Year: 2025
The U.S.-Canada trade war could signal a shift in economic ties, experts say
President Donald Trump signed several executive orders at the start of his second term that lay out a blanket 25% tariff on Canadian goods imported into the United States, with some exceptions such as energy. Canadian energy will carry a lower tariff of 10%. The bulk of these tariffs went into effect at midnight on […]
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Tesla warns it could face retaliatory tariffs
U.S. automaker Tesla has warned that it and other major American exporters are exposed to retaliatory tariffs that could be leveled in response to President Donald Trump’s aggressive use of tariffs. The Tesla comments reflect those of many U.S. businesses concerned by Trump’s tariffs, but is notable because it is from Tesla. Tesla CEO Elon […]
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Mark Carney sworn in as Canadian prime minister, now must face Trump
Mark Carney arrives before being sworn-in as Canada’s 24th prime minister, at Rideau Hall in Ottawa, Ontario, Canada, March 14, 2025. Patrick Doyle | Reuters Ex-central banker Mark Carney was formally sworn in as prime minister of Canada on Friday, putting him in a position to fight tariffs from U.S. President Donald Trump that could […]
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U.S. consumers are starting to crack as tariffs add to inflation, recession concerns
Shoppers cast shadows as they carry their bags along the waterfront in Portland, Maine, U.S, December 26, 2024. Kevin Lamarque | Reuters It’s not just Walmart. The leaders of companies that serve everyone from penny-pinching grocery shoppers to first-class travelers are seeing cracks in demand, a shift after resilient consumers propped up the U.S. economy […]
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Trump’s 200% tariffs could have an unlikely winner — troubled beer brewers
A twelve pack of Budweiser sits on a shelf for sale at a convenience store in New York City. Drew Angerer | Getty Images U.S. President Donald Trump’s threat to impose 200% tariffs on alcohol from Europe would serve a major blow to drinks makers on the continent, but it could have one unlikely beneficiary […]
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Consumer sentiment drops in March to 57.9, according to University of Michigan survey, worse than expected
Consumer sentiment took another hit in March as worries intensified over inflation and a slumping stock market, according to the University of Michigan’s latest sentiment survey released Friday. The survey posted a mid-month reading of 57.9, which represents a 10.5% decline from February and was below the Dow Jones consensus estimate for 63.2. The reading […]
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More than 50 universities face federal investigations as part of Trump’s anti-DEI campaign
Linda McMahon, President Donald Trump’s nominee to be Secretary of Education, testifies during her Senate Health, Education, Labor and Pensions Committee confirmation hearing in the Dirksen Senate Office Building on February 13, 2025 in Washington, DC. Win Mcnamee | Getty Images More than 50 universities are being investigated for alleged racial discrimination as part of […]
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Shares of DocuSign surge 14% on strong earnings, AI boost
Docusign rose more than 14% after reporting stronger-than-expected earnings after the bell Thursday. “We’ve really stabilized and I think started to turn the corner on the core business,” CEO Allan Thygesen said Friday on CNBC’s “Squawk Box.” “We’ve become much more efficient.” Here’s how the company performed in the fourth quarter FY2025 compared to LSEG […]
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Chinese battery giant CATL posts annual revenue drop ahead of Hong Kong listing
Chinese battery giant Contemporary Amperex Technology (CATL), pictured here on April 2, 2020, broke ground on its first overseas factory in Germany in late 2019 and plans to add up to 2,000 jobs there by 2025. Martin Schutt | picture alliance | Getty Images China’s Contemporary Amperex Technology posted a 9.7% drop in annual revenue, […]
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German parties agree on historic debt deal, Reuters sources say
Markus Söder (l-r), Chairman of the CSU and Minister President of Bavaria, Friedrich Merz, candidate for Chancellor of the CDU/CSU, Chairman of the CDU/CSU parliamentary group and Federal Chairman of the CDU, Lars Klingbeil, Chairman of the SPD parliamentary group and Federal Chairman of the SPD, and Saskia Esken, Party Chairwoman of the SPD, hold […]
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