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Trump takes a beating from his own party amid Epstein files release and tariffs rebuke
CNBC· 2026-02-13 20:31
US President Donald Trump speaks to the media as he walks to board Marine One prior to departure from the South Lawn of the White House in Washington, DC, on Feb. 13, 2026.President Donald Trump's iron grip on the Republican Party might be starting to loosen, just a bit. The few elected Republicans who regularly cross him — including Kentucky Rep. Thomas Massie and Sen. Thom Tillis of North Carolina — are more vocal than ever. And in recent days, daylight has emerged between the president and a handful of h ...
Pinterest's Stock Is Getting Hammered. Its Earnings Flashed a Warning Signal About Trump's Tariffs.
Investopedia· 2026-02-13 19:50
Pinterest's stock is plunging after the company said its business took a hit from tariffs—though maybe not in the way you'd expect. ...
$50,000 average new car prices are here to stay
Yahoo Finance· 2026-02-13 19:47
As if 2025 wasn't an odd enough year for car buyers, Cox Automotive data suggests that 2026 is already revealing an affordability issue for new vehicles. Tariffs and the threat of rising prices cajoled countless car buyers into finally making the big purchase, leading to the strongest market in years. U.S. 2025 new-vehicle sales GM: 2.83 million vehicles (+5.1% year over year); 17.3% market share Toyota: 2.52 million vehicles (+8.4% YoY); 15.5% market share Ford: 2.18 million vehicles (+5.6% YoY); 13 ...
Pinterest's Stock Is Getting Hammered. Its Earnings Flashed a Warning Signal About Trump’s Tariffs.
Yahoo Finance· 2026-02-13 19:31
Key Takeaways Pinterest shares tumbled Friday after the social media company's fourth-quarter results came in short of estimates. Executives said many of Pinterest's retail clients are pulling back on ad spending as they grapple with higher costs from tariffs. Pinterest’s stock is plunging after the company said its business took a hit from tariffs—though maybe not in the way you'd expect. Shares of Pinterest (PINS) were down nearly 20% Friday afternoon, a day after the social media platform cited ...
New Fed and tariff developments could sap tailwinds for precious metals in Q2 – TD Securities' Melek
KITCO· 2026-02-13 18:25
Ernest HoffmanErnest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's degree Specialization in ...
Pinterest stock is falling off a cliff for a surprising reason: Here's what's driving the PINS collapse today
Fastcompany· 2026-02-13 18:11
Pinterest stock is falling off a cliff for a surprising reason: Here's what's driving the PINS collapse today - Fast Company[Innovation by Design Awards—Early-Rate Deadline This Friday, 2/13. Apply Now!]LOGIN[SUBSCRIBE]- [INNOVATION FESTIVAL]- [Video]- [Podcasts]- [Games]- [Work Life]- [Leadership]- [News]- [Design]- [Tech]- [Premium]|[Custom Studio]- [Texas A&M University]- [IBM]BY [Michael Grothaus]Listen to this Article [More info]0:00 / 0:00Investors in Pinterest (NYSE: PINS) are waking up to a wall of ...
The market is 'too sanguine' about inflation, says Lazard's Eric Van Nostrand
Youtube· 2026-02-13 17:34
Joining us here at Post9 this morning with his take is Lazard Asset Management CIO Eric Vonstren. Eric also served as assistant Treasury Secretary for economic policy under the Biden White House. Welcome, Eric.It's good to see you. >> Good to be with you, Carl. >> Um, so David's been and remains pretty constructive on this notion of a reaceleration.Are you with him. Well, I think we're seeing a lot of upside in the aggregate numbers, but I think the important thing to recognize is that the US economy, its g ...
Mohawk(MHK) - 2025 Q4 - Earnings Call Transcript
2026-02-13 17:02
Financial Data and Key Metrics Changes - The company's fourth quarter net sales were approximately $2.7 billion, an increase of 2.4% as reported, but a decrease of approximately 3.3% on a constant basis compared to the prior year [5][11] - Adjusted EPS for the quarter was $2, up approximately 3% versus the prior year, while the full year adjusted EPS was $8.96, a decrease of approximately 7.5% [5][6] - Free cash flow for the year was approximately $620 million, with a stock repurchase of approximately 1.3 million shares for $149 million [6][18] Business Line Data and Key Metrics Changes - Global Ceramic segment had sales of just under $1.1 billion, a 6.1% increase as reported, while Flooring North America sales were $893 million, a 4.8% decrease as reported [14][15] - Flooring Rest of the World reported sales of $737 million, a 6.5% increase as reported, but a 3.5% decrease on a constant basis [17] - The operating income for Global Ceramic was $63 million, or 5.9%, while Flooring North America had an operating income of $39 million, or 4.4% [15][16] Market Data and Key Metrics Changes - Approximately 55% of sales were in the U.S., 30% in Europe, and 15% in other geographies [6] - Housing turnover in major regions remains at historical lows due to affordability challenges and economic uncertainty, impacting consumer confidence [6][7] - In Europe, high building costs and labor constraints continue to impede residential construction, although there are moderate recoveries in Southern and Eastern Europe [8] Company Strategy and Development Direction - The company is focusing on innovative product introductions and marketing actions to stimulate sales in soft markets [9] - Capital expenditures for 2026 are estimated at approximately $480 million, focusing on product innovation and cost reduction [19] - The company anticipates leveraging the housing recovery and improving its position through restructuring and operational improvements [10][31] Management's Comments on Operating Environment and Future Outlook - Management noted that while home renovation remains soft, there is optimism for improvement in existing home sales due to lower mortgage rates and increased housing supply [31] - The company expects competitive market conditions to persist, with pricing pressures likely to remain [30] - Management anticipates that 2026 will be a transitional year with some improvement in remodeling activity and overall sales and earnings expected to improve [31] Other Important Information - The company has initiated numerous restructuring actions and operational improvements that lowered its cost position [10] - The balance sheet remains strong, with gross debt of $2 billion and leverage of 0.9 times adjusted EBITDA [19] - The company plans to continue its stock buyback strategy as part of its financial management [88] Q&A Session Summary Question: Expectations for price and mix in 2026 - Management anticipates continued pressure in the market, with inflation levels similar to 2025, but expects pricing, improved mix, and productivity to help offset inflation [34][35] Question: Inventory management ahead of spring selling season - Inventories were taken down in the fourth quarter, and management believes they are close to where they need to be, with optimism from customers for the year [41][42] Question: Outlook for 2026 and pricing pressures - Management expects price, mix, and volume to improve, with pricing initiatives in place to recover inflation and enhance product mix [59][60] Question: Impact of tariffs and cost management - Tariffs range from 15%-50%, and management has taken actions to offset these costs through pricing and supply chain management [92][93] Question: Pricing stabilization in Flooring Rest of the World - Management noted that geopolitical events are impacting consumer confidence, but targeted price increases are expected to have a slightly positive effect as the year progresses [95]
How to Approach Harley-Davidson Stock After Q4 Earnings Release?
ZACKS· 2026-02-13 16:46
Key Takeaways HOG reported a Q4 loss of $2.44 per share as revenues fell 28% year over year.Harley-Davidson faces margin pressure from tariffs and a 12% global retail sales decline.HOG expects lower 2026 HDFS income and continued losses in its LiveWire EV unit.Harley-Davidson, Inc. (HOG) , one of the leading motorcycle makers in the world, reported a loss of $2.44 per share in fourth-quarter 2025, wider than a loss of 93 cents per share in the year-ago quarter. The motorcycle manufacturer generated consolid ...
US consumers, businesses bore about 90% of Trump's tariffs, NY Fed study finds
New York Post· 2026-02-13 16:21
US businesses and consumers paid about 90% of the cost of President Donald Trump’s sweeping tariffs last year — contradicting his repeated claims that foreign countries were footing the bill, according to a new study from the Federal Reserve Bank of New York.In the first eight months of 2025, 94% of the cost of tariffs was borne by American businesses and consumers, study found.In September and October, that share slipped to 92%, and in November it fell further to 86% as foreign exporters picked up a larger ...