Port Newark Container Terminal on March 3, 2025 in Newark, New Jersey. Kena Betancur/View Press | Getty Images News | Getty ImagesTariffs on Canada and Mexico took effect Tuesday — and they’re bound to raise prices for consumers, sometimes in unexpected ways, according to economists.Tariffs are a tax on foreign imports, paid by the United States entity importing a particular good.President Trump on Tuesday imposed a 25% tariff on Canada and Mexico, the two largest trading partners of the United States. Trump set a lower 10% tariff on Canadian energy.Businesses typically pass along some of the additional cost of tariffs to…
Author: usaeverydaylife
Todd McKinnon, chief executive officer of Okta Inc., smiles during a Bloomberg Technology television interview in San Francisco, California, U.S., on Monday, April 4, 2022. David Paul Morris | Bloomberg | Getty ImagesOkta shares soared 22% on Tuesday after the cloud-based identity management company delivered strong fourth-quarter earnings and beat estimates on guidance.The move put the stock on pace for its best day in more than a year. Okta posted adjusted earnings late Monday of 78 cents per share, while revenue increased 13% from a year earlier to $682 million. That beat the average analyst estimates of 73 cents per share…
As the market grapples with rising uncertainty and volatility, now is the time to turn to cheap stocks with strong growth potential, according to Citi Research. After a volatile trading month plagued by softening economic data and President Donald Trump ‘s tariff promises, the major indexes ended February lower than where they started. Stocks fell further on Monday and Tuesday, compounding their losses from last month. Going forward, Citigroup equity strategist Drew Pettit thinks that the macroeconomic backdrop will still be a challenge, citing higher implied volatility on the Nasdaq-100 index and lower earnings expectations. “All else equal, lower prices…
Low-volatility stocks such as Apple and AbbVie could emerge as winners in a trade war, according to Evercore ISI. Weeks of simmering trade tensions have erupted into a global trade war as President Donald Trump ‘s tariffs on key trade partners Canada and Mexico took effect on Tuesday, leading to retaliatory measures and fears about economic stagnation. The S & P 500 , Nasdaq Composite and Dow Jones Industrial Average are down about 2% week to date as a result. Low-volatility stocks outperformed in February trading as signs of the trade war emerged and uncertainty weighed on markets, Evercore found. These stocks…
(L-R) Attorney Alina Habba speaks as US former President and Republican presidential candidate Donald Trump looks on during a press conference at Trump Tower in New York City on September 6, 2024. Charly Triballeau | AFP | Getty ImagesPresident Donald Trump’s top lawyer Alina Habba on Tuesday questioned whether some military veterans fired from federal government jobs as part of an ongoing workforce reduction are capable of working or willing to do so.”You know, we care about veterans tremendously,” Habba told reporters at the White House.”But at the same time, we have taxpayer dollars, we have a fiscal responsibility to use…
Hall of Famer Jimmy Johnson announced his retirement from Fox Sports, where he served as an integral part of its NFL Sunday pregame shows for decades, yukking it up weekly with Terry Bradshaw, Howie Long and host Curt Menefee.Johnson’s retirement is not much of a surprise as, at 81 years old, there had been an expectation he would call it quits soon. In recent years, he had cut down his time at Fox’s Los Angeles studio and worked remotely from Key West, Fla., for shows. During the Super Bowl pregame in February, Fox had a tribute to Johnson, using AI…
Dan Niles revealed on Tuesday that he is planning to buy some technology stocks that have underperformed the broader market this year. “They’re getting to levels where I’m probably going to force myself just based on the statistics to pick up some of the names I’ve been sort of waiting for on the tech side where I thought they were overvalued, and now they’ve kind of come back in as some of these fears get discounted in the market,” the founder of Niles Investment Management said on CNBC’s ” Money Movers .” The investor pointed to the performance of Apple…
With the S & P 500 finally breaking below a key support level at 5,850, and the former high-flying “Magnificent 7” stocks trading more like the “Meager 7” in 2025, where can investors look to ride out this period of market uncertainty? We’ll highlight three stocks with three factors in common: they are in defensive sectors that tend to do well during bear market phases, they have a dividend yield higher than the S & P 500, and they are featuring compelling technical profiles. First, let’s look to the health care sector, which has actually been the top performing S…
The Maersk Halifax, on the Central and South America route, berths at the Qianwan Container Terminal of Qingdao Port in Qingdao, Shandong Province, China, on November 10, 2024.Nurphoto | Nurphoto | Getty ImagesAs a result of President Trump’s tariffs on Mexico and Canada, prepare for higher prices to hit soon.That is the message from Maersk, the second largest ocean shipping company in the world, about the escalating trade war between North American nations. While the White House says inflation is not a concern, Maersk’s view of the U.S. economy matches that of retailers and trade groups that the new tariffs…
The first quarterback domino didn’t end up falling.If the Rams and Matthew Stafford had gone through with a divorce — which felt like a real possibility for a few days as the Raiders and Giants were prepared to offer significant money and draft capital to reel him in — it would’ve caused a chain reaction throughout the league. The Rams might have turned their attention to Aaron Rodgers, or Sam Darnold, or someone else. And that would have changed the options available for the other teams seeking a quarterback.Instead, Stafford is staying in Los Angeles, leaving quarterback-needy teams looking at…
