Posts with tag: technology
Irving Oil warns New England customers of potential price increases due to tariffs on Canadian imports, contradicting President Trump's promise to lower consumer prices.
Published on: February 03, 2025, 07:02 PM UTC
Tariffs on Mexico, Canada and China could mean higher prices for avocados, tomatoes and beer in the US, as well as an average tax increase of more than $800 this year on US households. Constellation Brands (STZ), which owns Corona and Modelo, is at a disadvantage compared to its peers due to its production in Mexico.
Published on: February 03, 2025, 07:02 PM UTC
Boston Federal Reserve President Susan Collins says tariffs could increase inflation and depress growth, but the Fed is in no rush to change policy due to uncertainty.
Published on: February 03, 2025, 06:04 PM UTC
Robinhood, a popular online trading platform, enters the sports betting market with new event contracts tied to the Super Bowl. By allowing customers to trade on who will win, Robinhood joins the ranks of other sports betting operators like DraftKings and FanDuel.
Published on: February 03, 2025, 06:03 PM UTC
Irving Oil warns New England customers that Trump's tariffs on Canada will increase heating costs, contradicting the president's promise to lower consumer prices.
Published on: February 03, 2025, 06:01 PM UTC
Salvatore Ferragamo CEO Marco Gobbetti to step down after three years. The company has begun searching for a replacement and Chairman Leonardo Ferragamo will assume executive powers until one is found.
Published on: February 03, 2025, 06:00 PM UTC
Canada's stock market plunged after Trump's tariffs, with analysts warning of a potential 20% decline due to the impact on exports and economic growth.
Published on: February 03, 2025, 05:05 PM UTC
Alcohol producers, including makers of Johnnie Walker, Corona beer, and Absolut Vodka, face tariffs after the US imposed new taxes on goods from Mexico, Canada, and China.
Published on: February 03, 2025, 05:05 PM UTC
Trump's new tariffs on Canada, Mexico and China are expected to impact the markets, with economists predicting a recession in Mexico and a slowdown in US growth. Some analysts see opportunities in the chaos, while others warn of the risks to companies with exposure to the impacted countries. The full impact of the tariffs is still uncertain, and markets are reacting accordingly.
Published on: February 03, 2025, 05:03 PM UTC
President Trump supports Federal Reserve's decision to hold interest rates steady; economists predict tariffs could affect inflation and rate plans.
Published on: February 03, 2025, 05:02 PM UTC