Traders work on the floor of the New York Stock Exchange in the Financial District in New York City on March 4, 2025.Timothy A. Clary | Afp | Getty ImagesU.S. stock futures rose Tuesday night after all three major averages suffered sharp losses for a second session.Futures tied to the Dow Jones Industrial Average rose 273 points, or 0.6%. S&P 500 futures and Nasdaq 100 futures added 0.7% and 0.8%, respectively.The blue-chip Dow tumbled 670.25 points, or 1.55%, to end Tuesday’s regular trading session. The S&P 500 dropped 1.22%, and the Nasdaq Composite shed 0.35%. The tech-heavy Nasdaq had dipped…
Author: usaeverydaylife
Grapes are seen in a vineyard in Ruedesheim am Rhein, western Germany.Kirill Kudryavtsev | Afp | Getty ImagesGlobal wine consumption has been on a steady decline in recent years — and it’s forced the wine industry to adapt. Organic and orange wines, non-alcoholic options and high-end fine vintages are all seeing increased demand, as growing health awareness and rising inflation hit consumer habits.Global wine production is expected to have fallen around 2% last year, hitting its lowest levels since 1961, according to the International Organization of Wine and Vine’s 2024 World Wine Production Outlook. Climate issues and adverse weather events played…
George Kurtz, co-founder and CEO of CrowdStrike Holdings Inc., during a Bloomberg Technology television interview at the RSA Conference in San Francisco on April 26, 2023.David Paul Morris | Bloomberg | Getty ImagesCrowdStrike shares dropped nearly 9% in extended trading on Tuesday after the cybersecurity software provider issued disappointing earnings guidance.Here’s what the company reported compared to LSEG estimates:Earnings per share: $1.03. The number doesn’t to appear to be comparable to analysts’ estimates.Revenue: $1.06 billion vs. $1.03 billionRevenue increased 25% from $845.3 million a year earlier, and the company posted a net loss of $92.3 billion, or 37 cents per share. In…
President Trump made one of the biggest gambles of his presidency Tuesday by initiating sweeping tariffs with no clear rationale on imports from Canada, Mexico and China, triggering a trade war that risks undermining the United States economy.His actions have upended diplomatic relations with America’s largest trading partners, sent markets tumbling, and provoked retaliation on U.S. products — leaving businesses, investors and economists puzzled as to why Mr. Trump would create such upheaval without extended negotiations or clear reasoning.Mr. Trump has offered up a variety of explanations for the tariffs, saying they are punishment for other countries’ failure to stop…
David Zervos, Jefferies chief market strategist, explains why he thinks the tariffs narrative is overblown. Source link
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…
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%…
