U.S. stock futures were down marginally by 0.2% this morning following another all-time high by the S&P 500 index yesterday. Macro data is starting to look weaker. Consumer spending was down in May and the job market is getting worse for employees. That suggests the Fed may cut rates in September, analysts say, which would…
South Korea is looking for an extension to the July 9 tariff deadline as talks continue. The US has raised concerns over non-tariff barriers and broader defence. South Korea is not the only country looking to reach a deal with the US before the tariff deadline on July 9. “It seems some countries will reach…
A recent analysis conducted on 1,400 products has shown that China-made goods sold in the United States are seeing a hike that’s faster than the country’s overall inflation. According to a report by Reuters, citing an exclusive analysis by DataWeave, the rise in the prices of Chinese products shows a sign that tariffs are starting…
Fireworks, a hallmark of July 4th celebrations, are feeling the impact of President Trump’s trade war with China. More than 95% of the fireworks sold in the U.S. come from China, according to data from the U.S. Census Bureau. And while sales of pyrotechnics have grown in past years as more states and counties loosen…
In today’s retail relay, growth hinges on handing buyers the baton of evergreen bestsellers and fresh-drop stock primed to ship at the speed of style. After all, McKinsey reported last November, one-third of consumers now expect same-day delivery to keep pace with their fashion fix. In response to these evolving demands, Joor developed a first-of-its-kind…
GE Appliances executive Lee Lagomarcino said U.S. trade policy was the driving factor in the company’s recent decision to accelerate a plan to move overseas jobs back to the U.S. “Any time we decide to move a factory or redesign a platform, it’s an expensive endeavor, so we have to think through the strategy and…
Despite significant macro risks ahead—including looming tariffs and weak consumer spending—markets remain buoyant, with the S&P 500 hitting a record high of 6,173.07 and futures rising further. Investors appear to be expecting either a tariff deadline extension or Federal Reserve rate cuts to support stocks. The S&P 500 set a new record on Friday and…
How tariffs are affecting firework sales – CBS News Watch CBS News Most fireworks come from China, but this year, some shipments were complicated by President Trump’s tariffs. Shanelle Kaul reports. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link
President Donald Trump said Friday that he’s suspending trade talks with Canada over its plans to continue with its tax on technology firms, which he called “a direct and blatant attack on our country.” Trump, in a post on his social media network, said Canada had just informed the U.S. that it was sticking to its plan…
Merriam, Kansas — Most will see just a furniture store when they visit My Home Contemporary Furniture in Merriam, Kansas, but for owner Henrik Svendsen, it’s the culmination of his life’s work. “I opened up four years ago,” Svendsen told CBS News. “I thought it would be the retirement for the kids.” Svendsen is closing…