Latest news with #MetallusInc
Los Angeles Times
28-07-2025
- Politics
- Los Angeles Times
Vice President JD Vance is on the road again to sell the Republicans' big new tax law
CANTON, Ohio — Vice President JD Vance used a speech in his home state on Monday to promote the GOP's sweeping tax-and-border bill as a small group of protesters outside a northeast Ohio steel plant brandished signs critical of the administration's handling of the Jeffrey Epstein investigation. Vance spoke to a crowd of steel workers in neon green, orange, yellow and red hard hats and safety glasses gathered inside a rolling mill at Metallus Inc. in Canton, about 60 miles from Cleveland. It was his second trip this month as chief promoter of the hodgepodge of conservative priorities that Republicans have dubbed the 'One Big Beautiful Bill.' Echoing themes expressed at an industrial machine shop in West Pittston, Pa., Vance said American workers should be able to keep more of their pay in their pockets and U.S. companies should be rewarded when they grow. He highlighted the law's new tax deductions on overtime and its breaks on tipped income. Vance decried Democrats — including U.S. Rep. Emilia Sykes, whose competitive House district he was visiting — for opposing the bill that keeps the current tax rates, which would have otherwise expired later this year. The legislation cleared the GOP-controlled Congress by the narrowest of margins, with Vance breaking a tie vote in the Senate for the package that also sets aside hundreds of billions of dollars for Trump's immigration agenda while slashing Medicaid and food stamps. The vice president is also stepping up his public relations blitz on the bill as the White House tries to deflect attention from the growing controversy over Jeffrey Epstein. The disgraced financier killed himself, authorities say, in a New York jail cell in 2019 as he awaited trial on sex trafficking charges. Trump and his top allies stoked conspiracy theories about Epstein's death before Trump returned to the White House and are now reckoning with the consequences of a Justice Department announcement earlier this month that Epstein did indeed die by suicide and that no further documents about the case would be released. Vance insisted that the administration of President Trump isn't trying to cover up information from the investigation that's in the public interest. Vance said Trump asked Atty. Gen. Pam Bondi to release all 'credible information' but that the process 'takes time.' The Justice Department has asked for grand jury transcripts to be made public, but a judge in Florida has rejected that bid while requests remain pending in New York. Vance said Trump, who was an acquaintance of Epstein before they had a falling out, wants 'full transparency' in the case and alleged that prior administrations went 'easy on this guy.' A few heads could be seen nodding amid the crowd. Questions about the case continued to dog Trump in Scotland, where he on Sunday announced a framework trade deal with the European Union. Asked about the timing of the trade announcement and the Epstein case and whether it was correlated, Trump responded: 'You got to be kidding with that.' 'No, had nothing to do with it,' Trump told the reporter. 'Only you would think that.' The White House sees the new law as a political boon, sending Vance to promote it in swing congressional districts that will determine whether Republicans retain their House majority next year. In a navy jacket and white shirt unbuttoned at the collar, Vance leaned into folksy word choices and characterized the administration's immigration crackdown as an effort to keep gangs trafficking deadly fentanyl out of the country. Vance's decision to visit Sykes' district comes as the National Republican Congressional Committee has named her narrowly split district as a top target this cycle. His northeastern Pennsylvania stop was in the district represented by Republican Rep. Rob Bresnahan, a first-term lawmaker who knocked off a six-time Democratic incumbent last fall. A spokesperson for the Democratic Congressional Campaign Committee called his visit 'another desperate attempt to lie to Ohioans about the devastating impact the Big, Ugly Law will have on working families,' in a statement. In the statement, Katie Smith said Sykes 'fought tooth and nail against this disastrous law.' Polls before the bill's passage showed that it largely remained unpopular, although the public approves of some individual provisions such as increasing the child tax credit and allowing workers to deduct more of their tips on taxes. Smyth and Kim write for the Associated Press.
Toronto Star
28-07-2025
- Business
- Toronto Star
Vice President JD Vance hits the road again to sell the Republicans' big new tax law
CANTON, Ohio (AP) — Vice President JD Vance promoted Republicans' new sweeping tax and spending law at a steel plant in his home state on Monday, telling factory workers that the new law would allow them to keep more of their paycheck in their pockets. Vance spoke to a crowd of steel workers in neon green, orange, yellow and red hardhats and safety glasses gathered inside a rolling mill at Metallus Inc. in Canton, a competitive congressional district about 60 miles (100 kilometers) from Cleveland.
San Francisco Chronicle
28-07-2025
- Politics
- San Francisco Chronicle
Vice President JD Vance is on the road again to sell the Republicans' big new tax law
CANTON, Ohio (AP) — Vice President JD Vance used a speech in his home state on Monday to promote the GOP's sweeping tax-and-border bill as a small group of protesters outside a northeast Ohio steel plant brandished signs critical of the administration's handling of the Jeffrey Epstein investigation. Vance spoke to a crowd of steel workers in neon green, orange, yellow and red hardhats and safety glasses gathered inside a rolling mill at Metallus Inc. in Canton, about 60 miles (96.56 kilometers) from Cleveland. It was his second trip this month as chief promoter of the hodgepodge of conservative priorities that Republicans have dubbed the 'One Big, Beautiful Bill.' Echoing themes expressed at an industrial machine shop in West Pittston, Pennsylvania, Vance said American workers should be able to keep more of their pay in their pockets and U.S. companies should be rewarded when they grow. He highlighted the law's new tax deductions on overtime and its breaks on tipped income. Vance decried Democrats — including U.S. Rep. Emilia Sykes, whose competitive House district he was visiting — for opposing the bill that keeps the current tax rates, which would have otherwise expired later this year. The legislation cleared the GOP-controlled Congress by the narrowest of margins, with Vance breaking a tie vote in the Senate for the package that also sets aside hundreds of billions of dollars for Trump's immigration agenda while slashing Medicaid and food stamps. The vice president is also stepping up his public relations blitz on the bill as the White House tries to deflect attention from the growing controversy over Jeffrey Epstein. The disgraced financier killed himself, authorities say, in a New York jail cell in 2019 as he awaited trial on sex trafficking charges. Trump and his top allies stoked conspiracy theories about Epstein's death before Trump returned to the White House and are now reckoning with the consequences of a Justice Department announcement earlier this month that Epstein did indeed die by suicide and that no further documents about the case would be released. Vance insisted that the administration of President Donald Trump isn't trying to cover up information from the investigation that's in the public interest. Vance said Trump asked Attorney General Pam Bondi to release all 'credible information' but that the process 'takes time.' The Justice Department has asked for grand jury transcripts to be made public, but a judge in Florida has rejected that bid while requests remain pending in New York. Vance said Trump, who was an acquaintance of Epstein before they had a falling out, wants 'full transparency' in the case and alleged that prior administrations went 'easy on this guy.' A few heads could be seen nodding amid the crowd. Questions about the case continued to dog Trump in Scotland, where he on Sunday announced a framework trade deal with the European Union. Asked about the timing of the trade announcement and the Epstein case and whether it was correlated, Trump responded: 'You got to be kidding with that." 'No, had nothing to do with it,' Trump told the reporter. 'Only you would think that." The White House sees the new law as a political boon, sending Vance to promote it in swing congressional districts that will determine whether Republicans retain their House majority next year. In a navy jacket and white shirt unbuttoned at the collar, Vance leaned into folksy word choices and characterized the administration's immigration crackdown as an effort to keep gangs trafficking deadly fentanyl out of the country. Vance's decision to visit Sykes' district comes as the National Republican Congressional Committee has named her narrowly split district as a top target this cycle. His northeastern Pennsylvania stop was in the district represented by Republican Rep. Rob Bresnahan, a first-term lawmaker who knocked off a six-time Democratic incumbent last fall. A spokesperson for the Democratic Congressional Campaign Committee called his visit 'another desperate attempt to lie to Ohioans about the devastating impact the Big, Ugly Law will have on working families.' in a statement. In the statement, Katie Smith said Sykes 'fought tooth and nail against this disastrous law.'
Yahoo
16-02-2025
- Business
- Yahoo
Investing in Metallus (NYSE:MTUS) five years ago would have delivered you a 184% gain
When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, if you buy shares in a high quality company at the right price, you can gain well over 100%. One great example is Metallus Inc. (NYSE:MTUS) which saw its share price drive 184% higher over five years. Meanwhile the share price is 2.5% higher than it was a week ago. So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns. View our latest analysis for Metallus In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. During the five years of share price growth, Metallus moved from a loss to profitability. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains. You can see how EPS has changed over time in the image below (click on the chart to see the exact values). Dive deeper into Metallus' key metrics by checking this interactive graph of Metallus's earnings, revenue and cash flow. Metallus shareholders are down 25% for the year, but the market itself is up 24%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. On the bright side, long term shareholders have made money, with a gain of 23% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. It's always interesting to track share price performance over the longer term. But to understand Metallus better, we need to consider many other factors. Case in point: We've spotted 1 warning sign for Metallus you should be aware of. If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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. Sign in to access your portfolio
