A pedestrian walks by a Charles Schwab office on November 25, 2019 in San Francisco, California.Justin Sullivan | Getty ImagesToronto-Dominion Bank announced on Monday it will exit from the 10.1% stake it has in financial services firm Charles Schwab, as part of a strategic review undertaken by the Canadian lender following a landmark fine from U.S. regulators.TD holds 184.7 million shares of Schwab’s common stock, worth roughly $15.4 billion based on its last closing price. Charles Schwab shares were last down 3.2% in premarket trading.Canada’s second-largest bank had warned of a challenging 2025 in December and suspended its medium-term earnings…
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A water tower at the U.S. Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4, 2024.Justin Merriman | Bloomberg | Getty ImagesSteel and aluminum stocks surged in premarket trading on Monday after President Donald Trump said he will impose 25% duties on all imports of the metals into the U.S..Cleveland-Cliffs surged about 8%, Nucor jumped more than 7%, Alcoa Corp. was trading nearly 4% higher and U.S. Steel rose more than 3%.”Any steel coming into the United States is going to have a 25% tariff,” Trump told reporters on Air Force One on Sunday. The president…
President Donald Trump arrives in the Brady Press Briefing Room at the White House on Jan. 30, 2025 in Washington, DC.Oliver Contreras | Afp | Getty ImagesPresident Donald Trump likely won’t do away with a landmark process that allows Medicare to negotiate drug prices with manufacturers, even as he moves to erase Joe Biden’s other historic policy accomplishments. But Trump will likely make some changes to those price talks, and it may not require help from Congress. “Trump is looking to nibble around the edges of the law,” said Matthew Kupferberg, a partner in Frier Levitt’s life sciences group, adding the president…
Here are the most important news items that investors need to start their trading day:1. A bumpy rideStock futures climbed Monday as investors digested the latest phase in a brewing global trade war. The three major U.S. averages dipped last week. The S&P 500 slipped by 0.2%, while the Dow Jones Industrial Average and Nasdaq Composite both slid by 0.5%. Inflation, interest rates and the potential for tariffs to increase prices will be in focus this week. The consumer price index is due Wednesday, while the producer price index is set for Thursday. A handful of major companies will also…
NEW ORLEANS — When asked how much he was taken aback by the extent of his team’s Super Bowl LIX loss, Kansas City Chiefs wide receiver DeAndre Hopkins provided a fairly harmless response: “A loss is a loss. It’s a ‘W’ or an ‘L’ at the end of the day.”Then, Hopkins branched off within the same answer, obviously wanting to get something off his chest following Sunday night’s 40-22 loss to the Philadelphia Eagles.“I saw a lot of things in the media about the refs but, obviously, (expletive), what y’all gonna say now about the refs and us when there…
President Trump again reiterated his proposal for the United States to take over Gaza, telling reporters on Air Force One on Sunday that the strip of land was “a big real estate site” that the United States was “going to own.”He also mentioned building “some beautiful sites for the people, the Palestinians, to live in.” The location of such sites was not clear. Mr. Trump has repeatedly suggested that the two million Palestinians from the enclave be relocated.Mr. Trump’s comments added even more confusion around the proposal, which he first announced last week at a news conference at the White…
Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, net of cash, the company said on Monday, seeking to expand its presence in Mexico and the Caribbean.Playa operates resorts in Mexico, the Dominican Republic and Jamaica.Hyatt, which currently owns 9.4% of Playa’s outstanding shares, expects the transaction to close later this year.This is breaking news. Please refresh for updates. Source link
The Israeli police have raided a pair of Palestinian bookstores in East Jerusalem, arresting two of their owners and confiscating books, in a move that came as Israel tightens its restrictions on free speech and cultural activities for Palestinians across the country.The police on Monday confirmed the arrests of two brothers, Mahmood Muna and Ahmed Muna, following the raids on Sunday, saying that books supporting terrorism were being sold in their shops, including a children’s coloring book entitled “From the Jordan to the Sea.”The slogan “from the river to the sea” has long been a rallying cry for Palestinian nationalism…
Loop Capital sees more room for Arm Holdings to run after its latest earnings report. Analyst Ananda Baruah hiked his price target by on the chipmaker by $15 to $195, which now suggests 20% upside. Baruah also reiterated his buy rating. Arm exceeded analyst expectations on both the top and bottom line for the fiscal third quarter when posting results last week. Despite that beat, the company provided guidance that was in line with Wall Street estimates. “ARM generated very solid Dec Q revenue and EPS upside,” Baruah wrote to clients, using the acronym for earnings per share. “While the…
The draft was almost ready for submission, due in less than a month. More than 150 scientists and other experts had collectively spent thousands of hours working on the report, a first-of-its-kind assessment of nature across the United States.But President Trump ended the effort, started under the Biden administration, by executive order. So, on Jan. 30, the project’s director, an environmental scientist named Phil Levin, sent an email telling members of his team that their work had been discontinued.But it wasn’t the only email he sent that day.“This work is too important to die,” Dr. Levin wrote in a separate…
