Some of the biggest bosses on Wall Street aren't hitting the panic button on President Trump's policies this week despite the recent gyration in markets, even as they acknowledge some new concerns from the business world.
Investors cheered Donald Trump’s election victory in November, but his tariffs have cooled that enthusiasm in recent weeks.
(Bloomberg) -- Former Treasury Secretary Steven Mnuchin discounted risks of a US recession, and played down the current selloff in equities, advising investors against overreacting to President Donald Trump’s aggressive trade tactics.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspe
Wall Street was expecting a banner year for capital markets activity in 2025 after U.S. President Donald Trump was elected in November, buoyed by hopes of less regulation and lower corporate taxes. But the optimism has so far failed to translate into activity as clients take a wait-and-see approach in response to trade policy uncertainties.
Shares of automation software company UiPath (NYSE:PATH) fell 22.5% in the pre-market session after the company reported underwhelming fourth-quarter (fiscal 2025) results: its full-year revenue guidance missed significantly, disappointing investors. Revenue growth slowed to just 5% year-over-year, a clear sign that demand challenges aren't going away. Annualized recurring revenue (ARR) rose 14%, meaning existing customers are still expanding their usage, just not enough to offset weak new custo
Shares of discount retailer Dollar General (NYSE:DG) jumped 8.5% in the pre-market session after the company reported decent fourth-quarter results, which beat analysts' same-store sales expectations. While EPS missed, this was due to impairment charges totaling $214 million related to the store portfolio optimization review.
Shares of fashion conglomerate G-III (NASDAQ:GIII) jumped 16% in the pre-market session after the company reported strong fourth quarter results which beat analysts' revenue expectations. In addition, its EPS guidance for next quarter exceeded Wall Street's estimates.
Fossil Group shares soared nearly 35% Thursday, a day after the watch and handbag retailer announced a turnaround plan including layoffs and store closures.
Adobe shares tumbled Thursday after the company’s full-year forecast came in lower than expected, but analysts said they're still bullish on AI-driven growth.
Gold prices hit a new record as Wall Street strategists raced to increase their price targets on the asset.