Asia markets slumped on Monday after Donald Trump slapped tariffs on Canada, Mexico and China, sparking fears that another bruising ‘America First’ trade war that could hit global growth.
cnn.comFor the second Monday in a row, investors are waking up to a big selloff.
bloomberg.comThe newest read on the economy shows a higher-than-expected increase for January with inflation rising 0.5%, the largest increase in 17 months. Rent, hotels and apartment costs were up 4% and grocery bills skyrocketed with the cost of eggs nearly double what they were last year. NBC’s Christine Romans reports for TODAY on what's causing the uptick.
The FAA said Air Wisconsin Flight 6181 collided with an aircraft tug while approaching a gate at O'Hare International.
cbsnews.comAt a JPMorgan townhall meeting on Wednesday, CEO Jamie Dimon was asked whether the Trump administration's decision to abruptly stop work at the Consumer Financial Protection Bureau (CFPB) and question its existence was good news for the industry. The CFPB had some good consumer protection rules, especially when it came to areas like payday lenders, he said, according to a recording of the meeting that Reuters reviewed, which has not been previously reported. "The only good I'll say about the CFPB is there are consumer protection rules that are good," said Dimon.
Stellantis announced on Monday an internal overhaul aimed at simplifying its structure and speeding up processes, as the carmaker presses ahead with a reorganisation it started after former CEO Carlos Tavares left in December. As part of the plan, Stellantis said in a statement it integrated its software and engineering activities and gave greater powers to its regional heads in product planning and development, industrial and commercial activities. The carmaker, which is seeking a new CEO and is currently steered by Chairman John Elkann, also announced changes to its top management structure, including the appointment of Alain Favey as the new head of the Peugeot brand.
finance.yahoo.comU.S. President Donald Trump's trade tariffs on Canadian and Mexican oil imports will offer European and Asian refineries a competitive advantage against their U.S. rivals, analysts and market participants told Reuters. Trump on Saturday ordered 25% tariffs on Canadian and Mexican imports and 10% on goods from China starting on Tuesday to address a national emergency over fentanyl and illegal aliens entering the U.S., White House officials said. Energy products from Canada will have only a 10% duty, but Mexican energy imports will be charged the full 25%, they said.
uk.finance.yahoo.comOil moved higher as President Donald Trump placed hefty tariffs on a range of imports from Canada, Mexico, and China. Energy from Canada faces a reduced levy of 10%, which includes roughly 4 million barrels a day of crude flows. Will Kennedy reports on Bloomberg Television. (Source: Bloomberg)
bloomberg.comRemarks by ECB policymaker, Francois Villeroy de Galhau
forexlive.comA new analysis predicts an extraordinary reversal in housing fortunes for Americans.
nytimes.comFourth-Quarter Worldwide Sales Were $15.6 Billion, an Increase of 7% From Fourth Quarter 2023; Excluding the Impact of Foreign Exchange, Growth Was 9% Fourth-Quarter GAAP EPS Was $1.48; Non-GAAP EPS Was $1.72; GAAP and Non-GAAP EPS Include a Charge of $0.23 per Share Related to Certain Business Development Transactions Full-Year Worldwide Sales Were $64.2 Billion, an Increase of 7% From Full Year 2023; Excluding the Impact of Foreign Exchange, Growth Was 10% KEYTRUDA Sales Grew 18% to $29.5 Billion; Excluding the Impact of Foreign Exchange, Sales Grew 22% WINREVAIR Sales Were $419 Million Animal Health Sales Grew 4% to $5.9 Billion; Excluding the Impact of Foreign Exchange, Sales Grew 8% GARDASIL/GARDASIL 9 Sales Declined 3% to $8.6 Billion; Excluding the Impact of Foreign Exchange, Sales Declined 2% Full-Year 2024 GAAP EPS Was $6.74; Non-GAAP EPS Was $7.65; GAAP and Non-GAAP EPS Include a Net Charge of $1.28 per Share Related to Certain Business Development Transactions In the Fourth
PepsiCo's revenue fell slightly in the fourth quarter as North American consumers continued to pull back on purchases of Frito-Lay snacks and drinks. The Purchase, New York, company reported revenue of $27.78 billion for the October-December period Tuesday. That was short of Wall Street's forecast of $27.89 billion, according to analysts polled by FactSet.
Tapestry's Coach Tabby crossbody bags and Coachtopia leather handbags are riding a strong popularity wave on social media sites such as TikTok, attracting the attention of young shoppers. In contrast, rival Michael Kors' Capri gave a weak forecast a day earlier as its grapples with a turnaround plan after a failed $8.5 billion merger with Tapestry last year. Across regions, Tapestry's North America sales jumped 4%, while Greater China market saw a 3% growth in the quarter.
DeepSeek data leak exposed 1,000,000 sensitive records—here's what you need to know.
forbes.comWeekly Tech Recap: DeepSeek’s AI models surpass ChatGPT in downloads, WhatsApp disrupts a Paragon hacking campaign, and the Indian government reduces customs duties on mobile manufacturing parts. Apple Intelligence will launch in India in April, and OpenAI releases its new o3-Mini reasoning model.
livemint.comU.S. drugmaker Pfizer beat Wall Street estimates for fourth-quarter profit on Tuesday, helped by cost-cutting efforts and better-than-expected sales of its COVID vaccine. On an adjusted basis, the company earned 63 cents per share for the three months ended Dec. 31, compared with the average analyst estimate of 47 cents per share, according to data compiled by LSEG.
Good morning. Donald Trump’s tariffs unleash market chaos. Elon Musk’s team is halting Treasury payments to US contactors. And Beyoncé and Kendrick Lamar win big at the Grammys. Listen to the day’s top stories.
bloomberg.comEntrepreneurs in the US, Mexico and Canada worry that even a short trade war could push up prices and cost jobs.
bbc.comUS president has rattled investors by targeting China, Canada and Mexico, triggering fears of a trade war
theguardian.comThe corporate earnings season will reach its halfway point with the busiest week of the reporting period.
cnbc.comThe new defendants added into the legal filing included Lego, Nestlé, Tyson Foods, Abbott Laboratories, Colgate-Palmolive, Pinterest and Shell International.
npr.orgDogecoin whales are making moves again, scooping up a whopping 560 million DOGE tokens in just one week, as market conditions become more favorable. This
newsbtc.comJapanese technology giant SoftBank Group and OpenAI are stepping up their partnership in artificial intelligence, setting up a 50-50 held company called SB OpenAI Japan.
apnews.comA new opioid-free pain medication was approved by the FDA on Thursday, marking a non-addictive alternative for patients. Doctors share what patients should know about the drug.
foxnews.comThere is growing enthusiasm about China’s potential to speed up drug development with AI. And companies outside the country are paying attention.
statnews.comOil prices rise on the first day of trade after the US imposed tariffs on Canada and Mexico, with analysts divided on the long-term impact.
oilprice.comElon Musk says he will abandon his $97.4 billion offer to buy the nonprofit behind OpenAI if the ChatGPT maker drops its plan to convert into a for-profit company. “If OpenAI, Inc.’s Board is prepared to preserve the charity’s mission and stipulate to take the ‘for sale’ sign off its assets by halting its conversion, Musk will withdraw the bid,” lawyers for the billionaire said in a filing to a California court on Wednesday. Musk and his own AI startup, xAI, and a consortium of investment firms want to acquire OpenAI so they can revert it back to its original charitable mission as a nonprofit research lab.
Goldman Sachs predicts limited short-term impact on oil prices from US tariffs, but warns of potential gasoline price hikes and a long-term risk of trade war-induced price crashes.
oilprice.comWith home prices high, American families are grappling with the prospect that homeownership might remain out of reach for them for a long time.
abc7.comThe president’s blitz will push up prices at the pump and threaten global growth. He needs the gamble to pay off.
bloomberg.comWe recently published a list of 10 AI Stocks Trending on News and Analyst Ratings. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other AI stocks trending on news and analyst ratings. In a surprising turn of events, a consortium led by Elon Musk said on […]
Stock markets in Hong Kong, Japan and South Korea fell as US prepares tariffs on Canada, China and Mexico.
aljazeera.comStock markets around the fell as President Trump imposed tariffs on key trading partners, Canada, Mexico and China
npr.orgThe driver of an aircraft tug was critically injured after the vehicle was struck by the wing of an airplane and flipped over Saturday at O'Hare Airport, Chicago police said.
abc7chicago.comMusk said the action of "deleting" entire agencies is necessary to prevent future administrations from rehiring what he believes are unnecessary roles.
It’s official: Honeywell International is carving itself up into three independent companies, marking the end of an era for one of America’s last big industrial conglomerates. Honeywell announced plans Thursday to separate its aerospace division from its automation business and move ahead with plans to spin off its advanced-materials arm, confirming an earlier report. Read […]
(Bloomberg) -- Honeywell International Inc. will split into separate publicly traded companies following pressure from an activist investor, the latest in a line of industrial conglomerates seeking a more streamlined portfolio.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesSan Francisco Wants Wealthy Donors to Help Fix Fentanyl Cri
U.S. Treasury yields were little changed as investors weighed President Donald Trump's new tariffs on goods from key trade partners and their economic impact.
cnbc.comIndustry and corporate leaders are weighing in after the Trump administration confirmed it will move forward with tariffs on imported goods from Canada, Mexico and China.
cnbc.com