WSJ Your Money Briefing What’s News in Markets: Temu’s Pressures, Nvidia Delivers, Beautiful E.l.f.
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May 31, 2025 Temu faces profit pressures as tariffs take a toll on its bottom line. In contrast, Nvidia thrives without relying on the Chinese market for sales. E.l.f. Beauty enjoys a stock glow-up, bolstered by its savvy acquisition of Hayley Bieber’s brand, which emphasizes the importance of diversification in supply chains. Join the discussion of these pivotal market movements and the latest developments driving investor interest.
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Tariffs Still Cloud Business
- U.S. tariffs imposed during the Trump administration remain in effect despite legal challenges.
- This unresolved tariff situation continues to cause uncertainty for companies and markets.
Temu's Profit Hit by Tariffs
- Temu, owned by PDD Holdings, faces huge profit drops due to U.S. tariffs and lost duty exemptions.
- The company had to raise prices and halt shipments, severely impacting its bottom line in the U.S.
Nvidia Thrives Without China
- Nvidia's sales and stock growth soar despite Washington's restrictions on selling AI chips to China.
- The company's success shows it can thrive even when barred from China's huge market.