General Motors (NYSE:GM) Bolsa

GENERAL MOTORS CO

General Motors

General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under three segments: GM North America, GM International, and GM Financial. The United States now has four brands instead of eight under old GM. The company regained its US market share leadership in 2022, after losing it to Toyota due to the chip shortage in 2021. 2024's share was 17.0%. The Cruise autonomous vehicle arm, which GM now owns outright, previously operated driverless geofenced AV robotaxi services in San Francisco and other cities, but after a 2023 accident, GM decided that it will focus on personal AVs. GM Financial became the company's captive finance arm in 2010 via the purchase of AmeriCredit.

Ford

News

DRIV

iShares Trust Dow Jones USnsumer Goods Sector Index Fund

STLA

Ford retira casi 274.000 SUV por riesgo de fallo en los frenos. Afecta a modelos Expedition y Navigator fabricados entre 2022 y 2024.

Ford retira casi 274.000 SUV por riesgo de fallo en los frenos

Equities

Markets

General

SANM

SBUX

Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este martes: GM, KO, SANM, NVS y SBUX.

5 acciones en el foco este martes: GM, KO, SANM, NVS y SBUX

Tilburg,,Netherlands,-,September,25,,2016:,Tesla,Motors,Assembly,Plant

Tech

TSLA

Tesla se perfila como la más preparada frente a los nuevos aranceles, aunque enfrenta riesgos estratégicos clave.

Tesla (TSLA) enfrenta aranceles de Trump mejor que GM y Ford, según Dan Ives

General Motors Co

Gama Aviation PLC

Genmab AS

GENTING MALAYSIA BHD ORD by Genting Malaysia Berhad

Genting Malaysia Bhd

GENTING MALAYSIA S/ADR by Genting Malaysia Berhad

FT Vest U.S. Equity Moderate Buffer ETF - March

FT Vest U.S. Equity Moderate Buffer ETF - May

GAMB

Gunma Bank Ltd

ESPORTS ENTMNT GRP INC by Esports Entertainment Group, Inc.

Esports Entertainment Group Inc

ESPORTS ENTMNT GRP PFD by Esports Entertainment Group, Inc.

Esports Entertainment Group Inc Warrants (31/03/2025)

Esports Entertainment Group Inc Warrants (02/03/2027)

GRUPO MEXICO SA B by Grupo Mexico S.A.B. de C.V.

Grupo Mexico SAB de CV

GMCoin

GAMIDA CELL LTD ORD

Gamida Cell Ltd

GEM DIAMONDS LTD ORD by Gem Diamonds Ltd.

Gem Diamonds Ltd

GEM DIAMONDS LTD UNSP/ADR by Gem Diamonds Ltd.

GLOBAL MED PRODS HDGS INC by Global Medical Products Holdings, Inc.

Global Medical Product Holdings Inc

GameStop Corp

Globus Medical, Inc. Class A Common Stock

Globus Medical Inc

GAMEE

GME GROUP HLDGS LTD by GME GROUP HLDGS LTD.

Gambit Energy Inc

GOME ELEC APP HLDG ORD by GOME Retail Holdings Limited

GOME Retail Holdings Ltd

Good Gaming Inc

VanEck Green Metals ETF

GAMEON ENTMT TECHNOLOGIES by GameOn Entertainment Technologies Inc.

GameOn Entertainment Technologies Inc

T-REX 2X Long GME Daily Target ETF T-REX 2X Long GME Daily Target ETF

GME INNOTAINMENT INC by GME Innotainment, Inc.

GME Innotainment Inc

SPDR S&P Emerging Asia Pacific ETF

Aetherium Acquisition Corp

Aetherium Acquisition Corp Units (1 Ord Share Class A & 1 War)

Aetherium Acquisition Corp Warrants (21/12/2026)

Golden Matrix Group Inc

GRAPHENE MFG GROUP LTD by Graphene Manufacturing Group Ltd.

Graphene Manufacturing Group Ltd

Goodman Group

GAMING TECHNOLOGIES INC by GAMING TECHNOLOGIES INC.

Gaming Technologies Inc

GENUINE MARKETING GROUP by Genuine Marketing Group Inc.

Genuine Marketing Group Inc

GAM Holding AG

GAM Holding AG ADR

Gamehaus Holdings Inc. - Class A Ordinary Shares

Gamehaus Holdings Inc

G MINING VENTURES CRP NEW by G Mining Ventures Corp.

G Mining Ventures Corp

GRUMA SAB DE CV UNSP/ADR by Gruma S.A.B. de CV

Gruma SAB de CV

GOLAR LNG PRTNRS 8.75 PFD by Golar LNG Partners LP

Golar LNG Partners LP

Global Mofy AI Limited - Class A Ordinary Shares

Global Mofy AI Ltd

Tidal Trust III GammaRoad Market Navigation ETF

Gama Explorations Inc

BlackRock ETF Trust iShares Government Money Market ETF

Giant Mammoth - United States Dollar

GREEN MTN DEV CORP by Green Mountain Development Corp.

Green Mountain Development Corp

GOLD MOUNTAIN LTD by GOLD MOUNTAIN LTD.

GEMINI GROUP GLOBAL CORP by Gemini Group Global Corp.

Gemini Group Global Corp

Gaumont

Goldman Sachs ETF Trust Goldman Sachs Dynamic New York Municipal Income ETF

GMO FINANCIAL GATE INC by GMO Financial Gate Inc.

GMO GLOBALSIGN HLDGS K K by GMO GLOBALSIGN HLDGS K K

The 2023 ETF Series Trust II GMO International Value ETF

Cambria Global Momentum ETF

GMO RESH INC by GMO RESH INC.

The 2023 ETF Series Trust II GMO US Value ETF

GMO INTERNET INC ORD by GMO Internet, Inc.

GMO Internet group Inc

RF CAPITAL GRP PFD B by RF Capital Group Inc.

RF Capital Group Inc

GOURMET PROVISIONS INTL by Gourmet Provisions International Corporation

Unique Global Innovative Solutions Corp

GESTAMP AUTOMOCION S A by GESTAMP Automocion S A

Gestamp Automocion

GiveMePower Corp

RF CAPITAL GROUP INC by RF Capital Group Inc.

Gelum Resources Ltd

Global Medical REIT Inc

Global Medical REIT Inc. Series A Cumulative Redeemable Preferred Stock

Asara Resources Ltd

GMS Inc

GRAND ENTMT & MUSIC INC by Grand Entertainment & Music, Inc.

Gamesquare Esports Inc

GMT - United States Dollar

GMTech Inc

GUARDIAN METAL RES PLC by Guardian Metal Resources PLC

Guardian Metal Resources PLC

GOLD MTN MNG CORP by Gold Mountain Mining Corp.

Gold Mountain Mining Corp

GREEN MOUNTAIN MERGER INC by Green Mountain Merger, Inc.

Gamuda Bhd

Goldman Sachs ETF Trust Goldman Sachs Municipal Income ETF

Goldman Sachs ETF Trust Goldman Sachs Community Municipal Bond ETF

G MED INNOVATIONS HLD LTD by G Medical Innovations Holdings Ltd

G Medical Innovations Holdings Ltd

Entain PLC

GMV MINERALS INC NEW by GMV Minerals, Inc.

GMV Minerals Inc

G Medical Innovations Holdings Ltd Warrants (01/01/9999)

GAMES WORKSHOP GRP ORD UK by Games Workshop Group

Games Workshop Group PLC

GMX - United States Dollar

GRUPO MEXICANO SA by Grupo Mexicano de Desarrollo S.A.

Grupo Mexicano de Desarrollo S A B

GMEXICO TRANSPORTES SAB by GMexico Transportes SAB de CV

GMexico Transportes SAB de CV

GAS MALAYSIA BHD by GAS MALAYSIA BHD

GMO INTERNET INC UNSP/ADR by GMO Internet, Inc.

GMO PAYMENT GATEWAY INC by GMO Payment Gateway, Inc.

GMO Payment Gateway Inc

Moneta Money Bank AS

GEMZ Corp

Mizuho analyst Vijay Rakesh maintains General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) with a Outperform and raises the price target from $53 to $58.

Price Target

Analyst Ratings

Mizuho Maintains Outperform on General Motors, Raises Price Target to $58

<a href="https://asia.nikkei.com/Business/Automobiles/GM-to-reassess-its-China-luxury-import-business-as-sales-sputter">https://asia.nikkei.com/Business/Automobiles/GM-to-reassess-its-China-luxury-import-business-as-sales-sputter</a>

'GM to reassess its China luxury import business as sales sputter'- Nikkei

President Donald Trump <a href="https://www.youtube.com/watch?v=6tBiXMMTdrM&amp;t=13s">said</a> that revenue from tariffs could potentially eliminate the need for the federal income tax, citing the period from 1870 to 1913 when tariffs were the primary source of federal income and the nation experienced significant prosperity.
<h2 class="wp-block-heading">Record Revenue Meets Real-World Roadblocks</h2>
That claim to Fox News comes as U.S. customs duties surged to a historic high in April. The<a href="https://www.fiscal.treasury.gov/files/reports-statements/mts/mts0425.pdf"> Treasury Department </a>reported collecting a record $16.3 billion in customs duties—driven by steep new tariffs—marking the highest single-month total ever recorded.
April&#8217;s spike followed the rollout of <a href="https://www.benzinga.com/personal-finance/25/03/44237846/trump-proposes-special-a-gold-card-for-wealthy-immigrants-that-costs-5-million-says-selling-enou">Trump&#8217;s</a> newly enacted tariffs, including a 25% steel tariff and a sweeping 10% universal tariff that went into effect on April 2.
Don't Miss:
<ul class="wp-block-list">
<li>Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">Invest before it's too late.</a></li>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.30/share!</a></li>
</ul>
Still, the broader financial picture tells a different story. As of March, The Treasury has already reached the current debt limit of $36.1 trillion, according to<a href="https://www.cbo.gov/publication/61265"> the Congressional Budget Office</a>. The federal deficit reached<a href="https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit/"> $1.31 trillion</a> in the first half of fiscal 2025.
"If you get to $100 billion to $200 billion, you'll be pretty lucky," Moody's Chief Economist Mark Zandi told <a href="https://www.cnbc.com/2025/04/01/tariffs-may-raise-much-less-than-white-house-projects-economists-say.html">CNBC</a>, offering a reality check and arguing that tariffs alone won't replace income tax burdens.
The auto sector is already feeling the squeeze.<a href="https://www.reuters.com/business/autos-transportation/ford-hikes-prices-mexico-produced-models-citing-tariffs-2025-05-07/"> Reuters</a> reviewed a memo sent by Ford Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) to dealers on May 7, which said that the company would raise prices by $2,000 on three models assembled in Mexico—the Mustang Mach-E, Maverick, and Bronco Sport—due to new tariffs. <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0000037996/f84f5dbe-040c-4931-902d-beeabbb356f0.pdf">Ford is bracing for $2.5 billion</a> in added costs and has suspended its 2025 financial guidance.&nbsp;
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</a>
General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) has <a href="https://investor.gm.com/static-files/5522207f-8b91-4788-b1ec-617c2981c3e5">disclosed </a>a projected<a href="https://www.benzinga.com/startups/25/02/43463099/donald-trumps-25-tariff-plan-only-tough-measures-will-level-the-playing-field-kevin-oleary-explains-the-strategy"> tariff </a>exposure of $4 billion to $5 billion for 2025, prompting a downward revision of its annual earnings forecast and a pause on its $4 billion share-buyback program.
Beyond auto, the ripple effect stretches into food and beverage. In Pittsburgh, small businesses like Brew Gentlemen Brewery and Lotus Foods have reported delays, cost spikes, and logistical hurdles that some say echo COVID-era supply chain chaos, according to<a href="https://www.theguardian.com/us-news/2025/may/01/trump-tariffs-pittsburgh-covid-2-0-us-economy"> The Guardian</a>.
Internationally, the situation is escalating. The European Union is preparing a €100 billion ($113 billion) retaliation plan—including tariffs on Boeing aircraft—if U.S.-EU negotiations break down. The move follows the U.S.&#8217;s April 2 decision to impose a 20% tariff on nearly all EU exports, as the<a href="https://www.ft.com/content/42458681-95c4-463e-866d-1c6968e61df6"> Financial Times</a> reported.
Read Next:
<ul class="wp-block-list">
<li>Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>. </li>
<li>Nancy Pelosi Invested $5 Million In An AI Company Last Year — <a href="https://www.benzinga.com/money/elf-labs-ym?v=123">Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000.</a></li>
</ul>
Image: Shutterstock

Personal Finance

Trump Says Tariff Money Could 'Replace The Income Tax' — April Customs Collections Hit Record $15.4 Billion As New Duties Take Effect

General Motors Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) has announced the development of a revolutionary EV battery technology, aiming to secure a leading position in the market with its cost-effective solution for large electric SUVs and trucks.
What Happened: GM is spearheading a unique EV battery technology that is set to reduce costs and boost the profitability of its largest electric vehicles. The new lithium manganese-rich (LMR) prismatic battery cells are anticipated to be integrated into full-size electric vehicles, such as the Chevrolet Silverado and Escalade IQ, beginning in 2028, <a href="https://www.cnbc.com/2025/05/13/gm-new-ev-battery-tech.html">reported</a> CNBC.
The innovative batteries employ more abundant and less expensive minerals such as manganese, replacing larger quantities of cobalt and nickel&nbsp;used in EV batteries at present. This shift in battery chemistry influences several factors, including the range, safety, energy efficiency and charging capabilities of EVs.
&#8220;LMR unlocks the premium range&nbsp;and performance at an affordable&nbsp;cost,&#8221; stated&nbsp;Kurt Kelty,&nbsp;the vice president of battery,&nbsp;propulsion, sustainability at General Motors. He further described it as a &#8220;game-changing battery for electric trucks.&#8221;
GM is developing its new battery technology in collaboration with LG Energy Solution. Ultium Cells, the joint venture, aims to begin commercial production of LMR prismatic cells in the U.S. by 2028, with preproduction set to start at an LG Energy Solution facility by late 2027.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/25/05/45314762/charlie-munger-was-once-asked-why-warren-buffett-was-so-much-richer-and-replied-he-got-an-earlier-start-before-adding-why-was-albert-einstein-poorer-than-i-was" target="_blank" rel="noreferrer noopener">Charlie Munger Was Once Asked Why Warren Buffett Was So Much Richer — He Replied, &#8216;He Got An Earlier Start,&#8217; Then Added, &#8216;Why Was Albert Einstein Poorer Than I Was?&#8217; &#8211; Benzinga</a>
Why It Matters: This announcement comes at a critical time for GM. Earlier in May, the company had to&nbsp;<a href="https://www.benzinga.com/news/earnings/25/05/45150325/gm-cut-its-2025-forecast-on-tariffs-but-core-business-holds-up-says-goldman-sachs">revise its 2025 forecast</a>&nbsp;due to tariff uncertainty, impacting its estimated earnings by $4.0 billion to $5.0 billion. 
Furthermore, the federal EV credit program, a significant incentive for EV buyers, is under threat of being&nbsp;<a href="https://www.benzinga.com/tech/25/05/45277309/house-gop-representatives-want-to-axe-federal-ev-credit-amid-trumps-tax-cuts-report">eliminated by House Republicans</a>. In this context, GM&#8217;s new battery technology could be a game-changer, potentially reducing costs and increasing the appeal of its EVs, thereby boosting sales and offsetting these challenges.
In March, a Reuters report revealed that Hyundai Motors and General Motors are nearing a deal where Hyundai would supply two electric commercial van models to GM, while GM may provide pickup trucks for Hyundai to sell under its brand in North America. The talks could lead to a broader partnership, including joint efforts in chip procurement, next-gen batteries and battery materials.
Benzinga&#8217;s Edge Rankings place General Motors in the 80th percentile for quality and the 91st percentile for value, reflecting its strong performance in both areas.&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Check the detailed report here.</a>
Over the past 5 days, GM stock climbed 8.87%, while year to date it dropped over 2%.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/25/04/45091619/paypal-says-its-moving-quickly-on-crypto-stablecoinfintech-giant-partners-with-coinbase-to-boost-pyusd" target="_blank" rel="noreferrer noopener">PayPal CEO Says &#8216;Moving Quickly&#8217; To Bring Crypto, Stablecoin Benefits To Users — Fintech Giant Partners With Coinbase To Boost Solana-based PYUSD &#8211; Benzinga</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

GM's New Battery Chemistry Aims To Slash EV Costs And Deliver Affordable High-Performance Electric Trucks

Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) recalls nearly 274,000 SUVs in the U.S. due to a brake line defect.
The <a href="https://static.nhtsa.gov/odi/rcl/2025/RCLRPT-25V314-7594.PDF" target="_blank" rel="noreferrer noopener">recall</a> affects certain Ford Expedition and Lincoln Navigator models built between 2022 and 2024.
According to the National Highway Traffic Safety Administration, front brake lines in some vehicles may have been bent during assembly. This could cause them to contact the engine air cleaner outlet pipe and increase the crash risk. 
Of the 273,789 affected vehicles, about 223,315 are Expeditions and 50,474 are Navigators. Ford traced the issue to its Kentucky Truck Plant, where a revised radiator hose stowage procedure was introduced in November 2024.
Related: <a href="https://www.benzinga.com/markets/25/05/45277938/ford-hikes-prices-of-select-mexico-produced-vehicles-amid-auto-tariff-uncertainty-report" target="_blank" rel="noreferrer noopener">Ford Hikes Prices Of Select Mexico-Produced Vehicles Amid Auto Tariff Uncertainty</a>
As of April, Ford received 45 warranty claims, two field reports, and two customer service complaints related to the issue. No one reported accidents or injuries thus far. The company&#8217;s Field Review Committee approved the recall on May 2, 2025.
Ford will notify owners by mail and instruct them to bring their vehicles to a Ford or Lincoln dealer to inspect the front brake line.
Related ETFs: Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>), iShares U.S. Consumer Goods ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYK#NYSE">IYK</a>).
Price Action: F shares are trading lower by 0.28% at $10.57 premarket on the last check Wednesday.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/05/45381497/jeff-bezos-backed-slate-hit-100k-ev-reservations-in-2-weeks-how-it-compares-to-cybertruck-launch" target="_blank" rel="noreferrer noopener">Jeff Bezos-Backed Slate Hits 100K EV Reservations In 2 Weeks: How It Compares To Cybertruck Launch</a></li>
</ul>
Image: Shutterstock

Ford Issues Recall Of Over 270,000 Vehicles As Safety Concerns Mount

The recent trade agreement between the&nbsp;U.K.&nbsp;and the&nbsp;U.S.&nbsp;has been met with disapproval from&nbsp;China, potentially adding more complexity to London&#8217;s ongoing efforts to rebuild its relations with Beijing.
What Happened: The trade pact, which imposes strict security measures on Britain&#8217;s steel and pharmaceutical sectors, is the first of its kind since the U.S. introduced &#8220;reciprocal tariffs&#8221; last month. China&#8217;s foreign ministry expressed that it is a &#8220;fundamental principle&#8221; that agreements between nations should not be aimed at other countries, <a href="https://www.ft.com/content/52f7be1c-e708-4b01-b486-7f189a52c842">reported</a> the Financial Times.
This situation puts London in a delicate position between the two economic powers and may further complicate the U.K. government&#8217;s efforts to rebuild ties with China. Beijing cautioned countries against trade deals with the U.S. that could harm Chinese interests, concerned that President Trump may use such agreements to push China out of supply chains.
"Co-operation between states should not be conducted against or to the detriment of the interests of third parties,"&nbsp; the Chinese foreign ministry told the publication. 
Meanwhile, Zhang Yansheng, a senior researcher at the China Academy of Macroeconomic Research, saw this as Washington&#8217;s attempt to &#8220;isolate&#8221; China. According to him, "This type of poison pill clause is actually worse than the tariffs." Yansheng urges China to discuss the matter with the U.K. without any retaliation.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45384934/dogecoin-shiba-inu-surge-over-25-in-7-days-what-is-going-on" target="_blank" rel="noreferrer noopener">Dogecoin, Shiba Inu Surge Over 25% In 7 Days: What Is Going On? &#8211; Benzinga</a>
Why It Matters: This development follows the&nbsp;<a href="https://www.benzinga.com/politics/25/05/45293839/trump-starmer-strike-us-uk-trade-deal-steel-cars-beef">US-UK trade deal</a>&nbsp;that was sealed earlier this month, aimed at cutting tariffs, boosting industrial ties and securing billions in new market access. The trade agreement also entails reductions in punitive U.S. tariffs on U.K. car and steel exports, though it stops short of fully eliminating the baseline 10% tariff on British goods. Tariff relief for British products depends on the outcome of Section 232 investigations, which assess how certain imports affect U.S. national security.
However, the deal <a href="https://www.benzinga.com/25/05/45314561/trumps-uk-trade-deal-draws-criticism-from-ford-gm-stellantis-this-hurts-american-automakers-suppliers-and-auto-workers">drew criticism</a> from American automakers, including&nbsp;Ford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), who feared it could harm the U.S. auto industry. 
Furthermore, Chinese President Xi Jinping on Tuesday <a href="https://www.benzinga.com/markets/25/05/45374966/xi-jinping-warns-bullying-and-hegemony-will-only-result-in-self-isolation-in-first-remarks-since-us-china-tariff-suspension">warned </a>that &#8220;bullying and hegemony will only result in self-isolation,&#8221; in his first remarks since the 90-day U.S.-China tariff suspension. This statement indirectly referred to the U.S. and could be seen as a cautionary message to other nations, including the U.K.
In response to China&#8217;s criticism U.K. government stated, &nbsp;"trade and investment with China remain important to the U.K." and that it would continue &#8220;to engage pragmatically in areas that are rooted in U.K. and global interests".
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/25/05/45314762/charlie-munger-was-once-asked-why-warren-buffett-was-so-much-richer-and-replied-he-got-an-earlier-start-before-adding-why-was-albert-einstein-poorer-than-i-was" target="_blank" rel="noreferrer noopener">Charlie Munger Was Once Asked Why Warren Buffett Was So Much Richer — He Replied, &#8216;He Got An Earlier Start,&#8217; Then Added, &#8216;Why Was Albert Einstein Poorer Than I Was?&#8217; &#8211; Benzinga</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

China Slams UK-US Trade Pact, Finds It 'Against' Its Interests: 'This Type Of Poison Pill Clause Is Actually Worse Than The Tariffs'

<a href="https://www.cnbc.com/2025/05/13/gm-new-ev-battery-tech.html">https://www.cnbc.com/2025/05/13/gm-new-ev-battery-tech.html</a>

'GM unveils new 'groundbreaking' EV battery tech, aims to be first to market'- CNBC

House Republicans on Monday introduced legislation to eliminate the electric vehicle tax credit and repeal fuel efficiency rules, potentially disrupting billions in automaker investments amid growing <a href="https://www.benzinga.com/tech/25/05/45277309/house-gop-representatives-want-to-axe-federal-ev-credit-amid-trumps-tax-cuts-report">industry concerns about abrupt policy changes</a>.
What Happened: The proposal, scheduled for a House Ways and Means Committee hearing on Tuesday, would terminate the $7,500 new-vehicle tax credit and $4,000 used-vehicle credit on December 31, though it extends the new-vehicle credit one year for automakers that haven&#8217;t reached 200,000 EV sales, Reuters reported.
While preserving the crucial battery production tax credit, the bill adds a provision barring credits for vehicles using components from Chinese companies or made under Chinese licensing agreements starting in 2027. This could impact automakers like Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) that utilize Chinese battery technology, the report noted.
The legislation would also rescind any unobligated funding from an advanced technology vehicle loan program that recently finalized several major deals, including $9.63 billion to Ford-SK On joint venture, $7.54 billion to Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>)-Samsung SDI venture, and $6.57 billion to Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>).
See Also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45353863/new-inflation-data-hits-tuesday-why-it-could-kill-fed-rate-cut-hopes">New Inflation Data Hits Tuesday: Why It Could Kill Fed Rate Cut Hopes</a>
Why It Matters: Electric Drive Transportation Association President Genevieve Cullen criticized the proposal as &#8220;catastrophically short-sighted,&#8221; arguing it would deliver &#8220;an enormous market advantage&#8221; to competitors like China while threatening U.S. manufacturing jobs.
The move aligns with comments from House Speaker Mike Johnson, <a href="https://www.benzinga.com/tech/25/05/45277309/house-gop-representatives-want-to-axe-federal-ev-credit-amid-trumps-tax-cuts-report">who recently stated</a>, &#8220;I think there is a better chance we kill it than save it,&#8221; regarding the EV credit program. Industry experts project the incentives could cost $200 billion over the next decade.
Major U.S. automakers, including General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Ford, have urged the President Donald Trump administration to phase out credits gradually rather than <a href="https://www.benzinga.com/markets/25/02/43648415/tesla-rivals-call-for-gradual-elimination-of-ev-tax-credits-many-of-those-jobs-will-be-at-risk">eliminate them immediately</a>, warning that jobs in the growing &#8220;Battery Belt&#8221; across 12 states could be at risk. 
The U.S. has already committed <a href="https://www.benzinga.com/markets/25/02/43648415/tesla-rivals-call-for-gradual-elimination-of-ev-tax-credits-many-of-those-jobs-will-be-at-risk">approximately $200 billion</a> to create 200,000 EV-related jobs.
Photo Courtesy: Natee Meepian On Shutterstock.com
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/tech/25/05/45357613/china-tariff-de-escalation-biggest-winners-include-tesla-apple-new-tech-highs-back-on-the-table-now-for-2025">China Tariff De-Escalation Biggest Winners Include Tesla, Apple: &#8216;New Tech Highs Back On The Table Now For 2025&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

RIVN

Republicans Target EV Perks With New Bill: Ford, Tesla, Rivian Face Fallout As $200 Billion In Battery Belt Investments Hang In Balance

WIIM

ADNT

APTV

FOXF

HLLY

LAZR

LCID

MBLY

PATK

Shares of auto and auto parts stocks are trading higher after the US and China agreed to a temporary reduction in most tariffs on each other's goods. This could alleviate supply chain uncertainty in the sector.

On Sunday, University of Michigan economist Justin Wolfers highlighted the unusual carveouts in the new U.S.-U.K. trade framework, with leading British brands such as Rolls-Royce Plc, Aston Martin, Bentley, and several other high-end automakers effectively dodging the tariffs.
What Happened: During his appearance on Times Radio, Wolfers called the decision &#8220;politically insane,&#8221; arguing that it undermines the administration's stated goal of protecting American workers and reshoring production.
Wolfers finds it amazing that President Donald Trump said &#8220;we've got to give them a break on the Rolls-Royces because they're beautifully made, handcrafted cars,&#8221; since the &#8220;whole point of the tariffs is to bring production to America,&#8221; he says.
See Also: <a href="https://www.benzinga.com/25/05/45341851/ross-gerber-calls-waymos-self-driving-taxis-better-than-human-says-theyre-tough-competition-for-uber-and-tesla">Ross Gerber Calls Google-Backed Waymo&#8217;s Self-Driving Taxis &#8216;Better Than A Human,&#8217; Says They&#8217;re &#8216;Tough Competition&#8217; For Uber And Tesla</a>
&#8220;We have tariffs on bananas, something no American worker is ever going to learn to grow,&#8221; Wolfers said, pointing to similarly inexplicable duties on vanilla and diamonds, which the U.S. can't produce or mine. And yet, &#8220;the one thing we definitely can't do [without] is Rolls-Royces, so that gets a special carveout.&#8221;
Wolfers wonders if &#8220;these people&#8221; just see the parking lot at Mar-a-Lago and think &#8220;well that's what people drive, that will help working and middle class Americans,&#8221; highlighting the absurdity of this move.
Why It Matters: Wolfers has repeatedly criticized the aimless, shifting goalposts and <a href="https://benzinga.com/markets/25/04/45091467/trump-can-either-have-his-cake-or-eat-it-economist-justin-wolfers-calls-out-presidents-fundamental-incoherence-on-trade-deals-and-tariffs">&#8220;fundamentally incoherent&#8221; nature</a> of Trump&#8217;s tariffs. Just a week ago, he stated that Trump can either have a deal or tariff revenue, no both.
Just a day after the &#8220;Liberation Day&#8221; tariffs were unveiled, Wolfers called it &#8220;monstrously destructive,&#8221; and something <a href="https://benzinga.com/markets/equities/25/04/44620423/trumps-sweeping-tariffs-could-cost-us-20-trillion-crash-markets-warn-economists-monstrously-destructive">that would hurt</a> &#8220;working Americans more than anyone else.&#8221;
Automakers General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) have joined in on the criticism of <a href="https://benzinga.com/25/05/45314561/trumps-uk-trade-deal-draws-criticism-from-ford-gm-stellantis-this-hurts-american-automakers-suppliers-and-auto-workers">Trump&#8217;s trade deal</a> with U.K., saying that &#8220;it will now&nbsp;be cheaper to import a&nbsp;U.K. vehicle with very little&nbsp;U.S. content than a USMCA&nbsp;compliant vehicle from Mexico or&nbsp;Canada that is half American&nbsp;parts.&#8221; 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="‘If I was British I'd be p&#x2A;&#x2A;sed' Trump's UK deal is not the end of the trade war &#x7C; Justin Wolfers" width="500" height="281" src="https://www.youtube.com/embed/171Q2oZBJL4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45341262/trumps-millionaire-tax-more-of-a-symbolic-gesture-than-step-towards-reducing-inequality-warn-experts-its-going-to-give-a-lot-of-republicans-heartburn">Trump&#8217;s Millionaire Tax More Of A Symbolic Gesture Than Step Towards Reducing Inequality, Warn Experts: &#8216;It&#8217;s Going To Give A Lot Of Republicans Heartburn&#8217;</a></li>
</ul>
Image Via Shutterstock

Government

Economics

Trump's UK Trade Carveouts Baffles Economist Justin Wolfers: Bentley, Rolls-Royce Exemption Is 'Politically Insane'

Americans are scrambling to buy new cars as President Donald Trump's tariffs on imported vehicles and auto parts are expected to drive up prices. Data from Cox Automotive <a href="https://www.cbsnews.com/news/u-s-new-vehicle-sales-surge-buyers-hope-to-beat-tariff-hikes/">shows</a> that new car sales in March rose 17% from the month before and 12% from March 2024. Some analysts <a href="https://www.usatoday.com/story/money/cars/2025/05/05/economists-tariff-costs-per-vehicle/83446003007/">estimate</a> the tariff impact to range from $2,000 to $15,000 per vehicle in the U.S.
However, before you panic and rush to buy a new car for no solid reason, take a lesson from Warren Buffett.
Don't Miss:
<ul class="wp-block-list">
<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.30/share with a $1000 minimum.</a></li>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> this is your last chance to become an investor for $0.80 per share.</a></li>
</ul>
It's common to come across billionaires bragging about their luxury car fleets, huge mansions and private jets. But it's rare to find someone like Buffett—one of the five richest people in the world, worth $158 billion—driving the same sedan for eight years.
Buffett is known for not spending needlessly on new cars and for avoiding any purchases he doesn&#8217;t need. Buffett once <a href="https://www.youtube.com/watch?v=H5pjizrVQFQ">explained</a> why he dislikes going car shopping during a public event:.
"I&#8217;m not ready for that. It&#8217;s another car. I look at that like anything else. It would probably take me half a day to go through the exercise of buying a car and reading the owner&#8217;s manual and all that, and that&#8217;s just a half a day I don&#8217;t want to give up in my life for no benefit," Buffett said.
Trending: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
<h2 class="wp-block-heading">"Totally Happy" With Existing Car</h2>
The billionaire, 94, said safety is the top feature he looks for when buying a new car, adding that he does not "like to" trade away his time for a new vehicle because he's happy with his car.
"I&#8217;m totally happy with the car. I just don&#8217;t want to trade away the amount of time I&#8217;d have to spend fooling around to get familiar with the—and get title to—and do all the things, the rest of the things, pick one out, saw a new car," Buffett said during the event. "But if there&#8217;s a safer car made, I&#8217;ll be driving in it."
See Also: <a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a>
<h2 class="wp-block-heading">Check for a New Car in "30 Seconds"</h2>
Buffett added that he would write a check in "30 seconds" if he could find a better car than his current one.
The Oracle of Omaha famously drove his 2006 Cadillac DTS for eight years, until General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) CEO Mary Barra in 2014 finally convinced him to upgrade to a newer, better model. And it took way more than 30 seconds to convince the billionaire. Buffett asked Barra what made the new Cadillac models better:
&#8220;She told me about 50 things that were better," Buffett <a href="https://www.forbes.com/sites/joannmuller/2014/07/15/warren-buffett-shares-the-inside-scoop-he-bought-a-cadillac-not-a-subaru/">told Forbes</a> in 2014. "By the time we got to lunch &#8212; and it&#8217;s only five or six minutes &#8212; she sold me.&#8221;
The billionaire traded in his 2006 Cadillac for a 2014 Cadillac XTS.
Read Next:
<ul class="wp-block-list">
<li>Nancy Pelosi Invested $5 Million In An AI Company Last Year — <a href="https://www.benzinga.com/money/elf-labs">Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000.</a></li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.30/share!</a></li>
</ul>
Image: Shutterstock

Warren Buffett Didn't Buy a New Car for Years — Here's Why You Might Want to Wait (Even With Looming Tariffs)

A consortium including&nbsp;General Motors&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>),&nbsp;Ford&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), and&nbsp;Stellantis&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) has voiced criticism over President Donald Trump&#8216;s latest trade agreement with the United Kingdom. The group fears the deal could harm the U.S. auto industry.
What Happened: The American Automotive Policy Council, representing the Detroit Three, expressed its apprehensions, stating, &#8220;Under&nbsp;this deal, it will now&nbsp;be cheaper to import a&nbsp;U.K. vehicle with very little&nbsp;U.S. content than a USMCA&nbsp;compliant vehicle from Mexico or&nbsp;Canada that is half American&nbsp;parts. This&nbsp;hurts American automakers, suppliers, and&nbsp;auto workers.&#8221;
The new trade agreement permits British automakers to export up to 100,000 cars to the U.S. annually at a reduced tariff rate of 10%. This figure is almost equivalent to Britain&#8217;s total exports last year and is considerably lower than the 25% tariff imposed on Mexico, Canada, and most other nations, reported Reuters.
The council is concerned that this deal could set a precedent, potentially disadvantaging vehicles assembled in Canada or Mexico in future agreements. The council also expressed hope that &#8220;this&nbsp;preferential access for U.K. vehicles&nbsp;over North American ones does&nbsp;not set a precedent for&nbsp;future negotiations with Asian and&nbsp;European competitors.&#8221;
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45298628/bitcoin-ethereum-xrp-dogecoin-explode-for-double-digit-percentage-gains-after-trump-trade-deal-news" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Explode For Double-Digit Percentage Gains After Trump Trade Deal News &#8211; Benzinga</a>
Why It Matters:&nbsp;The U.S.-U.K. trade deal was&nbsp;<a href="https://www.benzinga.com/politics/25/05/45293839/trump-starmer-strike-us-uk-trade-deal-steel-cars-beef">sealed on Wednesday</a>, aiming to cut tariffs, strengthen industrial ties, and secure billions in new market access. 
However, the auto industry has been grappling with tariff uncertainties. Trump eased auto tariff impacts on parts and North American components under USMCA but kept the 25% tariff on imported vehicles, disappointing automakers hoping for broader relief.
&nbsp;<a href="https://www.benzinga.com/markets/25/05/45277938/ford-hikes-prices-of-select-mexico-produced-vehicles-amid-auto-tariff-uncertainty-report">Ford</a>&nbsp;recently hiked prices of select Mexico-produced vehicles, while&nbsp;<a href="https://www.benzinga.com/tech/25/05/45217767/ford-ceo-jim-farley-says-trumps-tariffs-could-cost-ford-1-5-billion-pulls-its-earnings-guidance">CEO Jim Farley warned</a>&nbsp;that Trump&#8217;s tariffs could cost the company $1.5 billion.&nbsp;The company also withdrew its annual earnings forecast, citing uncertainty caused by the Trump administration&#8217;s tariffs.
<a href="https://www.benzinga.com/news/earnings/25/05/45150325/gm-cut-its-2025-forecast-on-tariffs-but-core-business-holds-up-says-goldman-sachs">GM also cut its 2025 forecast</a>&nbsp;due to tariff uncertainties. The auto giant updated its forecast to reflect an expected tariff-related impact of $4 to $5 billion, given the current regulatory and policy landscape.
Ford stock climbed 8.2% over the past month, while General Motors rose 3.52% during the same period. On the other hand, Stellantis fell 2.37% over the past 30 days. 
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/25/05/45311187/the-picture-of-the-worlds-richest-man-killing-the-worlds-poorest-children-is-not-a-pretty-one-says-bill-gates-sla" target="_blank" rel="noreferrer noopener">Bill Gates Slams Elon Musk Over Abrupt USAID Cuts: &#8216;The Picture Of The World&#8217;s Richest Man Killing The World&#8217;s Poorest&#8230;&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Ford, GM, Stellantis Slam Trump's UK Trade Deal: 'This Hurts American Automakers, Suppliers And Auto Workers'

U.S. stock futures fluctuated between gains and losses on Friday, following a three-day winning streak. Major benchmark index futures were mixed in premarket trading.
The U.S. and U.K.<a href="https://www.benzinga.com/25/05/45293839/trump-starmer-strike-us-uk-trade-deal-steel-cars-beef"> sealed a bilateral trade deal</a>, cutting tariffs, boosting industrial ties, and securing billions in new market access. 
A central component of the trade agreement involves the U.S. significantly reducing tariffs on cars made in the UK, bringing them down from 25% to 10% and establishing an annual quota of 100,000 vehicles.
The U.K. will eliminate tariffs on American-made cars, including those from General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), and expedite their passage through customs.
Meanwhile, the 10-year Treasury bond yielded 4.37% and the two-year bond was at 3.86%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing an 82.9% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.15%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.07%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.17%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.23%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were slightly higher in premarket on Friday. The SPY was up 0.004% to $565.08, while the QQQ advanced 0.17% to $489.10, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Industrials, consumer discretionary, and energy sectors led a<a href="https://www.benzinga.com/news/earnings/25/05/45311238/dow-surges-250-points-after-us-announces-first-trade-deal-investor-sentiment-improves-fear-greed-index-remains-in-greed-zone"> broad market rally on Thursday</a>, propelling U.S. stocks higher. The Dow Jones was bolstered by the Donald Trump administration&#8217;s inaugural major trade agreement with the United Kingdom.
However, the health care and utilities sectors diverged from the positive trend, closing lower.
On the company-specific front, U.S. Foods Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USFD#NYSE">USFD</a>) reported first-quarter earnings that fell short of expectations, while Sezzle Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEZL#NASDAQ">SEZL</a>) shares surged by 42% following the company&#8217;s release of better-than-anticipated first-quarter results and an upward revision of its FY25 guidance.
In terms of economic data, U.S. initial jobless claims saw a decline, dropping by 13,000 to 228,000 for the week ending May 3, slightly below market projections. 1 Conversely, U.S. labor productivity in the nonfarm business sector experienced a 0.8% decrease during the first quarter, slightly exceeding the estimated 0.7% drop.
The Dow Jones index advanced 255 points or 0.62% to 41,368.45, whereas the S&amp;P 500 index rose 0.58% to 5,663.94. Nasdaq Composite ended 1.07% higher at 17,928.14, and the small-cap gauge, Russell 2000, climbed 1.85% to 2,026.41.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>1.07%</td>
<td>17,928.14</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.58%</td>
<td>5,663.94</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.62%</td>
<td>41,368.45</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.85%</td>
<td>2,026.41</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
According to Louis Navellier of Navellier &amp; Associates, &#8220;Tariffs are steering the boat again.&#8221;
He said that Trump&#8217;s announcement of the U.S. striking a comprehensive agreement with the U.K. and Scott Bessent&#8217;s announcement of a meeting in Switzerland with China to discuss tariffs are propelling the market.
&#8220;This helps explain the long recovery rally since the Liberation Day announcement of tariffs on April 2nd. The fear of missing out on favorable agreements being reached has limited the number of sellers,&#8221; he said.
He added, &#8220;The upside story will be that the tariff agreements will result in mutually low tariffs, which should be generally beneficial for U.S. exporters, as Trump has contended all along.&#8221;
He also said that Trump announcing a definitive deal with the U.K. is an &#8220;important first step in reducing tariff fears.&#8221;
Meanwhile, Ed Yardeni or Yardeni Research agreed with the sentiment and added, &#8220;President Donald Trump will need to declare victories in his trade wars with multiple countries around the world sooner rather than later.&#8221;
Yardeni also explained that Trump and his fellow Republicans have to avoid a recession caused by his tariff wars. Otherwise, they risk losing their thin majorities in both houses of Congress later in 2026, as per Yardeni.
&#8220;The correction in the S&amp;P 500 that started on February 19 ended on April 8. The S&amp;P 500 now has regained almost all its losses since the April 2 close, just before it tanked during the Annihilation Days on April 3 and April 4,&#8221; he said.
According to Yardeni, the stock market will soon have &#8220;deals fatigue and tire of Trump&#8217;s declarations of victory.&#8221;
&#8220;We think the trade issue will be behind us by July or August. If so, then the focus should be on how much Trump&#8217;s tariff skirmishes weighed on the economy and earnings. We expect both will remain surprisingly resilient,&#8221; he added.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Friday:
<ul class="wp-block-list">
<li>Fed Governor Michael Barr will speak at 5:55 a.m., New York Fed President John Williams will speak at 6:15 a.m., and Fed Governor Adriana Kugler will speak at 6:45 a.m. ET.</li>
</ul>
-Fed Governor Lisa Cook will speak at 6:45 a.m. ET.
<ul class="wp-block-list">
<li>Richmond Fed President Tom Barkin speaks at 8:30 a.m., Fed Governor Christopher Waller and New York Fed President John Williams will speak on a panel at 11:30 a.m. ET.</li>
</ul>
<ul class="wp-block-list">
<li>Fed Governor Michelle Bowman, St. Louis Fed President Alberto Musalem, and Fed Cleveland President Beth Hammack will speak on the panel at 7:45 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>EchoStar Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) fell 3.53% in premarket on Friday as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings loss of 88 cents per share on the revenue of $3.87 billion.</li>
</ul>
<ul class="wp-block-list">
<li>Plains All American Pipeline LP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) was up 1.18% as Wall Street expects it to report earnings of 43 cents per share on revenue of $14.26 billion before the opening bell.</li>
</ul>
<ul class="wp-block-list">
<li>LYFT Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) jumped 7.31% after reporting better-than-expected earnings for the first quarter and announcing a $750 million share buyback plan.</li>
</ul>
<ul class="wp-block-list">
<li>Sensata Technologies Holding PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) rose 9.13% after reporting better-than-expected first-quarter financial results and issuing strong guidance for the second quarter.</li>
</ul>
<ul class="wp-block-list">
<li>Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) dropped 1.26% after reporting worse-than-expected first-quarter financial results. Coinbase reported first-quarter total revenue of $2.03 billion, missing a Street consensus estimate of $2.12 billion.</li>
</ul>
<ul class="wp-block-list">
<li>Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) was 2.20% higher after its April sales surged on the back of rushed orders following the levy of U.S. tariffs.</li>
</ul>
<ul class="wp-block-list">
<li>Twin Vee Powercats Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEE#NASDAQ">VEEE</a>) plunged 37.85% after it announced the fundraise of $3 million by pricing its public offering of 750,000 shares of common stock at $4.00 per share.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 1.59% to hover around $60.86 per barrel.
Gold Spot US Dollar rose 0.65% to hover around $3,327.68 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was lower by 0.26% at the 100.3830 level.
Asian markets were mixed on Friday as India's S&amp;P BSE Sensex, South Korea's Kospi, and China&#8217;s CSI 300 index fell. While Japan's Nikkei 225, Australia's ASX 200, and Hong Kong's Hang Seng index rose. European markets were higher in early trade.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45310899/quantum-computing-aids-energy-efficiency-for-blockchain-hashing-require-a-fraction-of-the-electricity-used-by-classical-resources-says-d-wave-ceo">Quantum Computing Aids Energy Efficiency For Blockchain Hashing: &#8216;Require A Fraction Of The Electricity Used By Classical Resources,&#8217; Says D-Wave CEO </a></li>
</ul>
Image via Shutterstock

Comments

General Motors

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL