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...In a meeting with United Steelworkers union members in Pittsburgh on Wednesday, Biden will call on trade representative Katherine Tai to triple the tariff on the imports from the current average of 7.5 per...
...In a meeting with United Steelworkers union members in Pittsburgh later today, Biden will call on trade representative Katherine Tai to triple the tariff on the imports from the current average of 7.5 per...
...Joe Biden, the president, said this week that he wanted to triple tariffs on Chinese steel....
...But less global focus can mean missing out....
...Lumping it in with the Mag 7 was a mistake....
...Today’s top stories US President Joe Biden called for tariffs to triple on Chinese steel and aluminium from the current average of 7.5 per cent in an attempt to boost support among trade union members....
...Tesla’s share in China’s EV and hybrid market segment fell from 7.7 per cent to 6.6 per cent in the first two months of the year, according to the China Passenger Car Association....
...The IMF said on Tuesday that the US economy was on track to grow 2.7 per cent in 2024 — more than triple the pace of the eurozone....
...These two categories make up 7 per cent of core services inflation and have rather scary-looking longer-term charts: There is still a case for optimism....
...S&P Global Ratings said in a report on Thursday that triple C borrowers would “contend with weak cash flow and elevated interest expenses this year”, while “defaults in 2024 [would] largely come from consumer-facing...
...But in an important sense there is only one question that matters, and it’s not about numbers: can Reddit become a global phenomenon on the model of Meta, or even close?...
...The country consumes 94kg of potatoes per head annually, almost triple the global average....
...At Citi, the figure increased nearly 100 basis points to 3.7 per cent. JPMorgan paid a rate of 2.85 per cent, up from 1.85 per cent in the prior-year period....
...The dividend averages about $5mn per shareholder, although some will receive much more, and comes after Trafigura reported record net profits for 2023 of $7.4bn, even higher than the $7bn it made in 2022...
...The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com...
...All this leads to an interesting question: will Mag 7 growth, or Mag 7 value, do better in the next few years?...
...A triple-whammy of high interest rates, low energy prices and trade protectionism aimed at China were all challenges for solar companies, Schröder told me....
...A rapid surge in the rollout of renewable energy last year has put the world within reaching distance of a goal to triple global capacity by 2030, the International Energy Agency said, after China drove...
...Barclays finds that in the week of earnings or a deliveries update, the stock is down 7 per cent on average....
...The decision came alongside plans for 7,500 job cuts as its new chief executive Hein Schumacher tries to deliver on his promise to turn around the performance of one of the world’s largest consumer goods...
...The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music....
...Earnings before interest taxes depreciation and amortisation rose 11.7 per cent to $5.5bn....
...Sachs (who forecasted yesterday’s core CPI reading almost exactly) spots this “January effect” in labour-intensive price categories such as medical services, personal care and daycare, all of which rose 0.7...
...The price continued to be depressed as the global trading day progressed and bitcoin was down 7.2 per cent at the point US markets opened....
...A BlackRock ETF run by the manager’s CIO of global fixed income, Rick Rieder, has led active fixed income ETFs in flows so far this year, garnering more than $2bn....
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