American Eagle Withdraws Annual Targets, Writes Down Spring, Summer Inventory American Eagle Outfitters Inc. recently made a significant announcement that sent ripples through the retail industry. The popular apparel maker has decided to withdraw its annual targets due to the unprecedented challenges posed by the ongoing global pandemic. In addition to this strategic shift, the […]
US and China agree to 90-day truce in trade war started by Trump
US and China Reach 90-Day Truce in Trade War Initiated by Trump The U.S. and China have reached a deal to temporarily slash tariffs in an attempt to de-escalate the ongoing trade war that was initiated by President Trump. This 90-day truce comes as a relief to many businesses and industries that have been caught […]
They’re called rare earths. The name’s a lie but the scarcity isn’t
Rare Earth Elements: Uncovering the Truth Behind Their Name and Scarcity When Swedish lieutenant-turned-rockhound Carl Axel Arrhenius picked up an odd black stone near the village of Ytterby, little did he know that his discovery would pave the way for a group of minerals that would revolutionize modern technology. These elements, known as rare earths, are anything […]
Jeweller Pandora Trims 2025 Profitability Guidance, Warns of US Tariff Impact
Pandora, the renowned jeweler known for its exquisite charm bracelets, has recently made headlines by adjusting its profitability guidance for the year 2025. The company, which has been a staple in the jewelry industry for years, is now expecting a profit margin of around 24 percent, a slight decrease from its initial estimate of 24.5 […]
Trump eases auto tariffs amid industry concerns
Trump Eases Auto Tariffs Amid Industry Concerns In a move that has been welcomed by major players in the automotive industry, President Trump recently announced a rollback of auto tariffs. Ford, GM, and Stellantis have all expressed their approval of this decision, seeing it as a positive step forward. However, despite this progress, there are […]
Nvidia hit by the new US export rules
Nvidia Faces Setback as US Government Imposes Indefinite Export Restrictions on H20 Chips Nvidia, a prominent player in the technology industry, is currently grappling with a significant challenge. The US government has recently imposed indefinite restrictions on the export of Nvidia’s H20 chips. This unexpected development has sent shockwaves through the company and the market […]
Trump eyes tariffs on semiconductors in push to boost US tech manufacturing
Trump Eyes Tariffs on Semiconductors in Push to Boost US Tech Manufacturing In the ever-evolving landscape of global trade and technology, the United States finds itself at a crucial crossroads. With the battle over tech dominance intensifying, President Trump has set his sights on a new target: semiconductors. This move, aimed at boosting US tech […]
Tech stocks rally after Trump halts tariffs
Tech Stocks Soar as Nasdaq Records Best Day in Decades Tech stocks experienced a significant surge as the Nasdaq jumped over 12% in its best performance in decades. This impressive rally comes in the wake of the Trump administration’s decision to temporarily halt trade tariffs. The market reaction to this news underscores the crucial role […]
Fashion Stocks Soar After Trump Pauses Tariffs on All Countries But China
Fashion Stocks Soar After Trump Pauses Tariffs on All Countries But China The recent decision by President Trump to temporarily impose a universal 10 percent tariff on all countries except China has sent shockwaves through the fashion industry. While the higher levies initially announced caused concern among investors and experts alike, the revised tariffs have […]
The Debrief | Trump’s Tariffs Change Everything
The Debrief | Trump’s Tariffs Change Everything The recent implementation of tariffs by Donald Trump has sent shockwaves through the fashion industry, impacting everything from consumer behavior to global supply chains. Sustainability correspondent Sarah Kent and luxury correspondent Simone Stern Carbone have weighed in on the far-reaching implications of this historic decision. Let’s delve into […]