Live Stocks are rallying as Trump eased fears over China tariffs and Powell. See the latest. Taipei Exchange - Delayed Quote • TWD Hye Technology Co.,Ltd (6877.TWO) Follow Add holdings 79.20 +7.20 +(10.00%) At close: 1:30:38 PM GMT+8 Related News 'Sell America' to 'buy America': US markets rebound as trade tensions ease and Trump backs off Powell threats Wall Street staged a sharp rebound Wednesday as easing trade tensions, potential tariff cuts on Chinese imports, and a more market-sensitive tone from the White House helped reverse the "sell America" trade. Tesla stock jumps, Boeing earnings beat, Adobe partners with NFL As part of today's Market Minute, Madison Mills recaps some of the trending stories of the trading session. Tesla (TSLA) stock jumps despite the company's earnings miss after CEO Elon Musk told investors he would dedicate less time to his work in US President Trump's second administration starting in May. Boeing (BA) stock rises after the company's first quarter earnings report beat Wall Street's expectations. Adobe (ADBE) partners with the NFL to bring NFL-themed templates to Adobe Express. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. Tesla's narrative vs. fundamentals: How to evaluate the stock Despite Tesla's (TSLA) first quarter earnings missing estimates on the top and bottom lines, Barclays senior autos analyst Dan Levy says the results were "net positive" for the stock. Levy joins Morning Brief with Madison Mills and Brad Smith to explain how he's weighing the potential of the Tesla narrative with the company's weak fundamentals, comparing sentiment around the stock to that of bitcoin (BTC-USD). To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Intel stock surges as chipmaker reportedly plans to cut 20% of workforce Intel stock rallied early Wednesday following a report that said the company is preparing to cut up to 20% of its workforce. Has the stock market fully priced in a recession? Recent recessions have seen bigger declines in the S&P 500. Elon Musk finally acknowledged what must be done to rescue Tesla You can catch Opening Bid on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. Elon Musk wasted no time on Tesla’s (TSLA) earnings call late Tuesday acknowledging the EV maker’s biggest roadblock to sunnier financial days. That is his outsized time being spent at President Trump’s controversial DOGE master. And he finally clearly articulated what must be done to jumpstart an automaker that saw sales and profits fall off a cliff in the first quarter. “Starting early next month, in May, my time allocation to DOGE will drop considerably," Musk said on the call. The path to renewed sales and profit growth won’t be easy, however. The Tesla brand will likely continue to feel blowback from Musk’s outspokenness on government policies. At the same time, tariff policy stands to hammer margins given Tesla’s exposure to solar panels from China and autos being made outside the US. The uncertainty on how quickly Musk can fix Tesla is something execs pointed to on the earnings release — Tesla yanked its 2025 financial guidance, promising to revisit it when second quarter results hit. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Opening Bid is produced by Langston Sessoms A more 'mindful' Elon Musk looks to save Tesla: What Wall Street is saying Tesla had a rough quarter, but the earnings call had one key surprise. Sec. Bessent speech, Boeing earnings, housing data: What to Watch Market Domination anchor Julie Hyman outlines stories to watch on Wednesday, April 23. Treasury Secretary Scott Bessent will be speaking at the IIF Global Outlook Forum. A big batch of earnings will be published, including from Boeing (BA), IBM (IBM), AT&T, (T) and Chipotle (CMG). Several Federal Reserve officials will be providing commentary, including from Fed governor Christopher Waller, Chicago Fed president Austan Goolsbee, and Cleveland Fed president Beth Hammack. March new home sales data will be released in the morning, with economists forecasting a rise in sales to 684,000. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Why Tesla's 'best days are behind it' if nothing changes Tesla's (TSLA) first quarter revenue and earnings fell short. The electric vehicle (EV) giant has struggled as CEO Elon Musk shifted focus toward his controversial work in US President Trump's second administration. Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber tells Julie Hyman and Yahoo Finance Head of News Myles Udland that Tesla has turned from a "massive growth story" to "a very mature EV maker with a CEO who doesn't work there." Watch the video above to hear more. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This analyst downgraded Amazon ahead of Q1 earnings. Here's why. Raymond James downgraded Amazon (AMZN) to Outperform from Strong Buy and cut their price target for the stock to $195 from $275, citing tariff headwinds and risks associated with artificial intelligence (AI) spending. The analyst behind the note, Raymond James equity research managing director Josh Beck, joins Julie Hyman on Market Domination to explain the downgrade. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Stock market today: Dow gains 1,000 points, S&P 500 and Nasdaq gain over 2.5% on signs of tariff progress US stocks recovered some losses on Tuesday after a bruising start to the week, marked by renewed criticism of Federal Reserve Chair Jerome Powell by President Trump. Tesla used vehicle prices are tumbling, another worrying sign for the EV maker Tesla prices are continuing to fall in the used market— a good sign for buyers but bad news for current owners. Vertiv Rockets 18% After Q1 Earnings Smash and Bold AI-Fueled Outlook Vertiv posts higher profit and revenue, raises 2025 forecast, and sees continued AI growth with Nvidia partnership Just How Bad Was This Quarter? The stock reaction is more of a lesson in expectations and the stock market rather than a financial one. Sales, operating profit, and net income fell 9%, 66%, and 39% year over year. From peak quarterly levels, Tesla’s sales are 25% lower and net income is 77% lower. Musk to Refocus on Tesla as Profit Drops 71% in Q1 Elon Musk will reduce his involvement in the Trump administration's DOGE initiative to focus more on Tesla and other ventures. Solar stocks get rating cut by Wall Street amid slowing growth and uncertainty Investing.com -- Wall Street analysts cut ratings on U.S. residential solar companies given a weaker demand, margin risks and growing uncertainty around federal tax incentives. Boeing Stock Climbs as Loss Shrinks and Aircraft Deliveries Soar Boeing narrows Q1 loss, boosts 737 production outlook, and books over 200 aircraft orders despite cash flow challenges Thoma Bravo Says Boeing Carveout it Bought Will Sell Again | Wall Street Beat 04/23/2025 The private equity firm Thoma Bravo bought Boeing's flight navigation unit for nearly $11 billion dollars. Holden Spaht, Thoma Bravo Managing Partner joined Wall Street Beat on Bloomberg Open Interest to talk about the deal and what's next for the unit. Intel is making massive cuts to its workforce Intel (INTC) Corp. will announce a purge of 20% of its staff as it aims to pare back bureaucracy within the company, according to a new report. That would amount to about 21,0000 jobs being eliminated. Wall Street rallies as worries about tariff war, Powell tenure subside The prospect of negotiations between Washington and Beijing, currently locked in an escalating tit-for-tat tariff war, helped lift sentiment after a Wall Street Journal report cited a senior White House official as saying that U.S. tariffs on China were likely to come down to between roughly 50% and 60%. The three main indexes were already in recovery mode after Trump said late on Tuesday he had "no intention" of firing Powell, walking back last week's market rattling comment that the Fed chair's termination could not come "fast enough" that had drawn heavy criticism. Performance Overview Trailing total returns as of 4/23/2025, which may include dividends or other distributions. Benchmark is TSEC CAPITALIZATION WEIGHTED ST (^TWII) Return 6877.TWO TSEC CAPITALIZATION WEIGHTED ST (^TWII) YTD -14.84% -14.74% 1-Year +149.40% +0.20% 3-Year +61.97% +15.35%