Author: Jeffery Carter

In an aerial view, brand new Subaru cars sit in a storage lot at Auto Warehouse Co. on March 4, 2025 in Richmond, California.Justin Sullivan | Getty ImagesThe White House on Wednesday announced a one-month North American tariff exemption for automakers after President Donald Trump spoke a day earlier with heads of General Motors, Ford Motor and Stellantis.Automakers have urged Trump to waive 25% tariffs on Mexico and Canada on vehicles that comply with the United States-Mexico-Canada Agreement’s trade rules of origin.”Reciprocal tariffs will still go into effect on April 2, but at the request of the companies associated with…

Barcelona struggle to narrow win despite teenage defender Pau Cubarsi being sent off midway through first half.Raphinha scored the only goal of the game to give Barcelona a 1-0 Champions League last-16 first-leg win at Benfica, despite the Catalan giants playing most the game with 10 men. Eighteen-year-old defender Pau Cubarsi was sent off midway through the first half of the tight clash in Lisbon on Wednesday with the score goalless. Raphinha drilled home after 61 minutes to give five-time winners Barcelona a slim advantage on Bruno Lage’s side ahead of the second leg next Tuesday. Barcelona have not won…

Check out the companies making headlines after the bell : Ross Stores — The off-price retailer inched higher by about 1%. Fourth-quarter earnings surpassed estimates, coming in at $1.79 per share, versus analysts’ call for $1.66 per share, per LSEG. However, Ross sees first-quarter same-store sales ranging from down 3% to flat versus a 3% gain last year. Analysts polled by StreetAccount called for a 2.4% gain. Box — Shares plunged nearly 8% after the cloud company guided for first-quarter revenue of between $274 million and $275 million, while analysts polled by LSEG had expected $279.5 million. However, Box’s fourth-quarter…

President Donald Trump vowed to “make America affordable again” before a joint session of Congress Tuesday, but also noted that his steep new tariffs may cause some “disturbance.”Tariffs on Canada and Mexico took effect the same day, and economists say the taxes are bound to raise prices for consumers — which is already fueling concern among households. Taken together, Trump’s tariffs on Canada, China and Mexico would cost the typical household more than $1,200 a year, according to a recent analysis by The Peterson Institute for International Economics. (That tally does not account for Trump’s order on Tuesday doubling the 10% tariff on Chinese imports.)”As long as these tariffs…

David Sacks, U.S. President Donald Trump’s “AI and Crypto Czar”, speaks to President Trump as he signs a series of executive orders in the Oval Office of the White House on Jan. 23, 2025 in Washington, DC.Anna Moneymaker | Getty ImagesThe Trump-tech alliance is showing its first real sign of distress. And it’s because of crypto.President Donald Trump counted on crypto execs and investors for a hefty portion of his 2024 campaign funds. He promised to reward them handsomely if elected by slashing regulations and by turning the U.S. into “the crypto capital of the planet and the bitcoin superpower…

(Bloomberg) — Shares of the world’s largest technology companies climbed in late hours on speculation that Nvidia Corp.’s earnings will help reignite the artificial intelligence-driven rally. Most Read from Bloomberg A $330 billion exchange-traded fund tracking the Nasdaq 100 (QQQ) rose after the close of regular trading. The giant chipmaker that’s seen as a barometer for AI gave an upbeat view of its highly anticipated Blackwell lineup, helping reassure investors after delivering good-but-not-great quarterly numbers. The shares climbed after whipsawing in the immediate aftermath of the results. The company got $11 billion of revenue from Blackwell in the fourth quarter,…

Humane’s Ai Pin, which promised to replace your smartphone with a sleek wearable device, is officially dead. After a rocky launch, negative reviews, and returns outpacing sales, the startup is shutting down and selling its assets to HP for $116 million — less than half of what it raised. But what’s next for Humane’s tech, and for the broader category of AI-powered wearables? Today, on TechCrunch’s Equity podcast, hosts Kirsten Korosec, Max Zeff, and Anthony Ha are breaking down the week’s tech and startup headlines, including what HP might do with Humane’s resources and talent and how, as Max put…

Signage outside the National Oceanic and Atmospheric Administration (NOAA) Center for Weather and Climate Prediction headquarters in College Park, Maryland, US, on Thursday, Dec. 5, 2024. The conservative Project 2025 roadmap calls for slashing NOAA funding at a time when China is investing heavily in climate research. Photographer: Michael A. McCoy/Bloomberg via Getty ImagesMichael A. McCoy | Bloomberg | Getty ImagesThe federal weather and oceans agency touches people’s daily lives in unnoticed ways, so massive firings there will likely cause needless deaths and a big hit to America’s economy, according to the people who ran it.The first round of firings…

German borrowing costs soarThe yield on Germany’s 10-year government bonds — known as bunds — surged on Wednesday, adding 21 basis points by 11:14 a.m. London time.Shorter-term government borrowing costs also rose, with yields on 2- and 5-year bunds climbing 14 and 19 basis points higher, respectively.It came after German lawmakers from parties widely expected to form a new coalition government agreed to work to reform the country’s debt brake rule in a bid to allow an increase in national defense spending.— Chloe TaylorLSEG CEO says listing challenges a global problemLondon’s listing problem isn’t limited to the capital, with weakness…

By Ross Kerber and Utkarsh Shetti (Reuters) – Deere (DE) investors voted overwhelmingly against a resolution aimed at its diversity, equity and inclusion efforts on Wednesday, continuing a pattern of shareholder distaste for anti-DEI measures despite Republican political pressure on executives. During a webcast of its annual meeting, executives with the farm equipment maker said only 1.3% of votes cast were in support of a resolution calling on the company to report on racial and gender hiring statistics “to prove it does not practice discrimination.” The resolution was filed by the National Legal and Policy Center, a conservative-leaning Washington think…