Chipotle Mexican Grill said Tuesday that it does not expect costs to rise much if tariffs on key imported ingredients go into effect next month, noting that only about half of its avocados come from Mexico. A day earlier, President Donald Trump paused his plans for 25% tariffs on Mexican and Canadian imports. If implemented after the one-month suspension, imports such as avocados ...
Amazon long ago passed Walmart in terms of market cap, but the e-commerce giant is finally poised to leapfrog its brick-and-mortar rival by another key metric: revenue. For the past dozen years, Walmart held the distinction of being the top revenue generator each quarter. In 2012, it overtook oil giant Exxon Mobil, according to LSEG senior research analyst Tajinder Dhillon. Walmart remained in the ...
China has blacklisted the owner of Calvin Klein and Tommy Hilfiger, which could force the company to shut down stores and manufacturing in an early repercussion of President Donald Trump’s trade war. China added PVH Corp. to its “unreliable entities” list on Tuesday, which allows the Chinese government to fine the retailer, prohibit import and export activities, revoke work permits, and deny employees ...
A bipartisan congressional bill is being introduced to ban China’s DeepSeek artificial intelligence software from government devices. U.S. Reps. Darin LaHood, R-Ill., and Josh Gottheimer, D-N.J., are introducing the legislation on national security grounds, saying the company’s technology presents an espionage risk. “The technology race with the Chinese Communist Party (CCP) is not one the United States can afford to ...
President Donald Trump and his supporters have heralded his use of tariff threats to extract concessions on drug trafficking and border security from Canada and Mexico. Yet, experts say, some of the measures agreed to by America’s two largest trading partners and close allies are less substantial than what has been trumpeted. Trump announced the 25% tariffs on the two ...
President Donald Trump’s daughter-in-law Lara Trump will host a weekend show on Fox News, the news channel announced Wednesday. ‘My View with Lara Trump’ is expected to premiere Feb. 22 and air at 9 p.m. ET Saturdays, taking the spot of ‘One Nation with Brian Kilmeade.’ Kilmeade’s show will move to 10 p.m. ET Sundays, Fox News Channel said in ...
All Quiksilver, Billabong and Volcom stores in the United States will close after their operator filed for bankruptcy protection. Altogether over 100 stores for the brands, that sell apparel for skaters, surfers and snowboarders, will close their doors. Liberated Brands filed a voluntary petition for Chapter 11 bankruptcy protection Sunday in U.S. Bankruptcy Court in Delaware. “The Liberated team has ...
Thousands of protesters in Bangladesh took out their anger at exiled former Prime Minister Sheikh Hasina on Wednesday by destroying a family home that came to symbolize the country’s independence — and now, they say, the authoritarianism they believe she led. The attack was sparked by a speech Hasina planned to give to supporters from exile in neighboring India, where ...
Philippine Vice President Sara Duterte was impeached Wednesday on a range of accusations that include plotting to assassinate the president, large-scale corruption and failing to strongly denounce China’s aggressive actions against Filipino forces in the disputed South China Sea. The move by legislators in the House of Representatives, many of them allies of President Ferdinand Marcos Jr., deepens a bitter ...
Scientists in Australia have successfully produced the world’s first kangaroo embryo through in vitro fertilization, or IVF, a feat they hailed as a “ground-breaking achievement” that could one day help save endangered species. The research could be pivotal for Australia’s conservation efforts, given the country’s urgent need to protect its endemic species after having one of the world’s worst extinction ...