Germany has urged the European Union to respond firmly to President Trump’s 25 percent tariffs on cars and car parts, which will go into effect on April 3 and impact automakers like BMW, Mercedes-Benz, and Volkswagen. European officials, including Germany’s economy minister and France’s finance minister, have criticized the move, warning of negative consequences for global trade. The European auto industry, facing increased competition and transformation, is concerned about the potential for a trade war and its impact on jobs, economic growth, and consumer prices.
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CrowdStrike: Higher Sales, Higher Costs
CrowdStrike (NASDAQ: CRWD) recently released its financial report as it approaches the one-year mark since a significant global outage in July 2024. The cybersecurity firm exceeded earnings per share (EPS) estimates while matching revenue, although it experienced declines in earnings, free cash flow, and annual recurring revenue (ARR) compared to the previous year. The company is making strides in recovery from the incident, as indicated by these financial results. Full Article
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