CSX railroad customers would likely bear the burden of an increased steel tariff, said Chief Executive Officer and President Jim Foote. “We would absorb the initial costs,” Foote told CNBC during “Closing Bell” on Thursday. “But over time that cost, like everything, gets passed on.” Earlier Thursday, PresidentDonald Trump signaled heavy tariffs on foreign steel
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Check out the companies making headlines after the bell Thursday: American Outdoor Brands shares plummeted more than 16 percent after the bell. The firearms and outdoor products manufacturer reported earnings per share that beat expectations but fell short on everything else. Revenue missed estimates by nearly 10 percent and guidance was extremely weak. The company
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On trade, the U.S. agriculture industry is particularly vulnerable to Chinese actions. The country is the second-largest market for U.S. agricultural exports, according to the U.S. Department of Agriculture Foreign Agricultural Service, as of January 2017. And in retaliation for any U.S. tariffs on China, Beijing will take action against the soybean and corn industries,
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An additional 2.4 million Americans were impacted by the Equifax data breach, the company announced Thursday, citing the results of a continued internal investigation. In a written statement on its website, Equifax said: “As a result of ongoing analysis of data stolen in last year’s cybersecurity incident … the company has confirmed the identities of consumers whose
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Markets tumbled on Thursday following President Trump’s trade tariff announcement earlier in the session. The S&P 500, Dow Jones industrial average and Nasdaq composite all logged losses of nearly 2 percent each. As more than half of S&P stocks sit in correction territory from losses incurred last month, some market participants are recommending bargain buys
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Are you making the most of your 401(k)? Better check. In recent years, companies have been making improvements to their workplace retirement plans, according to a new survey by global advisory firm Willis Towers Watson. Among other changes, many companies have boosted employer contributions, added Roth 401(k) options, and made fees more transparent. The survey
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