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Business News

Location American Business News for 9 April 2025
Trump's Tariff Goal Is to Eliminate Trade Deficits. Economists Have Doubts. Behind Trump's new tariffs is a goal that is as ambitious as it is unrealistic: eliminating the bilateral trade deficit with every U.S. trading partner.
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Luxury Fashion Brands Are 'Biting Their Nails' Over EU Tariffs As tariffs on the European Union take effect, luxury goods makers are "biting their nails" over their treasured "Made in France" or "Made in Italy" products.
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Levi Strauss CEO Michelle Gass says any price hikes related to tariffs will be 'surgical' Levi's said it has a task force looking into effect of Trump's tariffs.
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Even safe-haven assets may not be quite so safe anymore

Business Insider - 9 Apr 2025 15:06
Even safe-haven assets may not be quite so safe anymore Investors often flock to assets such as gold, the dollar and Treasurys in troubled times, but some may be losing their allure amid the market turmoil.
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Delta said it couldn't reaffirm its 2025 financial guidance.
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Treasurys are cratering amid the tariff-induced storm. Here's what's happening with bond markets. A spike in US Treasury bond yields in recent days has sparked market fears that America's safe-haven status could be under threat.
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China Hits Back Again at Trump, Bringing New Tariffs on U.S. Goods to 84% Beijing announced a new round of 50 percent tariffs in response to President Trump's latest levies as the trade conflict between the superpowers escalates.
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Unilever faces investor revolt over new chief's pay package Unilever, the FTSE-100 consumer goods giant behind Marmite and Lynx, is facing an investor backlash over its new chief executive's multimillion pound pay package.
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U.S. Bond Sell-Off is Another Worrisome Echo of the Liz Truss Fiasco Yields on U.S. Treasuries rose Wednesday as investors sold government bonds, usually a haven. In Britain, a sustained version of that trend in 2022 led to a prime minister's downfall.
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Top US companies spent three times as much on buybacks than on taxes after Trump tax cuts - report As president proposes new cuts, data shows 11 corporations collectively recorded nearly $500bn in profits since last cuts Eleven top US consumer goods corporations spent more than three times more on share buybacks than ...
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Trump tariffs could lower Bitcoin miner prices outside US, says mining exec The Trump administration’s sweeping tariffs could collapse US demand for Bitcoin mining rigs, which would benefit mining operations outside the country as manufacturers will look outside the US to sell their surplus in...
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Cal-Maine shares slide after egg giant acknowledges DOJ probe into sky-high prices The egg price increases have put Cal-Maine, which provides around 20% of the nation's eggs, under increased scrutiny. On Tuesday, Cal-Maine said its quarterly sales nearly doubled to $1.42 billion.
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Trump tariffs have small businesses bracing for 'the end,' freezing overseas orders: 'Huge amount of strain' "This is the end of my family business," a clothing manufacturer told The Post.
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Why Trump decided to take the win and paused tariff war Donald Trump finally decided to take the proverbial "win" on trade and the stock market rallied nearly 3,000 points.
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House votes to nullify overdraft, larger participant rules Congressional Review Act resolutions to nullify the Consumer Financial Protection Bureau's overdraft and larger participant rules now go to President Trump for his signature.
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Bitcoin Jumps to $83K After Trump's Surprise Tariff Freeze Triggers $592M in Wipeouts Bitcoin's price climbed to $83,565 on April 9, following a decision by U.S. President Donald Trump to temporarily halt a series of sweeping tariffs for 90 days. The rapid price climb triggered $592.05 million in liquidat...
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Billionaires turn on Trump after tariffs shake stock market Billionaires who once supported President Donald Trump are now reversing course after Trump's tariff announcement shook the stock market.
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AAVE soars 13% as buyback proposal passes among tokenholders Aave’s tokenholders approved a governance proposal to start buying back the decentralized finance (DeFi) protocol’s governance token, AAVE, as part of a broader tokenomics overhaul, Aave said on April 9. The proposal...
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We moved from New York City to a small town in Argentina. People are far more patient with my kids here. We moved from New York City to Salta. My kids come with me everywhere, and are used to being around other kids in public. People are more patient.
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Modelo and Corona owner Constellation Brands beat quarterly earnings and revenue estimates, but its outlook took a hit from U.S. tariffs on most of its beer.
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Eyeball Games will soon launch its 8-ball mobile pool game, Pool Masters, and also unveiled a new collaboration with How to Train Your Dragon.
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Anthropic launches new Claude Max subscription tiers at $100 and $200 monthly, challenging OpenAI's premium offerings while targeting power users who need expanded AI assistant capabilities.
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