Pre-market futures are mixed after one of the best sessions in the stock market in years. With the surprise stepping-down of UnitedHealthcare UNH CEO Andrew Witty for “personal reasons,” effective immediately,

Honda Motor Co. reported a 76% drop in fourth-quarter operating profit on Wednesday, missing analyst expectations by a wide margin and prompting a sharply downgraded outlook for the fiscal year ahead.

Honda's profit for the fiscal year through March slipped 24.5 per cent from the previous year, as its vehicle sales in China dropped, and the Japanese automaker warned Tuesday that President Donald Trump's tariffs will worsen its earnings.

Key Takeaways Honda Motor said new U.S. auto tariffs will send profits and sales tumbling.CEO Toshihiro Mibe noted that Honda sees a $4.40 billion negative impact from the tariffs this year.Honda is also postponing investments in electric vehicles and batteries in Canada because of falling demand.

By bno - Taipei Office Japan’s once-unshakeable auto industry is facing a dramatic reckoning as major manufacturers struggle with tumbling profits, global trade tensions and internal upheaval. In just the past few days,