The federal government could be in for a shutdown in less than two days after Senate Democrats offered up a plan to play hardball and oppose a House bill that would keep the government open until September.
(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylvania Hospitals at Risk of ClosureCanada’s biggest auto parts names are buckling under the weight of US President Donald Trum
Environmental waste treatment and services provider Perma-Fix (NASDAQ:PESI) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 35.3% year on year to $14.7 million. Its GAAP loss of $0.22 per share was 83.3% below analysts’ consensus estimates.
News of the day for March 13, 2025
European markets respond to escalating tariff anxieties, as Canada and the EU announced countermeasures to the US’ 25% steel and aluminium tariffs.View on euronews
Fashion conglomerate G-III (NASDAQ:GIII) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 9.8% year on year to $839.5 million. On the other hand, next quarter’s revenue guidance of $580 million was less impressive, coming in 6.9% below analysts’ estimates. Its GAAP profit of $1.07 per share was 7.9% above analysts’ consensus estimates.
Discount retailer Dollar General (NYSE:DG) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 4.5% year on year to $10.3 billion. Its GAAP profit of $0.87 per share was 42% below analysts’ consensus estimates.
From one crunch to another, markets are finding it hard to catch a break as we go from tit-for-tat trade wars one day to U.S. government shutdown fears the next. Today I'll take a look at how all of the U.S. policy uncertainty and diplomatic upheavals have sparked a conversation in global investment circles about trust and transparency in U.S. governance and how eroding that could undermine the U.S. position as the world's dominant investment destination. Today's Market Minute * President Donald Trump threatened on Wednesday to escalatea global trade war with further tariffs on European Union goods,as major U.S. trading partners said they would retaliate fortrade barriers already erected by the U.S. president.
A short seller is betting the remittance and money transferring business’ stock price will tumble.
TORONTO (Reuters) -CIBC announced on Thursday that its CEO Victor Dodig would retire in October and be replaced by Harry Culham, the head of the Canadian bank's capital markets division. Culham will serve as chief operating officer as of April 1 and take over as CEO on November 1, Canada's fifth-largest lender said. As part of CIBC's executive shakeup in September, Culham took on additional responsibility to oversee the bank's global asset management business and enterprise strategy, along with CIBC's Caribbean business.