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Stocks gain on signs of easing Sino-US trade tensions

SINGAPORE (Reuters) -Global stocks surged on Friday as signs of possible trade talks between the U.S. and China lifted risk sentiment after lacklustre earning results from tech bellwethers Apple and Amazon fuelled worries about the impact of a global trade war. China's commerce ministry said on Friday the United States has repeatedly expressed its willingness to negotiate on tariffs and that Beijing's door is open for talks, in a move that could ease trade tensions that have roiled global markets. The comments helped U.S. stock futures reverse course from earlier falls after Apple trimmed its share buyback program and warned tariffs could add about $900 million in costs this quarter.

GoDaddy (NYSE:GDDY) Surprises With Q1 Sales But Stock Drops

Domain registrar and web services company GoDaddy (NYSE:GDDY) reported Q1 CY2025 results exceeding the market’s revenue expectations, with sales up 7.7% year on year to $1.19 billion. The company expects next quarter’s revenue to be around $1.21 billion, close to analysts’ estimates. Its GAAP profit of $1.51 per share was 9.9% above analysts’ consensus estimates.