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Switzerland-based sportswear maker On Holding AG exceeded earnings and revenue estimates as sales increased in all of its markets worldwide.

US President Donald Trump said he would proceed with planned tariffs on Canada, Mexico, and China, causing a broad selloff in US stock markets.View on euronews

Okta upgraded, Quest Diagnostics downgraded: Wall Street's top analyst calls

The Prada Group on Tuesday posted double-digit growth for the fourth consecutive year, bucking the luxury sector slide amid talk of a possible Versace acquisition. The group, which owns the Prada and Miu Miu fashion brands along with Church’s footwear, reported a 17% boost in revenues to 5.4 billion euros ($5.7 billion) last year from 4.7 billion euros in 2023. The Prada brand, which accounts for the bulk of earnings, reported sales were up a solid 4%, while they nearly doubled at younger Miu Miu.

Private equity firms are trying to bolster their reserves to tap an expected surge in deal volumes following U.S. President Donald Trump's push for less regulation, lower corporate taxes and broadly pro-business policies. The preferred stock offered by KKR will automatically convert into a number of common shares on or around March 1, 2028, unless it has been redeemed or converted previously. KKR has a market capitalization of $118.1 billion, per LSEG data.

Walgreens Boots Alliance shares are jumping in premarket trading Tuesday, on a report that the troubled drugstore chain is nearing a deal with Sycamore Partners to be taken private for around $10 billion.

US stock futures slid Tuesday after President Donald Trump made good on his threat to levy hefty tariffs on Canada and Mexico. Dow futures dropped by around 150 points in premarket trading, and futures tied to the S&P 500 and Nasdaq 100 were both around 0.7% lower.

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News of the day for March 4, 2025