Economics reporter reveals uncertainty of end goal for Trump tariffs from sources
President Trump announced a pledge to raise tariffs on foreign steel and aluminum imports, saying he'll double them from 25% to 50%. Axios senior economics reporter Courtenay Brown joins Alex Witt to discuss this impact and Trump's economic agenda.
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How can countries protect themselves from fallout due to Trump's tarrifs? Economic expert weighs in
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Cleveland-Cliffs (NYSE:CLF) Q1 2025 Earnings Report Reveals Increased Net Loss
Cleveland-Cliffs recently announced its earnings for Q1 2025, reporting a decline in sales and an increased net loss compared to the same period the previous year. Despite these financial challenges, the company's stock moved up by 19% over the past week, in contrast to the broader market's modest 2% climb. This significant price movement for Cleveland-Cliffs, given its recent earnings report, suggests other influences may have been at play, potentially offsetting the financial performance impact, as no major market news accompanied this period. Cleveland-Cliffs has 3 possible red flags (and 1 which is potentially serious) we think you should know about. These 18 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch. The news of Cleveland-Cliffs' improved share price performance following a challenging earnings report highlights the complex dynamics influencing investor sentiment. While the company's Q1 2025 earnings showed a US$1.18 billion loss, the recent tariff-backed protection and expectations of synergies from the Stelco acquisition may bolster its future prospects. This optimism is reflected in the significant 19% share price increase, despite short-term financial setbacks. Over the past five years, Cleveland-Cliffs delivered a total return of 10.69%, including share price and dividends—a modest gain considering the stock's recent volatility. In contrast, the company's performance in the past year lagged behind both the US market return of 11.9% and the US Metals and Mining industry return of 0.4%. These figures indicate that while Cleveland-Cliffs has experienced recent positive momentum, it trails industry and market averages over the longer term. The potential impact of the tariff and acquisition news on revenue and earnings forecasts is significant. Analysts anticipate an annual revenue growth of 5.2% over the next three years and a shift from a 3.9% decline in profit margins to a 2.2% gain by 2028. However, this optimistic outlook is tempered by existing risks, including trade disruptions and high interest rates, which could impede the company's progress. With the current share price at US$8.61 and a consensus price target of US$10.91, the stock has room to grow, with a potential upside of 21.1%. However, the analysts' divided perspectives on Cleveland-Cliffs' future highlight the uncertainty ahead. Investors are encouraged to scrutinize these projections against personal expectations and market conditions. Understand Cleveland-Cliffs' track record by examining our performance history report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:CLF. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
CBS News
17 minutes ago
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Man arrested for trying to scale fence at Trump's Mar-a-Lago club, Secret Service says
Police in Florida arrested a man who allegedly climbed a fence and tried to enter President Trump's Mar-a-Lago club early Tuesday, the Secret Service said. The alleged intruder — described only as an adult male — "scaled a perimeter fence and triggered alarms" shortly after midnight on Tuesday, a Secret Service spokesperson said in a statement to CBS News. He was detained by the Secret Service "without incident" before local police in Palm Beach took him into custody and charged him with trespassing, according to the spokesperson. The arrested man allegedly told local police he hoped to speak with Mr. Trump about "the gospel" and wanted to marry his 18-year-old granddaughter, according to an arrest report obtained by the Palm Beach Daily News. CBS News has reached out to the Palm Beach Police Department. Mr. Trump was in Washington during the incident. "No Secret Service protectees were present at the time of this incident," according to the agency. It's not the first time that Mar-a-Lago has faced security incidents. A man allegedly tried to enter the property repeatedly last year, both before and after the election, and two different people were arrested for trespassing during Mr. Trump's first term in 2019. And Ryan Routh was charged last year with trying to kill Mr. Trump at his golf club in West Palm Beach, a few miles from Mar-a-Lago. Authorities say Routh — who has pleaded not guilty — aimed a rifle through the bushes at the edge of the property, but fled after he was spotted by the Secret Service. That was the second attempt on Mr. Trump's life last year.
