Tesla’s share are on track to erase the $700 billion post-election bump that stemmed from expectations that CEO Elon Musk’s relationship with the president would benefit the company.
Category: News
Canadian Crude Wins Reprieve From Trump’s Tariffs
Crude is among the beneficiaries of President Donald Trump’s one-month reprieve on tariffs for some imports from Canada and Mexico, a boost to oil industry leaders.
Energy Chief Plans to Seek $20 Billion to Refill Oil Reserve
Energy Secretary Chris Wright plans to seek up to $20 billion to accomplish President Donald Trump’s goal of refilling the nation’s depleted oil reserve to its maximum capacity.
Employers Add a Solid 151,000 Jobs in February
Employers added 151,000 jobs last month, but the outlook is cloudy as President Donald Trump threatens a trade war, purges the federal workforce and promises to deport millions of immigrants.
Walgreens Going Private in $10 Billion Sycamore Deal
The offer, a roughly 8% premium to Walgreens’ closing price March 6 in New York, will turn one of the oldest, most recognizable U.S. drugstore chains into a private company.
Costco’s Profit Miss Reflects Broader Retail Concerns
Costco slipped in late trading after the big-box retailer posted profit that missed Wall Street’s expectations. Retailers have taken a more cautious outlook in recent weeks.
CMA CGM Pledges $20 Billion for US Shipping Expansion
An estimated 10,000 new jobs would be created by the effort, President Donald Trump said at an event at the White House alongside CMA CGM CEO Rodolphe Saadé.
Congress Approaches March 14 Funding Deadline
Congressional Republicans leaders in early March were focused on pursuing a short-term funding extension designed to avert a partial government shutdown this month.
Border States Fear Impact From Tariffs on Canada and Mexico
Political leaders representing states that border Canada and Mexico are sounding the alarm about how tariffs between those countries and the U.S. will impact their local economies.
Auto Reprieve From Tariffs Isn’t Enough to Weather Trade War
President Donald Trump’s reprieve for U.S. automakers from tariffs isn’t likely to allow enough time for those companies to make the changes necessary to minimize the damage from a trade war.