Stocks tumble after Trump says long-threatened tariffs are coming
Investors dumped stocks on Wall Street late Monday after President Donald Trump said his threatened tariffs on Canada and Mexico would go forward as planned early Tuesday.
Investors dumped stocks on Wall Street late Monday after President Donald Trump said his threatened tariffs on Canada and Mexico would go forward as planned early Tuesday.
Costco Wholesale is set to report earnings after the bell Thursday for the second quarter of fiscal 2025, with analysts expecting rising revenue and profits.
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Intel is rising on a report that two leading AI names are running manufacturing tests using its chipmaking technology.
The stock exchange has several hundred banks using its full suite of digital tools and 2,600 clients using its anti-financial-crime software, Friedman said.
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Wall Street's main stock indexes tumbled Monday to end sharply lower after President Donald Trump announced the start of 25% tariffs on Canada and Mexico. Trump said on Monday that there was no chance for Mexico or Canada to prevent 25% tariffs from taking effect on Tuesday. "They're going to have to have a tariff.
Shares of exercise equipment company Peloton (NASDAQ:PTON) fell 5.8% in the afternoon session as the major indices tumbled after the Trump administration confirmed that the planned 25% tariffs on imports from Canada and Mexico, two of the largest trading partners of the United States, would proceed as planned. The news added to the market's growing unease, which had been building since the start of 2025. For Wall Street analysts, investors, and businesses, the announcement underscored the urgent
Morgan Stanley's Adam Jonas said Tesla is a top pick for the auto sector.