The outlook differs from other makers of microchips for cars and for industrial use that have missed expectations, in some cases by a wide margin, Juergen Wagner, an analyst from Stifel said. "Infineon's report likely eased concerns about continued deterioration in automotive demand as it guided for flat-to-slightly up Automotive revenue in FY25," Charter Equity Research analyst Jack Egan said. "The Power & Sensor segment is also expected to be up significantly in FY25, most likely due to Infineon's (artificial intelligence) server products," the analyst added.

World Liberty Financial, a crypto project associated with the Trump family, has strongly denied accusations of selling tokens or offering preferential deals.

Over $2 billion in cryptocurrency was liquidated within 24 hours following U.S. President Donald Trump’s executive order imposing tariffs on imports from China, Canada, and Mexico.

Samsung Electronics Chairman Jay Y. Lee was found not guilty of accounting fraud and stock manipulation by a Seoul appeals court on Monday, in a ruling that could remove long-running legal risks that he has faced from criminal cases.

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ING Economics estimated that the proposed tariffs, if enacted, would raise annual spending costs for consumers by $835 per American.

The moves were driven largely by the expectation that tariffs and a possible full-blown trade war would stoke inflation.

US stock futures pointed to sharp losses for the major indexes, as Wall Street showed the effects of President Donald Trump’s announcement of tariffs.

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S&P 500 earnings per share could decline 1%-2% for each five percentage-point increase in the US tariff rate, Goldman Sachs estimated.