EUR/USD
1.13283
-0.511%
Gold
3288.31
-0.872%
Oil
57.935
-3.297%
USD/JPY
143.095
0.545%
GBP/USD
1.33307
-0.568%
GBP/JPY
190.683
-0.024%
Real-time News
Hint: Trump has not yet spoken.Qualcomm (QCOM.O) gave a weak outlook for current-quarter revenue, highlighting concerns that tariffs will hurt demand for its products. The company said on Wednesday that revenue for the quarter ending in June will be between $9.9 billion and $10.7 billion. The midpoint of the range was slightly below the average analyst estimate of $10.33 billion, causing its shares to fall after the bell. Qualcomms CEO said the company is navigating the "current macroeconomic and trade environment." The outlook revived concerns that the smartphone market will be hit by an imminent trade war. Qualcomm is seen as highly vulnerable to the threat of U.S. tariffs. Intel and other companies have given cautious outlooks, with some even warning that the economy may be heading for a recession. Qualcomm shares fell more than 6% after the bell.According to Nikkei: The Bank of Japan may lower its GDP growth forecast for fiscal 2025 and fiscal 26 to below 1.0%.Qualcomm (QCOM.O) shares extended losses after the market closed, and were last down 6%.Meta Platforms (META.O) said first-quarter sales reached $42 billion and said growth would remain steady in the coming months, dispelling concerns that Trumps tariffs would hurt its global digital advertising business. The social media giant said its first-quarter revenue grew 16%, beating analysts expectations. Meta had previously expected the companys revenue to grow 8% to 16% year-on-year in the current quarter, pushing its shares up more than 6% in after-hours trading. In addition, the company had a net profit of $16.6 billion in the first quarter. Meta also said it had lowered its full-year spending forecast by $1 billion. However, Metas metaverse business unit, Reality Labs, recorded an operating loss of $4.2 billion on sales of $412 million. Reality Labs has accumulated losses of more than $60 billion since the end of 2020.
