BetOnline.ag, an online sports book, offers odds on the next Disney CEO. Dana Walden, co-chair of Disney Entertainment, is the frontrunner (2/1 odds). Internal candidates like Josh D'Amaro (Disney Parks chairman) and Jimmy Pitaro (ESPN chairman) also have significant odds. External candidates include Netflix co-CEO Ted Sarandos...
The White House announced a softening of automotive tariffs, preventing additional levies on steel and aluminum from compounding existing 25% tariffs on imported vehicles. While the 25% import tariff remains, reimbursements for auto parts tariffs will be offered, totaling up to 3.75% of a U.S.-made car's value in...
Pfizer exceeded first-quarter profit expectations despite lower sales, primarily due to reduced Paxlovid demand. The company expanded its cost-cutting program, aiming for an additional $1.2 billion in savings by 2027 through digital enablement and process streamlining. This, along with a separate initiative, will result in approximately $7.7 billion...
GM reported a 7% decline in first-quarter profits to $2.8 billion, primarily due to a 14% drop in North American earnings. The company withdrew its previous $11.2-$12.5 billion net income projection for 2025, citing uncertainty surrounding US tariffs on imported cars, steel, and aluminum. While tariffs minimally impacted...
General Motors exceeded first-quarter expectations, reporting $2.78 adjusted earnings per share versus the expected $2.74 and $44.02 billion in revenue. However, GM is reassessing its 2025 financial guidance and suspending stock buybacks due to uncertainty surrounding President Trump's auto tariffs. While the company anticipates offsetting 30-50% of North American...
A deal has been reached to ease tariffs on imported cars, potentially averting a major crisis for the US auto industry. Commerce Secretary Howard Lutnick confirmed the agreement, which is expected to be formally announced by President Trump in Michigan on Tuesday. The deal avoids stacking auto tariffs...
HSBC's first-quarter 2025 results exceeded expectations, driven by strong wealth and corporate banking performances. Pre-tax profit reached $9.48 billion, surpassing estimates, although it decreased 25% year-on-year. Revenue also fell 15% year-on-year but surged nearly 317% from the previous quarter. The bank announced a $3 billion share buyback...
President Trump is expected to announce measures easing the impact of his tariffs on US car manufacturers. Commerce Secretary Howard Lutnick hailed the move as a victory for the President's trade policy, rewarding domestic manufacturing. The announcement, to be made at a Michigan rally, will reduce import duties...
Asia-Pacific markets showed mixed results Tuesday, with Australia's S&P/ASX 200 up 0.96% and South Korea's Kospi rising 0.63%. However, China's CSI 300 fell slightly. Investor focus remained on US President Trump's tariffs and ongoing US-Asia trade negotiations. Japanese markets were closed for a holiday.
DHL Express has resumed shipping consumer packages valued between $800 and $2,500 to the US. The suspension, implemented last week due to increased customs clearances related to Trump-era tariffs, is lifted following talks with the US government. While business-to-business shipments and packages under $800 were unaffected, DHL warns...
