US companies are demanding price cuts from Chinese suppliers to mitigate tariffs — but there’s nothing left to squeeze
Chinese manufacturers are finding little wiggle room to further lower prices for US companies that are trying to mitigate tariffs. To avoid steep price hikes for consumers, US businesses are pressuring their Chinese suppliers to lower prices after President Donald Trump imposed massive tariffs. Those attempts will probably fail, production management companies and supply chain…
A key GOP senator wants to know the ‘end game’ for Trump’s tariff plan: ‘What’s the strategy?’
Sen. Ron Johnson of Wisconsin wants more clarity regarding President Donald Trump’s tariff goals Sen. Ron Johnson, during a Sunday NewsNation interview, raised questions about President Donald Trump’s tariff strategy, arguing that he wanted to know the commander in chief’s “endgame.” “One thing I learned in the private sector is unpredictability can work pretty well…
I turned $100K in savings into a $1M investment portfolio in 10 years. Even during a recession, these 3 tactics worked for me.
Financial educator Bola Sokunbi said it’s really important, even if you’re working full time, to have other sources of income. This as-told-to essay is based on a conversation with Bola Sokunbi, a certified financial education instructor, author of the soon-to-be-released “Clever Girl Millionaire,” and founder of Clever Girl Finance based in New Jersey. The following…
A Tesla investor and fund manager explains why the volatility from Trump’s tariffs hasn’t changed his stock picks
“I think it’s too soon to tell if the tariffs will lead the world into a recession,” investor Christopher Tsai said of President Donald Trump’s reciprocal tariffs. President Donald Trump’s on-and-off again tariff announcements have sent the market whipsawing in the past week. But investor Christopher Tsai says the current market volatility has not spurred…
Hermès overtakes Bernard Arnault’s LVMH to become France’s most valuable company
Bernard Arnault is CEO of LVMH. Hermès surpassed arch rival LVMH on Tuesday to become France’s most valuable company after Bernard Arnault’s conglomerate posted sliding first-quarter sales. The Birkin bag maker was worth almost 248 billion euros ($281 billion) in lunchtime trading in Paris after LVMH fell as much as 8%, leaving it valued at…
Hedge fund reveals $105 million short against Trump Media, the owner of Truth Social
President Donald Trump has a controlling stake in the owner of Truth Social. A hedge fund has revealed it’s betting against President Donald Trump’s media company. Qube Research & Technologies disclosed a net short position in Trump Media & Technology Group — representing 2.5% of the Truth Social owner’s outstanding shares — in Germany’s Federal…
Goldman Sachs CEO David Solomon says he’s telling clients to ‘go slow’ and wait for clarity on tariffs
David Solomon, chief executive of Goldman Sachs. “When you get outside of the US and I listen to CEOs, I hear a greater sense of short-term concern, but everyone would like less uncertainty and more clarity,” Solomon told analysts and shareholders in a Monday morning conference call to break down the firm’s first-quarter performance. “My…
Married student-loan borrowers’ monthly payments could surge next month under a new move by Trump’s administration
The Trump administration has suggested married student-loan borrowers could see higher monthly payments. President Donald Trump’s Education Department restored access to student-loan borrowers’ income-driven repayment plans after the American Federation of Teachers sued the administration for taking down the online applications. The plans, however, will look different this time around, Acting Undersecretary James Bergeron wrote…
The latest change you’ll see at Starbucks: a new barista dress code
Starbucks will start requiring baristas to wear black shirts under their green aprons. Store employees will have to wear a solid-color black shirt as well as choosing a bottom half color that’s either black, blue denim, or khaki, the chain said on Monday. It will provide store employees with two free company-branded shirts to help…
