Electricity transmission lines are seen along the Finch Hydro Corridor following the announcement of tariffs on Canadian and Mexican goods by U.S. President Donald Trump, in Toronto, Ontario, Canada March 4, 2025. Arlyn Mcadorey | ReutersOntario’s premier, the leader of Canada’s most populous province, announced that effective Monday it is charging 25% more for electricity to 1.5 million Americans in response to President Donald Trump’s trade war.Ontario provides electricity to Minnesota, New York and Michigan.”I will not hesitate to increase this charge. If the United State escalates, I will not hesitate to shut the electricity off completely,” Ontario Premier Doug Ford…
Author: usaeverydaylife
Check out the companies making headlines in midday trading: Bank stocks — Major banks came under pressure during Monday’s session amid rising concerns about a potential slowdown in the U.S. economy. JPMorgan Chase and Goldman Sachs fell roughly 4%. Citigroup slid more than 4%, and Wells Fargo dropped 5%. Bank of America shed more than 2%, and Morgan Stanley declined more than 5%. Robinhood — Shares of the financial services platform plunged more than 14% on the heels of Finra saying on Friday that it has ordered Robinhood to pay $3.75 million in restitution to customers. The self-regulatory organization also…
President Donald Trump and other senior White House officials have spent the past several days bracing Americans for a potential economic slowdown that they say will then lead to stronger growth ahead.With fears brewing over the potential tariff impact, the labor market slowing and indicators pointed toward possible negative growth in the first quarter, the president and his top lieutenants are projecting a mostly optimistic outlook tempered with warnings about near-term churning.”There is a period of transition, because what we’re doing is very big,” Trump said Sunday on the Fox News show “Sunday Morning Futures.” “We’re bringing wealth back to…
Elon Musk’s social media platform X experienced several outages on Monday morning, leaving some users unable to load the site.Nearly 40,000 users reported problems with the platform around 10 a.m. ET, according to the analytics platform Downdetector, which gathers data from users who spot glitches and report them to the service. Around 28,000 people were experiencing issues as of 11:30 a.m. ET. A cause for the outages was not immediately clear.X did not immediately respond to CNBC’s request for comment.Musk acquired X, formerly known as Twitter, for $44 billion in 2022. The Tesla CEO slashed the company’s headcount by about…
Humans have sailed the oceans for centuries. But, as a spectator sport, sailing has barely made a dent in the public consciousness, outside of the Olympics at least. There’s no denying that it can often be difficult to make sense of what’s going on way out there on the water, for a start.But the SailGP Championship has set out to prove watching sailboat racing can be thrilling, entertaining and even get you jumping off the sofa and yelling at your TV.Every aspect of this global competition — the boats, the track, the sudden-death format — has been designed to grab…
Under President Trump’s plan, the United States would govern Gaza and expel its residents. Under the Arab plan, Gaza would be run by Palestinian technocrats within a wider Palestinian state. By one Israeli proposal, Israel would cede some control to Palestinians but block Palestinian statehood. By another, Israel would occupy the entire territory.Since the opening weeks of the war in Gaza, politicians, diplomats and analysts have made scores of proposals for how it might end, and who should subsequently govern the territory. Those proposals grew in number and relevance after the sealing of a cease-fire in January, increasing the need…
More names on Wall Street are souring on Tesla as the electric vehicle maker’s losses continue to pile. UBS and Redburn Atlantic reiterated their sell ratings on Tesla ahead of the company’s April delivery report and first-quarter results, citing sluggish Model Y delivery forecasts and a lack of near-term growth catalysts. UBS slashed its price target by $24 to $225, which suggests 14% potential downside ahead for Tesla, while Redburn’s significantly more bearish $160 price target suggests the stock can fall more than 39%. “We foresee another year of stalled volumes without an imminent new vehicle launch,” Redburn analyst Adrian…
(Editor’s note: This article is part of the Bracket Central series, an inside look at the run-up to the men’s & women’s NCAA Tournaments, along with analysis and picks during the tournaments.)Drake’s in, so we can dispense with the arguments about whether Ben McCollum’s Bulldogs would have made the field of 68 without winning the Missouri Valley tourney (they probably wouldn’t have), save follow-up discussions about the plight of the mid-major and tournament expansion for another day and simply appreciate the fact that this tournament is better with Drake in it.Lipscomb’s in, too. And High Point. And SIU-Edwardsville. And Omaha. With the Sun…
Volkswagen ID.7 electric cars are seen at the Volkswagen (VW) electric fleet lead plant in Emden, Germany, Feb. 18, 2025. Carmen Jaspersen | ReutersAutomakers Volkswagen and Stellantis have confirmed that their vehicles made in North America will be exempt from U.S. President Donald Trump’s newly rolled out 25% tariffs, while BMW says it will face levies, as European car manufacturers grapple with new trade rules.The newly returned White House leader has long been threatening to slap tariffs on major U.S. trading partners, including Canada, Mexico and the EU. Last week, new duties on goods from Mexico, Canada and China came into…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors focused on the possibility of a recession are looking at divided-focused investments and protection for inflation with “TIPS” bonds. Also former Fed Official Loretta Mester gives her view on Jerome Powell’s comments from Friday and how the central bank should respond to recession concerns. Pick: ProShares Dividend Aristocrats ETF (NOBL) Simeon Hyman of Proshares sees opportunities in the dividend focused ETF as market volatility continues to rattle investors. “While their prices have…
