Underneath Armour mentioned on Friday its gross sales decline would worsen this quarter as still-high inflation and tariff uncertainty weigh on demand in North America, sending the sportswear maker’s shares down 17% in premarket buying and selling. Maryland-based Underneath Armour had introduced again founder Kevin Plank as CEO in March final 12 months to reboot…
Key takeaways from Trump tariff announcement Greatest takeaways from Trump’s tariff announcement 09:56 CBS Information is monitoring the rising value of merchandise, together with these almost definitely to be impacted by tariffs imposed earlier this 12 months and new ones introduced by President Trump on August 1, from the price of widespread grocery objects to the…
Employers throughout the U.S. added 73,000 jobs in July, a slowdown from earlier months and an indication the labor market is downshifting. The numbers Hiring was weaker than anticipated by economists, who had forecast payroll positive aspects of 115,000 jobs final month, based on a ballot by FactSet. The unemployment fee rose to 4.2%, up from…
The Federal Reserve’s most well-liked inflation measure — the Private Consumption Expenditures, or PCE — ticked increased final month, signaling that President Trump’s tariffs are pushing some costs increased. Costs rose 2.6% in June in contrast with a 12 months in the past, the Commerce Division mentioned Thursday, up from an annual tempo of two.4%…
The U.S. economic system surged between April and June after shrinking within the first three months of the 12 months, pushed by a big shift in imports tied to President Trump’s commerce insurance policies. By the numbers The nation’s GDP elevated at an annual price of three% within the second quarter, the Commerce Division mentioned…
Dad and mom rush to purchase faculty provides earlier than tariff deadline – CBS Information Watch CBS News The National Retail Federation says more parents than ever are bracing for price hikes and are trying to get ahead of the Aug. 1 tariff deadline by shopping for school supplies in the middle of summer. Ali…
Practically two-thirds of Individuals disapprove of how Trump is dealing with inflation, ballot finds – CBS Information Watch CBS Information A brand new CBS Information ballot finds practically two-thirds of Individuals now disapprove of how President Trump is dealing with inflation — the very best disapproval for him on that topic since taking workplace. Ed…
The Shopper Worth Index in June rose 2.7% on an annual foundation, an indication inflation across the U.S. is creeping up after declining earlier this yr. By the numbers The CPI was forecast to rise 2.7% final month, larger than final month’s price of two.4%, in keeping with economists polled by monetary information agency FactSet….
International backlash grows to Trump’s tariff threats – CBS Information Watch CBS Information President Trump on Thursday threatened to impose a 35% tariff on Canadian items starting Aug. 1. Mr. Trump’s newest salvo got here after he additionally threatened tariffs on various different international locations earlier within the week, together with Japan and South Korea….
McDonald’s is reviving fan favorites, spicing up its menu and emphasizing low-cost gadgets to carry inflation-weary prospects again to the Golden Arches. The world’s largest restaurant chain just lately introduced it was bringing again the favored Snack Wrap, which makes its return to McD’s shops on July 10, together with a brand new, limited-time Spicy…
