Traders work on the floor of the New York Stock Exchange on March 13, 2025. NYSE After Thursday’s sell-off, the S&P 500 has joined the Nasdaq Composite in correction territory, which is typically taken to mean a decline of 10% or more from a recent high.Investors looking to distract themselves with a drink might, in fact, feel even more pain. U.S. President Donald Trump threatened to impose a 200% tariff on alcoholic products from European Union nations, in response to the latter lifting its prior suspension on levies on American whiskey.With Trump remaining adamant on tariffs despite the three-week market rout,…
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Chinese battery giant Contemporary Amperex Technology (CATL), pictured here on April 2, 2020, broke ground on its first overseas factory in Germany in late 2019 and plans to add up to 2,000 jobs there by 2025.Martin Schutt | picture alliance | Getty ImagesChina’s Contemporary Amperex Technology posted a 9.7% drop in annual revenue, a stock exchange filing showed on Friday, as a price war in the mainland electric vehicle market ensnared the world’s largest battery maker.Revenue for the 12-month period ending December came in at 362 billion yuan ($50.01 billion), just under a LSEG mean estimate of 368.7 billion yuan.…
Bethany Petrik | Moment | Getty ImagesKeep your state residencyMembers of the military often move frequently, but many families save on state taxes via a special federal law, experts say.Under the Servicemembers Civil Relief Act, state income tax is based on your “state of legal residence” during active duty, regardless of where you’re stationed. If eligible, it’s possible to keep that residency through your military career.”Military members tend to have residency in states without an income tax,” such as Florida, Texas or Washington, said CFP Curtis Sheldon, who is also an enrolled agent at C.L. Sheldon and Company in Alexandria,…
Markus Söder (l-r), Chairman of the CSU and Minister President of Bavaria, Friedrich Merz, candidate for Chancellor of the CDU/CSU, Chairman of the CDU/CSU parliamentary group and Federal Chairman of the CDU, Lars Klingbeil, Chairman of the SPD parliamentary group and Federal Chairman of the SPD, and Saskia Esken, Party Chairwoman of the SPD, hold a press conference on the exploratory talks between the CDU/CSU and the SPD.Kay Nietfeld/dpa | Picture Alliance | Getty ImagesGerman Chancellor-in-waiting Friedrich Merz reached an agreement with the Greens on Friday on a massive increase in state borrowing in Europe’s largest economy, sources close to…
Emily Soriano was doing laundry this week when a friend rushed into her house with news about their yearslong quest for justice.In December 2016, gunmen stormed into a house in their poor neighborhood north of Manila and started shooting. They killed seven people, including three children and a pregnant woman. Ms. Soriano and her friend, Isabelita Espinosa, each lost a son, both teenagers.To the victims’ families, the massacre seemed senseless, like thousands of other extrajudicial killings carried out during former President Rodrigo Duterte’s so-called war on drugs. Ms. Soriano and Ms. Espinosa have long held him responsible for the deaths…
Check out the companies making headlines before the bell. Rubrik — The data management stock popped 18.5%. Rubrik beat Wall Street’s expectations, posting an adjusted loss of 18 cents per share for its fourth quarter, which was narrower than the 39 cent loss expected from analysts polled by LSEG. The company also reported $258 million in revenue, above the consensus estimate of $233 million. Chipotle Mexican Grill — The stock rose about 2% after receiving an upgrade to buy from hold at Loop Capital. The firm believes its recent pullback has created an attractive buying opportunity for investors and said…
Here are Friday’s biggest calls on Wall Street: Raymond James initiates Astera Labs as outperform The firm said it sees a compelling entry point for the AI connectivity company. “As a leading supplier of high-speed connectivity solutions, ALAB is well-positioned to benefit from the GenAI megatrend. Exponential growth in compute intensity is creating bottlenecks between chips, boards, and racks, which is necessitating high-speed interconnects in which ALAB specializes.” Truist initiates Waystar as buy Truist said shares of the healthcare payment tech company are attractive. “We are initiating coverage of Waystar (WAY) with a Buy rating and a $45.” Barclays initiates…
Traders work on the floor of the New York Stock Exchange (NYSE) on March 12, 2025 in New York City.Spencer Platt | Getty ImagesThe S&P 500’s rapid 10% decline from a record high into correction territory has wiped out trillions of dollars in market value.The market value of the S&P 500 at its Feb. 19 peak was $52.06 trillion, according to FactSet. Thursday’s decline put the index’s market value down to $46.78 trillion. That makes for a total loss of about $5.28 trillion in about three weeks.Stock Chart IconStock chart iconThe S&P 500 has gone from a record high to…
The Palm Jumeirah in Dubai, Dubai, United Arab EmiratesNikada | E+ | Getty ImagesThe global trade war triggered by U.S. President Donald Trump shows no sign of abating, with tit-for-tat tariffs hammering major economies, tanking stock markets and dimming growth prospects.The economies concerned – North America, the European Union, and China – face highly uncertain futures. But for the Middle East, which has so far been spared of additional levies, there are still reasons to worry – as well as opportunities to take advantage of.Direct impact from tariffs, like the U.S. levies on steel and aluminum imports, have just a…
A buying opportunity in Chipotle Mexican Grill has emerged, according to Loop Capital. The firm upgraded stock in the restaurant chain to buy from hold. Its alongside a $65 per share price target. Loop’s forecast calls for more than 33% upside from Thursday’s close. Shares have struggled in 2025, losing more than 19% in that time. This month alone, shares are down around 10%, “which we believe has created an attractive buying opportunity for investors,” said analyst Alton Stump. CMG YTD mountain Chipotle stock in 2025. Stump also thinks “there is the potential for at least 7.0-8.0% upside to the…
