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Toyota's profit plunged 37% in the April-June quarter, the company said Thursday, cutting its full year earnings forecasts largely because of President Donald Trump’s tariffs. The Japanese automaker said it based its report on the assumption that Trump’s
One of US President Donald Trump's highest tariffs is now in effect on Switzerland after President Karin Keller-Sutter wasn't able to secure a revised deal before the deadline set by Trump. The 39% surcharge on exports from Swiss-made luxury watches to
LONDON, August 7 (Reuters) -OPEC+ oil producers have used high summer demand to launch their first output increases in three years, but those targets have proved difficult to hit, leaving the market surprisingly tight. On paper, the world's largest group
(Bloomberg) -- China’s export growth unexpectedly accelerated last month in the fastest gain since April, as demand from around the world compensated for the continued slump in shipments to the US.Most Read from BloombergAll Hail the Humble Speed HumpMayo
TOKYO (Reuters) -Toyota Motor said on Thursday it would build a new vehicle factory in its namesake city in central Japan to start operations in the early 2030s. Production models have yet to be decided, the company said in a statement, along with its fi
President Donald Trump’s new tariff rates on U.S. imports from dozens of countries took effect Thursday, the latest chapter in the saga of Trump’s reshaping of global trade. Trump has threatened tariffs of up to 200% on imports of pharmaceuticals and has
Stability is great, but low-volatility stocks may struggle to deliver market-beating returns over time as they sometimes underperform during bull markets.
While strong cash flow is a key indicator of stability, it doesn’t always translate to superior returns. Some cash-heavy businesses struggle with inefficient spending, slowing demand, or weak competitive positioning.
(Bloomberg) -- Base metals advanced in London as data pointed to surprising strength in China’s overall export activity — an important driver of demand for industrial commodities in the world’s second-biggest economy.Most Read from BloombergAll Hail the H
U.S. Customs and Border Protection agency began collecting the higher tariffs at 12:01 a.m. EDT (0401 GMT) after weeks of suspense over Trump's final tariff rates and frantic negotiations with major trading partners that sought to lower them. Goods loade
LONDON (Reuters) -Caught between rising costs from tariffs and belt-tightening consumers, big retailers are clashing with the producers of consumer brands such as Nivea-maker Beiersdorf and brewer Heineken, as they look to avoid sticker shock that could h
After months of delays and extensions, President Donald Trump’s comprehensive and sweeping tariffs slate took effect Thursday just after midnight ET, shifting his global trade reset into high gear
President Donald Trump just enacted a new wave of tariffs on dozens of America’s trading partners, marking a substantial escalation in ongoing trade tensions that could constitute the biggest change to the global economy in nearly a century.