Nike (NYSE: NKE) is set to report its Q3 fiscal 2025 earnings on Thursday after the bell, and investors are bracing for one of its most critical reports in years. With revenue expected to decline double digits, supply chain costs mounting, and new tariff threats looming, this quarter will be a major test of Nike’s resilience….
WASHINGTON (Reuters) – A U.S. House of Representatives committee on Monday asked the Homeland Security Department to turn over documents on the federal government’s response to reported massive Chinese hacking incidents. House Homeland Security Chair Mark Green and the chairs of two subcommittees asked DHS Secretary Kristi Noem to turn over records detailing the government’s…
A new trade war battleground is emerging, and this time, it’s hitting European wines, champagnes, and spirits—a $40 billion industry with deep ties to the hospitality sector. In a major escalation of trade tensions, President Donald Trump has threatened a 200% tariff on European alcoholic beverages, following the European Union’s 50% retaliatory tariff on American whiskey…
In today’s volatile financial landscape, many investors find themselves paralyzed by uncertainty, unsure of how to proceed. Recent market fluctuations, driven by geopolitical tensions and economic policy shifts, have exacerbated these fears. However, history teaches us that patience and strategic action can lead to rewarding outcomes. Let’s explore the current scenario, draw lessons from the past,…
By Bhanvi Satija (Reuters) – Texas and New Mexico on Tuesday reported an increase of 28 cases of measles in the last five days, bringing the total known infections to 256 in the two states since an outbreak began in late January. The outbreak, which started in West Texas, caused the first U.S. measles deaths…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. job openings increased in January, but demand for labor is likely to soften in the months ahead amid concerns that uncertainty over import tariffs and aggressive government spending cuts could cause a sharp slowdown in economic activity. For now, the labor market is holding steady, with the Job Openings…
By David French and Marianna Parraga HOUSTON (Reuters) -BlackRock CEO Larry Fink said on Monday that inflation in the United States will be elevated by nationalistic policies, including the deportation of workers. The head of the U.S. investment management company, speaking at the CERAWeek conference in Houston, added that markets are discounting inflation and there…
WASHINGTON (Reuters) – The U.S. trade deficit widened to a record high in January amid front-loading of imports ahead of tariffs, suggesting that trade could be a drag on economic growth in the first quarter. The trade gap surged 34.0% to an all-time high of $131.4 billion from a revised $98.1 billion in December, the…
By Andy Sullivan WASHINGTON -Large swaths of the U.S. government would be forced to stop operating at midnight on March 14 if Congress does not pass detailed spending legislation that would keep agencies running. WHY WOULD THE GOVERNMENT SHUT DOWN? Congress is supposed to allocate funding to 438 government agencies before October 1, the start…
By Luc Cohen MIAMI (Reuters) – Threats against U.S. judges are rising and lawyers should do more to push back against heated rhetoric, four federal judges said in a panel discussion on Thursday. Speaking at an American Bar Association meeting on white collar crime in Miami, U.S. District Judge Richard Boulware of Las Vegas federal…
