Thales Lifts Sales Guidance Amid Strong Defense, Avionics Businesses
The French aerospace-and-defense company now expects organic sales growth between 6% and 7% this year compared with its previous guidance of 5% to 6% growth. Its adjusted earnings before interest and taxes margin, a closely watched measure of profitability, should still range from 12.2% to 12.4%.
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The Hill
16 minutes ago
- The Hill
How Trump's tariffs could affect your grocery bill
President Trump's wide-ranging tariffs scheduled to go into effect Friday could raise food and grocery prices by several percentage points, according to analyses by two think tanks. The Yale Budget Lab estimated Monday that food prices would rise 3.4 percent in the short-run and stay 2.9 percent higher in the longer term. The Tax Foundation calculated that about 75 percent of the country's food imports would be impacted by the tariffs in some way, notably liquor, baked goods, coffee, fish and beer. Alex Durante, an economist with the Tax Foundation, said many people might choose to eat the cost of the tariff because many agricultural products don't have immediately available domestic alternatives. 'You can't make French wine in, say, California because then it ceases to be French wine,' he said. 'To that extent, consumers might have limited availability to switch to alternatives and they might just simply continue paying the tariff burden prince.' That said, not every item in Americans' grocery baskets could see price increases. Many agricultural products from Mexico and Canada, including some fruits, vegetables and meat products, are reportedly exempt under a trade agreement negotiated during Trump's first term. Potential duties on other imports and countries are still being worked out. Trump struck a trade deal with the European Union this week that established a 15 percent duty on goods from the bloc. But wine and spirits, for instance, still need to be negotiated, European Commission President Ursula von der Leyen said this week. 'The Administration has consistently maintained that the cost of tariffs will be borne by foreign exporters who rely on access to the American economy, the world's biggest and best consumer market,' a White House spokesperson told CNBC this week. The Hill reached out to the White House for comment. Here are five staples in your grocery cart that could see a price hike. Fish and seafood Canada, which makes up more than 15 percent of U.S. seafood imports, the most of any country, is currently locked in trade negotiations with Trump's trade representatives. The president's threat of a 35 percent tariff on the U.S.'s northern neighbor posed in April would reportedly exempt goods that comply with a trade deal negotiated during his first administration. Goods primarily produced in North America are tariff-exempt under the U.S.-Mexico-Canada agreement (USMCA). Indonesia (7.6 percent of U.S. seafood imports) will face a 19 percent tariff rate under a trade deal announced by the U.S. last week. Vietnam (6.9 percent) agreed to a 20 percent tariff, down from a 46 percent rate originally threatened by Trump. Coffee Brazilian coffee, which accounted for nearly a quarter of the country's 2024 coffee spending, could face a 50 percent tariff, along with all other imports to the U.S. Trump made the move in order to pressure the country's judiciary to drop the prosecution of Jair Bolsonaro, the former Brazilian president facing charges after his supporters stormed government buildings in early 2023. Switzerland, the source of 13.4 percent of American coffee imports, could also face a 31 percent rate. Trump also threatened tariffs on Colombia (16.8 percent of coffee imports) in January but later rescinded them. The average retail price of coffee is already up about $1 compared to what it cost in January. Rice The U.S. relies on Thailand, which could be subject to a levy as high as 36 percent, for more than half of its imported rice. The Southeast Asian nation's finance minister said Tuesday that he expected trade talks to be completed before Aug. 1 and that the final tariff rate would be lower than what Trump initially threatened, Reuters reported. India, another major importer, is also in trade talks with the U.S. Trump on Wednesday announced a 25 percent tariff on the country. Food Business News estimated in April that America's foreign rice supply faced an average added tariff of 33 percent. Rice exports from American producers have also been a sticking point for the Trump administration during negotiations with Japan, with the U.S. pushing to have more American rice bought in Japan tax-free. Alcohol Mexico, America's top source of spirits including tequila, is facing down a 30 percent tariff starting Thursday. The country also accounts for more than 83 percent of beer exports to the U.S. Domestic beer producers could also be impacted, the Cato Institute argued in July, because they depend on aluminum for cans and ingredients like hops, malts, and sugar imported from other countries. Any levies on wine imports from France and Italy remain to be negotiated as part of the EU's larger trade agreement with the US. New Zealand, another top source of wine (7 percent of U.S. imports), is subject to Trump's general 10 percent tariff increase but has not yet seen another duty imposed on top of that. Chocolate If the USMCA remains in place, Canadian and Mexican chocolate will continue to be exempt from American tariffs, regardless of where they source their cocoa. Several chocolate makers in Mexico and Canada told Reuters that the new tariffs actually boosted their businesses over American manufacturers, who have to import their cocoa from overseas that is tariffed under Trump's policies. Ivory Coast (9.4 percent) faces a reciprocal tariff of 21 percent, a move that the country's agriculture minister said in April would lead to higher cocoa prices.
Yahoo
44 minutes ago
- Yahoo
GE HealthCare Core Operating Margin Faces Tariffs Heat, Raises Annual Outlook
On Wednesday, GE HealthCare (NYSE:GEHC) reported second-quarter 2025 adjusted earnings of $1.06 per share, which beat the consensus of 92 cents. It was up from $1.00 a year ago. The company reported sales of $5.01 billion, beating the consensus of $4.96 billion. Revenues increased 3% on reported and 2% on an organic basis year-over-year. Revenue growth was driven by strength in the U.S. and Europe, the Middle East, and Africa. Total company book-to-bill was 1.07 times. Total company orders increased 3% organically year-over-year. The net income margin was 9.7% versus 8.9% for the prior year, which was up 80 basis points (bps) with lower tax and interest EBIT margin was 14.6% versus 15.3%, down 80 bps, impacted by tariffs, partially offset by benefits from productivity and volume. View more earnings on GEHC GE HealthCare President and CEO Peter Arduini said, 'We were pleased with solid orders and revenue performance in the second quarter across all segments, reflecting healthy customer investment in capital equipment. We also reported strong earnings performance while leveraging our lean capabilities and demonstrating progress on tariff mitigation...' Guidance GE HealthCare raises its fiscal 2025 adjusted earnings from $3.90-$4.10 per share to $4.43-$4.63 per share compared to the consensus of $4.07. The earnings outlook includes approximately 45 cents of tariff impact. Increased 2025 full-year guidance, reflective of healthy capital investment trends, operational execution, and changes in tariff rates. Adjusted EBIT margin of 15.2%-15.4%, reflecting a decline of 110 bps to 90 bps versus the 2024 Adjusted EBIT margin of 16.3%; this compares to the previous Adjusted EBIT margin guidance of 14.2%-14.4%. The company forecasts Free cash flow of at least $1.4 billion; this compares to previous Free cash flow guidance of at least $1.2 billion. Price Action: GEHC stock is down 7.53% at $71.87 at the last check Wednesday. Read Next:Photo by PixelBiss via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article GE HealthCare Core Operating Margin Faces Tariffs Heat, Raises Annual Outlook originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
44 minutes ago
- Yahoo
MP Materials Corp. (MP): I've Got So Many Emails Saying I Don't Know What I'm Talking About, Says Jim Cramer
We recently published . MP Materials Corp. (NYSE:MP) is one of the stocks Jim Cramer recently discussed. MP Materials Corp. (NYSE:MP) is a rare earth metal company whose shares have been among the best performers on the market in 2025. The stock is up by 273% year-to-date, primarily on the back of a 103.6% gain since early July. MP Materials Corp. (NYSE:MP)'s shares have benefited from the US government's push into rare earth metals after the metals became a thorny issue in trade discussions with China. However, Cramer recently remarked that MP Materials Corp. (NYSE:MP) isn't as big as everyone's making it out to be. This time, he discussed the response he'd received for his remarks: 'I've got more, I don't know what you're talking about emails since like, it's like so many it's great. Because every time I don't know what I'm talking about, I know what I'm talking about. MP Materials, you don't even understand the deal. Well you just tripled, your stock just tripled. I understand the deal. You oughta figure out the deal. You know rare earth. I know rare stock. That's what I know. Yeah, it's not up enough and it's going to be up even more. No. You just hit it out of the. . .park. . .ring the register and have a quarter of your position and move on.' Here are Cramer's controversial remarks about MP Materials Corp. (NYSE:MP): 'MP's not as big as everyone's trying to make it out to be. But it's just so, the Defense Department's in there, Apple's in there, they're gonna get what, look I remember the days when everyone owned Moly. Molycorp. Because that was the predecessor. I remember when Lee Cooper called me and said listen. . .you've got to buy MP Materials because of the whole Moly thing. I said Moly lost billions. He goes yes, so did MP. And that's what's happening. We need more than just that strip. We need more than that part of California. But I'm sure that we're gonna do it. It's a different world. We've got such religion again.' While we acknowledge the potential of MP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
