UPDATE 2-U.S. Commerce Dept probing steel 'profiteering' after tariffs [Reuters]
CME Group Inc. - Class A (CME)
Last cme group inc. - class a earnings: 4/29 07:00 am
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Source: Reuters
U.S. Commerce Dept probing steel 'profiteering' after tariffs | Reuters 3 Min Read WASHINGTON (Reuters) - The U.S. Commerce Department is investigating recent steel price hikes to determine whether some market participants are “illegitimately profiteering” from new tariffs, Commerce Secretary Wilbur Ross said on Wednesday. Ross told a Senate Finance Committee hearing that the price of steel in the U.S. market has risen far more than justified by the 25 percent tariff imposed by the Trump administration, possibly because of “speculative activity,” with some market intermediaries holding back inventories. U.S. benchmark hot-rolled steel coil June futures prices were quoted at $902 per ton on the New York Mercantile Exchange on Wednesday, up 53 percent from $589 a year ago. “There’s no reason for tariffs to increase the price of steel by far more than the percentage of the tariff, and yet that’s what has been happening,” Ross said. “That clearly is not a result of the tariff, that’s clea
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News
- CME Group Inc. (NASDAQ:CME) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- CME Group Inc. (NASDAQ: CME) had its price target raised by analysts at Barclays PLC from $226.00 to $228.00. They now have an "equal weight" rating on the stock.MarketBeat
- CME Group Inc. (NASDAQ: CME) had its price target raised by analysts at JPMorgan Chase & Co. from $198.00 to $206.00. They now have a "neutral" rating on the stock.MarketBeat
- CME Group Inc. (NASDAQ: CME) had its price target raised by analysts at Bank of America Co. from $209.00 to $216.00. They now have a "neutral" rating on the stock.MarketBeat
- Crude oil prices today: WTI prices are down -0.39% today [USA TODAY]USA TODAY
CME
Earnings
- 4/24/24 - Beat
CME
Sec Filings
- 4/25/24 - Form 8-K
- 4/24/24 - Form 8-K
- 4/3/24 - Form 4/A
- CME's page on the SEC website