US-India Relations & Trade - Potential 50% duty on India by the US due to tariff campaign [1] - India's $50 billion exports at risk if relations with the US are not repaired [3] - US is India's biggest customer [3] India-China Relations - India is moving to repair relations with China [1] - Potential for cross-border investments between Indian billionaires and Chinese technology companies [2] - Expect announcements regarding India-China relations at the Modi-Xi Jinping meeting [2] Indian Economic Reform - Modi is proposing lower consumption tax rates [3] - More reforms are promised to boost India's economic growth [2][3]

Postal services across the world are cutting off parcel deliveries to the US as the fast-approaching end of a tariff exception for low-value packages sows chaos in global shipping https://t.co/gQR9boyttz ...

We're going to turn back to the economy now with some breaking news this morning that the US is backing off of massive tariff rate hikes on the European Union. >> Well, all that comes in new earnings reports this week that come from some of the country's biggest retailers. >> All right, for more on what all of this means to your wallet, who better than our own business and data correspondent Brian Ch.Yeah, indeed. This this makes it convenient. We're getting a lot of bang for our buck this morning from you. ...

Swiss exports to the US inched up in July, before President Donald Trump unexpectedly slapped a 39% tariff on the country https://t.co/CRmXYzYv56 ...

Treasury Secretary Scott Bessent said the U.S. is "very happy" with the current tariff situation with China, indicating there likely won't be any immediate changes to the trade truce between the two countries. https://t.co/dCIRX3q3mZ ...

Forbes Daily: Home Depot Warns Of Price Changes Amid Tariff Pressurehttps://t.co/Ni5HCw1YBl https://t.co/hYvsqFBhy2 ...

Treasury Secretary Scott Bessent says the US is “very happy” with its tariff setup with China. But beneath the calm, farmers are feeling the squeeze and new scrutiny of Chinese imports could stir tensions again. Here’s your Evening Briefing. https://t.co/HgmFuW0u8D ...

At Home Depot, it's up 3% today despite a slight miss on the top and bottom lines. It second straight quarter of missing estimates. Investors were encouraged by the company standing by its fullear guidance, expecting comparable sales to rise about 1%.CFO Richard McFale also told CNBC that comp sales in July were up 3.3% from the same quarter in 2024. It's the best monthly comp of the year. So, sticking with retail, Target is set to report earnings tomorrow before the bell.The stock is tracking for its third ...

Core Viewpoint - Crown Crafts, Inc. reported a decline in revenue and earnings for the first quarter of fiscal 2026, primarily due to tariff pressures and inventory management challenges, while the stock has shown a modest gain since the earnings report [1][2][4]. Revenue and Earnings Performance - Crown Crafts posted net sales of $15.5 million, down 4.5% from $16.2 million in the prior-year period [2] - Gross profit decreased by 11.3% to $3.5 million, representing 22.7% of sales compared to 24.5% a year ago [2] - The company reported a net loss of $1.1 million, or $0.10 per share, compared to a net loss of $0.3 million, or $0.03 per share, in the same quarter last year [2] Segment Results - Sales of bedding and diaper bags increased by 8.6% year over year to $6.8 million, while sales of bibs, toys, and disposable products declined by 12.8% to $8.7 million [3] Key Business Metrics - Gross margin slipped by 180 basis points year over year due to higher costs of imported goods from China [4] - Marketing and administrative expenses rose by 10.6% to $4.7 million, increasing to 30.5% of sales from 26.3% a year earlier [4] - Interest expense surged by 180.2% to $0.3 million from $0.1 million in the prior-year period [4] Balance Sheet Overview - Inventories stood at $31.6 million as of June 29, 2025, up from $27.8 million at fiscal year-end [5] - Cash and equivalents declined to $0.2 million from $0.5 million at fiscal year-end [5] - Long-term debt fell to $11.9 million from $16.5 million at fiscal year-end [5] - Shareholders' equity slipped to $37.9 million from $39.6 million at fiscal year-end [5] Management Commentary - Management highlighted tariffs as a key challenge, with CEO Olivia Elliott noting consumer uncertainty and supplier disruption [6] - The Baby Boom acquisition contributed $2.1 million in sales during the quarter [6] - Price increases are being implemented to offset tariff impacts, with full effects expected by the end of September [6] Future Outlook - Management expressed cautious optimism regarding July sales trends and the renewal and expansion of the Disney licensing agreement [7] - CFO Claire Spencer emphasized the company's financial flexibility, with $12.2 million available under its revolving line of credit [7] - Management indicated that restocking by retailers should aid demand in upcoming quarters [11] Other Developments - Crown Crafts declared a quarterly dividend of $0.08 per share, payable on October 3, 2025 [12] - The company announced the extension of its Disney licensing agreement, expanding product categories and geographic reach [12] - Progress has been made in stabilizing the Manhattan Toy brand, with new product lines gaining traction at major retailers [12]

One consultancy reckons that foreign and domestic carmakers have already incurred more than $25bn in tariff obligations on vehicles imported into America so far this year. That is squeezing profits https://t.co/zDhuBgcGbu ...