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Trump Halts Mexico Tariffs Amid Rising Trade Tensions, Domestic Economic Fears
President Donald Trump is reversing course on tariffs against Mexico, stepping back from a trade war he started with the nation's southern neighbor.
In a Thursday, Mar. 6 post on his social media platform Truth Social, Trump said he struck a deal with Mexican President Claudia Sheinbaum to delay tariffs on goods covered by the United States-Mexico-Canada Agreement (USMCA).
The pause will be in effect until Tuesday, Apr. 2.
"I did this as an accommodation, and out of respect for, President Sheinbaum," Trump posted. "Our relationship has been a very good one, and we are working hard, to…
Morgan Stanley Cutting Jobs Due To Uncertain Global Environment, Report Says
Wall Street giant Morgan Stanley will be cutting hundreds of jobs due to an “uncertain global economic outlook,” according to a new report.
Morgan Stanley will be cutting approximately 1,500 jobs - roughly 2 percent of its workforce - impacting employees in technology, operations, sales trading, and research. The New York-based bank currently employees more than 60,000 people.
According to CNBC, in October, Morgan Stanley posted third-quarter profit and revenue figures that beat analysts’ expectations. The company produced $10.1 billion in revenue, exceeding analysts’ estimates by appr…
J.C. Penney To Close More Stores, Lay Off Hundreds Of Employees
J.C. Penney says it will close eight stores in 2018, resulting in 480 job cuts.
This comes after the department store chain shuttered 140 stores in 2017.
The eight stores scheduled for closure this year are:
Hampton Village Plaza in St. Louis, Missouri
Garden State Plaza in Paramus, New Jersey
Sandburg Mall in Galesburg, Illinois
Viking Plaza in Alexandria, Minnesota
Washington Park Mall in Bartlesville, Oklahoma
Cascade Mall in Burlington, Washington
Calexico Store in Calexico, California
Knox Village Square in Mt. Vernon, Ohio
J.C. Penney had announced earlier this week, 600 jobs would …
Macy's To Close Seven Stores, Cut 5,000 Jobs
Department store chain Macy's announced the locations of seven store closures as well as plans to eliminate 5,000 jobs.The latest move comes after a slight uptick in holiday sales in which Macy's reported a 1 percent boost in sales in November and December compared to the same period last year.
Macy's had previously announced it would be closing 11 stores, identifying four. The seven that were not initially identified are:
Miami (Downtown), Miami, FL
The Oaks, Gainesville, FL
Novato (Furniture), Novato, CA
Honey Creek Mall, Terre Haute, IN
Birchwood Mall, Fort Gratiot Township, MI
Fountain…
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