Stephen Morris Journalist Profile

Articles

Apple, Amazon, Nvidia and other U.S. big tech stocks hit by tariffs

3 weeks ago | financialpost.com | Michael Acton |Stephen Morris |Gregory Meyer

The extent of new tariffs was “worse than the worst case” scenario that markets feared, wrote Wedbush Securities Inc. analyst Daniel Ives. China faces a reciprocal 34 per cent tariff, Trump said, on top of a 20 per cent tariff he has already imposed. Taiwan faces a reciprocal tariff of 32 per cent, although semiconductors, a geopolitically critical export, are exempt for now.
Tesla warns Donald Trump that tariff war could make US-made electric cars more expensive

1 month ago | afr.com | Aime Williams |Stephen Morris

Aime Williams and Stephen MorrisUpdated Mar 14, 2025 – 8.38am, first published at 8.26am or Subscribe to save articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber? Washington | San Francisco | Elon Musk’s electric-car maker Tesla has warned that President Donald Trump’s trade war could make it a target for retaliatory tariffs against the US and increase the cost of making vehicles in America.
Beijing pushes back on Musk’s Tesla licence as trade tensions mount

2 months ago | afr.com | Zijing Wu |Stephen Morris

London | San Francisco | Tesla is bracing for a potential delay in obtaining Chinese approval for its autonomous driving technology, as Elon Musk’s electric-vehicle company risks getting dragged into the escalating US-China trade war.
Musk set to dispatch his ‘A-team’ to Washington

Nov 11, 2024 | afr.com | Stephen Morris |Tabby Kinder |George Hammond

Stephen Morris, Tabby Kinder and George HammondNov 12, 2024 – 7.29am or Subscribe to save articleEmailLinkedInTwitterFacebookSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber? Elon Musk’s role in delivering the US presidency for Donald Trump has given the world’s richest man a unique opportunity to reshape the federal government by placing his acolytes and allies inside the incoming administration.
Microsoft’s revenue beats estimates on AI boom’s cloud demand, Meta sees AI spending accelerating

Oct 30, 2024 | nzherald.co.nz | Stephen Morris

Facebook founder Mark Zuckerberg said Meta enjoyed strong momentum in the company’s chatbot and the adoption of its open large language model Llama. Photo / Mike Kai Chen, the New York TimesMicrosoft’s quarterly revenue rose 16%, driven by demand for cloud computing amid a boom in adoption of artificial intelligence tools. Revenue for its fiscal first quarter was $65.6 billion (NZ$109.78b), beating analysts’ expectations for $64.5b, according to a filing on Wednesday, US time.
UBS in talks to acquire Credit Suisse to stem crisis

Oct 8, 2024 | nzherald.co.nz | Stephen Morris |Arash Massoudi |James Fontanella-Khan

UBS is in discussions to take over all or part of Credit Suisse, with the boards of Switzerland’s two biggest lenders set to meet separately over the weekend to consider Europe’s most consequential banking combination since the financial crisis, according to multiple people briefed on the talks. The Swiss National Bank and regulator Finma are orchestrating the talks in an attempt to shore up confidence in the country’s banking sector, the people said.
Iranian sanctions-evasion operation in the heart of London

Feb 4, 2024 | afr.com | Miles Johnson |Stephen Morris |Lucy Fisher

Revelations about the Iranian sanctions-evasion operation in the heart of London come after the Royal Air Force recently joined US air strikes against Iranian-backed Houthi rebels in Yemen. This week the UK and US placed under sanctions what they called a “transnational assassinations network” overseen by Iranian intelligence that has targeted activists and dissidents, including British residents.
Europe's neo-banks are struggling to grow

Sep 5, 2023 | metajaunnews.com | Olaf Storbeck |Siddharth Venkataramakrishnan |Stephen Morris

Funding bonanza comes to an end amid rising interest rates and doubts about profitability, controls and cultureby Olaf Storbeck, Siddharth Venkataramakrishnan and Stephen MorrisTHE financial group N26’s flashy new corporate headquarters in central Berlin tells the story of its success but also its growing challenges. The newly built office building with its extensive glass facade is the seventh head office in the company’s 10 years of existence.
UBS takes $388m fine from Credit Suisse for Archegos

Jul 25, 2023 | jaunnewsuk.com | Stephen Morris

UK regulators and USA they fined Credit Suisse with $388 million for “significant deficiencies in risk management and governance” related to the bankruptcy of Archegos Capital, which caused $5.5bn in operating losses and contributed to the demise of the Swiss bank.
Credit Suisse fined $575m over Archegos fiasco

Jul 24, 2023 | afr.com | Stephen Morris

Credit Suisse took the biggest trading hit in its 167-year history when Archegos failed in March 2021, with the Swiss bank accounting for more than half of the total $US10 billion lost by international banks that offered the family office prime broking services. UBS suffered a $US861 million loss.