The trucks that carry about $300 million worth of auto parts each day over the bridge from Windsor, Ontario, to Detroit are still rolling as usual. But in the aftermath of President Trump’s decision to impose 25 percent tariffs on most categories of Canadian exports, the mood in Windsor, like all of Canada, was transformed.Mr. Trump’s move has ignited a sense of economic anxiety and anger among Canadians about how they are being treated by their neighbor, ally and best customer. Most are still puzzling over Mr. Trump’s motivations and objectives for the tariffs, as well as his comments about…
Author: usaeverydaylife
LSEG signage is seen on screens in the lobby of the London Stock Exchange in London, Britain, May 14, 2024. Hannah Mckay | ReutersLondon’s listing problem isn’t limited to the capital, with weakness in the U.S. and Asia too, according to the head of the London Stock Exchange Group.According to EY, there were just 18 initial public offerings on the London Stock Exchange last year – eight of which came in a fourth quarter flurry.But LSEG CEO David Schwimmer said it’s not a unique problem.”We have seen on a global basis, a pretty subdued environment for IPOs, and that’s been in…
U.S. President Donald Trump arrives to address a joint session of Congress at the U.S. Capitol on March 4, 2025, with U.S. Speaker of the House Mike Johnson and Vice President JD Vance behind him.Win Mcnamee | Via Reuters U.S. President Donald Trump’s 25% tariffs on Canada and Mexico, and an additional 10% on China, are officially in place, proving that he wasn’t brandishing them merely as a negotiating tactic, as many had thought — and hoped. Canada and China have since announced retaliatory tariffs, while Mexico said its response will come Sunday.Geopolitical trade and international relations may be fractured…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 is lower Tuesday, but the index has made a solid comeback from the lows of the session on global trade tensions. Technology is a big reason behind the market’s rebound off its worst levels, with semiconductor stocks such as Club names Nvidia and Broadcom overcoming early losses to trade in positive territory. Nvidia is up more than 3%, clawing back some of its steep losses…
We are not Ukraine.That is the overarching message from officials in the Philippines, who say that they are certain they have the full backing of the United States despite President Trump’s dramatic shifts in foreign policy, including his stunning blowup with Ukraine’s leader. Their confidence, they say, comes from the fact that both Washington and Manila have a common adversary: China.Mr. Trump is embroiled in a trade war with China, while the Philippines has been involved in increasingly tense standoffs with China in the South China Sea over Beijing’s expansive territorial claims. Manila’s biggest deterrent against China is a mutual…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, cryptocurrencies initially tumble after Trump’s tariffs on Mexico, Canada and China take effect. Plus, tech executives cast doubt on Trump’s proposal to include altcoins in a U.S. strategic crypto reserve. And, Jonathan Jachym of Kraken discusses the SEC’s potential dismissal of a lawsuit against the crypto exchange.12:27Tue, Mar 4 20253:01 PM EST Source link
An Adidas flagship store at Nanjing Road Pedestrian Street in Shanghai, China.Cfoto | Future Publishing | Getty ImagesAdidas on Wednesday reported an uptick in fourth-quarter sales that exceeded expectations, as the retailer shakes off weakness in North America and China.The German sportswear giant recorded a 19% increase revenues at neutral currency rates to 5.97 billion euros ($6.34 billion) in the three-month period, ahead of the 5.72 billion euros forecast by LSEG analysts.Operating profit came in at 57 million euros in the fourth quarter compared to a loss of 377 million euros in the same period of last year.Full year sales…
Apple webpage with iPhone 16e ad is screened on a mobile phone for illustration photo. Beata Zawrzel | Nurphoto | Getty ImagesQualcomm CEO Cristiano Amon told CNBC its latest modem will create a big distance in performance versus Apple, which has made its first foray into the technology.Modems are a key component of smartphones that connect the device to the mobile network. Qualcomm is one of the biggest modem suppliers in the world and for years has been the go-to company for Apple’s iPhones.But in 2019, Apple bought Intel’s modem business with the view of designing its own modem in-house, much…
Five weeks ago, Russia’s foreign minister, Sergey V. Lavrov, delivered a routine speech blasting the “hegemonic, egoistic” United States at the helm of the “collective West.” The worldview of the 74-year-old veteran diplomat has since undergone some head-spinning changes.In an interview on Russian state television on Sunday, Mr. Lavrov listed the ills that Europe — not America — had brought upon the world. The United States, in his telling, had gone from evil mastermind to innocent bystander.“Colonization, wars, crusaders, the Crimean War, Napoleon, World War I, Hitler,” Mr. Lavrov said. “If we look at history in retrospect, the Americans did…
K-pop music albums and related merchandise on display in a retail store in Seoul.Anthony Wallace | Afp | Getty ImagesSouth Korea’s economy has been slowing, with growth hitting a multi-quarter low. Its currency has been under pressure, and the country is in political turmoil. Trump tariff threats have not made things easier.But there is one sector that has offered hope to investors this year. One of South Korea’s largest cultural exports: K-pop.Shares of the four major K-pop companies have gained between 20% and 33% so far this year, outperforming the Kospi’s 5.39% gain and the Kosdaq’s 8.8% rise, as of…
