President Donald Trump delayed the implementation of new 25% tariffs on Canada and Mexico following pressure from top US automakers and GOP lawmakers. Ford Motors, GM, and Stellantis […]
Economy
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Family offices rattled by market swings and tariffs
Family offices, known for their long-term investment strategies, are showing signs of caution amid this week’s tariff-induced market volatility and policy uncertainty. The S&P 500 dropped 1.3% on […]
Economy
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Macy’s Signals a Rocky Year Ahead as Trade War Looms
Macy’s recent financial results indicate a challenging year ahead, with the looming trade war casting a shadow over its performance. While the company’s turnaround strategy is beginning to […]
Economy
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Trump Temporarily Suspends Tariffs on Mexico and Canada’s Carmakers
US President Donald Trump has announced a one-month tariff exemption for automakers in Mexico and Canada following discussions with major industrial leaders. White House Press Secretary Karoline Leavitt […]
Economy
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US employers cut more jobs last month than any February since 2009
The Trump administration’s federal cuts and economic uncertainty contributed to a recession-level spike in layoffs last month. US employers announced plans to cut 172,017 jobs, a 103% increase […]
Economy
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5 things to know for March 6: Auto tariffs paused, Ukraine, government cuts, ‘last warning’ to Hamas, social media safety
NASA’s twin Voyager probes, launched in 1977, continue their journey through interstellar space. To conserve power, they are shutting down some instruments. Here’s a summary of other key […]
Economy
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The Trump Economy Faces Early Challenges
The Trump economy is encountering several early challenges, as highlighted by multiple reports. Axios notes that these challenges include potential disruptions from a fluctuating trade agenda, which could […]
Economy
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Trump Grants One-Month Exemption For U.S. Automakers From New Tariffs On Imports From Mexico, Canada
President Donald Trump has granted a one-month exemption on his new tariffs on imports from Mexico and Canada for U.S. automakers. This decision follows discussions between Trump and […]
Economy
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Europe’s automakers caught up in Trump’s trade war
United States President Donald Trump’s recent trade war against Canada and Mexico has placed Germany’s Volkswagen in a challenging position. According to JATO Dynamics, 44 percent of the […]
Economy
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Trump agrees to one-month tariff reprieve aimed at helping U.S. automakers
President Donald Trump has agreed to a one-month reprieve for automobile imports qualifying for duty-free treatment under the North American trade agreement. This decision followed a phone conversation […]