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Trump’s ongoing 25% auto tariffs expected to cut sales by millions, cost 0 billion

Trump’s ongoing 25% auto tariffs expected to cut sales by millions, cost $100 billion

Business News

Autoworkers at Nissan’s Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs more than 7,000 people and produces a variety of vehicles, including the Leaf EV and Rogue crossover. Michael Wayland / CNBC DETROIT — As President Donald Trump’s 25% tariffs on imported vehicles remain in effect despite a pullback this week […]

Trump’s ongoing 25% auto tariffs expected to cut sales by millions, cost $100 billion Read More »

GM cutting jobs, idling Canadian electric van plant due to ‘market demand’

GM cutting jobs, idling Canadian electric van plant due to ‘market demand’

Business News

Brightdrop EV600 van Source: Brightdrop DETROIT — General Motors is cutting production of its all-electric BrightDrop delivery vans at a plant in Canada and will idle the facility through much of this year. The plant will be reduced from two shifts to one shift — eliminating 500 jobs — after being idled beginning next month

GM cutting jobs, idling Canadian electric van plant due to ‘market demand’ Read More »

Frontier Airlines cuts flights after travel demand fell in March

Frontier Airlines cuts flights after travel demand fell in March

Business News

Frontier Airlines Nurphoto | Nurphoto | Getty Images Frontier Airlines joined Delta Air Lines in pulling its full-year outlook and cutting flights due to a drop in demand and an “uncertain environment.” The budget airline also lowered its first-quarter outlook. Frontier said its revenue growth likely rose 5% in the first quarter, with capacity up

Frontier Airlines cuts flights after travel demand fell in March Read More »

Mattel and Hasbro stocks notch new lows after Trump’s China tariff escalation

Mattel and Hasbro stocks notch new lows after Trump’s China tariff escalation

Business News

Toys made by Mattel, Hasbro and others are seen at a Macy’s store in New York. Staff | Reuters There’s trouble in Toyland. Toy giants Mattel and Hasbro have seen their stocks battered by President Donald Trump’s escalated trade war with China. On Friday, Mattel shares hit a new 52-week intraday low of $13.95 apiece,

Mattel and Hasbro stocks notch new lows after Trump’s China tariff escalation Read More »

Jamie Dimon says he expects S&P 500 earnings estimates to fall as companies pull guidance

Jamie Dimon says he expects S&P 500 earnings estimates to fall as companies pull guidance

Business News

JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C. Evelyn Hockstein | Reuters JPMorgan Chase CEO Jamie Dimon said Friday that he expects estimates for corporate earnings to fall amid the

Jamie Dimon says he expects S&P 500 earnings estimates to fall as companies pull guidance Read More »

Morgan Stanley tops quarterly estimates as equity trading revenue surges 45%

Morgan Stanley tops quarterly estimates as equity trading revenue surges 45%

Business News

People walk out of the Morgan Stanley global headquarters in Manhattan on March 20, 2025 in New York City.  Spencer Platt | Getty Images Morgan Stanley on Friday reported first-quarter results that topped estimates as stock trading revenue surged 45% amid rising global volatility. Here’s what the company reported: Earnings: $2.60 a share vs. $2.20

Morgan Stanley tops quarterly estimates as equity trading revenue surges 45% Read More »

JPMorgan Chase is set to report first-quarter earnings – here’s what the Street expects

JPMorgan Chase is set to report first-quarter earnings – here’s what the Street expects

Business News

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, DC, US, on Wednesday, March 12, 2025. Al Drago | Bloomberg | Getty Images JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell Friday. Here’s what Wall Street expects, according to LSEG: Earnings:

JPMorgan Chase is set to report first-quarter earnings – here’s what the Street expects Read More »

Trump’s immigration policy is weighing on beer sales, Constellation Brands CEO says

Trump’s immigration policy is weighing on beer sales, Constellation Brands CEO says

Business News

Bottles of Corona beer, the flagship brand of Grupo Modelo are displayed in this illustration taken in Monterrey, Mexico, February 18, 2025.  Daniel Becerril | Reuters President Donald Trump’s tariffs aren’t the only presidential policy that is weighing on Constellation Brands. Along with tariffs on Mexican imports, his hardline immigration stance is also hurting the

Trump’s immigration policy is weighing on beer sales, Constellation Brands CEO says Read More »

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