest rate by mid-April, following a week of political and market turmoil sparked by the detention of President Recep Tayyip Erdogan’s biggest rival.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face Hi

News of the day for March 27, 2025

Automakers get walloped by new Trump tariffs.

(Bloomberg) -- Vanguard Group held discussions with major alternative asset managers in recent months to explore potential tie-ups that would market private assets to individual investors.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesThe talks

Global automaker stocks are tumbling Thursday, a day after President Donald Trump announced a 25% tariff on the import of foreign-made cars and auto parts not compliant with the U.S.-Mexico-Canada Agreement (USMCA).

While many strategists have been lowering their S&P 500 year-end targets, they don't think a sell-off in large-cap tech stocks is likely to continue.