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Alcoa expects $90 million tariff hit in second quarter, sees duties on China raising annual costs
April 16 (Reuters) - Alcoa AA.N said on Wednesday it expects U.S. tariffs on aluminum imports from Canada to cost the company about $90 million in the current quarter.Since his inauguration in January, U.S. President Donald Trump has announced - and sometimes reversed - tariffs on a slew of products...Reuters
Wed, Apr 16
Stocks
Synovus Financial Corp reports results for the quarter ended March 31 - Earnings Summary
Synovus Financial Corp SNV.N reported quarterly adjusted earnings of $1.30 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 86 cents. The mean expectation of seventeen analysts for the quarter was for earnings of $1.12 per share. W...Reuters
Wed, Apr 16
Other
Temu, Shein slash digital ads as tariffs end cheap shipping from China, data show
By Arriana McLymore NEW YORK, April 16 (Reuters) - Chinese online marketplace PDD.O Temu and fast-fashion retailer Shein, two of the biggest advertisers on U.S. social media, are sharply cutting their U.S. digital ad spending, industry data show, in a blow to tech companies such as Meta's Fac...Reuters
Wed, Apr 16
Stocks
Why AMD Stock Plummeted Today
Advanced Micro Devices (NASDAQ: AMD) stock saw a big valuation pullback Wednesday. The semiconductor company's share price ended the day's trading down 7.4% amid a 2.3% decline for the S&P 500 and a 3.1% decline for the Nasdaq Composite. Earlier in the session, the stock had been down as much as 10....The Motley Fool
Wed, Apr 16
Other
Carney clashes with chief rival for first time during Canada debate
Carney says experience makes him best to negotiate with TrumpPoilievre's Conservatives have raised cost of living, housing issuesQuebec votes often sway election outcomesBy David Ljunggren OTTAWA, April 16 (Reuters) - Prime Minister Mark Carney clashed with his chief rival for the first time ...Reuters
Wed, Apr 16
Stocks
Home BancShares Inc reports results for the quarter ended March 31 - Earnings Summary
Home BancShares Inc HOMB.N reported quarterly adjusted earnings of 56 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of eight analysts for the quarter was for earnings of 54 cents per share. W...Reuters
Wed, Apr 16
Other
Surprise! China and Japan actually raised their US treasury holdings in February
Investing.com -- Recent speculation that China and Japan were dumping U.S. Treasuries took a hit on Wednesday after a report from the U.S Treasury Department showed that foreign holdings of TreasuriesInvesting.com
Wed, Apr 16
Other
Jay Clayton to be interim US attorney for Southern District of New York, Trumps says
April 16 (Reuters) - President Donald Trump on Wednesday said Jay Clayton, a former chairman of the U.S. Securities and Exchange Commission, will serve as the interim United States attorney for the Southern District of New York."The Southern District needs strong leadership NOW, and I thank Jay ...Reuters
Wed, Apr 16
Other
Microsoft Announces Latest Iterations In O-Series Reasoning Series On Microsoft Azure Openai Service In Azure AI Foundry & Github - Blog
April 16 (Reuters) - Microsoft Corp MSFT.O:MICROSOFT: ANNOUNCES LATEST ITERATIONS IN O-SERIES REASONING SERIES ON MICROSOFT AZURE OPENAI SERVICE IN AZURE AI FOUNDRY & GITHUB - BLOGReuters
Wed, Apr 16
Stocks
Kinder Morgan maintains annual profit forecast on soaring natgas demand
Kinder Morgan narrowly misses first-quarter profit estimatesExpects tariffs impact to be roughly 1% of the total project costsRemains bullish on natural gas demandBy Vallari SrivastavaApril 16 (Reuters) - U.S. pipeline and terminal operator Kinder Morgan KMI.N left its annual profit forecast unchan...Reuters
Wed, Apr 16
Other
Wyoming seeks to revive abortion ban blocked by judge
By Brendan Pierson April 16 (Reuters) - Wyoming on Wednesday urged the state's highest court to restore its abortion ban that includes the nation's only explicit prohibition against medication abortion, which a lower court judge blocked last year."The compelling interest here is to pr...Reuters
Wed, Apr 16
Other
X Corp hit with $105 million Texas jury verdict in video patent case
By Blake BrittainApril 16 (Reuters) - Elon Musk's X Corp must pay a patent owner $105 million for violating its rights in technology for recording and distributing video through social networks, a Dallas, Texas federal jury said in a verdict on Wednesday.The jury determined that X's former v...Reuters
Wed, Apr 16
Other
Israel will keep Gaza buffer zone, minister says, as truce bid stalls
Defence minister says Israel will remain in Gaza 'security zone'Hamas rejects calls to disarm, sees possible 'political trap'Israeli forces have seized about 30% of Gaza territoryMedical charity MSF says Gaza is 'mass grave' By James Mackenzie and Nidal al-Mughrabi JERUSAL...Reuters
Wed, Apr 16
Other
Exclusive: Baldwin closes deal for casualty ILS platform MultiStrat
By David Bull, James ThalerApril 16 - (The Insurer) - Bermuda-based ILS-focused reinsurance platform MultiStrat Group has secured a new capital partner to support its growth, with retail broker The Baldwin Group taking a majority stake in a transaction that sees Canopius exit as an investor.A spokes...Reuters
Wed, Apr 16
Stocks
Why Taiwan Semiconductor Manufacturing Stock Sank Today
Taiwan Semiconductor Manufacturing (NYSE: TSM) stock got hit with significant sell-offs in Wednesday's trading. The semiconductor foundry leader's share price closed out the day down 3.6% after having been off as much as 5.6% in the session. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Compos...The Motley Fool
Wed, Apr 16
Stocks
Investing $5,000 Into Each of These 3 Stocks During the 2020 Crash Would Have Created a Portfolio Worth $329,000 Today
Buying stocks when overall markets are falling can seem dangerous and counterintuitive. However, if you're investing in stocks for the long term, the benefits are extremely rewarding. A great example would have been buying shares of quality companies amid the market chaos of 2020. Five years ago, ar...The Motley Fool
Wed, Apr 16
