In a scenario once considered unthinkable for a head of state who presided over the public and brutal killings of thousands of civilians, Rodrigo Duterte, the former president of the Philippines, appeared at an International Criminal Court hearing via a video link on Friday.Mr. Duterte’s arrest this week on charges of crimes against humanity, which came nearly three years after he left office, is a crucial step for Filipinos who have been seeking justice for their loved ones.The 30-minute hearing in The Hague on Friday was procedural — a court officer informed Mr. Duterte of the charges, and Judge Iulia…
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Check out the companies making headlines in midday trading. Rubrik — The data management stock surged 25% after fourth-quarter results surpassed analyst expectations. Rubrik lost 18 cents per share, narrower than the consensus forecast for a loss of 39 cents from analysts polled by LSEG. The California-based firm posted $258 million in revenue, which also beat Wall Street’s estimate of $233 million Ulta Beauty — Shares moved 12.3% higher following the beauty retailer’s fourth-quarter financial results. Ulta’s earnings were $8.46 per share, beating the $7.12 per share expected from analysts polled by LSEG. Revenue came in at $3.49 billion, topping…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Wall Street rallied Friday, with the Nasdaq up more than 2% — but overall, it was still going to be a down week for the market. President Donald Trump’s approach to tariffs has rattled investors and fostered concerns about the economy. Consumer sentiment in March — measured by the University of Michigan’s monthly survey — dropped to its lowest reading since November 2022. The poll of consumers’ one-year outlook for inflation jumped to its…
President Donald Trump signed several executive orders at the start of his second term that lay out a blanket 25% tariff on Canadian goods imported into the United States, with some exceptions such as energy. Canadian energy will carry a lower tariff of 10%. The bulk of these tariffs went into effect at midnight on Tuesday, March 4, sending U.S. markets into a dramatic sell-off.It’s unclear which tariffs will last; Trump has since altered, paused or canceled some of the tariffs.The tariffs have prompted a strong response from Canadian leadership, including implementing retaliatory tariffs of 25% on $30 billion worth of…
It’s hard to believe it’s only been 95 days since the last Formula One grand prix, but here we are again, with the 2025 F1 season upon us, the Australian Grand Prix set to kick off the action this weekend and with a (hopefully) remarkable season of close racing ahead. (Catch the schedule here.) After a whirlwind of team launches, Lewis Hamilton dominating headlines at Ferrari and three days of preseason testing, it’s time to go racing at the Albert Park Grand Prix Circuit in Melbourne.Our F1 team are ready to share their predictions for the season ahead. We have…
Mark Carney arrives before being sworn-in as Canada’s 24th prime minister, at Rideau Hall in Ottawa, Ontario, Canada, March 14, 2025. Patrick Doyle | ReutersEx-central banker Mark Carney was formally sworn in as prime minister of Canada on Friday, putting him in a position to fight tariffs from U.S. President Donald Trump that could devastate the trade-dependent Canadian economy.In the presence of Governor General Mary Simon, the personal representative of King Charles, who is Canada’s head of state, Carney took the oath of office.The moment capped a momentous rise for the 59-year-old, who becomes the first Canadian prime minister without any…
Tesla ‘s massive 50% sell-off since December is nowhere near done as the electric vehicle company faces the possibility of a year of no growth, according to Wells Fargo. Analyst Colin Langan at the bank trimmed his 12-month price target nearly 4% to $130 from $135 on Friday and reiterated his underweight rating. His new forecast represents 46% downside from current levels for Tesla shares. The Street’s consensus price target on Tesla is $372. “We’ve been bearish on TSLA sales & margins since last year, and the fundamentals concerns were largely correct,” Langan said in a note to clients. “The…
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Linda McMahon, President Donald Trump’s nominee to be Secretary of Education, testifies during her Senate Health, Education, Labor and Pensions Committee confirmation hearing in the Dirksen Senate Office Building on February 13, 2025 in Washington, DC. Win Mcnamee | Getty ImagesMore than 50 universities are being investigated for alleged racial discrimination as part of President Donald Trump’s campaign to end diversity, equity and inclusion programs that his officials say exclude white and Asian American students.The Education Department announced the new investigations Friday, one month after issuing a memo warning America’s schools and colleges that they could lose federal money over “race-based…
Near the end of 2022, New York Liberty star Breanna Stewart took a meeting at a New York City steakhouse to hear an idea to change the landscape of professional women’s basketball.Stewart was preparing to spend part of another WNBA offseason abroad. Alex Bazzell, the husband of Minnesota Lynx star Napheesa Collier, had seen his wife play multiple seasons overseas, too. He pitched Stewart on a business proposition to keep most WNBA stars in the U.S. during the winter months instead.Over red wine, Stewart was immediately interested in the concept of Unrivaled, a professional women’s 3×3 league that would promise…
