Author: Daniel snow
South_agency | E+ | Getty Images’People don’t know a lot about tariffs’Tariffs are taxes on goods imported from other countries, paid by the entity importing those goods. Businesses in turn often pass the cost of tariffs along to consumers in the form of higher prices.In April, U.S. President Donald Trump enacted sweeping tariffs of varying rates affecting more than 180 countries and territories. Last week, the U.S. and China struck a deal to temporarily suspend most tariffs on each other’s goods. The U.S. also recently unveiled a trade agreement with the United Kingdom. Despite the recent trade agreements and deals, consumers…
A new survey finds companies doubling down on CSR, DEI, and ESG programs but communicating about them less as Trump-led antagonism rises. Source link
A view of the logo of Novo Nordisk at the company’s office in Bagsvaerd, on the outskirts of Copenhagen, Denmark, March 8, 2024. Tom Little | ReutersNovo Nordisk is banking on fresh leadership to help it reclaim the crown in the booming weight loss drug market.The Danish drugmaker on Friday abruptly announced that longtime CEO Lars Fruergaard Jørgensen is stepping down, as its obesity injection Wegovy loses ground to Eli Lilly’s rival treatment, Zepbound. While Eli Lilly entered the market later, it is emerging as the front-runner in a space that some analysts believe could be worth more than $150 billion…
In spite of continued economic uncertainty, Americans are taking to the road—and skies. Source link
After several weeks of sitting stagnant, mortgage rates surged higher Monday following Moody’s decision to downgrade the U.S. credit rating.Bond yields rose after the late Friday announcement, and mortgage rates loosely follow the yield on the 10-year Treasury.The average rate on the popular 30-year fixed loan hit 7.04% on Monday, according to Mortgage News Daily. That is the highest level since April 11.”The average mortgage lender had to account not only for the market movement in Friday’s closing minutes, but also to the additional weakness seen this morning. That makes for a fairly big jump, day-over-day, but it does very…
If you’re looking to hire new talent or overhaul your team’s skills, there are some key AI-related issues to keep in mind. Source link
A general view of shoppers is seen in a retail store in Shanghai, China, on May 10, 2025, as China’s CPI declines in April amid a trade war. Ying Tang | Nurphoto | Getty ImagesChina cut its key lending rates by 10 basis points on Tuesday, as Beijing ramps up efforts to boost its economy at a time when trade tensions threaten to derail growth.The People’s Bank of China trimmed the 1-year loan prime rate to 3.0% from 3.1%, and the 5-year LPR to 3.5% from 3.6%.This marked the first reduction in rates since the central bank’s 25-basis-point cut in…
Your second bite is not just bigger, it also tastes better Source link
Shares of CATL debut in Hong Kong on May 20, 2025. Sopa Images | Lightrocket | Getty ImagesShares of the world’s largest battery manufacturer Contemporary Amperex Technology rose over 17% in their Hong Kong trading debut on Tuesday.Shares were trading at 309 Hong Kong dollars apiece on the Hong Kong stock exchange, compared with the initial public offering price of HK$263 dollars per share. The IPO raised HK$35.7 billion ($4.6 billion) according to a company filing, reportedly making it the largest global listing in 2025. CATL is already listed on on the Shenzhen Stock Exchange, where the shares are down 2.26% so…
Businesses need a consulting model that can keep pace to accelerate transformation. Source link