Latest Business News
Trump's 10% Global Tariffs Take Effect After Supreme Court Ruling
President Trump's new 10% tariffs on global imports went into effect Tuesday following the Supreme Court's decision striking down IEEPA-based duties. He has threatened to raise rates to 15% unless trade partners comply with US demands.
The policy shift aims to boost US manufacturing but raises costs for businesses and consumers.
AI 'Scare Trade' Triggers IBM's Worst Plunge in 25 Years
Concerns over AI's disruptive impact dragged down shares in delivery, payments, and software firms, with IBM dropping 13% after a new Anthropic tool announcement. The sell-off reflects growing fears of AI reshaping industries.
US and European stock futures showed slight gains despite the volatility.
JPMorgan's Jamie Dimon Warns of Pre-2008 Crisis Parallels
JPMorgan CEO Jamie Dimon highlighted parallels to the era before the 2008 crisis due to fierce lending competition across finance. He anticipates an eventual souring of the credit cycle amid AI and tariff uncertainties.
Standard Chartered announced a $1.5 billion share buyback amid market jitters.
Pre-Market Earnings: TJX, Lowe's, BMO Set to Report February 25
TJX, Lowe's (LOW), BMO, and others like UTHR, APG, IONS, PNW, OC, FMX, LINE, FSS are due pre-market on February 25, 2026. LOW has beaten expectations every quarter last year with a 2026 P/E of 22.38 vs industry 22.30.
BMO beat or met expectations in recent quarters, with 2026 P/E of 14.05 outperforming peers.
Consumer Confidence Rises Slightly to 91.2 in February
The Conference Board Consumer Confidence Index increased 2.2 points to 91.2, with Expectations Index up 4.8 to 72.0. Present Situation Index dipped 1.8 to 120.0 amid business and labor assessments.
CEOs focus on growth efforts amid shifting consumer outlooks.
Global Trade Alliances Accelerate in Response to US Tariffs
Countries like Canada, India, Australia, Japan, Brazil, and EU are forging new trade pacts to counter US tariff threats. PM Mark Carney tours India, Australia, Japan; India signs deals with Brazil and EU.
This structural shift reduces US dependence in supply chains.
India-US Trade Deal: Zero Tariffs and $500B Purchases Pledged
India agrees to cut tariffs to zero on key US products and purchase $500 billion in US goods, far exceeding current $50B annual imports. Pledge to halt Russian oil buys could tighten global supply and raise prices.
Aims to boost US manufacturing and energy investments totaling $5T over 10 years.
Supreme Court Ruling Reshapes Trump Tariff Strategy
US Supreme Court invalidated Trump admin's IEEPA tariffs, forcing shift to other authorities for broad duties. Impacts household costs, supply chains, investments, and potential refunds.
Raises questions on durability of recent US trade policy shifts.
Bitcoin Suffers Major Setback as Trillions Wiped from Markets
Major Bitcoin setback reported with trillions erased in global markets amid tariff and inflation data volatility. US Open live coverage highlights PPI data implications for stocks and Fed rates.
Investors eye real-time economic releases for portfolio strategies.
Chinese Stimulus Boosts Exports, Oil Rallies on Geopolitics
China accelerates rebalancing with fiscal package lifting exports to non-US markets despite past tariffs. Crude oil rallied due to Chinese stimulus and Middle East tensions; OPEC+ moves eyed.
Canadian forestry pivots amid US restrictions toward bilateral deals.
Burberry Refocuses on Iconic Outerwear Amid Global Headwinds
Burberry CEO outlines brand realignment around signature outerwear, refining product tiers. Navigates luxury sector challenges from tariffs and economic shifts.
Part of broader retail adaptations in consumer and retail insights.