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Yesterday, U.S. stock markets, and stock markets around the world, dramatically fell during the first trading session after President Donald Trump announced on Wednesday tariffs on nearly every country in the world. As noted by PBS, the S&P 500 plummeted 4.8%, the Dow Jones Industrial Average sank 4%, and the tech-heavy Nasdaq plunged 6%.
April 3rd saw a market plunge, but The Goodyear Tire & Rubber Company shares soared, closing up 11.7%, highlighting its resilience amid global tariffs. Goodyear's restructuring initiatives, including the Goodyear Forward plan, have improved margins and are expected to cut costs even more, reinforcing my 'strong buy' rating. Despite declining tire volumes, Goodyear's domestic manufacturing and increased tariffs on imports position it well against foreign competition, boosting its market share.
The Goodyear Tire & Rubber Company (NASDAQ:GT) shares climbed almost 15% higher due to its favorable positioning as consumer pivot to domestic products due to US president Donald Trump's new tariffs. While Trump's tariffs impose a 25% levy on auto imports, tires are not directly affected.
Goodyear announces a vintage blimp design for its 100th anniversary AKRON, Ohio , April 1, 2025 /PRNewswire/ -- In celebration of the Goodyear Blimp's 100th anniversary this year, the company today announced that its blimp Wingfoot One will fly with an entirely new look inspired by Goodyear's very first branded blimp Pilgrim. The company's iconic airship is being re-wrapped with a black and silver color scheme, including a vintage Goodyear logo on the sides and a reappearance of the blue and yellow Goodyear "house flag" that donned the side of the company's earliest blimps.
Toronto, Ontario--(Newsfile Corp. - March 31, 2025) - GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) (the "Company" or "GT") announces that the board of directors have approved for grant the following annual equity incentives to directors, officers, employees, advisors and consultants 875,000 restricted share units ("RSUs") to certain employees, advisors and consultants which vest 3-years from the date of issue and have a term of 5-years; 3,000,000 deferred shares units ("DSUs") to certain officers and directors, which are exercisable upon departure from the Company and which vest 1-year from the date of issue; 5,400,000 stock options to certain officers and directors, which are exercisable for five years at a price of $0.025 per common share with 1/3rd vesting immediately and 1/3rd every 6-months thereafter; and 700,000 stock options to certain employees, advisors and consultants, which are exercisable for five years at a price of $0.025 per common share with 1/3rd vesting imm
Jackie Siegel, well-known as the “Queen of Versailles” from a 2012 documentary, is finally nearing the end of a massive, 20+ year renovation of her mansion in Florida. She recently announced on Instagram that the decades-long project is almost complete. The 90,000-square-foot house includes 30 bathrooms, 14 bedrooms, a 35-car garage, and a pub. It’s expected to be the largest and most expensive single-family home in the United States. (Consider these factors before buying a home during retirement.) Siegel’s announcement raises the question of whether such large homes are excessive — in other words, when is a house too big? It would seem that, like in the Gilded Age, the very wealthy continue to build enormous estates to showcase their wealth and ambition. To find the 20 largest houses in America, 24/7 Wall St. reviewed various sites, including Explore, Family Handy Man, and Largest. On our list, we’ve included the home’s square footage, who origina
AKRON, Ohio , March 26, 2025 /PRNewswire/ -- This year, Goodyear (NASDAQ: GT) celebrates 45 years of its most recognizable ultra-high-performance product line, Goodyear Eagle branded tires. Uniting the company's exhilarating performance for sports cars with its heritage in the world's premier racing championships, Goodyear Eagle tires are an icon both on and off the track.
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Goodyear Tire & Rubber Co. is facing a rapidly changing business with new technologies and increased competition from low-cost countries such as China. The question now is if the 127-year-old company can transform itself to be more efficient, profitable and competitive.
Taylor Davis and Jingwei Yu recognized by the Manufacturing Institute as 2025 Women MAKE Awards Winners. AKRON, Ohio , March 6, 2025 /PRNewswire/ -- The Goodyear Tire & Rubber Company's Taylor Davis, staff electrical engineer, and Jingwei Yu, finance director, Asia Pacific Operations, have been recognized as 2025 Women MAKE Awards Winners.