01:05 PM EDT, 04/03/2025 (MT Newswires) -- The Trump administration's sweeping new reciprocal tariffs are likely to impact Best Buy ( BBY ) the most among hardline retailers, followed by certain home-furnishing companies, Wedbush Securities said Thursday. President Donald Trump late Wednesday announced duties on imports from several nations including China and Japan. A 10% base tariff rate takes effect...

01:06 PM EDT, 04/03/2025 (MT Newswires) -- Apple ( AAPL ) moving its supply chain and having its products made in the US is a fantasy tale, Wedbush said in a Thursday note. The company's gross margins will be impacted significantly in the near term as the tariffs of the Trump administration disrupt supply chains, Wedbush analysts said. The company...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

BEIJING/WASHINGTON (Reuters) - In its first months, U.S. President Donald Trump's administration has moved to deter China from threatening its neighbors, signalling that the U.S. will ramp up its military presence in the Indo-Pacific and offer more support to Taiwan. But with his global tariffs announcement on Wednesday, Trump may have undercut his own administration's strategy. While China is one...