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A shipping company says it got hit with a surprise $34 million annual tariff bill due to the Trump administration’s recent change in how it classifies freighters. Atlantic Container Line, a major shipping firm that specializes in transatlantic cargo transport, is warning that the steep fees could force it to halt all of its US-linked […]
A worker at Ford’s Kentucky Truck Plant on April 30, 2025. Michael Wayland | CNBC DETROIT — “A lot of cost and a lot of chaos.” That’s how Ford Motor CEO Jim Farley described the state of the automotive industry earlier this year amid geopolitical tensions, tariffs, inflation and other disruptions. All those factors created […]
Taylor Swift performs onstage during The Eras Tour at Wembley Stadium on June 21, 2024, in London. Kevin Mazur | Getty Images On Friday, 24-year-old Tayra McDaniels will scamper down the stairs of her East Village apartment building and pick up four preordered vinyl editions of Taylor Swift’s new album, “The Life of a Showgirl” […]
Lululemon Athletica slashed its annual revenue and profit forecasts on Thursday, signaling a slowdown in demand going into the crucial holiday season as consumers cut down spending, alongside tariff pressures. Shares of the company fell about 14% after the closing bell. The sportswear maker has failed to spark a wave of buying from consumers grappling with inflation […]
Customer with shopping cart in the snack aisle of a Walmart store in Florida City, Florida, Aug. 5, 2025. JC Milhet | AFP | Getty Images As some of the biggest names in retail, including Walmart and Home Depot, delivered earnings results in recent weeks, they updated Wall Street on how they and their shoppers […]
President Trump announced Friday that his administration is investigating imported furniture for potential tariffs, sending shares of major home goods companies tumbling in after-hours trading. Trump said the probe would be wrapped up within 50 days, after which furniture imports would face duties at rates “yet to be determined.” “This will bring the Furniture Business […]
Canada removed many of its retaliatory tariffs on the U.S. on Friday, marking a significant step forward in the two countries’ relationship. Canada in March imposed counter-tariffs of 25% on a long list of U.S. products that fall in line with the North American trade deal after the U.S. had announced 25% duties on steel […]
new video loaded: How Tariffs Will Affect This Unique Cheese By Eshe Nelson, Nikolay Nikolov, Laura Salaberry, Emli Bendixen and Jon Hazell•August 20, 2025 Stilton is a special type of blue cheese that can be made in only three English counties. There are just four producers of Stilton left, but this one was crowned best […]
President Donald Trump on Tuesday said Goldman Sachs boss David Solomon should go back to “being a DJ” and teed off on the investment bank after it warned that US consumers will soon pay the brunt of tariff-related price hikes. Trump fumed over a revised analysis released Monday by Goldman’s chief economist Jan Hatzius forecasting […]
A screen showing the price of various cryptocurrencies against the US dollar displayed at a Crypto Panda cryptocurrency store in Hong Kong, China, on Monday, Feb. 3, 2025. Lam Yik | Bloomberg | Getty Images The crypto market slid Friday after President Donald Trump unveiled his modified “reciprocal” tariffs on dozens of countries. The price […]
