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Business & Finance

Canada, Mexico and China respond to Trump’s tariffs

Canadian, Mexican and Chinese flags. Nurphoto | Nurphoto | Getty Images U.S. President Donald Trump on Saturday imposed long-threatened tariffs on imports from Canada, Mexico and China — and it didn’t take long for the countries to respond. Trump signed an order slapping 25% tariffs on goods from Mexico and Canada, and a 10% duty […]

Business & Finance

DeepSeek Nvidia chip questions: Singapore responds

Singapore’s Ministry of Trade and Industry (MTI) said in a statement Saturday that it expects U.S. companies to comply with U.S. export controls and local laws, following questions over the chips used by China’s DeepSeek to produce its AI model. Markets were rocked this week after DeepSeek claimed its large language model outperforms OpenAI’s but […]

Business & Finance

Federal Reserve advisor spied for China, DOJ says

A former senior advisor for the Federal Reserve was arrested Friday on charges that he conspired to steal Fed trade secrets for the benefit of China. The data that the advisor John Harold Rogers allegedly shared with his co-conspirators could allow China to manipulate the U.S. market “in a manner similar to insider trading,” according […]

Business & Finance

Manufacturers prepare for higher costs

As President Donald Trump makes plans to impose his first tranche of tariffs on the world Saturday, Chinese manufacturers are bracing for impact. Though Trump is set to take his biggest initial swing at Canada and Mexico with a proposed 25% tariff, the U.S. president still has China on his radar. The White House said […]

Business & Finance

DOJ drops appeal against co-defendants

Walt Nauta, personal aide to former U.S. President Donald Trump who faces charges of being Trump’s co-conspirator in the alleged mishandling of classified documents, walks with Trump during a LIV Golf Pro-Am golf tournament at the Trump National Golf Club in Sterling, Virginia, U.S. May 25, 2023. Jonathan Ernst | Reuters The Department of Justice […]

Business & Finance

General Motors (GM) earnings Q4 2024

DETROIT — General Motors stock fell more than 10% in midday trading Tuesday even as the company beat Wall Street’s top- and bottom-line expectations for the fourth quarter, while forecasting continued strong results for 2025. Concerns of Wall Street analysts on the company’s quarterly earnings call focused on the automaker’s preparation for changes under the Trump […]

Business & Finance

Nvidia is rebounding after biggest market cap loss in history, but it’s a fragile bounce

Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show (CES) 2025, showcasing the company’s latest innovations in Las Vegas, Nevada, USA, on January 6, 2025. Artur Widak | Anadolu | Getty Images Nvidia shares traded higher in the premarket Tuesday, as traders reassessed the implications of a much cheaper-to-build large-language model […]