Trump tariffs take a US$1 billion bite out of GM earnings
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Steel producers like Cleveland Cliffs and Steel Dynamics both said this week that they raised prices after President Trump imposed a 50 percent tariff on imports.
GM reports a second-quarter operating profit of $3 billion and earnings per share of $2.53 from sales of $47.1 billion.
On July 22nd, Jerome Powell, the Fed chair, responded to questions on Trump tariffs, calling it 'uncertain,' noting that possible developments could significantly alter many aspects of the upcoming economic outlook. He reiterated that interest rate decisions are highly data dependent.
Jimmy Lee, the CEO of the Wealth Consulting Group, told the BBC that investors have so far overlooked the potential effects of Trump's tariffs until they are final. Lee said some investors are instead using tariffs as 'buying opportunities'. BBC journalist Tom Gerken voices his own dinosaur in the game Jurassic World Evolution 3.
The Aug. 1 deadline for higher rates to kick in is just 10 days away, putting the heat on U.S. trade partners.
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The American auto manufacturer’s net income fell by 35%, the company said in its second quarter earnings call.
President Donald Trump returned to the White House six months ago. Here's the latest on how he's influencing Arizona.
The stock is down, but the reaction is nothing like what happened in April. That’s a positive for investors.
Reducing waste is one of the few solutions that improves both environmental outcomes and economic performance.