Supreme Court may block Mexico's gun maker lawsuit
The Supreme Court signaled likely rejection of Mexico's $10 billion case against major U.S. gun makers led by Smith & Wesson Beretta Colt and Glock. Justices questioned if firearm shield laws allow suits over cartel violence while weighing whether gun firms knowingly violated law in marketing and sales. The decision could shape similar mass shooting related suits and affect U.S. industry liability.
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Target Posts Strong Q4 Profits Amid Tariff Warning
Target reports solid fourth quarter earnings with net income of 1.1 billion and 2.41 per share on 30.91 billion revenue, beating estimates. The retailer warns tariffs will create meaningful pressure on profits early this year as prices may rise for items like avocados and other goods while it plans 4 to 5 billion in annual investments and 20 new stores.
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Wall Street slides as tariff war erodes post election gains
U.S. and allies retaliate as tariffs hit Canada Mexico and China sparking global selloff. S&P 500 down 1.2 percent Dow -1.6 Nasdaq -0.4 with Nvidia Microsoft buoying tech. Bank stocks fall. Target and Best Buy warn on tariff costs. The administration suggests near term middle ground with Canada and Mexico.
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