Tag: Tariffs
What oil CEOs really think about Trump’s management of the oil sector: ‘Those who can are running for the exits’ | Fortune
Oil companies may have President Donald Trump cheering them on from the bully pulpit. But in the oil patch, the mood is anything but...
Amid weak hiring and White House attacks, the Fed lowers rates—its first move in 2025 and a test of Powell’s independence | Fortune
The Federal Reserve lowered interest rates by a quarter of a percentage point on Wednesday, delivering the long-awaited cut which Powell hinted at last...
The U.S.-Europe Divide on How to Hurt Moscow
Welcome back to World Brief, where we’re looking at the West’s divide on how best to stop Russia’s war in Ukraine, former Brazilian President...
PCE data paints a solid picture, but hidden cracks show tariffs quietly squeezing U.S. consumers—and weak job growth could put them over the edge
On paper, the July personal income and outlays report on Friday looked solid. Personal income rose 0.4% on a monthly basis, spending increased 0.5%,...
Etsy, eBay, and Shein reel as ‘de minimis’ tariff exemption ends, adding hefty charges
The end of the U.S. de minimis tariff exemption marks a major shift for both consumers and retailers, particularly those involved in cross-border e-commerce....
The Duty-Free Loophole Is Closing. What That Means for You—and Your Packages
Want to buy something online and have it shipped into the US? Well, get ready to pay more for the privilege. Starting Friday, small...
Nvidia’s China-based rival posts 4,300% revenue jump as chipmakers’ earnings reported no H20 chip sales to the country
Cambricon, a China-based semiconductor firm, posted record profit in the first half of the year, along with revenue that surged roughly 4,300%.
The earnings, released...
Lamborghini CEO warns tariffs have even forced its wealthiest consumers—who have an average of 5 cars in their garage—to waver on buying a new ride
President Donald Trump’s tariff instability is putting the economy on hold, and even Lamborghini’s deep-pocketed customers aren’t immune.
CEO Stephan Winkelmann said some of its...
Why China Builds Faster Than the Rest of the World
And that requires swallowing our pride here, right? Like we actually need to learn from China, even though US politicians don’t want to admit...
Investors are looking at bargains in China, says HSBC investment boss, pushed by AI discounts and fears over Trump 2.0
When President Trump returned to the White House his intention was clear: Make America Great Again. But the United States’s economic partners, and some...
