WASHINGTON (AP) — President Donald Trump’s tariff onslaught this week left a lot of losers – from small, poor countries like Laos and Algeria to wealthy U.S. trading partners like Canada and Switzerland. They’re now facing especially hefty taxes – tariffs – on the products they export to the United States starting Aug. 7. The…
Summer is in full swing and social media is overflowing with stunning, sun-drenched snapshots of celebrities in their best holiday ‘fits – from elegant yacht ensembles and effortless resort looks to – of course – lots of breezy beachwear with swimsuits front and centre. Whether cruising in the Bahamas or soaking up the sun on…
The near-term outlook suddenly looks precarious for a stock market that’s near all-time highs, even after Friday’s big sell-off. Next week, investors will continue to act on what they learned this week. On the one hand, the artificial intelligence story that’s powered the stock market rally the last several months remains intact, with Microsoft this…
HONG KONG — A subsidiary of a Hong Kong conglomerate entangled in U.S.-China tensions appealed on Friday for legal protection for businesses in Panama after the company’s contract over its Panama Canal port assets has been faced with lawsuits in the Central American country. Respect for the rule of law is essential to assure businesses…
Another day, another deadline and another trade curveball from U.S. President Donald Trump just before the buzzer. The tariff deadline was set for August 1. Markets were watching. Countries were calculating. And then, right before midnight, came another announcement: 40% tariffs on transshipped goods, new rates for dozens of nations, and yet another reshuffling of Trump’s trade playbook. All…
Published on August 1, 2025 Booming tech stocks lifted the fortunes of eight of the world’s top 10 wealthiest. Nvidia’s Jensen Huang hit a high mark. Here are the richest people in the world, right now. Nvidia CEO Jensen Huang is now the xxxx Key Takeaways Elon Musk is the richest person in the world,…
Canada ‘disappointed’ by U.S. hiking tariffs, Prime Minister Mark Carney says Canadian Prime Minister Mark Carney said the U.S. increasing tariffs to 35% on the country had “disappointed” its government. The duties have already come into effect and are the latest escalation in the months-long U.S.-Canada trade conflict. “While we will continue to negotiate with…
Federal Reserve Chairman Jerome Powell talks to reporters following the regular Federal Open Market Committee meetings at the Fed on July 30, 2025 in Washington, DC. Chip Somodevilla | Getty Images Here are five key things investors need to know to start the trading day: 1. Going steady The Federal Reserve kept the key funds…
BEIJING (AP) — The centuries-old fiery Chinese spirit baijiu, long associated with business dinners, is being reshaped to appeal to younger generations as its makers adapt to changing times. Mostly distilled from sorghum, the clear but pungent liquor contains as much as 60% alcohol. It’s the usual choice for toasts of “gan bei,” the Chinese…
Tesla is giving a sneak peek at its newest electric vehicle, which is due to hit the market in the fall. According to Teslarati, Tesla announced the new Model Y L on its Weibo page in China. The images show the Y is stylized on the vehicle. The China Ministry of Industry and Information Technology…