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Investors felt the jitters as Asian markets dropped on Friday after U.S. President Donald Trump signed an executive order imposing tariffs ranging between 10% and 41% on imports from…
A US federal appeals court raised serious doubts about President Donald Trump's authority to impose broad tariffs under emergency powers. During a hearing in Washington, D.C., judges…
Wall Street’s main indexes declined sharply on Friday (Aug 1) as new US tariffs on dozens of trading partners and Amazon’s unimpressive earnings weighed on sentiment, while a weaker…
U.S. President Donald Trump slapped steep tariffs on exports from dozens of trading partners including Canada, Brazil, India and Taiwan, pressing ahead with his plans to reorder the global…
This week we welcomed a record-breaking baby to the world. Thaddeus Daniel Pierce, who arrived over the weekend, developed from an embryo that was frozen in storage for 30 and a half…
Rebates tied to inflation can turn the lemon of inflation into the lemonade of a GOP that directly helps the working class. Source link
Profits of Japanese firms are likely to fall this year because of US tariffs, leading them to downgrade capital expenditure plans, the central bank said on Friday (Aug 1), signalling…
While OCBC posted “stronger than anticipated” results in the first half of 2025, the lender will likely face more challenges in the second half, said group chief executive officer Helen…
President Trump imposed tariffs ranging between 15% and 41% on more than 67 countries Thursday evening, raising tariffs to their highest levels in more than a century. Source link
The direct downside impact of US tariffs on Singapore’s economy should be “contained”, but threats from sectoral tariffs against semiconductors and pharmaceuticals remain, said analysts on…
Britain said the European Union will remove tariffs on key steel products under a quota system from Friday as part of a reset of ties and a recent deal to ease trade barriers. In…
EUROPEAN shares closed at a more than one-week low on Thursday, as investors were disappointed by a series of corporate reports from the likes of Sanofi and Ferrari, while beverage makers…
As the clock ticks down to the 12:01 Aug. 1 deadline, shoe firms that produce in Mexico get a last-minute reprieve — but only for another 90 days. U.S. President Donald Trump had…
Mexican President Claudia Sheinbaum said on Thursday that she secured a pause on new tariffs coming into effect and a 90-day period to work on a trade deal during a call with U.S.…
Federal appeals court judges challenged President Trump's claim of expansive emergency powers to slap tariffs on the rest of the globe, suggesting during a high-stakes hearing Thursday…
Lawyers alleged that the department’s new rule violated Section 527 of the 2024 DHS appropriations bill, as incorporated by the fiscal year 2025 Continuing Resolution, which stated that…
President Donald Trump signed an executive order Wednesday to impose his threatened 50% tariffs on Brazil, setting a legal rationale that Brazil’s policies and criminal prosecution of…
Shein Group’s net income rose to over US$400 million and revenue was almost US$10 billion in the first quarter as consumers snapped up the fast-fashion retailer’s products ahead…
Imposing tariffs diverts resources to lobbying efforts that could have been used for productive purposes. Source link
BMW said on Thursday (Jul 31) its profits slumped by a third in the second quarter as the German premium carmaker was hit hard by falling sales in key market China and US tariffs. Net…
Asian markets mostly fell on Thursday while the dollar held most of its gains as traders weighed a cautious Federal Reserve with strong tech earnings and Donald Trump’s tariffs on key…
Despite the talk about the parameters for trade deals, firms largely remain in the dark as they scramble to adjust sourcing strategies amid an evolving tariff landscape. Second-quarter…
While tariffs were initially enacted to help promote domestic manufacturing, one particular American industry is getting the short end of the stick: chocolate. Due to chocolate’s main…
Even after efforts to mitigate tariff impacts, CEO Edward Rosenfeld detailed pressures on Steven Madden Ltd.’s second-quarter results. “Wholesale customers canceled orders and reduced…
