Sweden’s Volvo Cars (VOLCAR-B.ST) is expanding production at its US plant in a move to localize production, deflect tariffs, and build more cars that appeal to buyers in one of its biggest markets. Volvo, wholly owned by China’s Geely, announced on Tuesday that it would bring a fourth vehicle to its production facility located in Ridgeville, S.C. — a next-generation hybrid model designed to meet the “specific demands” of the US market. Volvo offered no details of the new vehicle, but others have surmised ...

Key Takeaways lululemon's Q2 gross margin fell 110 bps y/y to 58.5% on tariffs and higher-than-expected markdowns.Revenues of $2.53B missed estimates, with flat U.S. sales and 3% comps decline offset by global gains.FY25 outlook cut, with gross margin expected to decline 300 bps amid intensifying tariff headwinds.Tariffs have emerged as the biggest profitability drag for lululemon athletica inc. (LULU) , reshaping its margin profile in fiscal 2025. The removal of the U.S. de minimis exemption, which had pre ...

The worst damage to the U.S. economy from the trade wars might be over, but businesses are still adjusting to higher tariff-related costs and a slowdown in customer demand that's causing them to cut back on hiring. ...

By Lucia Mutikani WASHINGTON (Reuters) -U.S. business activity slowed for a second straight month in September, and though firms complained about tariffs increasing costs they were not raising prices for their goods and services, which bodes well for the inflation outlook. The survey from S&P Global on Tuesday suggested that businesses were absorbing most of the import duties and supported some economists' argument that tariffs would not have a lasting impact on inflation. Federal Reserve Chair Jerome ...

Welcome to the program. So we've got a range of topics to work through. First of all, given the Federal Reserve and Chair Jay Powell is in focus later on this afternoon, a man who, of course, you know well, we'd love your reaction to the latest pressure on the Federal Reserve and the daylight, the division within the committee right now and the daylight between the Governor Meyer and coming out of the White House and everybody else.David, what's your reaction to that as it builds through the summer and as w ...

Chicago Federal Reserve President Austan Goolsbee expressed caution Tuesday about lowering interest rates as the U.S. economy grapples with the forces of slower growth and a weaker labor market.While he joined the rest of the Federal Open Market Committee last week in voting to cut the central bank's key borrowing rate, he told CNBC that further moves would depend on economic progress."I'm OK with moving to be in a better spot, and I think eventually, at a gradual pace, rates can come down a fair amount if ...

Investors await earnings from AutoZone and Micron Technology to gauge the impact of tariffs and a slowing labor market. ...

The U.S. government’s renewed embrace of tariffs may be slowing deficits at the margins, but it does little to alter the country’s long-term debt trajectory, according to macro strategist Lyn Alden. Speaking with Scott Melker, host of TheStreet Roundtable, Alden described tariffs as the largest tax increase in decades, one that policymakers have been able to push through by calling it a national emergency. “One of the levers that does somewhat slow it are the tariffs,” Alden explained. “That basically rep ...

The U.S. government is currently collecting tariff revenues at an annualized pace of roughly $350 billion, a “significant” amount, according to Torsten Slok, chief economist at Apollo Global Management. In his typical style, one of brevity and striking charts, Slok added that the figure equates to roughly 18% of annual household income tax payments, underscoring that tariffs are not a marginal tool but a significant revenue source shaping America’s economic and trade landscape. Tariffs—essentially taxes i ...

syahrir maulana/iStock via Getty Images Listen here or on the go via Apple Podcasts and Spotify Courage & Conviction Investing shares why he's in a philosophical state of mind (0:30). Highlighting wins and losses with Green Plains and Cineverse (6:25). Small caps, rate cutting, and tariffs (26:45). Transcript Rena Sherbill: Courage and Conviction Investing, two things we need now more than ever. Welcome back to the show. It's always great to have you. Courage and Conviction Investing: Rena, it's grea ...