GM: Tariffs could cut $5B from profits
American automaker General Motors (GM) said Thursday that it could cut the tariffs on President Trump by just as much $5 billion from this year's profit. In a letter to investors, GM CEO and Chairman Mary Bala said her company “had been ongoing discussions with the president and his team even before taking office.” “They […]
Trump threatens to slap sanctions, cut off business with countries that buy Iranian oil
President Trump on Thursday slapped secondary sanctions and threatened to cut off operations with foreign countries that buy Iranian petroleum products. He didn't specifically mention any country, but the threat appears to be the most involved in China. It explains As “the largest importer of Iranian oil,” he purchases approximately 1.6 million barrels per day. […]
Las Vegas Aces cut standout forward amid training camp
The Las Vegas ace cut 6'0 forward Jordyn Jenkins, who spent his career at the University of Texas at San Antonio. Jenkins marks the Ace's first roster cut since the start of training camp. Washington native averaged 19.2 points in shooting 48.2% in three seasons at UTSA. Three players have already been cut in Connecticut. […]
Power Cut Chaos In Spain, Portugal, Operator Points To ‘Rare Phenomenon’
New Delhi: Millions of Spain, Portugal and some parts of Southern France have been affected by rare blackouts, causing traffic, trains and regular activities to halt, causing panic among people. Initially, the cause of the outage was unknown, but Portugal’s power grid operator said that a “rare atmospheric phenomenon” was behind the power outage and […]
Trump floats income tax cut to ease tariff impact
President Trump raised a new income tax cut on Sunday as a way to mitigate the impact of his drastic tariffs. “If tariffs are cut, it could significantly cut income taxes for many people and perhaps completely eliminate them,” Trump wrote in a post on his true social platform on Sunday. “The focus will be […]
‘Cut down on billions of fraud ‘
The USDA requires that states ensure that illegal immigrants are not using food stamps. The department hopes states will comply with President Donald Trump’s executive orders starting in February, and calls for improved ways to ensure that people across the country do not illegally receive federal benefits, including the Supplemental Nutrition Assistance Program (SNAP). The […]
FCC Pressures Paramount to Cut DEI Programs to Complete Skydance Merger
The Federal Communications Commission is putting pressure on Paramount to take more steps to put an end to its diversity, equity and inclusion (DEI) policies before it gets approved for a massive merger with SkyDance Media. The FCC is requesting Paramount to refrain from refraining from further DEI policies as a condition for approval of […]
FX option expiries for 25 April 10am New York cut – Forexlive
Once you try to finish the week, once again the effect of the option expiration date should be relatively restricted. There are a few big ones, but I’m not sitting there because I’m too close to the current spot level. As we and China are becoming more and more committed to exempting certain goods from […]
Major firms cut earnings forecasts as Trump’s tariffs are posed to impact everyday product prices — here’s how it could affect your wallet
Procter & Gamble, Pepsico and LG cut forecasts significantly on Thursday, warning of rising prices for everyday products ranging from toothpaste to toilet paper due to President Trump’s tariffs. Procter & Gamble – the conglomerate behind major brands like Tide, Charmin, Bounty, Luvs and Crest – predicts flat sales growth from pre-projections of 2% to […]
RFK Jr. plans to cut artificial dyes from US food supply
Health Secretary Robert F. Kennedy Jr. and the Trump administration are planning to order manufacturers to reduce potentially harmful artificial dyes used in hundreds of food products, federal officials said Monday. Health and Human Services and the Food and Drug Administration will announce phase-out of petroleum-based synthetic dyes on Tuesday. The agency said. The FDA […]