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Automakers warn that Trump tariffs will hike some vehicle prices by as much as 25%
March 4 (Reuters) - A trade group representing nearly all major automakers warned on Tuesday that new 25% tariffs on imports from Canada and Mexico imposed by President Donald Trump will lead to drastic price hikes."All automakers will be impacted by these tariffs on Canada and Mexico. Most anti...Reuters
Tue, Mar 4
Other
US CFPB drops 'Zelle' case against JPMorgan, BofA, Wells Fargo
March 4 (Reuters) - The U.S. Consumer Financial Protection Bureau on Tuesday said it was dropping a lawsuit filed in December against three of the nation's largest banks over their handling of the payment service Zelle, according to a court filing.The agency, which was virtually shuttered by Pre...Reuters
Tue, Mar 4
Stocks
Why Bloom Energy Stock Dropped on Tuesday
Bloom Energy (NYSE: BE) delivered a powerful earnings report last week, but that good news isn't helping this hydrogen fuel cell company Tuesday. Reports of a big "block trade" -- a large shareholder selling 3 million shares of Bloom all at once -- have investors spooked.After dropping by more than ...The Motley Fool
Tue, Mar 4
Other
CORRECTED-Former Magellan exec in lead testing device defect case to plead guilty
By Nate Raymond BOSTON, March 4 (Reuters) - Magellan Diagnostics' former chief operating officer has agreed to plead guilty to U.S. charges that he helped distribute the company's lead-testing devices without reporting a malfunction that caused the products to generate inaccurately low re...Reuters
Tue, Mar 4
Stocks
European shares log worst day in over six months after Trump's tariffs materialize
Automakers lead declines after Trump's tariffs become realityThales gains after stronger-than-expected 2024 earningsLindt rises after better-than-expected operating profit STOXX 600 tumbles 2.1% to lowest in over two weeks By Nikhil Sharma and Purvi Agarwal March 4 (Reuters) - European shares...Reuters
Tue, Mar 4
Stocks
Why IonQ Stock Is Plummeting Today
Shares of IonQ (NYSE: IONQ) had lost 6.3% as of noon ET today. The drop came as the S&P 500 (^GSPC) lost 1.5%, and the Nasdaq Composite (^IXIC) lost 1%.Tariff fears drove the move in IonQ. President Donald Trump upped the ante in escalating trade tensions between the U.S. and China, Canada, and Mexi...The Motley Fool
Tue, Mar 4
Other
Kremlin confirms Russia is ready to help resolve Iran's 'nuclear problem'
MOSCOW, March 4 (Reuters) - Kremlin spokesman Dmitry Peskov confirmed on Tuesday that Russia was ready to promote a peaceful solution to Iran's "nuclear problem".Earlier on Tuesday Russian state-run TV channel Zvezda quoted Peskov as saying that Russian President Vladimir Putin had agree...Reuters
Tue, Mar 4
Commodities
Ontario threatens surcharge on electricity to three U.S. states
OTTAWA, March 4 (Reuters) - Ontario, Canada's most populous province, on Tuesday said that if U.S. tariffs persisted, it would impose a 25% surcharge on electricity exports to New York, Michigan and Minnesota.Premier Doug Ford also told reporters that Ontario would ban U.S. companies from provin...Reuters
Tue, Mar 4
Other
Bookrunner Says Alpha Services & Holding Secondary ABB Deal To Price At EUR 1.915 Per Share
March 4 (Reuters) - Bookrunner:BLOCK TRADE: ALPHA SERVICES & HOLDING SECONDARY ABB - DEAL TO PRICE AT EUR 1.915 PER SHARE; BOOKS TO CLOSE AT 17:40 UKT - BOOKRUNNERFurther company coverage: [ACBr.AT]Reuters
Tue, Mar 4
Stocks
LIVE MARKETS-Banks among biggest casualties in sell off
Main US indexes pare losses; Nasdaq now off ~0.7% Financials weakest S&P 500 sector; Tech falls leastEuro STOXX 600 index sinks ~2.1%Dollar, crude down; bitcoin off ~1%; gold upUS 10-Year Treasury yield edges down to ~4.17%Welcome to the home for real-time coverage of markets brought to you by R...Reuters
Tue, Mar 4
Commodities
GE Vernova signs deal to support Amazon's data center expansion
March 4 (Reuters) - Renewable energy company GE Vernova GEV.N said on Tuesday it has signed an agreement with Amazon's AMZN.O cloud services business to support the e-commerce giant's data center expansion plans.GE Vernova said the agreement with Amazon Web Services (AWS) would address risin...Reuters
Tue, Mar 4
Other
QXO extends deadline for tender offer to buy Beacon Roofing
March 4 (Reuters) - QXO QXO.N on Tuesday once again extended the deadline for its $11 billion takeover offer for Beacon Roofing Supply BECN.O by a week to March 10.QXO, a new entrant in the building products distribution industry that counts U.S. President Donald Trump's son-in-law Jared Kushner...Reuters
Tue, Mar 4
Stocks
U.S. regional banks dive as markets fall in correction territory on trade war fears
** Shares of regional U.S. banks dive tracking market-wide selloff in equities due to trade war worries ** US Bancorp USB.N, Fifth Third Bancorp FITB.O, M&T Bank MTB.N, Keycorp KEY.N and Western Alliance WAL.N fell, with Comerica CMA.N leading the declines with a nearly 7% fall** KBW regional ba...Reuters
Tue, Mar 4
Other
CANADA RESEARCH ROUNDUP-Alimentation Couche-Tard, Doman Building Materials, NTG Clarity Networks
March 4 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Alimentation Couche-Tard , Doman Building Materials Group and NTG Clarity Networks on Tuesday. HIGHLIGHTS * Alimentation Couche-Tard Inc ATD.TO: Scotiabank cuts target price to ...Reuters
Tue, Mar 4
Other
ABIR’s John Huff previews Bermuda Risk Summit 2024 with The Insurer TV
By Sophie RobertsMarch 4 - Ahead of the Bermuda Risk Summit taking place next week, John Huff, president and CEO of the Association of Bermuda Insurers and Reinsurers (ABIR), shared key insights on the summit’s growing significance as it enters its fourth year.Reflecting on the event's evolution...Reuters
Tue, Mar 4
Stocks
US STOCKS-Nasdaq on course to confirm correction as trade war worries weigh
Illumina falls after China bans imports of its gene sequencersTarget drops on bleak FY forecast Tesla's China-made EV sales fall 49.2% in FebruaryIndexes down: Dow 1.62%, S&P 500 1.50%, Nasdaq 1.15%By Johann M Cherian and Sukriti Gupta March 4 (Reuters) - Wall Street's main indexe...Reuters
Tue, Mar 4
Stocks
Why Shares of Boeing Flew Lower Today
Shares in aerospace giant Boeing (NYSE: BA) were lower by 7.3% as of 11 a.m. today. The move is due to today's implementation of 25% tariffs on goods imported from Mexico and Canada and a 10% import duty on Canada's energy products. In addition, the Trump administration increased tariffs on products...The Motley Fool
Tue, Mar 4
Other
Target CEO Says Have Not Had a Conversation With Trump About Prices
March 4 (Reuters) - Target Corp TGT.N:TARGET CEO SAYS EXPECT TO INVEST $4 BILLION TO $5 BILLION IN STORES AND TECHNOLOGY THIS YEAR - CONF CALLTARGET CEO SAYS EXPECT TO DRIVE MORE THAN $15 BILLION REVENUE GROWTH OVER THE NEXT FIVE YEARSTARGET CEO SAYS HAVE GROWN TARGET PLUS INTO A $1 BILLION PLUS DOL...Reuters
Tue, Mar 4
Stocks
Trump's tariffs pull FTSE 100 off record high
FTSE 100 down 1.3%, FTSE 250 down 2.1% March 4 (Reuters) - Britain's FTSE 100 fell from all-time highs on Tuesday, while the midcap index posted its worst day of 2025 as growing trade tensions between the United States and its main trading partners hammered global sentiment. The blue-chip FT...Reuters
Tue, Mar 4
