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Wednesday, July 23, 2025

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Trump announces Philippine trade deal framework with 19% tariffs after meeting with President Marcos Jr.

President Donald Trump said he has reached a trade agreement with Philippine leader Ferdinand Marcos Jr., following a meeting Tuesday at the White House, that will see the U.S. slightly drop its tariff rate for the Philippines without paying import taxes for...

Financial Post

(Bloomberg) — German Chancellor Friedrich Merz is set to roll out the red carpet for French President Emmanuel Macron in Berlin Wednesday evening in an effort to project goodwill between the two leaders amid growing tensions. Read More Source link...

Tesla sales cratered in California for 7 straight quarters while rivals Toyota and Honda surge, report shows

Tesla’s dominance in California—the largest electric vehicle market in the U.S.—is waning. The $1 trillion company led by Elon Musk posted a seventh consecutive quarter of declines in new vehicle registrations even as major competitors like Toyota and Honda saw...

GM’s $1.1 billion tariff hit bolsters mounting evidence that Americans are the ones footing the bill for Trump’s import taxes

General Motors is the latest U.S. auto giant to say tariffs have taken a chunk from their earnings. The company beat earnings expectations on Tuesday, but reported a decline in second-quarter profits, including a $1.1 billion hit as a...

Cheaper AI like China’s DeepSeek are ‘very welcome,’ says Singapore’s digital minister Josephine Teo

Singapore will welcome cheaper models like China’s DeepSeek, says the country’s digital minister, as smaller countries and companies try to explore how to get the benefits from AI without paying exorbitant prices for the tech.Companies considering the use of...

How a mountaintop Chilean winery is harnessing the earth’s energy to disrupt the global wine market

The origin story of Stonevik—the latest introduction from Viña Vik, a pioneering winery neighbored by its sister hotel in central Chile—is rooted some 3,000 feet above sea level, in a mountaintop forest between the Andes and the Pacific, amidst...

Accountants sound the alarm on geopolitics, internal risks

Good morning.Accountants are increasingly concerned about their companies’ ability to sustain margins and lead amid constant change and disruption.For the first time, geopolitics has emerged as the top global risk priority for accountants, according to the Q2 Global...

Stocks hit fresh all-time highs as strong earnings continue to power market rally

U.S. stocks powered higher on Monday as strong earnings overshadowed continued uncertainty on tariffs and the White House’s pressure on the Federal Reserve.The S&P 500 closed up 0.14%, and the Nasdaq rose 0.38%, paring gains after touching new all-time intraday highs....

Scott Bessent turns up the heat on the Fed, demands probe as Powell’s future hangs in balance

Treasury Secretary Scott Bessent sharply escalated his criticisms of the Federal Reserve on Monday, publicly urging a comprehensive investigation into the central bank’s operations and effectiveness. In a news-making interview with CNBC, Bessent questioned whether the Federal Reserve has...
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