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US Secretary of Commerce says Trump may roll back tariffs on Canada & Mexico tomorrow
Donald Trump is expected to announce a tariff rollback deal with Canada and Mexico as early as Wednesday, Commerce Secretary Howard Lutnick said Tuesday. Speaking on Fox Business, Lutnick confirmed that both countries had been negotiating nonstop with U.S. officials to scale back the 25% tariffs Trump had just reinstated on their exports. “Both the […]Cryptopolitan
Tue, Mar 4
Other
GDI Integrated Facility Services Inc. Releases its Financial Results for the Fourth Quarter and the Year Ended December 31, 2024
March 4 (Reuters) - GDI Integrated Facility Services Inc GDI.TO:GDI INTEGRATED FACILITY SERVICES Q4 NET INCOME CAD 23 MILLIONGDI INTEGRATED FACILITY SERVICES Q4 REVENUE CAD 634 MILLION VERSUS. IBES ESTIMATE CAD 643.4 MILLIONGDI INTEGRATED FACILITY SERVICES Q4 ADJUSTED EBITDA CAD 38 MILLIONGDI INTEGR...Reuters
Tue, Mar 4
Other
CES Energy Solutions Corp expected to post earnings of 21 cents a share - Earnings Preview
CES Energy Solutions Corp CEU.TO is expected to show a rise in quarterly revenue when it reports results on March 6 for the period ending December 31 2024The Calgary Alberta-based company is expected to report a 8.1% increase in revenue to C$598.38 million from C$553.46 million a year ago, accord...Reuters
Tue, Mar 4
Forex
Mexico's peso ends higher, stocks rebound
By Rodrigo Campos and Marc Jones NEW YORK/LONDON, March 4 (Reuters) - Mexico's peso rose against the dollar in a volatile session on Tuesday, as traders priced the effect of newly imposed U.S. tariffs of 25% on imports from Mexico.The peso strengthened late in the session after U.S. Commerce ...Reuters
Tue, Mar 4
Stocks
GLOBAL MARKETS-Stocks fall on Trump tariffs; euro gains as Germany invests
German Bund futures fall on debt brake agreementNew US tariffs on Canada, Mexico, China come into forceGold rises amid safe-haven demand By Caroline Valetkevitch NEW YORK, March 4 (Reuters) - Major stock indexes fell on Tuesday as the United States hit Canada, Mexico and China with steep tariffs...Reuters
Tue, Mar 4
Other
Alphabet's Google urges US government to avoid breaking up firm, source says
March 4 (Reuters) - Alphabet's Google GOOGL.O met with President Donald Trump's government last week and urged them to back away from a push to break up the search engine company, according to a person familiar with the matter. The U.S. Department of Justice is currently pursuing two anti-mo...Reuters
Tue, Mar 4
Cryptocurrencies
Inverse Head And Shoulders Breakout Suggests Bitcoin Price Is Headed To $300,000
The Bitcoin price action is showing strong bullish signals, as a rare Inverse Head and Shoulder pattern has just broken out and retested its neckline. This technical setup suggests that Bitcoin could be gearing up for a mega rally to $300,000 soon. Analyst Forecasts Bitcoin Price Reversal On Monday,...NewsBTC
Tue, Mar 4
Other
US lists Department of Justice, FBI buildings in Washington for possible sale
Trump's former hotel could be put up for saleProperties could be sold off as part of Trump's cost cutting driveList includes agency headquarters, tax processing centers, skyscrapersBy Andy Sullivan and Tim ReidWASHINGTON, March 4 - President Donald Trump's administration said on Tuesday ...Reuters
Tue, Mar 4
Cryptocurrencies
Bitcoin (BTC) Price Due for One Last Shakeout Before Rally to $140,000? This Alternative is Set to Give Better Returns in the Coming Month
The Bitcoin value has fallen to $79,735 during a market week considered devastating resulting in a 5.79% price decrease. The market experienced two disasters: $954 million trader liquidations took place within 24 hours and institutional funds exited at a rate of $3.27 billion during an eight-day period. Multiple analysts predict Bitcoin will continue declining as […]Cryptopolitan
Tue, Mar 4
Economic Indicator
China's parliament meets to shield economy from US tariff salvos
China's National People's Congress begins on March 5Growth target expected at about 5%; debt, deficit to riseUS trade war risk to growth, deepens deflation worriesPressure on Beijing to bolster safety net, boost consumptionBy Kevin Yao BEIJING, March 5 (Reuters) - China's parliament b...Reuters
Tue, Mar 4
Stocks
Why Huntington Ingalls Stock Sank in February
Shipbuilder Huntington Ingalls Industries (NYSE: HII) missed quarterly estimates and warned that there are no easy fixes to its execution issues. Investors abandoned ship, sending Huntington Ingalls' shares down 11% for the month of February, according to data provided by S&P Global Market Intellige...The Motley Fool
Tue, Mar 4
Commodities
Panama says it will ensure regulations, laws are complied with as part of BlackRock port deal
PANAMA CITY, March 4 (Reuters) - Panama's government said it will ensure all local regulations and laws are complied with as part of a deal by an investor group backed by BlackRock BLK.N to buy a majority stake in the Hong-Kong based subsidiary that operates two ports in the Central American cou...Reuters
Tue, Mar 4
Stocks
Why Nvidia Stock Jumped Today
Despite initially opening the day's trading in the red, Nvidia (NASDAQ: NVDA) stock wound up posting gains in Tuesday's trading. The artificial intelligence (AI) hardware leader's share price ended the session up 1.7% and had been up as much as 4.6% earlier in the session.Nvidia stock saw a modest r...The Motley Fool
Tue, Mar 4
Commodities
BlackRock to buy Hong Kong firm's Panama Canal port stake amid Trump pressure
Trump vowed to wrest control of the strategic canalOver 75% of vessels in the canal have US origins or destinationsBlackRock has briefed the White House on the dealBy Sabrina Valle, Suzanne McGee and Michael Martina March 4 (Reuters) - An investor group backed by BlackRock BLK.N agreed to buy a m...Reuters
Tue, Mar 4
Other
EXCLUSIVE-TikTok parent ByteDance valuation rises in latest share buyback, sources say
ByteDance offers $189.90 per share in new buyback programValuation increase reflects recovery from 2023 dropShare price implies $315 billion for ByteDanceBy Krystal Hu and Dawn Chmielewski March 4 (Reuters) - TikTok's parent company ByteDance is offering to buy back shares at a higher valuati...Reuters
Tue, Mar 4
Other
US Navy fighter competition ejects Lockheed, sources say
Lockheed departure leaves Northrop and Boeing in competitionAnnouncement unlikely until new Navy Secretary confirmedSources say Lockheed design did not meet criteriaBy Mike Stone WASHINGTON, March 4 (Reuters) - The U.S. Navy will eliminate defense giant Lockheed Martin Corp LMT.N from the competi...Reuters
Tue, Mar 4
Other
TD Bank sets new CEO's pay at $7.9 million, cuts US chief's salary
March 4 (Reuters) - Canada's TD Bank TD.TO set CEO Raymond Chun's 2024 salary at C$11.4 million ($7.88 million) and cut U.S. retail banking head Leo Salom's pay amid the lender's anti-money laundering (AML) issues, regulatory filings on Tuesday showed.The bank, earlier this year,...Reuters
Tue, Mar 4
