South Korea's exports are expected to have fallen in May for the first time in four months, as the impact of U.S. President Donald Trump's tariffs offset strong demand for semiconductors, a Reuters poll showed on Thursday. Exports out of Asia's fourth-largest economy are forecast to have fallen 2.7% this month from a year earlier, according to a median of 16 economists. South Korea - the first major exporting economy to report trade figures each month - is scheduled to release data for May on Sunday, June 1, at 9 a.m. (0000 GMT).
Citi Cuts Peloton (PTON) Price Target, Reiterates Neutral Rating
On May 27, Citi analyst Ronald Josey cut Peloton Interactive, Inc.’s (NASDAQ:PTON) price target to $8.50 from $10 and maintained a Neutral rating on the stock. The adjustment comes on the exercise equipment company delivering mixed third-quarter fiscal 2025 results. While sales fell 13.1% year-over-year to $624 million, they beat analysts’ estimates of $621.5 million. […]
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yesterday
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South Korea's economy exceeded Q1 expectations, with semiconductor demand offsetting weak public spending.
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South Korea's economy grew at its fastest pace in nearly six years in the first quarter, central bank data showed Thursday,…
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Japanese exports rose 2% in April from a year earlier but shipments to the U.S. fell, data showed on Wednesday, highlighting the…
