Finance

Cargo surge amid tariff turmoil drives the Port of Savannah to its 2nd busiest year

Cargo surge amid tariff turmoil drives the Port of Savannah to its 2nd busiest year

SAVANNAH, Ga. (AP) — Retailers scrambling to stock up ahead of anticipated stiff tariffs on imports boosted the Port of Savannah, one of the top U.S. container ports, to its second-busiest year e...

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Why we are seeing another meme stock moment: eToro CEO

Why we are seeing another meme stock moment: eToro CEO

July has brought the return of the meme stock moment, led by frenzied activity in Opendoor (OPEN), Krispy Kreme (DNUT), GoPro (GPRO), and GameStop (GME). Don’t count eToro co-founder and CEO...

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Stellantis warns of $1.7 billion earnings hit from tariffs

Stellantis warns of $1.7 billion earnings hit from tariffs

Stellantis on Tuesday said that President Trump’s tariffs will cost the auto manufacturer 1.5 billion euros, or about $1.7 billion, in 2025. The parent company of brands like Chrysler, Fiat,...

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Spotify stock slides on Q2 earnings loss, weaker forecast after record rally

Spotify stock slides on Q2 earnings loss, weaker forecast after record rally

Spotify (SPOT) stock slipped around 8% shortly after the opening bell on Tuesday after the audio giant posted a second quarter loss, missed revenue expectations, and issued softer guidance for re...

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Candy giant Mars to invest $2 billion more in US manufacturing through 2026

Candy giant Mars to invest $2 billion more in US manufacturing through 2026

(Reuters) -Candy and snacks giant Mars on Tuesday announced plans to invest $2 billion more in its U.S. operations through next year to bolster the company’s ongoing efforts to expand manuf...

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India braces for higher US tariffs, eyes broader trade deal, sources say

India braces for higher US tariffs, eyes broader trade deal, sources say

By Manoj Kumar NEW DELHI (Reuters) -India is preparing to face higher U.S. tariffs — likely between 20% and 25% — on some of its exports as a temporary measure, as it holds off on fresh trade conc...

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