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Justice Sotomayor appears skeptical of Trump lawyer's tariff argument
MSNBC· 2025-11-05 16:09
strongest presumption of validity. >> I I just don't understand this argument. Um it's not an article. It's a congressional power, not a presidential power to tax.And you want to say tariffs are not taxes, but that's exactly what they are. The generating money from American citizens, revenue. And you say it's incidental to the regulatory purpose, but I don't see how a quota is equivalent to revenue raising.A quota sets a limit to what you can import in, but it doesn't generate revenue. I I I I don't underst ...
LIVE: Supreme Court hears arguments in Trump tariffs case | NBC News
NBC News· 2025-11-05 15:09
Listen to live audio as the Supreme Court hears oral arguments in a case over whether the President Trump has the authority to issue sweeping tariffs under a law reserved for use during times of emergency. For more context and news coverage of the most important stories of our day, click here: https://www.nbcnews.com » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver ...
US tech sell-off set to continue, China says it will remove tariffs on some US farm products
Yahoo Finance· 2025-11-05 13:37
[Music] Hello and welcome to Morning Brief Market Sunrise. I'm Raman Carmali live from Yahoo Finance Studios in London. It's Wednesday, 5th November.Coming up on the show, global stocks continue to slide after Wall Street's tech selloff. The current government shutdown is now the longest on record. And New York has a new mayor.>> This is not only how we stop Trump, it's how we stop the next one. So, Donald Trump, since I know you're watching, I have four words for you. Turn the volume up.[Music] Well, the f ...
X @The Economist
The Economist· 2025-11-05 08:40
What would happen if the Supreme Court struck down Donald Trump’s tariffs? Devastation, he says. In private, though, the administration is more relaxed, for it has other options https://t.co/dDuNx0Ss36 ...
X @Bloomberg
Bloomberg· 2025-11-05 05:04
The Supreme Court will weigh whether President Trump can invoke emergency powers to impose tariffs. Here's what to know https://t.co/Rv6uNQh1xE ...
X @Bloomberg
Bloomberg· 2025-11-05 01:34
Former Treasury Secretary Lawrence Summers termed President Donald Trump’s use of emergency powers to implement tariffs as “problematic” as the Supreme Court prepares to hear arguments in a case challenging the duties. https://t.co/QmMjdP6Ql1 ...
X @Bloomberg
Bloomberg· 2025-11-05 00:24
In a high-stakes legal showdown, the Supreme Court will consider arguments that President Trump exceeded his constitutional authority with many of the sweeping tariffs he has imposed on goods from around the world https://t.co/FjbxFbdHPq ...
X @Bloomberg
Bloomberg· 2025-11-04 23:42
The day before a US Supreme Court showdown over President Trump’s global tariffs, yet another lawsuit contesting his trade policies hit the docket https://t.co/uz4Kn5nMYI ...
X @The Economist
The Economist· 2025-11-04 23:00
America’s Supreme Court will soon hear arguments about whether Donald Trump has the blanket powers he asserted when imposing tariffs. Even if it rules against him, he will be able to re-build his tariff wall https://t.co/kdkVeNMtKIPhoto: Getty Images https://t.co/apWeIFQrMI ...
HYSTER-YALE ANNOUNCES THIRD QUARTER 2025 RESULTS
Prnewswire· 2025-11-04 21:46
Core Insights - Hyster-Yale, Inc. reported a decline in revenues and profits for Q3 2025, reflecting ongoing economic uncertainty and reduced truck volumes across all product lines [1][7][9] Financial Performance - Revenues for Q3 2025 were $979.1 million, down 4% year-over-year from $1,016.1 million in Q3 2024, but up 2% sequentially from $956.6 million in Q2 2025 [2][7] - Operating profit fell to $2.3 million, a 93% decrease from $33.1 million in Q3 2024, while net income was a loss of $2.3 million compared to a profit of $17.2 million in the same quarter last year [2][7] - Diluted earnings per share were $(0.13), down from $0.97 in Q3 2024, reflecting a 113% decline [2][7] Lift Truck Business Results - Lift Truck revenues were $929.3 million, a 4% decline year-over-year, attributed to lower truck volumes due to economic uncertainty [3][4] - The Americas segment saw revenues of $732.7 million, down 5% from $771.5 million in Q3 2024, while EMEA revenues increased by 4% year-over-year [3][8] - Gross profit for the Lift Truck business was $134.3 million, down 21% from $169.9 million in Q3 2024 [5][7] Tariff Impact - Tariff costs were approximately $40 million in Q3 2025, contributing to the decline in operating profit [9] - The company is implementing price increases and cost reductions to mitigate the impact of tariffs on financial results [18][19] Cash Flow and Liquidity - Operating cash flow improved to $37 million, driven by increased inventory efficiency [17] - The company reduced debt slightly to $467.8 million compared to $468.5 million a year ago, maintaining a focus on liquidity management [14][15] Market Outlook - The company anticipates continued challenges due to tariffs and economic uncertainty, with proactive measures in place to improve financial results [18][19] - Despite a contraction in the lift truck market, there was an uptick in booking activity, with dollar value bookings improving to $380 million from $330 million in the prior quarter [21][24] Strategic Initiatives - The company is focused on operational improvement projects to streamline manufacturing and optimize operations, with expected benefits starting in 2026 [31] - Long-term objectives include transforming the lift truck business and expanding into new markets, with a commitment to innovation and customer engagement [38]