Pinterest share price falls 20% as tariffs hit earnings

Pinterest shares cratered more than 20% on Friday, after the company cited tariff-related shocks in disappointing fourth-quarter earnings. The social media company’s Q4 earnings came in below analysts’ expectations, with revenue of $1.32 billion compared with LSEG consensus estimates of $1.33 billion. Net income for the quarter plunged 85% to $277 million from $1.85 billion…

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Watch live: Jeffries news conference

House Minority Leader Hakeem Jeffries (D-N.Y.) will address reporters Monday afternoon amid the partial government shutdown. The House is expected to vote Tuesday on legislation to reopen shuttered federal agencies, after the House Rules Committee took up the measure late Monday. Speaker Mike Johnson (R-La.) faces an uphill battle in the House to get the…

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