Check out the companies making headlines after the bell : Ross Stores — The off-price retailer inched higher by about 1%. Fourth-quarter earnings surpassed estimates, coming in at $1.79 per share, versus analysts’ call for $1.66 per share, per LSEG. However, Ross sees first-quarter same-store sales ranging from down 3% to flat versus a 3% gain last year. Analysts polled by StreetAccount called for a 2.4% gain. Box — Shares plunged nearly 8% after the cloud company guided for first-quarter revenue of between $274 million and $275 million, while analysts polled by LSEG had expected $279.5 million. However, Box’s fourth-quarter…
Author: usaeverydaylife
President Donald Trump will “probably” announce tariff compromise deals with Canada and Mexico soon, Commerce Secretary Howard Lutnick said Tuesday. The potential agreements would likely involve scaling back at least part of Trump’s brand new 25% tariffs on imports from Mexico and Canada, he added.Lutnick’s comments came minutes after the U.S. stock market limped to a close for a second day of sharp declines, spurred at least in part by investors’ fears that Trump’s aggressive policies will ignite a crippling trade war.The compromise with Canada and Mexico will likely be revealed as soon as Wednesday, Lutnick said on “Fox Business.”Read…
It’s time for another round of the tested, trusted, completely objective, never-been-questioned, all-math, no-bias MLB franchise rankings.First, a change: Rather than span the Wild-Card Era (1995 to present) as we have done previously, the franchise rankings will henceforth cover the past 25 years, a floating time frame that feels right to start this year — 25 for ’25. The scoring system we borrowed years ago from football writer Bob Sturm and tweaked to fit baseball postseason structure has not changed since last year’s edition.Winning the World Series (WS): 9 pointsLosing in the World Series (WSL): 6 pointsLosing in the Championship…
Traders work on the floor of the New York Stock Exchange (NYSE) in the Financial District in New York City on March 4, 2025. Timothy A. Clary | Afp | Getty ImagesA growth scare in the economy has accompanied worries over a resurgence in inflation, in turn potentially rekindling an ugly condition that the U.S. has not seen in 50 years.Fears over “stagflation” have come as President Donald Trump seems determined to slap tariffs on virtually anything that comes into the country at the same time that multiple indicators are pointing to a pullback in activity.That dual threat of higher prices…
JPMorgan has adopted a more bearish view of U.S. stocks because of a less optimistic take on the U.S. economy caused by President Donald Trump’s new tariffs , which kicked into high gear Tuesday. Trump’s tariffs — including 25% duties on all Canadian and Mexican imports, alongside an additional 10% levy on Chinese goods — caused a broad risk-off move in equities during the first two trading days of March. The S & P 500 shed 1.22% on Tuesday after losing as much as 2% intraday. The blue-chip Dow Jones Industrial Average fell 1.55% after sliding as much as 1.95%…
Normally for my post-combine mock, I like to propose a few trade ideas. But I found it tough to do with this class because teams like the depth on Day 2 a whole lot more than the options in a relatively light first round. It doesn’t sound like teams will be eager to give away second- or even third-round picks to move up — the main exception being at No. 1, if/when the Titans decide to bolt from the top pick.Among the candidates for a possible trade up, the Browns and Giants are the clear favorites to make a move…
A top European official on Tuesday laid out a sweeping framework aimed at rearming the continent, trying to fill a void as President Trump retreated from supporting Ukraine and pressured Europe to spend more on its own defense.The official, Ursula von der Leyen, president of the European Commission, the European Union’s executive branch, set out a broad but vague proposal to ramp up European defense spending by as much at 800 billion euros, or some $843 billion, including a €150 billion loan program to pay for more weapons and technology.The plans signal an important policy shift at a tenuous moment,…
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…
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…
