India’s goods exports to the US, its largest foreign market, plunged 20% in September and 37.5% over four months as Washington’s 50% tariffs took hold, including a 25% penalty tied to Delhi’s Russian oil purchases. GTRI said labour-intensive sectors—textiles, gems and jewellery, engineering goods and chemicals—were hardest hit. Shipments fell...
Ontario Premier Doug Ford called for economic retaliation against the U.S. after Stellantis decided to move planned Jeep Compass production from Brampton, Ontario, to Illinois as part of a $13 billion U.S. expansion. Blaming U.S. President Donald Trump, Ford urged tariffs if Prime Minister Mark Carney cannot secure a deal....
United Airlines forecast fourth-quarter earnings of $3 to $3.50 a share, above the $2.86 analysts expected, after a rocky start to 2025. Leaning into growth, it lifted third-quarter capacity 7% even as unit passenger revenue slipped 3.3% domestically and 7.1% internationally; loyalty sales rose 9%. For the quarter ended Sept....
A round of layoffs swept NBC News on Wednesday, eliminating about 150 jobs — roughly 2% of the NBC News Group — ahead of Comcast’s spinoff of Versant. The cuts spanned the division, driven by NBC News ending newsgathering for CNBC and MSNBC and wider headwinds in the media economy....
Finance chiefs from the Group of Seven will weigh a joint response to China’s planned move to control the global supply of rare earths, officials said Wednesday. Germany’s finance minister, Lars Klingbeil, told reporters the G-7 meeting later today will discuss a common approach and potential targeted measures, while warning...
With less than a day before new U.S. port fees take effect, the U.S. Trade Representative imposed an extra 150% tariff on Chinese-made cranes and other cargo-handling gear—stacking prior duties to as high as 270%—and shifted roll-on/roll-off vessel fees to a net-tonnage basis. Fees begin Oct. 14, with payments deferrable...
Goldman Sachs will acquire San Francisco-based Industry Ventures, a venture capital firm with $7 billion under supervision, for $665 million in cash and equity, plus up to $300 million tied to performance through 2030. Aimed at strengthening Goldman’s $540 billion alternatives platform, the deal is expected to close in the...
Doug Lebda, founder and CEO of LendingTree, died Sunday in an ATV accident at age 55, the online loan marketplace said. The Charlotte-based company praised him as a visionary whose drive transformed the financial services landscape. Founded in 1996, LendingTree launched in 1998, went public in 2000, was acquired by...
Quantum-computing stocks jumped Monday after JPMorgan Chase named the sector among targets for a new investment push. The bank said it will deploy up to $10 billion across supply chain and advanced manufacturing, defense and aerospace, energy technology, and frontier and strategic technologies — including quantum. Arqit Quantum, D-Wave Quantum...
Wall Street rebounded Monday after President Donald Trump dialed back his tariff threats against China, posting “it will all be fine” and urging calm. The S&P 500 rose 1.3%, recouping nearly half of Friday’s worst-since-April slide; the Dow gained 483 points, or 1.1%, and the Nasdaq added 1.8% by 10:45...
