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The company reported fiscal third-quarter adjusted earnings per share (EPS) of $1.10 on net sales of $1.52 billion, exceeding expectations on both parameters.
According to a Bloomberg report, the DOJ decision would allow the Federal Reserve and the Office of the Comptroller of the Currency to approve the deal.
Cliff Asness, Chief Investment Officer at AQR Capital Management, criticized proponents of tariffs Thursday, challenging claims that tariffs lead to deflation rather than inflation.
He said that since the tariffs are sweeping and almost all-pervading, their overall impact on the Indian economy is smaller relative to what would have been if they had been unilaterally levied on the country alone.
China’s deflation challenge is the main event as Beijing releases both consumer price and producer price indices. Taiwan's inflation rate is expected to rebound, while Japan reports labour cash earnings.
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Today, I want to talk about another policy that is going to work the other way on inflation…but no one else I have seen has mentioned this yet. College tuition inflation is about to accelerate, and probably a lot.
Shares of outerwear manufacturer Columbia Sportswear (NASDAQ:COLM)
fell 13% in the afternoon session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%.
Shares of aI-powered lending platform Upstart (NASDAQ:UPST)
fell 16.5% in the afternoon session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%. Markets reacted negatively to the announcement, reflecting deep concerns among investors about the broader economic implications. The tariffs were likely seen as a significant threat to global trade flows, with the potential to slow economic growth, drive up consumer prices, and spark retaliatory measures.
In 2024, the Chinese central bank covertly bought 570 tonnes, encouraging gold’s ascent in global international reserves by 4%, the largest gain in four decades.
