Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: A U.S.-Europe Trade War Looms Advertisement DealBook Supported by May 30, 2019 Good Thursday morning. (Was this email forwarded to you? Sign up here .) Trade tensions mount between U.S. and Europe President Trump’s attention on trade has largely been focused on China in recent weeks. But there’s a growing sense that he could soon turn his fight to Europe. • The European trade commissioner, Cecilia Malmstrom, reportedly warned E.U. trade ministers that they “should brace” for U.S. tariffs on billions of euros worth of European goods over a dispute about Airbus subsidies, Politico reports. • A 180-day deadline that Mr. Trump had set for negotiations with the E.U. and Japan over car exports “holds to the president’s pattern of steadily … [Read more...] about DealBook Briefing: A U.S.-Europe Trade War Looms
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By David Olive Business Columnist Sun., May 5, 2019 It appears the Trump administration isn’t all that interested in a deal to replace the North American Free Trade Agreement (NAFTA) after all. Last week, White House acting chief of staff Mick Mulvaney was sanguine about the prospect of Congress rejecting NAFTA’s proposed replacement, the United States-Mexico-Canada Agreement (USMCA). “You could stay status quo,” Mulvaney told a California business conference. “Your real Plan Bs are either NAFTA or withdraw from NAFTA.” It might be that U.S. President Donald Trump has reverted to his years-long preference to simply kill NAFTA without replacing it. Trump won’t budge on the reasonable changes that Congressional Democrats seek to make to the USMCA agreement. He also seems determined to keep in place the steel and aluminum tariffs he applied against Canada and Mexico about a year ago. And that alone pretty much … [Read more...] about Time to say goodbye to NAFTA’s replacement?
By Esteban Duarte Bloomberg Mon., March 25, 2019 Canada has joined the U.S. in the inverted yield curve club, signalling a growing risk of recession that may keep Stephen Poloz on hold for his final 14 months as head of Canada’s central bank. The yield on Canada’s 10-year bond dipped to 1.6 per cent Friday, or six basis points lower than the rate on the three-month Treasury bill. That hasn’t happened since 2007, at the start of the financial crisis sparked by a housing crash in the U.S. The so-called inverted yield curves in both the U.S. and Canada reflect concerns that a global economic slowdown will keep the Federal Reserve and the Bank of Canada from raising rates — and may even prompt a rate cut if it worsens. “A rate cut would require signs that the economy is declining,” said Craig Alexander, chief economist at Deloitte Canada, in a television interview with BNN Bloomberg Friday. Still “the inverted yield curve is … [Read more...] about Canada’s inverted yield curve signals holding pattern for head of Canada’s central bank
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: Tesla’s $35,000 Car Will Cost the Company DealBook Supported by March 1, 2019 Good Friday morning. (Was this email forwarded to you? Sign up here .) A $35,000 Model 3 doesn’t come cheap Elon Musk long promised that Tesla would offer a low-cost Model 3 electric car. Yesterday, he finally made good on that promise — but Tesla is making big sacrifices to offer the vehicle. What $35,000 gets you is a Model 3 that can cover 220 miles before needing a charge, along with a cheaper interior than higher-priced versions. The new Model 3 is expected to start shipping in two to four weeks. Tesla expects to sell a lot of them. The announcement led Mr. Musk to raise production estimates to 600,000 cars in 2019. But it will probably post a loss this quarter. Mr. Musk wouldn’t … [Read more...] about DealBook Briefing: Tesla’s $35,000 Car Will Cost the Company
By David Olive Business Columnist Mon., Jan. 7, 2019 1. Gen Z asserts itself Gen Z begins entering the workforce this year. In just two years, Generation Z — people born in the late 1990s and since — will account for about one-third of the workforce. In contrast to millennials, Gen Z is motivated more by challenging workplace projects than money. Surveys show Gen Zers prefer face-to-face over digital contact. Gen Z is also among the most entrepreneurial generations yet. That makes its members a flight risk in regimented workplaces where unorthodox thinking is discouraged. Gen Z is more likely than millennials to prefer private workspaces over open-space layouts. And social-media savvy Gen Zers, accustomed to free flow of information, demand unprecedented managerial candour. Turnover will be high in workplaces that don’t provide it. 2. Modestly pricier food Canadians can expect to pay between 1.5 per cent and 3.5 per cent more for food … [Read more...] about 20 next new things for the business world in 2019