Tag: travel

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Japan Factory Activity Slumps to 10-Month Low in January

Japan's factory activity dropped to a 10-month low in January as sluggish demand and low business confidence weighed on the manufacturing sector. The PMI fell to 48.7, below the 50 mark indicating contraction for seven months. New orders declined for the 20th consecutive month, while inflation remained high, impacting manufacturers.

Samsung Electronics Chair Jay Y. Lee Faces Court Ruling on 2015 Merger

Samsung heir Jay Y. Lee faces an appeals court ruling on a $8 billion merger that prosecutors say was designed to boost his control over Samsung.

The Wine Society faces millions in extra costs: 'Complete lack of joined-up thinking' by Government

The UK's oldest wine club, The Wine Society, faces millions in extra costs due to tax increases, prompting a recruitment freeze, investment cuts, and potential price hikes.

The 'Portability Failure' of 401(k) Retirement Plans

401(k)s Are at a Crossroads - Portability Is a Problem. Here's How to Keep Assets Consistent.

US Labor Market Likely to Show Slower Hiring in January Amid Revisions

The January jobs report is expected to show solid growth, while annual labor market revisions may indicate a more moderate hiring pace in recent years. Data on unemployment claims, manufacturing activity, and consumer spending will also be released. Investors and policymakers will monitor the impact of President Trump's tariff announcements and watch for monetary policy decisions from central banks around the world.

New Tariffs Raise Fears of Price Hikes on Consumer Goods

Trump's new tariffs on Canada, Mexico, and China will lead to price increases on consumer goods. Retailers and economists predict companies will pass down increased costs caused by tariffs onto customers. Electronics, groceries, and apparel are among the most likely products to see price increases.

Volkswagen Sues India Over 'Impossibly Enormous' $1.4 Billion Tax Demand

Volkswagen sues Indian authorities over $1.4 billion tax demand, arguing it contradicts import rules and jeopardizes its $1.5 billion investment in India.

Ackman to reincorporate management company in Nevada

Billionaire investor Bill Ackman is reincorporating his management company in Nevada, following a trend of companies moving out of Delaware.

Oil Tariffs to Raise Gas Prices for U.S. Consumers

Consumers will see higher gas prices due to President Trump's tariffs on Canadian and Mexican oil. The tariffs, meant to address illegal immigration and drug smuggling, will increase costs for refiners, who will likely pass those costs on to consumers.

EU Plans to Hold E-commerce Platforms Liable for Unsafe Products Sold Online

The EU plans to hold e-commerce platforms like Amazon and Shein liable for dangerous or illegal products sold online, requiring them to provide data before goods arrive and ensure compliance with EU requirements.