Tariffs are 'likely to be a factor that weighs on stocks in the retail sector for at least the time being,' a team of analysts at UBS wrote.
On Thursday, President Donald Trump announced another round of tariffs on Chinese imports. According to a report from UBS, hardline and grocery retail is one of the industries exposed to the new tariffs. The 10% tax could hurt this year's earnings-per-share growth of companies that sell consumer goods, according to UBS. They also estimate that indirect impacts to consumers will weigh on company earnings. Here are 16 retailers the firm says are at risk. Read more on Markets Insider.
On Thursday, President Donald Trump announced another round of tariffs on Chinese imports. According to a report from UBS, hardline and grocery retail is one of the industries exposed to the new tariffs. The 10% tax could hurt this year's earnings-per-share growth of companies that sell consumer goods, according to UBS. They also estimate that indirect impacts to consumers will weigh on company earnings. Here are 16 retailers the firm says are at risk. Read more on Markets Insider.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
At least 9 killed and 16 injured in Ohio mass shootingNine people in Ohio were killed in the second mass shooting in the US in under 24 hours, and the suspected shooter is also deceased
Read more »
16 Moms Who Are Better at Instagram Than Their Famous ChildrenMoms are the true heroes of the internet, creating Mom Content™ so wacky and wonderful that we can't help but shake our heads and smile. Ahead of Mother's Day, ELLE.com wants you have more moms on your Instagram feed. Here are the top celebrity mom accounts to follow.
Read more »
HSBC first-half profit rises 16%, announces $1 billion buybackHSBC reported on Monday its first-half pretax profit rose 15.9% and announced a ...
Read more »
16 Taylor Swift Songs That Will Destroy Your LifeHidden on Fearless is this sleeper hit about dating a perfectly nice boy who turns out to be, well, boring as hell. Instead, an unimpressed Taylor daydreams about her ex and their batshit-cray romance of yesteryear, singing, 'I miss screaming and fighting and kissing in the rain.' 'Rollercoaster kind of rush,' indeed.
Read more »
16 Aperol Cocktails to Keep You CoolIs it spring yet? If you're getting primed for warmer weather, we recommend a little Aperol: it's fruity and fresh like a summer drink, but bracing and bitter like the citrus of winter. If you are looking for ways to use up the last of February's citrus, pairing it with this Italian aperitif is just the ticket. (It's also delicious mixed with a wide range of spirits and liqueurs, or just used to flavor a glass of Prosecco.) Here are 10 delicious cocktail recipes to get you started.
Read more »