Orange Juice Importer Says Trump's Brazil Tariffs Will Raise US Prices
Johanna Foods Inc. is arguing that Trump's reasons for the levy increase — including support for Brazil's former right-wing President Jair Bolsonaro — don't present 'unusual and extraordinary' threats that give him emergency authority to circumvent Congress' taxing power.
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HCA raises annual profit forecast on resilient demand for medical care
(Reuters) -HCA Healthcare raised its 2025 profit forecast on Friday as it expects sustained demand for medical procedures to cushion a hit from U.S. President Donald Trump's potential tariffs. Health insurers have flagged higher-than-anticipated costs in its individual plans that come under the Affordable Care Act, also known as Obamacare, and its Medicaid plans for low-income people. Analysts have said they expect this trend to benefit hospital operators, but warned that proposed federal budget cuts could hit their earnings. HCA earned second-quarter adjusted profit of $6.84 per share, beating analysts' estimates of $6.25 per share, according to data compiled by LSEG. The company expects 2025 profit to be about $25.50 to $27 per share, compared with its previous forecast of $24.05 to $25.85 per share. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 minutes ago
- Yahoo
Trump signs executive order making it easier to remove homeless people from streets
President Donald Trump signed an executive order Thursday making it easier for local jurisdictions to remove homeless people from the streets. The order directs Attorney General Pam Bondi to 'reverse judicial precedents and end consent decrees' that limit jurisdictions' abilities to relocate homeless people. It also redirects federal resources so that affected homeless people are transferred to rehabilitation and substance misuse facilities. It also directs Bondi to work with Health and Human Services Secretary Robert F. Kennedy, Housing and Urban Development Secretary Scott Turner and Transportation Secretary Sean Duffy to fast-track federal funding to states and municipalities that crack down on 'open illicit drug use, urban camping and loitering, and urban squatting, and track the location of sex offenders.' 'President Trump is delivering on his commitment to Make America Safe Again and end homelessness across America,' Leavitt said in a statement Thursday. 'By removing vagrant criminals from our streets and redirecting resources toward substance abuse programs, the Trump Administration will ensure that Americans feel safe in their own communities and that individuals suffering from addiction or mental health struggles are able to get the help they need.' Advocates for the homeless condemned the executive orders with some saying that it will make homelessness worse for communities. 'These executive orders ignore decades of evidence-based housing and support services in practice. They represent a punitive approach that has consistently failed to resolve homelessness and instead exacerbates the challenges faced by vulnerable individuals,' said Donald Whitehead, executive director of the National Coalition for the Homeless, in a press release. The National Homelessness Law Center said the order 'deprives people of their basic rights and makes it harder to solve homelessness' in a statement on Thursday. The group said the order will expand the use of police and institutionalization in response to homelessness, while increasing the number of people living in tents, cars and on the streets. Order follows high court decision The order comes a month after the Supreme Court ruled in favor of an Oregon city that ticketed homeless people for sleeping outside. Justices rejected arguments that such 'anti-camping' ordinances violate the Constitution's ban on 'cruel and unusual' punishment. The case had been watched closely by city and state officials who have struggled to respond to a surge in homelessness and encampments that have cropped up under bridges and in city parks across the nation. It was also followed by people who live in those encampments and are alarmed by efforts to criminalize the population rather than build shelters and affordable housing. Homelessness in the US soared to the highest level on record last year, driven by a lack of affordable housing, a rise in migrants seeking shelter and natural disasters, which caused some people to be displaced from their homes, according to the Department of Housing and Urban Development. More than 770,000 people experienced homelessness in 2024, an 18% increase from 2023. It was the largest annual increase since HUD began collecting the data in 2007 (excluding the jump from 2021 to 2022, when the agency didn't conduct a full count due to the Covid-19 pandemic). As a candidate, Trump railed against the nation's homeless crisis, telling supporters during a September campaign rally it was 'destroying our cities.' 'The homeless encampments will be gone,' Trump said in remarks from North Carolina. 'They're going to be gone. Oh, you have to see, you have to – some of these encampments, what they've done to our cities, and we've got to take care of the people.' CNN's Shania Shelton contributed to this report. Solve the daily Crossword
Forbes
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Bitcoin Is Suddenly On The Brink As Crypto Braces For A $50 Trillion Price Shock
Bitcoin has swung wildly this week, with a near-10% drop from its all-time high sparking fears the bubble has already begun to burst. Sign up now for CryptoCodex—A free newsletter for the crypto-curious The bitcoin price, after almost doubling since this time last year, has seen its rally stall this despite U.S. president Donald Trump issuing a huge bitcoin price prediction. Now, as Elon Musk's SpaceX quietly moving bitcoin has set alarm bells ringing, analysts are betting the bitcoin price is on the brink of a major move. Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run Bitcoin has fallen sharply over the last 24 hours, raising fears of a price crash, even as insiders ... More issued huge bitcoin price predictions. 'Bitcoin deserves close attention. It has just swept the nearest liquidity zone around $115,700–116,100 and is now entering an important range—the first one from which a reversal and upward continuation could occur," analysts with crypto platform B2BInPay said in emailed comments. "If bitcoin breaks through its all-time high, it could open the path toward $127,700. The second scenario possible is that If a deeper correction occurs and bitcoin falls below $98,300, the next major support zone will be between $89,500 and $85,400. But it would require a sharp 17% decline to truly validate a bearish trend, which is too difficult in the current reality." The bitcoin price dip this week has been at least partially attributed to Galaxy Digital, the crypto financial services company led by billionaire Mike Novogratz, sending around 10,000 bitcoin worth $1.2 billion to exchanges, according to blockchain sleuths. Despite his company facilitating a potentially huge bitcoin sale, Novogratz remains bullish on bitcoin, predicting the price will continue to climb provided U.S. president Donald Trump keeps pushing for the Federal Reserve to lower interest rates. "We're in price discovery in a lot of these things, and $150,000 seems to me a decent target,' Novogratz told CNBC. Meanwhile, veteran crypto investor Dan Tapiero, the founder of crypto growth equity funds 10T and 1RoundTable Partners, has launched a new $500 million fund called 50T, consolidating the earlier funds and 5x-ing his previous crypto market prediction from $10 trillion over the next decade to $50 trillion. Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious The bitcoin price has soared over the last year, sparking a flurry of bullish bitcoin price ... More predictions. Tapiero puts the current crypto ecosystem value, including cryptocurrencies and the equity value of crypto companies, at $5 trillion already. "50T is a natural evolution from our original thesis in 2020 when we launched 10T with the belief that the digital asset ecosystem would grow from $300 billion to $10 trillion in 10 years," Tapiero said in a press release, pointing to Circle's public market debut and Coinbase's acquisition of derivatives exchange Deribit as validation of the thesis that "all value will eventually move on-chain" and that the market's growth has 'far exceed[ed] our initial timeline.' Tapiero's investments in Deribit, USDC-issuer Circle and trading platform eToro have all paid off recently. Tapiero also credited policy and regulatory improvements has likely to push the combined crypto market and crypto companies higher in the next few years, telling The Block there have been "significant changes in Washington DC."
