China is currently in discussions with the European Union regarding the bloc’s proposed tariffs on imported Chinese electric cars. The European Commission issued a statement in mid-June declaring that if negotiations with China did not progress positively, additional levies on Chinese EVs would be implemented as of July 4. According to a press release, these
The initial public offering (IPO) market in Hong Kong is anticipated to experience significant improvement over the next five years, starting from the second half of the current year, as per George Chan, the global IPO leader at EY. Despite facing challenges such as high U.S. interest rates, regulatory scrutiny, slower economic growth, and U.S.-China
In a move towards U.S. manufacturing job resurgence, Tema ETFs CEO Maurits Pot has spearheaded the creation of the American Reshoring ETF (RSHO). Pot believes that the current trend towards deglobalization is just the beginning of a larger shift back towards local manufacturing and job creation in the United States, with a particular emphasis on
Ford’s second quarter sales saw a 1% increase compared to the same period last year, with truck sales leading the way with a 5% gain. The total number of trucks sold during this period reached 308,920 vehicles, marking the best second-quarter performance for this category since 2019. The F-Series, in particular, accounted for 199,463 of
Romance scams have become a growing concern in the world of cyber security, with cybercriminals preying on individuals’ emotions to gain access to their wealth accounts. Tracy Kitten, the director of fraud and security at Javelin Strategy & Research, explains that these scams involve building a relationship of trust with the victim, ultimately leading to
Constellation Brands recently reported an earnings beat driven by the strength of its beer business. The company’s comparable net sales for the quarter ended May 31 increased by 6% year over year, reaching $2.662 billion. Adjusted earnings-per-share (EPS) also saw a 17% increase compared to the same period last year, coming in at $3.57. This
It is a common misconception among retirees to overlook the impact of taxes on their retirement savings until it is time to withdraw funds from their pretax accounts. According to a study by Northwestern Mutual, only 3 in 10 Americans have a concrete plan to reduce taxes on their retirement savings. This can be a
Flight delays are a common frustration for travelers, often leading to missed connections and disrupted plans. While bad weather is a typical culprit, there are many other factors at play. From ground stops issued by the Federal Aviation Administration to mechanical issues and airport congestion, there are various reasons why flights may be delayed. United
Tungsten, a crucial metal in various industries such as weapons, autos, electric car batteries, semiconductors, and industrial cutting machines, is predominantly sourced from China. With its high energy density and durability, tungsten plays a significant role in modern manufacturing processes. Despite its importance, China has not imposed strict restrictions on tungsten exports like it has
In recent years, the Federal Reserve’s efforts to combat high inflation by keeping interest rates high have led to a situation where investors can earn 5% annual percentage yields on savings accounts and other low-risk investments. This has created a sense of security and comfort among investors, especially younger ones with a longer time horizon