A US trade court has denied a request to suspend a customs process for finalizing import duties while the US Supreme Court decides whether to strike down President Donald Trump’s global tariffs https://t.co/dxXXeC4kLz ...

Investors looking for a Supreme Court decision on President Donald Trump's tariffs may now need to look at next year — but there's one thing they should keep in mind. ...

Core Insights - The holiday shopping season is impacted by high tariffs on imported goods, leading to increased prices and cautious consumer spending [2][4][5] - Retailers are adjusting their product offerings to focus on more profitable items and are experiencing a shift in consumer purchasing behavior [3][6] Group 1: Retail Impact - The Ah Louis Store has transformed into a holiday destination but faces challenges in converting browsers into buyers due to economic factors [1][2] - Retailers are noticing a trend of customers opting for less expensive gift options, indicating a shift towards cautious spending [3][5] - The Gallup index reflecting consumer sentiment has dropped to a 17-month low, with holiday gift budgets decreasing by $229 from October to November [5] Group 2: Tariff Effects on Specific Categories - Toys and games are particularly affected by tariffs, with price increases ranging from 5% to 20% for 80% of inventory, impacting consumer purchasing decisions [7][9] - Consumer electronics, primarily sourced from China, have seen price adjustments due to tariffs, with Best Buy adapting its inventory to attract lower-income shoppers [10][11] - Jewelry prices are rising due to the increasing cost of gold and varying tariff rates, with potential future increases anticipated if tariffs remain in place [13][15] Group 3: Holiday Decorations and Strategic Shopping - Holiday decorations, largely imported from overseas, have also seen price increases due to tariffs, with specific items like red berry stems rising from $8.95 to $10.95 [16][17] - Consumers are advised to consider secondhand stores and discount retailers to avoid tariff-related price hikes, as these outlets often sell leftover stock [18]

Welcome back. Our next guest issued a dissenting vote at last week's big Fed meeting, pushing for even steeper rate cuts. Joining us here at Post 9 in a CNBC exclusive is Federal Reserve Governor Steven Myron.Governor, it's great to have you back at Post 9. Welcome. >> Good day.Thanks for having me back. >> So, I know you just gave this big speech at Columbia about inflation. And before we dive into that, maybe you could just explain why you dissented for even sharper rate cuts when some of your colleagues ...

Welcome back. Our next guest issued a dissenting vote at last week's big Fed meeting, pushing for even steeper rate cuts. Joining us here at Post 9 in a CNBC exclusive is Federal Reserve Governor Steven Myron.Governor, it's great to have you back at Post 9. Welcome. >> Good day.Thanks for having me back. >> So, I know you just gave this big speech at Columbia about inflation. And before we dive into that, maybe you could just explain why you dissented for even sharper rate cuts when some of your colleagues ...

This audio is auto-generated. Please let us know if you have feedback IRobot, a U.S. robotics company once courted by Amazon, will be acquired by Picea, its primary contract manufacturer. The transaction is part of a Chapter 11 restructuring process filed Sunday in U.S. Bankruptcy Court for the District of Delaware.China-based Picea will acquire a 100% equity interest after agreeing to cancel $180 million in first lien claims and $74 million in supply agreement claims. Another $84 million or so in supply c ...

Mexico’s government calculates that new tariffs on Asian goods will only impact inflation by 0.2 percentage points and won’t significantly affect prices of cars imported from nations like China https://t.co/p9PrcYYA6q ...

Core Viewpoint - Whirlpool has faced significant challenges, resulting in a substantial underperformance compared to the S&P 500, but it is positioned to benefit from tariffs in the future [2][9]. Company Performance - Whirlpool's stock has declined by 45% over the past five years, while the S&P 500 has increased by 103% [2]. - The current market capitalization of Whirlpool is $4.4 billion, with a current stock price of $76.94 [3]. - The company has $6.2 billion in long-term debt and has experienced pressure on profit margins and cash flow due to high interest rates and competitive actions from Asian rivals [3]. Financial Guidance - Management reduced the expected EBIT margin from ongoing operations from 6.8% to 5% and revised free cash flow expectations from $500 million-$600 million to $200 million [5]. - The target for debt reduction has been pushed from 2025 to 2026 [5]. Market Dynamics - Asian competitors have aggressively preloaded the market ahead of tariffs, creating a highly promotional environment [6][7]. - With tariffs in place and a slowdown in import volumes, Whirlpool is expected to benefit as 80% of its products sold in the U.S. are domestically manufactured [9]. Future Outlook - A recovery in the housing market, which is anticipated to drive sales of higher-margin domestic appliances, has not yet occurred but is expected to improve as the Federal Reserve cuts rates [10]. - The company could potentially deliver better results for investors in the coming year [10].

Core Insights - iRobot, the company behind Roomba vacuum cleaners, has filed for bankruptcy protection, attributing its downfall to increased competition and rising costs from tariffs [1][2][3] Company Overview - iRobot was founded in 1990 by engineers from MIT, initially focusing on defense and space before shifting to consumer robotics with the launch of Roomba in 2002 [2] - The company achieved a market share of approximately 42% in the U.S. and 65% in Japan for its vacuum cleaners [2] Financial Performance - In the previous year, iRobot generated around $682 million in revenue but faced pressure to lower prices and increase development spending due to fierce competition from rivals like Ecovacs Robotics [3] - The company's valuation plummeted from $3.56 billion in 2021 to just $140 million at the time of the bankruptcy filing [4] Tariff Impact - iRobot's manufacturing in Vietnam was significantly affected by a 46% import duty imposed under President Trump's tariff regime, leading to an increase in costs by $23 million in the current year [2] Bankruptcy Details - iRobot owes $352 million to its main supplier, Shenzhen Picea Robotics, with $91 million of that amount being past due [5] - As part of the bankruptcy proceedings, Shenzhen Picea Robotics will acquire 100% of iRobot's equity interest, allowing the company to continue operations [5]

iRobot has ‘faced challenges arising from external market conditions’ - Olga Yastremska/Alamy The robot vacuum maker behind Roomba is being taken over by a Chinese company after Donald Trump’s tariffs helped tip it into bankruptcy. iRobot, which popularised the robot vacuum cleaner, said it had agreed a sale to manufacturing partner Picea that would secure its future. The company had been valued as high as $4.5bn (£3.4bn) almost five years ago but was hit hard by cheap Chinese competition. A deal to s ...