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Though the difference between the two brands’ monthly sales totals is relatively small, the implications of BYD beating out Tesla “are enormous,” says Felipe Munoz, global automotive analyst at JATO Dynamics. Jaap Arriens | Nurphoto | Getty Images Despite incurring a higher tariff rate than Tesla, Chinese electric vehicle maker BYD sold more pure battery […]
Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York on Feb. 26, 2025. Michael Nagle | Bloomberg | Getty Images Amazon CEO Andy Jassy said Wednesday that the company hasn’t seen any signs of consumers tightening their wallets in the face of President Donald Trump’s sweeping tariffs. Jassy’s comments came during […]
Target lowered its full-year sales forecast after a tough first quarter marked by weak discretionary spending, tariff pressures and fallout from consumer boycotts stemming from its DEI policies. The Minneapolis-based retailer now expects net sales to fall by a low single-digit percentage, abandoning earlier hopes for a modest increase, the company said in in its […]
The chaos caused by President Trump’s tariffs have been a bitter pill to swallow for those planning to open a restaurant in the Big Apple – including a sweets shop from the scion of the famed Zabar family. For now the candy prices are stable and comparable to other hotspots as foodie entrepreneurs appear to […]
Stocks surged around the world after U.S. and Chinese officials said they agreed to temporarily suspend most of the tariffs they have imposed on each other. Futures for the S&P 500 suggested that U.S. stocks would open nearly 3 percent higher when trading begins in New York on Monday morning. Futures for the tech-heavy Nasdaq […]
Top economic officials from the United States and China concluded their first day of meetings in Geneva on Saturday evening, setting up a second day of high-stakes negotiations on Sunday that could determine the fate of a global economy that has been jolted by President Trump’s trade war. Neither side provided an immediate readout about […]
President Trump announced on Thursday that the United States intended to sign a trade deal with Britain that would bring the two nations closer and roll back some of the punishing tariffs he issued on that country’s products. Both sides consider a trade pact deeply beneficial, and a deal has been under discussion since Mr. […]
Retailers bracing for consumer spending to drop are using President Donald Trump’s trade war as a marketing strategy, urging consumers to buy now before tariffs lead to price increases or potential shortages. A host of private and direct-to-consumer brands such as Beis, Bare Necessities, Fashion Nova and Knix have mentioned tariffs in marketing campaigns in […]
Denise Buzy-Pucheu, founder and owner of The Persnickety Bride, said steep tariffs on imports from China are hurting U.S. businesses, including bridal shops and wedding dress designers. Some of the brands she carries have added a tariff surcharge. Courtesy of The Persnickety Bride; Photograph by Stella Blue Photography Days after President Donald Trump announced steep […]
Unable to predict the impact of President Trump’s ever-changing trade war, Stellantis and Mercedes-Benz became the latest automakers on Wednesday to scrap their profit guidance citing market uncertainty wrought by tariffs. Volkswagen issued guidance at the bottom end of its forecast, but UBS analyst Patrick Hummel wrote in a client note that the German group’s outlook did not “include any […]
