Business

Automaker stocks fell Monday after President Trump's announcement of tariffs on goods from Canada and Mexico, with shares of GM, Ford, Toyota, and Honda closing down at least 2%.

Published on: February 04, 2025, 01:03 PM UTC

President Trump's impending tariffs on Canada could raise prices on goods such as food, energy, and automobiles, costing U.S. households an estimated $690 each.

Published on: February 04, 2025, 01:03 PM UTC

New tariffs on imports will cause pain in the form of higher prices and economic uncertainty. While Trump claims they will benefit the US economy, most economists foresee a lose-lose situation with higher inflation and lower growth. The national debt is a more pressing economic problem, requiring substantial cuts to spending and tax hikes to prevent a debt crisis and recession.

Published on: February 04, 2025, 01:02 PM UTC

Hubbell (NYSE:HUBB) missed Q4 revenue estimates, reporting $1.33 billion. However, its non-GAAP EPS of $4.10 beat expectations by 2.1%. Despite this, analysts are skeptical, with EPS guidance for 2025 missing estimates by 0.6%. Explore our in-depth research report for insights into Hubbell's valuation, business quality, and investment potential.

Published on: February 04, 2025, 01:00 PM UTC

Asda suffers fresh sales slump as new Chairman Allan Leighton attempts to revive the UK supermarket's fortunes.

Published on: February 04, 2025, 01:00 PM UTC

A potential tariff on Mexico and Canada would hit Japanese automaker Nissan hard, as the US is its top market and it sources 27% of its US sales from Mexico. Nissan is struggling financially and the tariff would wipe out its operating profit if it did not take action. Toyota and Honda are better prepared to handle the tariffs, but the move would still be a burden for them. Hyundai, which does not have any plants in Mexico or Canada, would not be hit as hard by the tariffs.

Published on: February 04, 2025, 01:00 PM UTC

Donald Trump's potential import taxes on vehicles and auto parts from Mexico and Canada have the auto industry on edge, as manufacturers scramble to assess the potential financial fallout and mitigate potential damage.

Published on: February 04, 2025, 12:09 PM UTC

Estee Lauder Companies Inc. (EL) reports a loss of $590 million in its fiscal second quarter, beating Wall Street expectations with earnings per share of 62 cents, revenue of $4 billion, and expectations for per-share earnings ranging from 20 to 30 cents in the current quarter.

Published on: February 04, 2025, 12:09 PM UTC

Estee Lauder expands restructuring plan, cuts up to 7,000 jobs amid falling sales

Published on: February 04, 2025, 12:08 PM UTC

Enterprise Products Partners (EPD) reported Q4 profit of $1.62B, beating expectations of 69 cents per share. For the year, EPD posted a profit of $5.9B, or $2.69 per share, on revenue of $56.22B.

Published on: February 04, 2025, 12:08 PM UTC