Aluminum Industry Implores Trump for Tariff Exceptions for Canada
Top Stories:
* Washington: President Donald Trump imposes 25% tariffs on steel and aluminum imports, impacting major supplier Canada.
* Influence Marketing: Tariffs disrupt influencer campaigns for fashion brands Halara and Shein.
* Economic Impact: S&P 500 firms face potential 8% earnings decline from retaliatory tariffs.
Business Headlines:
* Coffee Prices Rising: Supply disruptions and shortages drive up coffee costs.
* Video Game Stocks Surge: Anticipation for upcoming releases boosts industry shares.
* Hedge Fund Insights: Former portfolio managers provide rare glimpses into top funds through podcasts and consulting.
Tech News:
* Meta's Layoffs and Hiring Surge: Despite job cuts, Meta expedites hiring of engineers in machine learning.
* AI in the Workplace: Gen Z workers embrace AI for assistance and automation.
* Elon Musk and Sam Altman Clash: Musk's unsolicited offer to acquire OpenAI meets resistance from CEO Altman.
Businessupdates:
* Federal Workers Buyout Plan Paused: Resignations remain low, but economists project possible labor market impact.
* Fox Rekindles Ties with Ex-Stars: Fox Corp. acquires podcasting company handling production for former Fox News hosts.
* TikTok Shop Challenges Amazon: Subscription feature tests recurring product deliveries and revenue generation for sellers.
Upcoming Events:
* Trump hosts King of Jordan at White House
* Fed Chair Powell testifies before Senate Banking Committee
* Senate Finance Committee hearing on Trump's nominee for US trade representative