China is currently in discussions with the European Union regarding the planned tariffs for imported Chinese electric cars. The European Commission had previously stated that if talks did not progress favorably, additional duties on imported Chinese EVs would be implemented on July 4th. The Ministry of Commerce in China expressed their desire to come to
The market for initial public offerings in Hong Kong is expected to see significant improvements over the next five years, especially starting in the second half of this year, according to George Chan, global IPO leader at EY. Despite facing challenges such as high U.S. interest rates, regulatory scrutiny, slower economic growth, and U.S.-China tensions
In recent years, cybercriminals have been increasingly targeting wealthier individuals by exploiting their emotions through what is known as romance scams. These scams involve building a relationship with the victim, gaining their trust, and then persuading them to provide access to their financial accounts or even transfer money directly to the criminal. According to Tracy
The American Reshoring ETF (RSHO) is not just another exchange-traded fund; it is a bet on the potential resurgence of U.S. manufacturing jobs. With a focus on industrials, the CEO and founder of Tema ETFs, Maurits Pot, believes that the trend of reshoring and job creation is just beginning. The ETF was launched in May
Constellation Brands recently reported an earnings beat that was primarily fueled by the strength of its beer business. However, the company’s shares took a hit, falling 4% despite an initial upward movement. This disappointing performance can be attributed to ongoing concerns over the weakness in Constellation’s wines and spirits segment. Comparable net sales for the
Ford experienced a 1% increase in sales during the second quarter of the year compared to the same period last year. The key driver of this growth was a 5% increase in truck sales. The total truck sales, including pickups and vans, reached an impressive 308,920 vehicles, marking the company’s best second-quarter performance in this
As many retirees approach the age of withdrawing funds from their retirement savings, the topic of taxes becomes increasingly important. Surprisingly, only a small percentage of Americans have a concrete plan to reduce taxes on their retirement savings, according to a study conducted by Northwestern Mutual. This lack of preparation can lead to potential financial
Bad weather is often cited as a common reason for flight delays. However, the reality is that a thunderstorm hundreds of miles away can still disrupt flights even in clear and sunny conditions. The Federal Aviation Administration may issue ground stops to prevent traffic from departing for a specific airport to prevent facilities from becoming
China has established itself as a dominant player in the global supply chain for many critical minerals, including tungsten. This metal, known for its hardness and energy density, plays a crucial role in various industries such as weapons, automobiles, electric car batteries, semiconductors, and industrial cutting machines. Major companies like Taiwan Semiconductor Manufacturing Company and
A recent development in the media industry has caught the attention of many as media mogul Barry Diller, through his company IAC, is considering acquiring National Amusements Inc. which is owned by Shari Redstone. This move, if materialized, could potentially give IAC a controlling stake in Paramount. The news of Diller’s interest comes after National