Day: March 4, 2025
Trump to address joint session of Congress at 9 p.m. ET with DOGE, tariffs and Ukraine looming
President Donald Trump delivers his State of the Union address to a joint session of the U.S. Congress on Capitol Hill in Washington, U.S. January 30, 2018. Leah Millis | Reuters President Donald Trump is set to address a joint session of Congress on Tuesday night amid stock market turmoil driven by his stiff new […]
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CrowdStrike falls 9% on disappointing earnings forecast
George Kurtz, co-founder and CEO of CrowdStrike Holdings Inc., during a Bloomberg Technology television interview at the RSA Conference in San Francisco on April 26, 2023. David Paul Morris | Bloomberg | Getty Images CrowdStrike shares dropped nearly 9% in extended trading on Tuesday after the cybersecurity software provider issued disappointing earnings guidance. Here’s what […]
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Wine consumption is changing. The industry hopes new trends will help it survive
Grapes are seen in a vineyard in Ruedesheim am Rhein, western Germany. Kirill Kudryavtsev | Afp | Getty Images Global wine consumption has been on a steady decline in recent years — and it’s forced the wine industry to adapt. Organic and orange wines, non-alcoholic options and high-end fine vintages are all seeing increased demand, as […]
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Trump tariff compromises with Mexico and Canada teased by Commerce Secretary Lutnick
President Donald Trump will “probably” announce tariff compromise deals with Canada and Mexico soon, Commerce Secretary Howard Lutnick said Tuesday. The potential agreements would likely involve scaling back at least part of Trump’s brand new 25% tariffs on imports from Mexico and Canada, he added. Lutnick’s comments came minutes after the U.S. stock market limped […]
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Stocks making the biggest moves after hours: AeroVironment, CrowdStrike, Ross Stores and more
Check out the companies making headlines after the bell : Ross Stores — The off-price retailer inched higher by about 1%. Fourth-quarter earnings surpassed estimates, coming in at $1.79 per share, versus analysts’ call for $1.66 per share, per LSEG. However, Ross sees first-quarter same-store sales ranging from down 3% to flat versus a 3% […]
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Stagflation fears bubble up as Trump tariffs take effect and the economy slows
Traders work on the floor of the New York Stock Exchange (NYSE) in the Financial District in New York City on March 4, 2025. Timothy A. Clary | Afp | Getty Images A growth scare in the economy has accompanied worries over a resurgence in inflation, in turn potentially rekindling an ugly condition that the […]
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Trump’s Mexico tariffs could raise produce prices in the next few days, Target CEO says
Shoppers will likely see produce prices increase in the coming days due to President Donald Trump’s tariffs on Mexican imports, Target CEO Brian Cornell said Tuesday. The Trump administration’s 25% levies on goods from Mexico and Canada, along with an additional 10% duty on Chinese imports, took effect Tuesday. Cornell said Target relies heavily on […]
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Trump ‘bump’ disappears as the S&P 500 is now negative since the election
President-elect Donald Trump walks onto the floor of the New York Stock Exchange (NYSE) with his wife Melania, after being named TIME’s “Person of the Year” for the second time on December 12, 2024 in New York City. Spencer Platt | Getty Images The S&P 500 has now lost all of its post-election gains as […]
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Canada, Mexico tariffs create ‘ripple effects’ on consumer prices, economist says
Key Points President Donald Trump imposed a 25% tariff on imports from Canada and Mexico on Tuesday. He put a lower 10% tariff on Canadian energy, and another 10% levy on China. Canada and Mexico are the largest trading partners of the United States. Businesses are expected to raise prices for consumer goods as a […]
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Trump lawyer Habba on fired veterans: ‘Perhaps they’re not fit to have a job at this moment’
(L-R) Attorney Alina Habba speaks as US former President and Republican presidential candidate Donald Trump looks on during a press conference at Trump Tower in New York City on September 6, 2024. Charly Triballeau | AFP | Getty Images President Donald Trump’s top lawyer Alina Habba on Tuesday questioned whether some military veterans fired from […]
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