Volkswagen is launching a new version of its Amarok mid-size pick-up truck targeted at the South American market from 2027, the carmaker said on Thursday, in the latest example of auto industry players localising production. VW is investing $580 million to refit its Pacheco plant in the province of Buenos Aires, which has produced an older version of the Amarok since 2010, towards producing the new design, it said.
In a day of broad stocks declines as President Donald Trump’s tariffs rattle markets, shares of one major European drinks maker are holding up.
Financial markets around the world are reeling Thursday following President Donald Trump’s latest and most severe volley of tariffs, and the US stock market may be taking the worst of it.View on euronews
(Reuters) -Shares of U.S. banks tumbled to multi-month lows on Thursday, after President Donald Trump's sweeping tariffs plan sparked fears of a recession and a slowdown in consumer spending that could hurt earnings. Citigroup fell over 12%, while Bank of America sank 11%. Morgan Stanley, Goldman Sachs and Wells Fargo fell over 9% each.
Treasury yields tumbled on Thursday to a nearly 6-month low a day after President Trump announced sweeping tariffs that shook stock markets around the world.
Domestic carmakers' shares fell Thursday morning after auto-specific tariffs took effect at midnight.
(Bloomberg) -- Roughly $1.7 trillion was erased from the S&P 500 Index at the start of trading on Thursday amid worries that President Donald Trump’s sweeping new round of tariffs could plunge the economy into a recession.Most Read from BloombergMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLondon Clears Final Hurdle for More High-Speed Trains to EuropeLocal Governments Vie for Fired Federal WorkersChicago School District Agrees to Minimum 16% Teacher Pay RaiseThe d
Stock-market investors are playing defense today.
Medical devices, or the medtech sector, are not immune from the reciprocal tariffs announced by Trump yesterday.
The Magnificent Seven stocks all tumbled Thursday in the wake of the Trump administration’s sweeping reciprocal tariffs—with Apple faring worst of all.