The Chinese robotaxi company says it is getting closer to profitability after clearing a cost hurdle its chief technology officer believes can help unlock the commercialization of driver-less vehicles.
Wall Street's main indexes opened slightly higher on Monday, as investors braced for a week packed with key economic data and earnings from some top companies, while U.S. trade policy developments remained in focus. The Dow Jones Industrial Average rose 58.2 points, or 0.15%, at the open to 40,171.74. The S&P 500 rose 4.0 points, or 0.07%, at the open to 5,529.22, while the Nasdaq Composite rose 8.0 points, or 0.05%, to 17,390.928 at the opening bell.
(Reuters) -Domino's Pizza on Monday posted a surprise decline in first-quarter same-store sales in its biggest market, as elevated inflation and economic uncertainty hit consumer appetite for restaurant food. Restaurant traffic slowed in February and March as consumer sentiment weakened, mainly due to President Donald Trump's erratic trade policy, which has fanned fears of a recession in the United States. Domino's reiterated its 3% annual growth target for U.S. comparable sales, but said if the current economic uncertainty persisted, it could prevent the company from achieving its target.
NEW YORK (Reuters) -A bruising rollercoaster ride for markets in the first 100 days of the Trump administration has seen some investors move away from American assets, but it remains to be seen whether policies have caused a sustained shift away from the United States. "The question of whether this has caused irreversible damage to the U.S. markets and economic system is the existential one, but we don’t yet have a long-term answer," said Liz Ann Sonders, chief investment strategist, Charles Schwab & Co. "We know that it’s done a tremendous amount of damage and that our partners are questioning whether we’re reliable when it comes to trade or other things." April 30 will mark the 100th day of Trump's presidency.
NEW YORK (Reuters) -A bruising rollercoaster ride for markets in the first 100 days of the Trump administration has seen some investors move away from American assets, but it remains to be seen whether policies have caused a sustained shift away from the United States. "The question of whether this has caused irreversible damage to the U.S. markets and economic system is the existential one, but we don’t yet have a long-term answer," said Liz Ann Sonders, chief investment strategist, Charles Schwab & Co. "We know that it’s done a tremendous amount of damage and that our partners are questioning whether we’re reliable when it comes to trade or other things." April 30 will mark the 100th day of Trump's presidency.
The S&P 500 and Nasdaq-100 indices are still significantly below their recent highs but are now firmly out of bear market territory. As of this writing, the S&P 500 is about 10% below its 2025 peak, while the Nasdaq is still about 13% lower. There are a few reasons, such as the persistent high-interest environment that favors larger companies, especially the big-cap tech stocks.