A year of rapidly slumping poll results for the Liberal Party that has governed Canada for nearly a decade was bad enough. But then there came the almost unthinkable: a defeat in a special election in downtown Toronto, the party’s longtime electoral fortress.The defeat last year, many analysts believe, triggered the chain of events that led to Justin Trudeau’s resignation as prime minister and the federal election that will be held on Monday.Voters in Toronto had been vital to keeping Mr. Trudeau and the Liberals in power through three elections. So the loss of a Toronto district — held by…
Author: usaeverydaylife
Alphabet, the parent company of Google and YouTube, is set to report first-quarter earnings after the bell Thursday.Here’s what analysts are expecting.Revenue: $89.2 billion, according to LSEGEarnings per share: $2.02, according to LSEGYouTube advertising revenue: $8.97 billion, according to StreetAccountGoogle Cloud revenue: $12.27 billion, according to StreetAccountTraffic acquisition costs (TAC): $13.66 billion, according to StreetAccountGoogle finds itself at the center of an artificial intelligence arms race where its position may be threatened pending mounting regulation and competition from generative AI companies, including OpenAI and Anthropic. The company is also among those bracing for the potential impact from President Donald Trump’s tariffs, which could result in a…
Strong first-quarter financial results have analysts on Wall Street singing ServiceNow’s praises. Revenue and earnings at the workflow management software company topped analysts’ estimates, and full-year guidance was pretty much in line with Wall Street forecasts. Shares advanced nearly 8% in early trading Thursday before the market open. Analysts praised the report as a reassuring sign to technology and software investors who have been focused lately on prospects for an economic slowdown and its effect on tech spending. ServiceNow exceeded expectations “against a low-bar,” and “demonstrated resilience in a volatile macroeconomic environment,” according to Citigroup. Here’s a look at what…
Hesai Group can navigate the global trade war better than most, according to Goldman Sachs and Bank of America. Both shops have a buy rating on the company, which makes lidar sensors used in autonomous vehicles. Goldman has a $20.40 target on the stock, which signals about 42% upside. Bank of America did trim its forecast to $21 from $22, though that is still roughly 53% above Wednesday’s close. “Regarding latest concern about the US exposure, management expects US revenue to contribute less than 10% in 2025E, among which 50% tariff will be borne by Hesai and the other 50%…
A “For Sale” sign stands at a house in Miami, Florida, U.S. April 16, 2025.Marco Bello | ReutersHigher mortgage rates and concern over the broader economy are making for a weak start to the all-important spring housing market.Sales of previously owned homes in March fell 5.9% from February to 4.02 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. That’s the slowest March sales pace since 2009.Sales were 2.4% lower than March 2024 and slumped across all regions month-to-month. They fell hardest in the West, the priciest region of the country, down more than…
Tesla’s first-quarter earnings for 2025 showed significant declines compared to the previous year. Revenue fell 9% to $19.3 billion, missing Wall Street expectations. Automotive revenue decreased by 20% to $14 billion, partially offset by a 67% increase in energy generation and storage revenue to $2.73 billion. Net income dropped even more sharply, down 71% year over year to $409 million. CEO Elon Musk’s role as head of the so-called Department of Government Efficiency (DOGE), along with his public support for President Donald Trump, has triggered widespread backlash. Protests, vandalism of Tesla stores and vehicles and boycotts by progressive customers —…
Hasbro board games are seen for sale at a Target store in Austin, Texas, on Dec. 12, 2023.Brandon Bell | Getty ImagesIf President Donald Trump’s 145% levy against imports from China holds, Hasbro estimates it could see as much as a $300 million hit to its bottom line.The toy maker posted better-than-expected earnings on Thursday, but investors and analysts were more focused on the ongoing trade war Trump’s White House has waged against the toy industry’s biggest manufacturer.Hasbro maintained the full-year guidance it issued last quarter, citing the uncertainty of the current tariff environment.”Our forecast assumes various scenarios for China…
Russia killed at least 10 people and injured 90 others in a huge attack on Kyiv early Thursday, prompting President Trump to issue a rare public critique of Moscow just hours after he lashed out at President Volodymyr Zelensky of Ukraine.The assault was the deadliest on the Ukrainian capital, Kyiv, since last summer. Explosions could be heard throughout the night; clouds of smoke rose over the city as the sun came up.One missile hit a two-story building with 12 apartments where emergency workers hunted for survivors. A five-story building next door lost all of its windows. People stood outside, staring…
Cleveland Fed President Beth Hammack said Thursday she thinks policymakers need to be patient rather than pre-emptive in assessing how tariffs will impact inflation and growth.In her first broadcast interview since taking the reins at the central bank district in August 2024, Hammack noted the high level of uncertainty now and did not commit to a specific course of action regarding interest rate policy.”I think we need to be patient. I think this is a time when we want to make sure we’re moving in the right direction, than moving too quickly in the wrong direction,” she told CNBC’s “Squawk…
Omar Marques | Lightrocket | Getty ImagesCoinbase is removing fees for purchases of PayPal’s stablecoin as part of a broader effort to increase the use of the coin, and an attempt to boost on-chain payment opportunities for consumers and institutional users. In a blog post Thursday, Coinbase said it aims “to accelerate the adoption, distribution, and utilization of the PayPal USD (PYUSD),” the U.S. dollar-pegged stablecoin that has lagged the market since it launched in 2023. With a market cap of only about $730 million, it PayPal USD controls less than 1% of the market for stablecoins tied to the dollar. Tether’s…
