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Tag: Donald Trump

At least 150 companies have warned investors

David Paul Morris | Bloomberg | Getty Images About 150 publicly traded companies have warned investors of the threat COVID-19 poses, with several anticipating they’ll miss guidance for the March quarter.  The new coronavirus was first discovered in December in China. At first, several companies had to suspend their supply chains or temporarily close brick-and-mortar …

At least 150 companies have warned investorsRead More

Amazon, Retail News, ET Retail

Washington, In a damning attack against President Donald Trump, Amazon has alleged in its complaint — filed against the US government’s decision to award $10 billion Pentagon Cloud project to the “less competitive” Microsoft — that Trump abused his position to put “improper pressure” on decision-makers for personal gains and show his hatred towards Amazon …

Amazon, Retail News, ET RetailRead More

Trump aides hold daily meetings on vaping as White House scrambles to formulate policy

From left: White House counselor Kellyanne Conway speaks to Senator Mitt Romney (R-UT) and President Donald Trump, during a listening session on youth vaping and the electronic cigarette epidemic inside the Cabinet Room at the White House in Washington,, November 22, 2019. Tom Brenner | Reuters The White House, grappling with the outbreak of a …

Trump aides hold daily meetings on vaping as White House scrambles to formulate policyRead More

Holiday season off to solid start as 190 million people shop Thanksgiving weekend

Holiday shoppers take part in early Black Friday shopping deals at the Gap store in Times Square in New York. Brendan McDermid | Reuters The holiday shopping season has begun in earnest, with nearly 190 million consumers shopping between Thanksgiving and Cyber Monday, the National Retail Federation said Tuesday. The retail trade group said that’s …

Holiday season off to solid start as 190 million people shop Thanksgiving weekendRead More

French luxury stocks drop as Trump threatens heavy new tariffs

Matthew Lloyd | Getty Images Shares of French luxury goods makers, including LVMH and Hermes, dropped in European trading on Tuesday after President Donald Trump’s administration said it may place heavy tariffs on several goods. LVMH – which includes the brands Louis Vuitton and Hennessy – and Hermes each fell more than 2% following the announcement. …

French luxury stocks drop as Trump threatens heavy new tariffsRead More

Trump to meet with tobacco execs, vaping advocates, health groups

Nick Gregory, a 26-year-old manager, vapes on a JUUL at Botany Bay in Lexington, Ky. Charles Bertram | Tribune News Service | Getty Images Tobacco executives, vaping industry representatives and public health leaders are scheduled to meet with President Donald Trump at the White House on Friday afternoon as the administration weighs banning flavored e-cigarettes …

Trump to meet with tobacco execs, vaping advocates, health groupsRead More

US tariffs on Chinese goods are pesky, but manageable

Ace Hardware CEO John Venhuizen told CNBC on Friday that the ongoing U.S.-China trade war is more of a nuisance than an overwhelming issue. “From our lens, in the short term, they are pesky, they are frustrating, but they are manageable,” Venhuizen said when speaking about tariffs on “Squawk on the Street.” Retailers have been …

US tariffs on Chinese goods are pesky, but manageableRead More

Sharp divides on how to reverse teen vaping epidemic

Senator Mitt Romney (R-Utah) speaks as President Donald Trump listens during a cabinet meeting at the White House on November 22, 2019 in Washington, DC. Brendan Smialowski | AFP | Getty Images President Donald Trump raised his concern about the possible negative consequences of banning flavored e-cigarettes during an at-times hostile meeting on Friday with …

Sharp divides on how to reverse teen vaping epidemicRead More

Walmart, Target CEOs ‘made me feel terrific’ about consumers

Optimism from the CEOs of two of the nation’s biggest retailers, Target and Walmart, show that American consumers are not tightening their belts due to trade tariffs, CNBC’s Jim Cramer said Wednesday. The views expressed by Target CEO Brian Cornell and Walmart CEO Doug McMillon, in CNBC interviews this week, “made me feel terrific,” Cramer …

Walmart, Target CEOs ‘made me feel terrific’ about consumersRead More

Trump’s China trade war losses will never be recovered, shipping data tells us

A cargo chip (L) arrives into the Port of Los Angeles, the busiest container port in the U.S., after departing from the Port of Yantian, China, on November 7, 2019 in San Pedro, California. Mario Tama | Getty Images President Trump announced a month ago that his administration had clinched a trade deal with China. …

Trump’s China trade war losses will never be recovered, shipping data tells usRead More