The farm equipment manufacturer still expects about $900 million in net tariff costs for the current fiscal year, executives said.
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Inflation has accelerated and economic growth has slowed under President Trump.
Billions of dollars in tariffs are heading back to importers. And some of America's biggest companies are making clear they won't be keeping the money. Costco Wholesale and United Parcel Service are among the companies that have stepped forward with direct commitments to pass tariff refunds on to ...
Investors will monitor initial jobless claims and the Challenger job-cuts report before turning their attention to Friday's nonfarm payrolls release.
The central bank's predictability, which Wall Street holds dear, may soon be a distant memory.
Investors are gearing up for Friday’s jobs report—one of the first major economic indicators that will inform the Federal Reserve under its new chairman, Kevin Warsh. Economists expect the report to show that U.
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(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. Chief Executive Officer C.C. Wei said the company’s global chip supply will fall short of AI-fueled demand for years to come, sustaining revenue growth for the firm.Most Read from BloombergTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborRepublican-Led House Votes to Stop Iran War, Rebuking TrumpTrump to Get Audit Immunity as $1.8 Billion Fund in DoubtRussia Finance Officials Tell Putin War Spending Is UnaffordableTikTok Billionair
If you've been frustrated by increasingly high prices everywhere you look, you're not alone. Stubborn inflation and rising costs are taking a toll on consumers broadly. A good 24% of consumers are concerned about their long-term finances. As a result, they've reduced spending in categories ...
FedEx is expected to announce its sixth consecutive dividend hike with Q4 results scheduled on 23 June.

<body><p>STORY: Wall Street's main indexes tumbled on Wednesday, with the Dow losing about 1.2%, the S&P 500 shedding about three-quarters of a percent and the Nasdaq falling roughly nine-tenths of a percent.</p><p>Flaring tensions in the Middle East and rising crude prices stoked inflation jitters and convinced investors to take some profits.</p><p>Energy stocks, buoyed by oil prices, enjoyed the largest percentage gains, with Exxon Mobil and Chevron both closing higher. </p><p>Meanwhile, six of the Magnificent Seven group of megacap tech stocks ended lower, with Meta the only exception.</p><p>Liz Miller is founder and president of Summit Place Financial Advisors.</p><p>"I more and more just keep seeing this market as a ping pong. One day we've got the momentum leading tech stocks up and then that drives all the indices up. And the next day we've got sort of the second tier undervalued companies up and the index is down. [FLASH] Today's again, one of those days where we're seeing energy with the most strength. We're seeing some of the consumer come through, some of the industrial, but techs are marginally down. And that's what I mean when I think about this market as a ping pong market, because these are high quality companies, they're large cap, they would be top tier fundamentally, but they haven't really participated as much in the index strength."</p><p>Among individual movers, shares of GameStop jumped 6% after the original meme stock posted a rise in quarterly revenue and unveiled a $2 billion share buyback program.</p><p>Shares of Crowdstrike, down nearly 3% at the close, dropped about another 10% in extended trading after the cyber security company reported a 15% jump in its first-quarter operating expenses as it ramps up investments in AI and product development.</p><p>And shares of Broadcom fell more than 6% in extended trading despite the company forecasting third-quarter revenue above Wall Street expectations, betting on robust demand for its custom AI chips and networking gear.</p></body>
By David Shepardson WASHINGTON, June 3 (Reuters) - The Federal Communications Commission said on Wednesday it plans to toughen oversight of submarine communications cables that handle 99% of
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D-Wave Quantum Inc. is hosting its first-ever Investor Day Monday against a politically charged backdrop: just 11 days ago, the Trump administration signed a Letter of Intent to invest $100 million in the company under the CHIPS Act — with...
Investing.com -- The Canadian government announced on Wednesday its intention to extend key steel and aluminum tariff measures for an additional year to shield domestic industries from global trade distortions. The policy extension aims to counter non-market practices and prevent trade diversion from undermining local producers and workers. Subject to official approval, the extension will prolong the nation’s steel tariff-rate quotas for non-CUSMA partners until June 27, 2027. Additionally, hori
Danske Bank lifts Denmark outlook again as Novo Nordisk demand supports export growth.
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FedEx's strategic spinoff of its freight division positions the leaner express company to drive significant margin expansion and higher investment returns.
With the right strategy, you have a better chance of keeping up.
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Deere and heavy machinery stocks continued to rally on Wednesday after the White House announced lower metal tariffs on imported farm and industrial machinery. Deere stock popped further above a key technical level. In a proclamation on Monday, President Donald Trump moved to reduce tariffs on agricultural equipment, like combines and harvesters, from 25% to 15%.
FedEx's (FDX) fiscal fourth-quarter earnings could fall short of Wall Street's expectations as margi
Is it the right time to increase your exposure to gold?
USA Rare Earth has finalized a Commerce Department deal for up to $1.6 billion in funding for its rapid buildout of a rare earth supply chain from mining to finished magnets. Despite the deal moving forward, along with an equity stake and warrants for the federal government, USAR stock pulled back following recent gains along with MP Materials and other volatile rare earth stocks. Along with a $1.5 billion equity offering for private investors in January, USA Rare Earth has amassed a $3.5 billion war chest of committed capital.
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Jim Cramer says newly public FedEx Freight could become a “true winner” as Wall Street bets the trucking giant’s spinoff from FedEx will finally unlock the premium valuation.
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