Workers from Chinese electric vehicle (EV) company NIO inspect vehicles in the final quality control area on the automated production line at the companys manufacturing hub on January 17, 2025 in Hefei, China. Kevin Frayer | Getty Images News | Getty Images The speed and scale of China’s electric vehicle revolution has caught the world…
President Trump’s steep 50% tariff on Indian goods is now in effect. The president had initially announced a 25% tariff on India, but earlier this month he signed an executive order imposing an additional 25% tax because India buys Russian oil. CBS News business contributor Javier David has more. Source link
Williams-Sonoma (WSM) said it saw minimal impacts from tariffs in its second quarter results but expects tariffs to pressure its top-line growth and operating margins in the current quarter. “Our incremental tariff rate has doubled since our last earnings call,” CFO Jeffrey Howie said in the company’s earnings call. “At our May earnings call, our…
Buying a new car has never been more financially daunting. A 2025 analysis from Edmunds found that a record 19.3% of consumers who financed a new vehicle in the second quarter of 2025 committed to a monthly payment of $1,000 or more. That’s nearly one in five buyers taking on what was once considered an…
Tottenham Hotspur midfielder Joao Palhinha has been voted the Premier League Player of the Matchweek for Matchweek 2. The summer loan signing from Bayern Munich follows in the footsteps of his new Spurs team-mate Richarlison who won the honour for Matchweek 1. Palhinha secured 33 per cent of the vote in the official Premier League…
A suspect who fatally shot two officers and seriously injured a third in Australia has been identified, along with the victims, police have said. A manhunt is under way for Dezi Freeman, 56, who is heavily armed and experienced in wilderness survival skills, Victoria state’s chief commissioner of police Mike Bush told reporters, as he…
Seattle-based clothing-rental service Armoire is hosting its second annual South Asian Fashion Show on Sept. 19. The event looks to celebrate the South Asian community and will feature vintage or pre-owned saris, kurtas, lehengas, and dupattas that have been styled and upcycled with modern twists that honor South Asian culture, organizers said. Attendees are encouraged to…
(Bloomberg/Carmen Reinicke) — Nvidia Corp.’s China sales have taken on new levels of complexity, and investors will be hoping for a clearer read when the chipmaker reports earnings Wednesday afternoon. The firm’s on-again, off-again sales in the word’s largest market for semiconductors have been a source of confusion for Wall Street. Third-quarter revenue projections for…
Fox News host Trey Gowdy’s call to “track the access to the firearms” after a mass shooting at a Minneapolis Catholic school was quickly challenged by his co-host and sparked instant backlash in MAGA corners online. Gowdy argued that it was time to have “a conversation of freedom versus protecting children,” after a gunman, armed…
Hong Kong needs to develop its “geopolitical instincts” to navigate the US-China rivalry amid the broader global shift in power from the West to the East, a former top diplomat from Singapore has said. Kishore Mahbubani, who previously served as Singapore’s permanent representative to the United Nations and president of the UN Security Council, also…