Tag: lifestyle

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Global Market Swings Amid Trump's Tariffs: Impact on Key Currencies and Industries

Markets swing on Trump's unpredictable tariff threats, with currencies of Canada, Mexico, and the Eurozone taking a hit. China remains relatively unaffected.

Tesla China Sales Decline 11.5% in January, BYD Surges

Tesla's China-made EV sales fell 11.5% in January, while rival BYD surged 47.5% year-over-year despite a monthly decline.

US Importers Stockpile Italian Prosecco Ahead of Possible Tariffs

Surge in Italian Prosecco Imports to US Amidst Possible Tariffs; Importers Stockpile Ahead of Market Impact

Encompass Health Q4 Earnings Beat Estimates

Q4 results for Encompass Health (EHC) beat revenue expectations, with sales up 12.7% to $1.41B. Non-GAAP EPS of $1.17 exceeded estimates by 14.2%, driven by strong same-store sales growth and efficient expense management. Annual revenue guidance is $5.85B, implying 8.9% growth. Adjusted EPS guidance of $4.81 beats analyst estimates.

Affirm Tops Q2 Expectations, Sees Revenue Growth Ahead

Affirm Holdings Inc. (AFRM) outperformed Wall Street estimates in its fiscal Q2, reporting net income of $80.4 million against expectations of a per-share loss of 20 cents. Revenue also exceeded forecasts, with the company posting $866.4 million versus the predicted $804.2 million.

Elon Musk's Legal Battle With OpenAI CEO Sam Altman Could Take Years

Elon Musk's legal battle with OpenAI CEO Sam Altman over the future of the AI research company could last until 2027, as per a California federal district judge.

Haemonetics Net Income Meets Expectations

Haemonetics Corp. reported fiscal third-quarter net income of $37.5 million, or 74 cents per share. Adjusted earnings were $1.19 per share, meeting Wall Street expectations. Revenue was $348.5 million.

Ford Beats Earnings and Revenue Estimates But Issues Muted Guidance

Ford beats Q4 estimates but issues muted FY23 guidance, citing headwinds, expects losses in Model e to persist in 2025, and calls for comprehensive tariff policy.

Shein Faces Greater Hit Than Temu from US Import Tax Changes

The Trump administration's move to stop low-cost imports from entering the U.S. tariff-free will likely hit fast-fashion retailer Shein harder than online dollar store Temu. Both sites have expanded rapidly in the U.S. in recent years due to a loophole that exempted shipments worth less than $800 from import duties. However, Temu has been quicker to adapt its shipping strategy and diversify its product offerings.

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