President Donald Trump meets with European Commission President Ursula von Der Leyen at the World Economic Forum, Tuesday, Jan. 21, 2020, in Davos, Switzerland.Evan Vucci | AP PhotoInvestors should “buckle up” for more volatility as the potential for a trade war has not completely dissipated despite U.S. President Donald Trump’s delay of rolling out 50% tariffs on the European Union, analysts warn.Trump announced on Sunday that he had agreed to push the rollout of the punitive import duties back to July 9, following a call with EU Commission President Ursula von der Leyen.The president had initially called for a 50% tariff on EU…
Author: usaeverydaylife
There is a “massive” opportunity ahead as the world gets grayer and more senior citizens want to grow old at home, according to William Blair. While the aging population has been an enduring investment theme over the past decade, the thesis is now heating up, analyst Ryan Daniels said in a note published Wednesday. “The true wave of growth in the senior population is just beginning to manifest across the United States,” he wrote. By 2030, all 73.1 million baby boomers will be older than 65, according to the Census Bureau . Seniors are also becoming a larger slice of…
Mikael Sjoberg | Bloomberg | Getty ImagesSweden-based automaker Volvo Cars on Monday said it would cut around 3,000 jobs as part of a major cost-cutting drive.The move comes after the company, which is owned by China’s Geely Holding, announced an 18 billion Swedish kronor ($1.89 billion) cost and cash action plan late last month. Volvo Cars said at the time that the program would include reductions in investments and redundancies at its operations across the globe.This is breaking news. Please refresh for updates. Source link
A shopper carries a bag with promotional merchandise while visiting fashion retailer Shein’s Christmas bus tour, in Manchester, Britain, December 13, 2024. Temilade Adelaja | ReutersThe European Union on Monday urged fast-fashion retailer Shein to respect EU consumer protection laws and warned it could face fines if it failed to address the EU’s concerns.The Consumer Protection Co-operation (CPC) network of national consumer authorities and the European Commission had notified Shein of practices which infringed EU consumer law, the Commission said in a statement.”If Shein fails to address the concerns raised by the CPC Network, national authorities can take enforcement measures to…
US President Trump can be seen on a screen at the Frankfurt Stock Exchange in front of the DAX curve. Boris Roessler | Picture Alliance | Getty ImagesEuropean shares opened firmly in positive territory on Monday, as investors reacted to U.S. President Donald Trump delaying the roll out of 50% tariffs on the European Union.The pan-European Stoxx 600 gained around 1% shortly after the opening bell, with all sectors in positive territory.The French CAC 40 added 1.3%, while Germany’s DAX was 1.8% higher during early trade. U.K. markets are closed for a public holiday.European autos stocks rebounded from a 3%…
Vietnam’s General Secretary of the Communist Party To Lam (R) shakes hands with French President Emmanuel Macron (L) at the Office of the Party Central Committee in Hanoi on May 26, 2025. (Photo by LUONG THAI LINH / POOL / AFP) (Photo by LUONG THAI LINH/POOL/AFP via Getty Images) Luong Thai Linh | Afp | Getty ImagesFrance and Vietnam signed a deal on Monday for 20 Airbus planes, among other pacts, as President Emmanuel Macron visited Hanoi seeking to boost France’s influence in its former colony, grappling with threats of crippling U.S. tariffs.Macron’s first formal visit to Vietnam, the first…
U.S. President Donald Trump handles a cellphone after it rang while he was speaking on the day he signs an executive order at the White House in Washington, D.C., U.S., May 23, 2025. Kent Nishimura | Reuters If U.S. President Donald Trump follows up on his threat of 50% tariffs on the European Union, he’d be imposing higher duties on America’s ally compared with the 30% on China currently.But on Sunday, Trump said he would delay tariffs on EU to July 9 from June 1 following a call with European Commission President Ursula von der Leyen.Indeed, when news of the…
Xiaomi revealed its first electric SUV, the YU7, in Beijing on May 22, 2025, and said its full launch would be held in July.Adek Berry | Afp | Getty ImagesBEIJING — China’s Xiaomi, known for its smartphones, only recently entered the electric-vehicle space. It is now taking aim at Tesla’s bestselling car in China.Less than a year after launching its first electric car, Xiaomi late on Thursday revealed its YU7 SUV and claimed it would have a driving range of at least 760 kilometers (472 miles) on a single charge.That’s well above the 719 km advertised for Tesla’s extended-range Model…
FILE PHOTO: The company logo of China’s automaker BYD is seen on a car outside its headquarters in China’s southern city of Shenzhen.Bobby Yip | ReutersShares in BYD plunged as much as 8.25% Monday, a steep drop from its record high last week, as investors assessed the Chinese electric vehicle giant’s price cuts announced on May 23.The company announced on the Chinese social media platform Weibo that it was reducing the prices on 22 electric and plug-in hybrid models until the end of June.For instance, the price tag of the Seagull hatchback was reduced by 20% to 55,800 Chinese yuan…
Niphon | Istock | Getty ImagesTencent and Baidu, two of China’s largest technology companies, revealed how they’re keeping in the global artificial intelligence race even as the U.S. tightens some curbs on key semiconductors.The business’ methods include stockpiling chips, making AI models more efficient and even using homegrown semiconductors.While the administration of U.S. President Donald Trump scrapped one controversial Biden-era chip rule, it still tightened exports of some semiconductors from companies including Nvidia and AMD in April.Big names in the sector addressed the issue during their latest earnings conference calls.Martin Lau, president of Tencent — the operator of China’s biggest…
