GM Slashes 2025 Outlook Amid Tariff Uncertainty
Markets react as GM warns on tariffs, crypto eyes institutional adoption, and China signals trade thaw.
TL;DR:
- đźš™ GM cuts 2025 profit forecast on tariffs
- đź’» Morgan Stanley explores crypto trading for ETrade
- 🌏 China signals openness to U.S. trade talks
- đź“Š U.S. jobs report expected today
GM Cuts 2025 Profit Forecast on Tariffs
General Motors trimmed its 2025 profit outlook, citing the risk of up to $5 billion in new tariffs on imports. The automaker’s shares fell as investors digested the impact of higher costs and potential supply chain challenges. This move highlights ongoing geopolitical pressures and their ripple effects across the auto sector. Source
Morgan Stanley Explores Crypto Trading for ETrade
Morgan Stanley is reportedly considering offering cryptocurrency trading on its ETrade platform, in a move that would mark a significant step forward for digital asset adoption among U.S. retail investors. The potential expansion could accelerate institutional involvement in crypto and pressure competitors to follow suit. Source
China Signals Openness to U.S. Trade Talks
Chinese officials indicated they are ready to resume trade negotiations with the U.S., a shift that could ease tensions and support risk sentiment globally. Markets responded positively to signs of de-escalation, with traders eyeing potential relief for exporters and supply chains. Source
U.S. Jobs Report Expected Today
Investors are watching for the U.S. Employment Situation report, scheduled for release today. The data will be closely scrutinized for signals on labor market strength and potential implications for monetary policy. Source