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  • Apr 28, 2025

Mexican cement maker Cemex's core profits slip on weaker local market

Mexican cement maker Cemex reported an 18% dip in its core earnings for the first quarter on Monday, driven largely by headwinds in the local market. Cemex reported earnings before interest, taxes, depreciation and amortization of $601 million, in line with estimates, due to a weaker peso currency and a dip in volumes at home, it said in a filing. The peso caused a $65 million hit to EBITDA, Cemex said, while volumes dropped in Mexico due to a rush last year to finish government infrastructure projects before presidential elections.

  • Apr 28, 2025

Morgan Stanley’s Wilson Says Weak Dollar Will Buoy US Stocks

(Bloomberg) -- Morgan Stanley’s Michael Wilson says the weak dollar will support US corporate earnings, helping the American stock market to outperform the rest of the world.Most Read from BloombergNewsom Says California Is Now the World’s Fourth-Biggest EconomyAt Bryn Mawr, a Monumental Plaza Traces the Steps of Black HistoryUS Cricket Deepens Bet on Texas With HQ Shift From CaliforniaLos Angeles Downgraded to AA- by S&P Due to Budget WoesThe Last Thing US Transit Agencies Should Do NowAt a tim

  • Apr 28, 2025

Stock market uncertainty makes many Americans wary of spending on travel

NEW YORK (Reuters) -Kimberly Hilliard, co-founder of a five-year-old travel agency in Maryland, says at this time of year she usually fields up to 10 inquiries a week from clients eager to book vacations, but for much of the past month her phones have gone quiet. The unusual lull in Hilliard's business followed a plunge in U.S. share prices in early April, when the major stock indexes recorded their biggest percentage declines since 2020 on fears about the impact of President Donald Trump's trade tariffs. That is likely because their financial outlooks have suddenly become murky, said Hilliard, co-founder of Front Porch Travel Co, based in Annapolis, even though stocks have made a shaky, tentative recovery from their April lows.

  • Apr 28, 2025

Investors fear Big Oil could cut share buybacks as crude prices slump

HOUSTON (Reuters) -When Exxon Mobil and Chevron report first-quarter results this week, investors will be focused on how falling oil prices have increased the risk to dividends and share repurchases for the rest of 2025. Big Oil has made returning cash to investors through dividends and share repurchases a strategic cornerstone of its efforts to woo Wall Street. U.S. President Donald Trump's global tariff announcements have stoked fears of a recession and weaker oil demand, prompting forecasters to lower their oil price outlooks.

  • Apr 28, 2025

Risk of global economic recession surges on US tariff shockwaves

BENGALURU (Reuters) -Risks are high that the global economy will slip into recession this year, according to a majority of economists in a Reuters poll, in which scores said U.S. President Donald Trump's tariffs have damaged business sentiment. Just three months ago, the same group of economists covering nearly 50 economies had expected the global economy to grow at a strong, steady clip. But Trump's push to reshape world trade by imposing tariffs on all U.S. imports has sent shockwaves through financial markets, wiping out trillions of dollars in stock market value, and shaken investors' confidence in U.S. assets, including the dollar, as a safe haven.

  • Apr 28, 2025

Tariffs Muddy Contrarian Stock Indicators Flashing ‘Buy’ Sign

(Bloomberg) -- Usually, when sentiment toward US stocks turns this grim, volatility is elevated and analysts are slashing expectations for returns, it’s a cue for risk-taking investors to pile in.Most Read from BloombergNewsom Says California Is Now the World’s Fourth-Biggest EconomyAt Bryn Mawr, a Monumental Plaza Traces the Steps of Black HistoryLos Angeles Downgraded to AA- by S&P Due to Budget WoesUS Cricket Deepens Bet on Texas With HQ Shift From CaliforniaThe Last Thing US Transit Agencies

  • Apr 28, 2025

TransDigm (TDG): 3 Reasons We Love This Stock

TransDigm currently trades at $1,377 per share and has shown little upside over the past six months, posting a middling return of 2.8%. However, the stock is beating the S&P 500’s 5.4% decline during that period.

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