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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]
X @Bloomberg
Bloomberg· 2025-11-04 20:40
US President Donald Trump has other options to impose tariffs if the Supreme Court says his use of an emergency law is invalid. Here's what to know. https://t.co/rjevBkHvPA ...
Toy maker says Trump’s tariffs have cost his business $14M this year
MSNBC· 2025-11-04 20:15
Meanwhile, the countdown is on to a major test of presidential power. Tomorrow, the Supreme Court will consider President Trump and his sweeping global tariffs when the justices hear arguments in a case brought against the US president by a toy maker. That toy maker, Rick Waldenberg, CEO of Learning Resources, a company that sells learning based toys, joins us now.Rick, um it's good to have you on the program. Um, could you ever have imagined that you'd be in a courtroom where a seinal decision is being mad ...
X @The Wall Street Journal
The Wall Street Journal· 2025-11-04 19:28
From @WSJopinion: Will the Supreme Court stop Donald Trump from usurping Congress’s power over taxes and tariffs?https://t.co/Lx8Abs4rYL ...
X @The Economist
The Economist· 2025-11-04 18:12
RT Archie Hall (@ArchieHall)A quick take from me ahead of tomorrow’s Supreme Court arguments on IEEPA tariffs— There are lots of non-IEEPA authorities Trump can use rebuild his tariff wall— But, losing IEEPA will make the tariff-setting process more lumbering and chaotic. That could be a problemLink ⬇️ ...
X @The Economist
The Economist· 2025-11-04 16:50
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/ieRol6Cq1z ...
Treasury Sec. Scott Bessent on tariffs: Other authorities can be used depending on SCOTUS ruling
CNBC Television· 2025-11-04 13:49
Mr. . Secretary, if uh the Supreme Court were to to uh to go against the president on this, are you confident that uh another uh route can can be found to continue with the with the policy and not get into the morass of trying to be I don't I don't even know how it would work if you had to, you know, start reversing some of the uh what we've seen with with the tariffs. Yeah, Joe, there there are lots of other authorities that can be used, but AIPA is is by far the cleanest and it gives the US and the presid ...