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Trump’s ongoing 25% auto tariffs expected to cut sales by millions, cost 0 billion

Trump’s ongoing 25% auto tariffs expected to cut sales by millions, cost $100 billion

Business News

Autoworkers at Nissan’s Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs more than 7,000 people and produces a variety of vehicles, including the Leaf EV and Rogue crossover. Michael Wayland / CNBC DETROIT — As President Donald Trump’s 25% tariffs on imported vehicles remain in effect despite a pullback this week […]

Trump’s ongoing 25% auto tariffs expected to cut sales by millions, cost $100 billion Read More »

GM cutting jobs, idling Canadian electric van plant due to ‘market demand’

GM cutting jobs, idling Canadian electric van plant due to ‘market demand’

Business News

Brightdrop EV600 van Source: Brightdrop DETROIT — General Motors is cutting production of its all-electric BrightDrop delivery vans at a plant in Canada and will idle the facility through much of this year. The plant will be reduced from two shifts to one shift — eliminating 500 jobs — after being idled beginning next month

GM cutting jobs, idling Canadian electric van plant due to ‘market demand’ Read More »

Frontier Airlines cuts flights after travel demand fell in March

Frontier Airlines cuts flights after travel demand fell in March

Business News

Frontier Airlines Nurphoto | Nurphoto | Getty Images Frontier Airlines joined Delta Air Lines in pulling its full-year outlook and cutting flights due to a drop in demand and an “uncertain environment.” The budget airline also lowered its first-quarter outlook. Frontier said its revenue growth likely rose 5% in the first quarter, with capacity up

Frontier Airlines cuts flights after travel demand fell in March Read More »

Mattel and Hasbro stocks notch new lows after Trump’s China tariff escalation

Mattel and Hasbro stocks notch new lows after Trump’s China tariff escalation

Business News

Toys made by Mattel, Hasbro and others are seen at a Macy’s store in New York. Staff | Reuters There’s trouble in Toyland. Toy giants Mattel and Hasbro have seen their stocks battered by President Donald Trump’s escalated trade war with China. On Friday, Mattel shares hit a new 52-week intraday low of $13.95 apiece,

Mattel and Hasbro stocks notch new lows after Trump’s China tariff escalation Read More »

Trump’s immigration policy is weighing on beer sales, Constellation Brands CEO says

Trump’s immigration policy is weighing on beer sales, Constellation Brands CEO says

Business News

Bottles of Corona beer, the flagship brand of Grupo Modelo are displayed in this illustration taken in Monterrey, Mexico, February 18, 2025.  Daniel Becerril | Reuters President Donald Trump’s tariffs aren’t the only presidential policy that is weighing on Constellation Brands. Along with tariffs on Mexican imports, his hardline immigration stance is also hurting the

Trump’s immigration policy is weighing on beer sales, Constellation Brands CEO says Read More »

Amazon CEO Andy Jassy says he believes sellers will pass increased tariff costs on to consumers

Amazon CEO Andy Jassy says he believes sellers will pass increased tariff costs on to consumers

Finance News

Amazon CEO Andy Jassy said Thursday the company is still digesting the impact of President Donald Trump’s sweeping tariffs, but that its vast network of third-party sellers may “pass that cost on” to consumers. “I understand why, I mean, depending on which country you’re in, you don’t have 50% extra margin that you can play

Amazon CEO Andy Jassy says he believes sellers will pass increased tariff costs on to consumers Read More »

As warehouse clubs boom, Walmart-owned Sam’s Club plans to open 15 stores per year

As warehouse clubs boom, Walmart-owned Sam’s Club plans to open 15 stores per year

Business News

Sam’s Club is opening a store in the Dallas area that will require customers to go all digital. Shoppers will use a smartphone app to scan and pay for their own purchases rather than standing in a checkout lane. Sam’s Club DALLAS, Texas — Walmart-owned Sam’s Club plans to supercharge its expansion by opening about

As warehouse clubs boom, Walmart-owned Sam’s Club plans to open 15 stores per year Read More »

Canada’s 25% auto tariffs are in effect. Here’s how they differ from the U.S.

Canada’s 25% auto tariffs are in effect. Here’s how they differ from the U.S.

Business News

Trucks make their way to the Ambassador Bridge to cross into the United States at Detroit on April 1, 2025 in Windsor, Canada.  Bill Pugliano | Getty Images DETROIT — Canada’s 25% auto tariffs took effect Wednesday on U.S.-produced vehicles and many parts in American cars and trucks, but the new levies differ in important

Canada’s 25% auto tariffs are in effect. Here’s how they differ from the U.S. Read More »

Walmart pulls quarterly operating income forecast, citing Trump’s tariffs

Walmart pulls quarterly operating income forecast, citing Trump’s tariffs

Business News

A Walmart Supercenter in Burbank, California, on Nov. 21, 2024. Allen J. Schaben | Los Angeles Times | Getty Images DALLAS, Texas — Walmart on Wednesday pulled its outlook for operating income in the first quarter, citing uncertainty about the potential impact of sweeping tariffs on China, Vietnam and other key sources of goods across

Walmart pulls quarterly operating income forecast, citing Trump’s tariffs Read More »

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