When the verdict from a Paris criminal court flashed across screens in Hénin-Beaumont, many customers in the Café de la Paix received it with the outrage and disappointment Marine Le Pen predicted.The far-right political leader was found guilty of embezzlement, sentenced to four years in prison — two years suspended, two in a form of house arrest — and fined more than $100,000.But most stinging was the decision barring her from running for public office for five years, rendering her ineligible to run in France’s 2027 presidential election.For people here, Ms. Le Pen is not just the leader of the…
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Scotts Miracle-Gro can be a smart play in an uncertain economic environment given its business’s strong performance in prior times of turmoil, according to Truist Securities. Analyst Bill Chappell upgraded the Ohio-based lawn care stock to buy from hold and reiterated a 12-month price target of $70, suggesting possible 28% upside over Tuesday’s closing level. “In our opinion, the [U.S.] lawn and garden category has finally normalized post-Covid,” Chappell wrote to clients in a Wednesday note. “The category and the company are well positioned to navigate the macroturbulence expected to impact the consumer over the next year and the valuation…
Tesla CEO Elon Musk wears a ‘Trump Was Right About Everything!’ hat while attending a cabinet meeting at the White House, in Washington, D.C., U.S., March 24, 2025. Carlos Barria | ReutersTesla sales of its China-made cars fell in March as competition from local players like BYD intensified.Tesla sold 78,828 electric vehicles in China in March, down 11.5% year-on-year, according to data from the China Passenger Car Association (CPCA) released on Wednesday. However, sales rose 157% compared with the 30,688 cars bought in February.The U.S. carmaker is facing a number of headwinds in China, in particular mounting challenges from local rivals…
U.S. Trade Rep readies a third tariff option for TrumpU.S. President Donald Trump speaks to the media in the Oval Office at the White House in Washington, D.C., U.S., March 26, 2025. Evelyn Hockstein | ReutersThe U.S. Trade Representative’s office has prepared a third option for tariffs, the Wall Street Journal reports.This tariff structure would set a rate below 20%, but apply it only to a small group of trade partners.There are two other plans under consideration at the White House. A universal flat tariff rate applied to all trade partners. A different tariff rate for every trade partner that reflects…
Uncertainty surrounding upcoming U.S. tariffs has weighed on global markets over the last month — but President Donald Trump’s highly-anticipated Wednesday announcement may not end the turmoil, analysts say.Trump is expected to flesh out many unknowns in an address on Wednesday at 4 p.m. ET (9 p.m. BST), including exactly which countries and sectors will be impacted, when the measures will come into effect, how high they will be or how they will be calculated, and whether there will be any or many notable exemptions.Investors have been attempting to parse rhetoric from reality in the run-up to the presidential address.…
Despite being positive on Reinsurance Group of America for a bit, JPMorgan finally sees the right moment for investors to jump in as the sector faces a deteriorating economic backdrop. Analyst Jimmy Bhullar upgraded the reinsurance stock to overweight from neutral and lifted his price target by $5 to $237. Bhullar’s refreshed target suggests shares can rally 19.5% above Tuesday’s closing level. “Our fundamental outlook for RGA has been upbeat, but we have been reluctant to recommend RGA shares due to concerns about optimistic EPS forecasts, bullish investor sentiment, and a full valuation,” Bhullar wrote to clients. “However, we feel…
Skoda Kodiaq automobiles on the production line at the Volkswagen AG plant in Bratislava, Slovakia, on Friday, Dec. 1, 2023.Bloomberg | Bloomberg | Getty ImagesU.S. President Donald Trump’s tariffs on auto imports is expected to hit hard for car brands and countries around the world, with economists warning a small landlocked nation in Europe could feel the worst of the impact.Trump is poised to unveil the details of his latest round of sweeping tariffs at around 9 p.m. London time (4 p.m. ET) on Wednesday. The measures, which are separate from Washington’s levies on the global automotive sector, appear designed…
Israel’s defense minister announced on Wednesday an expansion of its military offensive in Gaza, including plans to seize “large areas” of the enclave, an apparent attempt to pile more pressure on Hamas as efforts to restore a shattered cease-fire falter.The remarks, which echoed a similar threat by the minister, Israel Katz, last month, suggest that Israel intends to hold captured territory, at least temporarily, in a shift from earlier tactics. In the 15-month military campaign that preceded the January truce, Israeli forces stormed Gazan cities before withdrawing, leaving behind vast destruction but allowing Palestinian militants to regroup in the rubble.Mr.…
Shares of nCino are worth picking up after sell-off on the back of soft guidance, according to KBW. Analyst Ryan Tomasello maintained his outperform rating on the cloud banking stock following its earnings report. On the other hand, Tomasello slashed his price target by $12 to $28, which now implies shares will tick about 0.4% lower from where they finished Tuesday. His new price target appears to be the lowest among Wall Street analysts, per LSEG. Tomasello’s call comes after the company posted an outlook for earnings and revenue in the current quarter and for the full year that came…
