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Some business leaders are asking President Donald Trump to rethink tariffs.Bloomberg/Bloomberg via Getty Images Industry and business leaders are reacting to President Donald Trump’s latest tariffs. The Trump administration said Saturday it had imposed new levies on Canada, Mexico, and China. All three countries vowed to retaliate, threatening a trade war. Billionaires, industry leaders, and executives are reacting to President Donald Trump’s tariffs against Canada, Mexico, and China. The Trump administration said Saturday it had imposed a 25% tariff on goods from Canada and Mexico and a 10% tariff on China. The announcement sparked swift responses from all three countries.…

By Chris Prentice NEW YORK (Reuters) – Lawyers at the U.S. Securities Exchange Commission (SEC) have been told they need to seek permission from the politically appointed leadership before formally launching probes, two sources briefed on the matter said, in a marked change in procedure that could slow down investigations. The change, which has not been previously reported, was made under new leadership at the SEC since President Donald Trump took office, the sources said, speaking on condition of anonymity as the move has not been made public. Typically five commissioners, including the chair, oversee the independent agency. Currently, the…

Clorox (CLX) Q4 Earnings: What To Expect Consumer products giant Clorox (NYSE:CLX) will be announcing earnings results tomorrow after market hours. Here’s what you need to know. Clorox beat analysts’ revenue expectations by 7.5% last quarter, reporting revenues of $1.76 billion, up 27.1% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ organic revenue estimates. Is Clorox a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting Clorox’s revenue to decline 17.6% year on year…

(Bloomberg) — Consumer-price growth returning to the European Central Bank’s target will allow policymakers to stop restricting economic growth via its interest rates, according to Governing Council member Klaas Knot. Most Read from Bloomberg “Our monetary policy is still inhibiting economic activity right now,” he said in an interview on Dutch state broadcaster NPO1 on Sunday. “But when we are back at 2% inflation, that is no longer necessary, so gradually we are taking our foot off the brake, and trying to aim for the moment when we have recovered 2%.” Speaking on the Buitenhof TV program, Knot — who’s…

Athens CNN  —  Schools will be closed Monday on the iconic Greek island of Santorini after a series of 200 earthquakes shook the popular tourist destination in recent days. Authorities have also advised residents to avoid large indoor gatherings and steer clear of multiple ports, including the old port of Fira, just below the island’s capital. Schools will also be shut in the nearby Aegean islands of Anafi, Ios and Amorgos, authorities said Sunday. Between Friday and Sunday, more than 200 earthquakes were detected between Santorini and Amorgos, including a 4.6-magnitude quake, the most powerful so far, according to authorities.…

Earnings To Watch: Napco (NSSC) Reports Q4 Results Tomorrow Electronic security systems manufacturer Napco Security Technologies (NASDAQ:NSSC) will be reporting results tomorrow before market open. Here’s what you need to know. Napco missed analysts’ revenue expectations by 5.5% last quarter, reporting revenues of $44 million, up 5.6% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EBITDA and EPS estimates. Is Napco a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting Napco’s revenue to grow 4.9% year on year to $49.88 million,…

Trump followed through with his plans on Saturday, placing tariffs on Canada, Mexico and China, which will be fully in force by Tuesday, Feb. 4. There will be 25% duties on Canada and Mexico and 10% on China over issues of fentanyl and illegal migration.Stocks will be digesting the tariffs announcements after a strong start to the year. In January, the S&P 500 (^GSPC) rose 2.7% while the Nasdaq Composite (^IXIC) rose more than 1.6%. The Dow Jones Industrial Average (^DJI) led the gains, rising 4.7%.In the week ahead, investors will parse the latest developments in Trump’s tariff strategy, the…

Bangkok, Thailand CNN  —  Tropical beaches, cold drinks by the pool and extreme heat are some of the things one might associate with Thailand. Yet, a rare recent cold snap has seen residents of the kingdom’s capital throwing on extra layers and enjoying the cool winter breeze. Temperatures in Bangkok fell as low as 59.3 degrees Fahrenheit (15.2 degrees Celsius) on Monday, the lowest the capital has seen in years, as the country’s weather agency warned cool conditions could persist through mid-February. On bustling Silom Road in downtown Bangkok, locals bundled up in sweaters and hoodies, some even thrusting their…

President Donald Trump signed an order to put tariffs on U.S. neighbors Canada and Mexico, as well as China, starting Tuesday. Canada and Mexico quickly announced retaliatory tariffs, while China said it would take “necessary countermeasures.” The business between the North American nations now exceeds China, totaling $1.8 trillion in 2023. That is far greater than the $643 billion in commerce that the U.S. did with China in that same year. Trump declared an economic emergency Saturday in order to place duties of 10% on all imports from China and 25% on imports from Mexico and Canada. Energy imported from…

(Bloomberg) — Supply Lines is a daily newsletter that tracks global trade. Sign up here. Most Read from Bloomberg President Donald Trump’s upcoming 25% tariffs on goods from Canada and Mexico and 10% duties on products from China are set to ricochet through households, raising prices for a wide range of items including vegetables, fruits and cars. Economists have warned that US-based companies paying more to import products will hike prices to absorb at least some of the extra expenses. In the worst-case scenario, when shoppers don’t substitute for US-made goods and 100% of the tariffs is passed onto consumers,…