Posts with tag: storytelling
Citigroup and Bank of America to Finance Seven & i Holdings Buyout, Adding to Consortium of Banks and Investors
Published on: February 06, 2025, 10:00 AM UTC
Several high-profile confrontations in the first weeks of the Trump administration center around questions of presidential spending authority, potentially setting the stage for a bigger battle to come. At issue is whether a president has the authority to treat spending laws passed by Congress as proposals rather than directives.
Published on: February 06, 2025, 08:03 AM UTC
Asian equities rose, buoyed by gains on Wall Street. The yen strengthened amid caution ahead of key events including US jobs data and the UK rate decision. Nomura shares surged on strong earnings.
Published on: February 06, 2025, 04:00 AM UTC
Nissan CEO Makoto Uchida wants to terminate merger talks with Honda, the Asahi newspaper reports.
Published on: February 06, 2025, 03:00 AM UTC
President Trump plans to create a national sovereign wealth fund, modeled after the Alaska Permanent Fund, to finance national priorities like supply chain initiatives.
Published on: February 06, 2025, 12:01 AM UTC
Wex Inc. reports Q4 net income of $63.9 million, or $1.60 per share. Adjusted earnings were $3.57 per share, above analysts' expectations of $3.54. Revenue came in at $636.5 million, also topping estimates.
Published on: February 05, 2025, 11:07 PM UTC
Toyota stock surges on upbeat guidance, EV unit plans, and China expansion. Quarterly revenue up 2.9% to $80.95 billion, net profit jumps 62%. Full-year profit forecast raised, with plans for a wholly-owned EV unit in Shanghai and expanded US battery production.
Published on: February 05, 2025, 07:03 PM UTC
Trump's tariffs may hit consumers hard, especially those who shop online for cheap Chinese goods. The end of the de minimis exemption will add tariffs and fees to Chinese packages, costing consumers billions of dollars. The legality of the tariffs is also unclear, with some experts predicting lawsuits to overturn them.
Published on: February 05, 2025, 02:03 PM UTC
Assa Abloy raises prices if Trump follows on tariffs with Canada, Mexico; China demand still weak
Published on: February 05, 2025, 01:01 PM UTC
Marathon Petroleum is considering switching to domestic oil if a trade war limits access to foreign supply, potentially impacting US refiners' reliance on Canadian crude.
Published on: February 04, 2025, 11:01 PM UTC