Bundles of steel from Nucor Corporation sit for sale at Thompson Building Materials in Lomita, California, on Aug. 30, 2012. Patrick Fallon | Bloomberg | Getty Images U.S. steelmakers should be beneficiaries of President Donald Trump‘s new tariffs, but Wall Street warned that there are some risks in the longer term. On Saturday, Trump slapped
Kenneth C. Griffin (R) speaks during The New York Times Dealbook Summit 2024 at Jazz at Lincoln Center on December 04, 2024 in New York City. Eugene Gologursky | Getty Images Billionaire investor Ken Griffin’s flagship hedge fund climbed in a volatile January, according to a person familiar with the returns. Citadel’s multistrategy flagship Wellington fund
Many consumers are rightfully concerned about escalating trade tensions. President Donald Trump on Saturday said he would impose 25% tariffs on goods from Mexico and Canada, and 10% tariffs on goods imported from China. He also signaled that tariffs on the European Union could be next. While Trump has agreed to halt the implementation of tariffs against Canada for at least 30 days
In this article BA Follow your favorite stocksCREATE FREE ACCOUNT Boeing spacecraft Starliner is seen from the window of SpaceX’s Dragon capsule “Endeavour” on July 3, 2024, while docked with the International Space Station during the crew flight test. NASA Boeing has lost more than $2 billion and counting on its Starliner spacecraft after a
In this article SPOT Follow your favorite stocksCREATE FREE ACCOUNT Spotify’s Co-founder and CEO Daniel Ek attends a live recording panel at Acquired, a technology podcast, at the Chase Center in San Francisco, California, U.S., Sept. 10, 2024. Laure Andrillon | Reuters Spotify shares climbed 10% on Tuesday after the music streaming company recorded its
I have been following Sahil Bloom through his bi-weekly newsletter, The Curiosity Chronicle. I consider him to be one of the smartest thought leaders in the field of personal growth and development. He offers action oriented practical wisdom. Bloom’s book, The Five Types of Wealth: A Transformative Guide to Design Your Dream Life, has just
In this article SIRI BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. David A. Grogan Warren Buffett’s Berkshire Hathaway once again scooped up shares of Sirius XM, boosting its stake in the satellite radio company to
UBS shares lost ground after the lender’s fourth-quarter results and up to $3 billion share buyback plans failed to impress. Switzerland’s largest bank on Tuesday reported net profit attributable to shareholders of $770 million, compared with a $483 million estimate in a company-provided consensus estimate and with a mean forecast of $886.4 million in a
A truck drives on its way to enter the United States at a border crossing at the Canada-U.S. border in Blackpool, Quebec, Canada, on Feb. 2, 2025. Andrej Ivanov | Afp | Getty Images Tariffs set to take effect Tuesday may mean consumers won’t get a reprieve from high borrowing costs this year, according to
The U.S. housing market was already struggling under the weight of high mortgage interest rates, a low supply of existing homes for sale and historically high home prices. Now tariffs on building materials are adding even more pressure. Roughly 30% of softwood lumber consumed in the U.S. is imported, largely from Canada. Wallboard, known as
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