Companies > New York

New York blazer company takes a hit from U.S.-China tariffs

12 days ago   |   By Reuters

Marko Andrus, owner of New York-based BASK Pool Supply, partnered with a factory in China to produce high-end terry cloth blazers and says a new set of tariffs will hurt his bottom line. Jillian Kitchener has more.
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Stocks rise on trade truce bets; lira shaken by Turkey move on Syria

12 days ago   |   By Reuters

Stocks gained on Wednesday on a report that China could yet agree to a partial trade deal with the United States despite recent tensions, while the prospect of a last-minute Brexit agreement between the European Union and Britain seemed as remote as ever.
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Wall Street advances on renewed trade deal optimism

12 days ago   |   By Reuters

Tech stocks led Wall Street into the black on Wednesday, capping a three-day losing streak as a report that China was open to a partial deal heartened investors ahead of high-level trade negotiations.
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One measure shows Americans have paid an extra $34 billion in tariffs since the start of the trade war with China

One measure shows Americans have paid an extra $34 billion in tariffs since the start of the trade war with China

12 days ago   |   By Business Insider

Americans shelled out tens of billions of dollars in tariffs over the past year and a half.
Businesses and consumers in the US have paid an additional $34 billion in tariffs from the time the trade war started in February of last year through August 2019, according to one analysis.
Tariff collections are expected to increase in the coming months as the Trump administration attempts to pressure China to change trade practices seen as unfair.
Visit Business Insider's homepage for more stories .
As President Donald Trump escalated a trade dispute with China over the past year and a half...
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One measure shows Americans have paid an extra $34 billion in tariffs since the start of the trade war with China

One measure shows Americans have paid an extra $34 billion in tariffs since the start of the trade war with China

12 days ago   |   By Business Insider

Americans shelled out tens of billions of dollars in tariffs over the past year and a half.
Businesses and consumers in the US have paid an additional $34 billion in tariffs from the time the trade war started in February of last year through August 2019, according to one analysis.
Tariff collections are expected to increase in the coming months as the Trump administration attempts to pressure China to change trade practices seen as unfair.
Visit Business Insider's homepage for more stories .
As President Donald Trump escalated a trade dispute with China over the past year and a half...
Read more ...

 

Tech stocks lift Wall Street as reports brighten hopes of trade deal

12 days ago   |   By Reuters

Wall Street rose for the first time in three sessions on Wednesday with technology stocks providing a boost, as a report that China was open to a partial trade deal soothed investor nerves ahead of high-level talks on Thursday.
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Low expectations for trade talks: 'If you're looking for good news, they didn't cancel the trip'

12 days ago   |   By CNBC

China and the U.S. resume trade talks Thursday, and strategists say the best outcome could be a postponement of the next round of tariffs.
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An iconic spice brand is spending more money on Facebook ads calling for Trump to be impeached than any Democratic candidate

An iconic spice brand is spending more money on Facebook ads calling for Trump to be impeached than any Democratic candidate

12 days ago   |   By Business Insider

Penzeys Spices - the largest independent spice company in the US - reportedly spent $92,000 on Facebook impeachment ads in a week, more than any Democratic candidate or organization.
CEO Bill Penzey is a vocal critic of President Trump.
"he Republican Party's been hijacked by the one-two combo of unlimited political spending and foreign forces seeking to end the very concept of government of, by and for the people," Penzey wrote on the spice company's Facebook page last week.
Visit Business Insider's homepage for more stories.
A spice brand is out-spending Democratic candidates in the push...
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Wall Street gets tech boost as reports bolster hopes of trade deal

12 days ago   |   By Reuters

Wall Street rose on Wednesday on the back of gains in technology stocks, as investor sentiment was boosted by reports indicating an ease in trade tensions between the United States and China ahead of pivotal talks on Thursday.
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Oil rises on signs of warming U.S.-China tensions, military action in Syria

12 days ago   |   By Reuters

Oil prices rose on Wednesday following media reports that China was open to a partial trade deal with the United States and after Turkey launched a military operation in northern Syria, but a build in U.S. crude inventories limited gains.
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Industry Groups Say Yes To Trade Reform, But No To New Auto Tariffs

12 days ago   |   By Forbes

Some auto industry groups want to see China and other trading partners reform their trade practices, but the groups oppose new tariffs as a tactic to gain concessions.
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China is reportedly open to a partial trade deal with the US - but only if Trump scales back planned tariffs

China is reportedly open to a partial trade deal with the US - but only if Trump scales back planned tariffs

12 days ago   |   By Business Insider

China appeared to ease its tone toward the US ahead of high-stakes trade talks set to take place at the end of the week.
Bloomberg reported early Wednesday that China would still be open to a limited trade deal if President Donald Trump were to back down from the scheduled tariff escalations he announced in recent months.
Trump would be unlikely to accept a long-term deal without Chinese concessions on structural issues, a White House official told Business Insider.
Visit Business Insider's homepage for more stories .
China appeared to ease its tone toward the US ahead of high-stakes trade...
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Under Armour climbs after founder Kevin Plank steps down as CEO

Under Armour climbs after founder Kevin Plank steps down as CEO

Under Armour announced Tuesday that CEO Kevin Plank will step down. Current chief operating officer Patrik Frisk will replace him in the top spot on January 1, 2020 . Shares of... Read more ...

18 high-paying seasonal jobs that are hiring now

18 high-paying seasonal jobs that are hiring now

Black Friday and the holidays are quickly approaching - and with increased in-store and online purchases comes an added need for retail employees across all divisions. Some... Read more ...

2 pregnant cofounders raised $9 million for a startup that tackles a...

2 pregnant cofounders raised $9 million for a startup that tackles a universal problem for millennial parents

Finding childcare is a chore for many parents. A startup called Winnie helps them search for preschools and daycares nearby. The online marketplace aggregates data from... Read more ...

Billionaire Ken Fisher's losses hit $1.8 billion after Fidelity reportedly...

Billionaire Ken Fisher's losses hit $1.8 billion after Fidelity reportedly drops him following his sexist comments

Billionaire money manager Ken Fisher has lost close to $1.8 billion in client funds after making sexist comments at a recent conference, according to CNBC . Asset manager... Read more ...

Nearly 60% of the world's banks wouldn't survive an economic downturn...

Nearly 60% of the world's banks wouldn't survive an economic downturn, McKinsey says

Nearly 60% of the world's banks aren't strong enough to survive a downturn. The banks' returns on equity are too low relative to their costs, McKinsey & Company said in a new... Read more ...

Pizza Hut is testing a new round pizza box that looks like a spaceship and...

Pizza Hut is testing a new round pizza box that looks like a spaceship and is meant to keep pizza fresher

Pizza Hut is testing new round pizza boxes on Wednesday at a restaurant in Phoenix, Arizona. The pizza boxes, made by food startup Zume , were designed to keep pizza hotter... Read more ...

China has overtaken the US to have the most wealthy people in the world

China has overtaken the US to have the most wealthy people in the world

China has overtaken America as the home of the highest number of rich people in the world. There are 100 million Chinese among the richest 10% of people in the world, compared... Read more ...

How the Internet of Things will transform consumerism, enterprises, and...

How the Internet of Things will transform consumerism, enterprises, and governments over the next five years

The Internet of Things is fueling the data-based economy and bridging the divide between physical and digital worlds. Consumers, companies, and governments will install more... Read more ...

Signal AI raises $25 million to automate reputation management and monitoring

Signal AI raises $25 million to automate reputation management and monitoring

Signal AI , a startup leveraging AI to automate business intelligence and media monitoring tasks, has raised over $25 million. Read more ...

5G Meets AI: NVIDIA CEO Details ‘Smart Everything Revolution,' EGX for Edge...

5G Meets AI: NVIDIA CEO Details ‘Smart Everything Revolution,' EGX for Edge AI, Partnerships with Leading Companies

The smartphone revolution that's swept the globe over the past decade is just the start, NVIDIA CEO Jensen Huang declared Monday. Next up: the “smart everything revolution,”... Read more ...