Posts with tag: automation
Financial markets reopen Monday facing reality of US-led trade war, with investors likely to favor the US dollar and shun stocks as tariffs spark commitments to retaliate from other governments.
Published on: February 02, 2025, 05:01 PM UTC
US tariffs on Canada and Mexico spark tit-for-tat measures as trade war looms. Canada and Mexico vow to impose retaliatory tariffs, while China pledges "corresponding countermeasures" without announcing new tariffs.
Published on: February 02, 2025, 05:00 AM UTC
Mexican President Claudia Sheinbaum nominates Jose Gabriel Cuadra Garcia to the central bank's five-member board, pending Senate approval. Cuadra, currently director of the bank's economic studies department, has over 20 years of experience at Banxico and is seen as a top-notch economist with deep knowledge of monetary policy and the financial system.
Published on: February 02, 2025, 04:00 AM UTC
Canada imposes retaliatory tariffs on US goods after President Trump signs executive order imposing tariffs on Canadian imports. The tariffs will impact a wide range of products, including beer, wine, food, appliances, and critical minerals.
Published on: February 02, 2025, 03:00 AM UTC
The EU plans to hold e-commerce platforms like Amazon Marketplace liable for unsafe or illegal products sold online, obliging them to provide data and ensure compliance with EU requirements.
Published on: February 02, 2025, 12:00 AM UTC
Berkshire Hathaway shed 4,000 jobs despite record operating profit. The conglomerate's employment dropped to 392,000 from 396,440. Job cuts were made to address changing markets and business priorities, such as Geico's 7,700 job cuts due to underwriting losses and Precision Castparts' 13,400 job cuts due to the pandemic.
Published on: January 31, 2025, 08:04 PM UTC
Havana Club Rum perseveres amidst Cuba's sugar crisis and US sanctions, maintaining export success with contingencies and a focus on the Chinese market.
Published on: January 31, 2025, 08:00 PM UTC
ArcBest Corp. reported fourth-quarter earnings of $29 million, exceeding Wall Street expectations. Revenue was $1 billion, also beating forecasts. For the year, the company reported profit of $174 million and revenue of $4.18 billion. ArcBest shares have increased slightly more than 1% since the beginning of the year.
Published on: January 31, 2025, 12:05 PM UTC
US stocks gained steam on Thursday afternoon as investors digested earnings from megacap tech companies and waited for Apple (AAPL) results for more clues on prospects for Big Tech.
Published on: January 31, 2025, 11:01 AM UTC
Trump's self-imposed Feb. 1 deadline for tariffs on Canada, Mexico, and China looms, causing uncertainty and weighing on business decisions. Economic experts and world leaders are closely watching the developments as markets anticipate potential impacts on growth and inflation.
Published on: January 31, 2025, 12:01 AM UTC