Hasbro board games are seen for sale at a Target store in Austin, Texas, on Dec. 12, 2023.Brandon Bell | Getty ImagesIf President Donald Trump’s 145% levy against imports from China holds, Hasbro estimates it could see as much as a $300 million hit to its bottom line.The toy maker posted better-than-expected earnings on Thursday, but investors and analysts were more focused on the ongoing trade war Trump’s White House has waged against the toy industry’s biggest manufacturer.Hasbro maintained the full-year guidance it issued last quarter, citing the uncertainty of the current tariff environment.”Our forecast assumes various scenarios for China…
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Russia killed at least 10 people and injured 90 others in a huge attack on Kyiv early Thursday, prompting President Trump to issue a rare public critique of Moscow just hours after he lashed out at President Volodymyr Zelensky of Ukraine.The assault was the deadliest on the Ukrainian capital, Kyiv, since last summer. Explosions could be heard throughout the night; clouds of smoke rose over the city as the sun came up.One missile hit a two-story building with 12 apartments where emergency workers hunted for survivors. A five-story building next door lost all of its windows. People stood outside, staring…
Cleveland Fed President Beth Hammack said Thursday she thinks policymakers need to be patient rather than pre-emptive in assessing how tariffs will impact inflation and growth.In her first broadcast interview since taking the reins at the central bank district in August 2024, Hammack noted the high level of uncertainty now and did not commit to a specific course of action regarding interest rate policy.”I think we need to be patient. I think this is a time when we want to make sure we’re moving in the right direction, than moving too quickly in the wrong direction,” she told CNBC’s “Squawk…
Omar Marques | Lightrocket | Getty ImagesCoinbase is removing fees for purchases of PayPal’s stablecoin as part of a broader effort to increase the use of the coin, and an attempt to boost on-chain payment opportunities for consumers and institutional users. In a blog post Thursday, Coinbase said it aims “to accelerate the adoption, distribution, and utilization of the PayPal USD (PYUSD),” the U.S. dollar-pegged stablecoin that has lagged the market since it launched in 2023. With a market cap of only about $730 million, it PayPal USD controls less than 1% of the market for stablecoins tied to the dollar. Tether’s…
A vehicle passes by as smoke rises during a wildfire outbreak in Bayville, in the Ocean County region of New Jersey, U.S., April 23, 2025. Eduardo Munoz | ReutersA man set wooden pallets on fire and failed to properly put them out in New Jersey’s Pine Barrens, sparking a quick-moving wildfire with smoke affecting the air quality in the New York City area, authorities said Thursday.Ocean County Prosecutor Bradley Billhimer and Department of Environmental Protection Commissioner Shawn LaTourette said the Waretown man faces aggravated arson and arson charges in the southern New Jersey wildfire, which authorities said Thursday morning grew…
Trump tells Putin to 'STOP!' Russian strikes on Kyiv Source link
Here are Thursday’s biggest calls on Wall Street: JPM reiterates Texas Instruments as overweight JPM lowered its price target on the stock to $195 per share from $230 but said it’s sticking with Texas Instruments following earnings on Wednesday. “Texas Instruments delivered better-than-expected Mar-Qtr results (revenue/ margins/earnings) and provided a solid 2Q outlook.” Bank of America reiterates IBM as buy The firm said IBM remains a defensive holding following earnings on Wednesday. “Reiterate Buy as we continue to view IBM as a defensive investment with improving rev growth, which in turn drives higher cash flow that can be re-invested for…
U.S. Department Secretary of the Interior Doug Burgum looks on during CERAWeek in Houston, Texas, U.S., March 12, 2025. Kaylee Greenlee | ReutersOKLAHOMA CITY — The Trump administration is considering investing in companies that mine and process critical minerals in an effort to end U.S. dependence on imports from countries including China, Interior Secretary Doug Burgum said this week.”We should be taking some of our balance sheet and making investments,” Burgum said late Wednesday at a conference organized by the Hamm Institute for American Energy. “The U.S. may need to make an “equity investment in each of these companies that’s taking…
European allies of the United States have been trying to convince President Trump of the virtues of a shared approach toward ending the war in Ukraine, to enhance leverage on both Moscow and Kyiv and to preserve European security.But Mr. Trump and Vice President JD Vance insisted on Wednesday that a set of proposals that their administration presented to the Europeans and Ukraine last week was now a kind of ultimatum, with the United States increasingly prepared to walk away. European officials who saw those proposals as too favorable to Russia and President Vladimir V. Putin face a dilemma.If Mr.…
These are the stocks posting the largest moves in premarket trading. Source link
