Browsing Category
Markets
China exempts some U.S. imports from 125% tariff rate
China exempted some U.S. imports from its 125 per cent tariffs on Friday, according to businesses, although China quickly knocked down U.S. President Donald Trump's assertion that negotiations between the two countries were…
Making iPhones has gotten complicated in tariff wars. Apple reportedly has
Apple is planning to redirect the production of its U.S.-sold iPhones from China to India, possibly by next year, the Financial Times reported on Friday
Read More: Making iPhones has gotten complicated in tariff wars. Apple reportedly…
Trump says he might lower tariffs on China. Unless the number comes way
The White House has indicated that it could lower its tariffs on China, but experts say the exact figures might not make much of a difference.Right now, the U.S. has 145 per cent blanket tariffs on Chinese goods, while China has a 125…
This strategist warned of a selloff in December. He’s watching these two
Investors have gotten one signal the stock market bottom is in, they just need this one to confirm, says Warren Pies, founder and strategist at 3Fourteen Research
Read More: This strategist warned of a selloff in December. He’s…
Air Canada ordered to pay passengers $10M in damages after class action
The Quebec Court of Appeal is ordering Air Canada to pay passengers more than $10 million in damages in a class-action lawsuit that alleged they were charged higher amounts than the ticket price advertised.In a ruling Tuesday, Justice…
‘Pervasive’ uncertainty from trade fights depresses outlook for economy,
The U.S. economy got a short-term boost from buyers trying to avoid tariffs.
Read More: ‘Pervasive’ uncertainty from trade fights depresses outlook for economy,
Hudson’s Bay workers denied commission pay during liquidation sales
Hudson's Bay Co. has stopped paying commission to hundreds of cosmeticians and fragrance advisers during liquidation sales, effectively reducing their salaries.These workers, also known as beauty advisers, earn commission on products…
Capital One says consumers are doing OK. Here’s where they may be trying to
Credit-card giant Capital One Financial Services Inc. says consumers are hanging in there as the U.S. braces for the fallout from a global trade war, but that there appears to be a bit of a “pull forward” in auto purchases, as consumers…
Could Trump actually fire head of the U.S. central bank, Jerome Powell?
U.S. President Donald Trump on Monday kept up his verbal attacks on Federal Reserve Chair Jerome Powell over the Fed's refusal for now to further cut interest rates.On social media, the president referenced Powell when he said a slowdown…
M&A activity falls as Wall Street clients tap the brakes on deals
In the face of uncertainty around tariffs and other policy changes, companies have been pausing major deal decisions, despite the expectation in late 2024 that activity would accelerate.
Read More: M&A activity falls as Wall…