Ontario Premier Doug Ford said Tuesday that if there is a recession ‘there’s one person to be blamed, and that’s President [Donald] Trump.” “If we go into a recession, it will be called the Trump recession” Ford said in an interview with CNBC’s “Money Movers,” shortly after the U.S. president said that he would raise…
Canadian Prime Minister Justin Trudeau tours the galvanizing line at ArcelorMittal Dofasco in Hamilton, Ontario, Canada Feb. 14, 2025. Carlos Osorio | Reuters President Donald Trump said Tuesday he has ordered his administration to raise tariffs on Canadian steel and aluminum imports by an additional 25%, bringing the total duties to 50%. The new policy…
A worker pushes a cart outside of Kohl’s store on November 26, 2024 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s posted an earnings and revenue beat for the fourth quarter on Tuesday, but its stock plunged as it issued much worse-than-expected guidance for the year ahead. Shares of the company fell more…
U.S. Treasury yields were little changed on Tuesday as worries over the state of the U.S. economy persisted. At 6:34 a.m. ET, the benchmark 10-year Treasury yield was flat on the day at 4.219%. The 2-year Treasury yield was up less than a basis point at 3.9% after falling to its lowest level since October. One basis point is equal…
Nissan Motor CEO Makoto Uchida attends a press conference on February 13, 2025, in Yokohama, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images Nissan CEO Makoto Uchida will step down from his position on April 1, the company said in a release Tuesday. He will be replaced by current Chief Planning Officer Ivan Espinosa….
The new Volkswagen ID. EVERY1 is displayed during the presentation during the presentation of the Volkswagen ID. EVERY1 on March 5, 2025 in Dusseldorf, Germany. Andreas Rentz | Getty Images German autos giant Volkswagen reported a 15% year-on-year drop in annual operating profit on Tuesday, citing increasing costs and “extraordinary expenses” associated with its restructuring…
Hinge Health’s Enso product. Courtesy: Hinge Health Hinge Health, a provider of digital physical therapy services, filed to go public on Monday, the latest sign that the IPO market is starting to crack open. Hinge Health uses software to help patients treat musculoskeletal injuries, chronic pain and carry out post-surgery rehabilitation remotely. The company’s revenue last…
CNBC’s Jim Cramer advised investors not to leave the market entirely because of the massive sell-off. He said to remember there is always a bottom and stocks can recover. Cramer then recalled late CNBC anchor Mark Haines, who correctly called a market bottom on this date back in 2009 during the financial crisis. “So, in…
The White House on Monday downplayed the weeks long stock market sell-off, insisting that recent moves by business leaders suggest a brighter outlook for the U.S. economy. “We’re seeing a strong divergence between animal spirits of the stock market and what we’re actually seeing unfold from businesses and business leaders,” a White House official told…
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle issued quarterly results on Monday that trailed analysts’ estimates and gave a forecast that came up short of expectations. Here is how Oracle did…
