Category: United States

Oil Prices Dropped 19%, Helping Drivers, but Squeezing the Industry

Oil prices have fallen sharply this year as global supply remains strong and demand has been slow to grow.
Silicon Valley Has China Envy, and That Reveals a Lot About America

The fascination with China’s ability to build things America struggles with, from bridges to advanced tech, risks a dangerous miscalculation about what drives China.
G.M. to Stop Making Electric Vans in Canada Amid Trump Tariffs

The announcement, which will eliminate about 1,200 jobs, came less than a week after the carmaker Stellantis said it would move production of a new vehicle to Illinois from a Toronto suburb.
Amazon, Snapchat, Roblox and Venmo Are Down: A Partial List of the Sites Affected by Outages

Major services were having issues, including WhatsApp, the official website for the British government and the payment app Venmo.
Australia Could Be a Rare Earths Alternative to China for the U.S.

China’s escalating curbs on the critical minerals has given Australia, a longstanding U.S. ally, the opportunity to reposition itself to a transactional president.
Trump Sets Tariffs on Trucks and Buses

Imported light and heavy trucks will be charged 25 percent and buses 10 percent as of Nov. 1, but President Trump also extended tariff exemptions for auto parts.
Delta and United Are Leaving Other Airlines Behind

Delta Air Lines and United Airlines have accounted for most of the industry’s profits since 2022. Their appeal to wealthy travelers could become a liability if the economy weakens.
China’s Rare Earth Restrictions Aim to Beat U.S. at Its Own Game

Beijing’s latest effort to weaponize global supply chains is modeled on the American technology controls that it has long criticized.
Stellantis, Faced With Trump’s Tariffs, Scraps Plans to Increase Auto Production in Canada

Canadian leaders blame the move by Stellantis, the automaker, to abandon production in Ontario on President Trump’s tariffs. Mr. Trump says he wants to increase domestic production.
Trump’s Trade War With China Catches the World in Its Crossfire

Tariffs and other restrictions between the United States and China are reverberating in unpredictable ways.
Slowing Electric Vehicle Sales Will Cost G.M. $1.6 Billion

General Motors said it would lower its earnings by that amount to mainly reflect the drop in the value of equipment, factories and other assets.
For Uniqlo’s Founder, Conquering America Is Personal

Tadashi Yanai champions the U.S. market as vital for Uniqlo’s growth, but remains deeply concerned about rising American protectionism.