Trump’s Tariffs Blocked by Senate
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China’s leader agreed to delay restrictions on rare earth minerals for a year and buy more soybeans, Trump said after a meeting designed to calm trade tensions.
The US president says: "On the scale from zero to 10, with 10 being the best, I would say the meeting was a 12." Beijing says the results were "hard won".
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Chocolate's reign over Halloween is under threat from inflation, tariffs and high cocoa prices
Chocolate prices soar nearly 30% this Halloween, pushing shoppers toward gummies and sour treats as cocoa costs and inflation haunt candy aisles.
Automakers have been paying billions of dollars in tariffs on imported cars, parts and materials. But on earnings calls this month, some carmakers reported that they're performing well anyway.
Trump's long-awaited meeting with the Chinese president. A 50-year pattern of sex abuse, silence and cover-up in the world's largest Pentecostal denomination. And Hurricane Melissa's death toll rises as it causes more destruction in the Caribbean.
Zach Negin owns a small business in Los Angeles. He said tariffs have affected the industry, but thinks his bar will make it through.
For FY25, earnings are now expected to be between $0.56 and $0.66 per share, down from earlier guidance of $0.66 and $0.70 per share, and below the $0.67 estimate. Net sales are now expected to decline by 4.5% to 5% from down 2% to down 3%, previously. This translates into net sales of $7.20B and $7.24B, below the $7.35B estimate.
China has reported its factory activity contracted for a seventh straight month in October, reflecting pressure from higher U.S. tariffs and sluggish domestic demand