WSJ Your Money Briefing What’s News in Markets: iPhone Tariffs, Target Backlash, Ross Stores Trade Woes
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May 24, 2025 The podcast dives into how Trump’s tariff threats are creating ripples in the market, particularly affecting Apple. It also explores Target's struggles with a DEI boycott impacting their financial performance. Additionally, the conversation shifts to Ross Stores, which recently retracted its outlook, highlighting the broader economic ramifications of these corporate challenges. Tune in for insights on major stock moves tied to current events!
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Tariff Threats Hit Apple Hard
- Trump's tariff threats target major players like Apple and the EU, shaking global commerce stability.
- Apple faces major risk with no U.S. manufacturing, as tariffs on foreign-made iPhones loom.
Target Hurt by Boycott and Uncertainty
- Target's sales suffered due to a boycott following the end of its DEI programs and lower consumer confidence.
- The retailer also cut its annual forecast citing economic uncertainty and tariffs.
Ross Stores Reels From Tariff Risks
- Ross Stores withdrew its sales and earnings guidance due to tariff uncertainty.
- Over half of its products come from China, making tariffs a significant threat to profitability.