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Investing.com — The S&P 500 and Dow closed at a record highs Tuesday, as  investors assessed President-elect Donald Trump’s threat to impose higher import tariffs on China, Canada and Mexico. At 4:00 ET (20:00 GMT), the Dow Jones Industrial Average rose 0.3% to a closing record of 44,860.31. The S&P 500 index gained 0.6% to…

(Corrects location of judge in to Oakland, California from San Francisco in paragraph 4; federal judicial district is unchanged) By Jonathan Stempel (Reuters) -Netflix won the dismissal on Tuesday of a shareholder lawsuit accusing the streaming company of downplaying the impact on subscriber growth of account sharing, where paying members share user names and passwords…

(Reuters) – Dell Technologies (NYSE:DELL) missed Wall Street expectations for third-quarter revenue on Tuesday, weighed down by weaker demand for its traditional PCs and stiff competition from rival server makers. The company reported revenue of $24.37 billion in the quarter, compared with the average analyst estimate of $24.67 billion, according to data compiled by LSEG….

By Cassandra Garrison, David Shepardson and Ben Klayman MEXICO CITY/DETROIT (Reuters) – U.S. President-elect Donald Trump’s plan to slap a 25% tax on all imports from Mexico and Canada could strike the bottom lines of U.S. automakers, especially General Motors (NYSE:GM), and raise prices of SUVs and pickup trucks for U.S. consumers.  GM leads the…

(Reuters) – U.S. President-elect Donald Trump is expected to name Kevin Hassett to lead the National Economic Council, a source briefed on the matter said on Tuesday. Hassett served as the chairman of the White House Council of Economic Advisers during the first two years of Trump’s first term in office. Hassett briefly returned to…

By Yousef Saba, Rachna Uppal and Nayera Abdallah RIYADH/DUBAI (Reuters) – Saudi Arabia approved its state budget on Tuesday for 2025 forecasting a fiscal deficit of 101 billion riyals ($26.88 billion), as its finance minister said the kingdom will continue to spend on massive gigaprojects designed to wean the economy off oil.  The deficit is…

WASHINGTON (Reuters) – Cuts in funding for the Internal Revenue Service, long eyed by Republicans in Congress, would increase the federal deficit by $140 billion over a decade, slow service and reduce complex audits of big companies, Deputy Treasury Secretary Wally Adeyemo said on Tuesday. Adeyemo told reporters that the IRS faced a $20 billion…

By Jessica DiNapoli NEW YORK (Reuters) – Twinkie maker JM Smucker (NYSE:SJM) is planning to monitor and assess any changes in food and nutrition regulations that Robert F. Kennedy Jr. could implement as President-elect Donald Trump’s potential top health agency head. Kennedy said during his run for U.S. president as an independent that he wanted…

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Investors in the world’s largest cryptocurrency are anticipating a significant downward move after bitcoin failed to hit an all-time peak of $100,000, according to a crypto trading platform citing recent options activity. Bitcoin hit a record high of $99,830 on Nov. 22, but it has since fallen more…