Author: arthursheikin@gmail.com
[ad_1] New York CNN — President Donald Trump’s shock-and-awe tariff campaign is off to a slow start when it comes to reviving American manufacturing jobs. While it will take time for the full impact to play out, the early results suggest that not only have tariffs failed to inspire a hiring boom, but the chaotic policy rollout is paralyzing businesses. Economists and trade researchers say the haphazard nature of the trade war is compounding the longer-term pressure on US manufacturing. Even as Trump spiked tariffs to levels unseen in nearly a century, the manufacturing sector lost a combined 14,000 net…
[ad_1] Levi Strauss had a good second quarter, even with tariffs setting in.On Thursday, the jeans brand reported a 6% increase in net revenues in the latest quarter compared to the year before, with sales of $1.4 billion.Its bright spot, in particular, was Europe, which saw a 14% increase in net sales compared to the year before. The company’s stock was up about 6% in after-hours trading on Thursday.Michelle Gass, the company’s CEO, said in Thursday’s earnings call that Levi’s sold its Dockers brand, launched phase three of its Beyoncé campaign, and expanded its tops and outerwear lines last quarter.…
[ad_1] CNN — For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law. The new law lifts what had been a $10,000 cap to $40,000 for tax year 2025 and then adjusts it upward by 1% a year for 2026, 2027, 2028 and 2029. The SALT deduction, as it is known, enables federal income tax filers to deduct either their state and local income taxes or their state and local general sales taxes. On top of that, they are…
[ad_1] CNN — For a potentially serious medical condition, it’s remarkable how few people know they have obstructive sleep apnea (OSA). OSA, in which a person’s upper airway collapses, causing irregular breathing, is the most common sleep-related breathing condition. One study estimated well over 900 million adults between 30 and 69 years old may have it worldwide, though as many as four in five moderate-to-severe cases are undiagnosed. Left untreated, it can increase the risk of high blood pressure, cardiovascular disease, hearth attack, stroke, and type 2 diabetes, and yet untreated is what most cases — diagnosed and undiagnosed —…
[ad_1] New York CNN — Samsung is looking into new wearable devices, potentially including earrings and necklaces, amid an industry-wide push to develop new types of AI-powered consumer electronics. AI could enable a new wave of devices that allow users to communicate and get things done more quickly without having to take out a phone, Won-joon Choi, chief operating officer for Samsung’s mobile experience division, told CNN this week. For Samsung, these types of new devices could be something you wear around your neck, dangle from your ears or slip on your finger. “We believe it should be wearable, something…
[ad_1] Michael Dell says the cost of Meta’s AI hiring blitz won’t just be the eye-watering pay packages being doled out. It will show up in the queue of disgruntled employees lining up outside Mark Zuckerberg’s office, demanding a fair shake.”It’ll be a challenge culturally for sure,” Dell said in an interview on the BG2 podcast with hosts Bill Gurley and Brad Gerstner that aired Thursday.Dell said the unhappiness and resentment Zuckerberg may face from existing employees over their new colleagues’ generous salaries could end up as a distraction for Meta.”People generally have a sense of fairness, right? They want…
[ad_1] Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldTrafigura, Mercuria, Glencore and IXM could reap bumper profits of more than $300mn after shipping record amounts of copper into the US ahead of tariffs on the metal.The commodity traders are at the forefront of a trend in which huge quantities of copper are being brought to the US, where a widening price gap with the international benchmark has created a lucrative arbitrage opportunity.US copper prices surged 13 per cent within minutes of President Donald Trump’s announcement on Tuesday…
[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The author is chief executive of GTS, a market making and proprietary trading firmThe past few years have shown investors that they should expect the unexpected in geopolitics. Russia’s full-scale invasion of Ukraine and the widespread conflict in the Middle East were probably not the base-case forecasts for scenario planning for many.That experience underlines why policymakers, market participants and investors should treat seriously one of the biggest and long-standing geopolitical risks — an invasion of Taiwan by China — and prepare…
[ad_1] Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThere are many reasons to feel confused by current American policy. US President Donald Trump keeps issuing “final” tariff threats — then backing down.The White House wants to create industrial jobs — but is gutting the Inflation Reduction Act that was doing just that, mostly in red states. Scott Bessent, Treasury secretary, wants dollar dominance, but has presided over a 10 per cent fall in its value. And so on.However, if you want to feel more baffled, look at…
[ad_1] This as-told-to essay is based on a conversation with Buz Moffett, 63, who moved from Hawaii to Pohnpei, an island in the Pacific Ocean that’s part of the Federated States of Micronesia, with his wife in 2018. It has been edited for length and clarity.The first time I visited Pohnpei was in 2006. An Australian friend suggested that I check out a surf camp there. He thought I’d love the place — and he was right.The island is stunning, the people are warm, and it offers world-class waves, great fishing, and incredible diving. Over the next 10 years, I…