Boeing Starliner crew spacecraft losses total $2 billion
Boeing spacecraft Starliner is seen from the window of SpaceX’s Dragon capsule “Endeavour” on July 3, 2024, while docked with the International Space Station during the crew flight test. NASA Boeing has lost more than $2 billion and counting on its Starliner spacecraft after a rough year in which the capsule’s first astronaut flight turned […]
PepsiCo (PEP) Q4 2024 earnings
Bottles of Pepsi soda are seen on display at a Target store on February 09, 2024 in the Flatbush neighborhood of Brooklyn borough New York City. Michael M. Santiago | Getty Images PepsiCo reported mixed quarterly results on Tuesday as demand for its snacks and drinks fell in North America for the fifth straight quarter. […]
Oil prices fall after U.S. imposes tariffs on China, Beijing retaliates
Oil futures fell Tuesday morning, losing ground as the U.S. implemented an additional 10% tariff on China imports and Beijing retaliated with measures of its own.
Trump’s threatened tariffs might not hit clothing retailers much now, but analysts warn price increases could backfire
Lots of clothes on store shelves could get a bit more expensive if new tariffs announced by President Donald Trump over the weekend eventually take hold. But after three years of price increases and higher costs of living, some Wall Street analysts say shoppers might be too worn out to buy any of it.
Trump tariffs could raise drug costs, worsen shortages
Shana Novak | Stone | Getty Images President Donald Trump’s steep tariffs on Canada, Mexico and China could worsen existing drug shortages in the U.S., raise health-care costs for patients and threaten cash-strapped generic drugmakers, some drug trade groups warn. Trump on Saturday announced he would impose a 25% tariff on nearly all goods shipped […]
Buying a house amid the trade war? Here’s what to expect from mortgage rates.
The chaos of the trade war could have big implications for the housing market.
Construction and home costs could rise
The U.S. housing market was already struggling under the weight of high mortgage interest rates, a low supply of existing homes for sale and historically high home prices. Now tariffs on building materials are adding even more pressure. About 30% of softwood lumber consumed in the U.S. is imported, largely from Canada. Wallboard, known as […]
U.S. booze stocks tumble as Canada prepares to retaliate against Trump tariffs
Constellation Brands led a selloff of U.S. alcohol stocks on Monday as Canada retaliated against Donald Trump’s tariffs.
‘How do I shield my retirement savings?’ I’m worried they won’t have time to recover from Trump’s trade war
“I’ve been in the nonprofit world my entire career, so my 403(b) is less than $500,000.”
Trump tariffs could threaten Hollywood production, box office recovery
The Hollywood sign in Los Angeles on Jan. 22, 2024 Mario Tama | Getty Images News | Getty Images LOS ANGELES — President Donald Trump just picked a fight with Hollywood’s best friend. Known as Hollywood North, Canada has been a bustling production hub for American film and television series for decades. In addition to […]
