President Trump's deal to allow chip exports to China in exchange for cut of revenue could shift trade policy from country-to-country negotiations to company negotiations https://t.co/sZD04q1vkD ...

India will never compromise on the interest of farmers, fishermen and dairy farmers. I know personally I will have to pay a heavy price for it, but I am ready for it. Let's bring in Inu Manak, a Fellow for Trade Policy at the Council on Foreign Relations.And great to have you with us. And, you know, this is another example of President Trump sort of trying to achieve his foreign policy goals through trade policy. Right.Do you think it will be successful, given that we know for India the issue of purchasing ...

Molson Coors slashed its financial outlook for the second time this year, with the brewing company blaming new tariffs on aluminum for mounting cost pressures that are squeezing the already beleaguered beer industry.The Denver-based brewer said Tuesday it expects net sales to tumble between 3% and 4% this year, a steeper decline than the company’s earlier prediction of a 1% drop.Even more concerning for investors, earnings before taxes are projected to plummet 12% to 15%, compared to previous forecasts of o ...

The European Union and Japan should take heart: The advantages of “defeat” in trade policy are often underrated, says @clive_crook (via @opinion) https://t.co/dpc8aL1c7C ...

August 1, 2025 04:37 PM GMT US Economics Weekly | North America It's the unemployment rate The Fed said slower employment growth need not signal weakness so long as labor supply slows by a similar amount, keeping the unemployment rate low. Powell said the unemployment rate is a better gauge of maximum employment than payrolls or growth in economic activity. M Idea Morgan Stanley & Co. LLC Michael T Gapen Chief US Economist Michael.Gapen@morganstanley.com +1 212 761-0571 Sam D Coffin Economist Sam.Coffin@mor ...

August 1, 2025 09:07 PM GMT Bradley.Tian@morganstanley.com +1 212 761-0826 US Public Policy & Economics | North America Tariff Turnaround Key Takeaways Extel Survey: If you've found our research useful this year, we and our colleagues would appreciate your support in the 2025 Extel Global Fixed Income Survey. We are competing in the Global Macro Strategy, Fixed Income Strategy, US Economics, and Municipal Strategy categories. 1) Where is the effective tariff rate now as a result of recent actions? Following ...

Second quarter sales of $172 million, EPS of $(0.12), Adjusted EBITDA of $5.2 millionContinued strong free cash flow generationUpdates full year 2025 guidance NEW ALBANY, Ohio, Aug. 04, 2025 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its second quarter ended June 30, 2025. Second Quarter 2025 Highlights (Results from Continuing Operations; compared with prior year, where comparisons are noted) Revenues of $172.0 milli ...

Financial Data and Key Metrics Changes - The company recorded 3.6 gigawatts of module sales in Q2 2025, exceeding the midpoint of previous forecasts [4] - Q2 earnings per diluted share reached $3.18, above the high end of guidance [4] - Gross margin for the quarter improved to 46%, up from 41% in Q1 [36] - Total balance of cash, cash equivalents, and marketable securities increased to $1.2 billion, up by approximately $300 million from the prior quarter [41] Business Line Data and Key Metrics Changes - Manufacturing output was 4.2 gigawatts in Q2, with 2.4 gigawatts from U.S. facilities and 1.8 gigawatts from international facilities [4][5] - The contracted backlog at the end of Q2 stood at 61.9 gigawatts, valued at $18.5 billion [29] - The company recognized 6.5 gigawatts in sales through Q2, with 0.9 gigawatts of gross bookings recorded in the first half of the year [28] Market Data and Key Metrics Changes - The company noted a strong demand for U.S. manufactured products, despite facing an under allocation of Series six production from Malaysia and Vietnam [32] - The total pipeline of mid to late-stage booking opportunities remains strong at 83.3 gigawatts [34] Company Strategy and Development Direction - The company is focused on expanding its U.S. manufacturing capacity, with projections to boost nameplate capacity to over 14 gigawatts by 2026 [5][6] - The recent reconciliation legislation is expected to strengthen the company's position by limiting foreign competition, particularly from Chinese manufacturers [10][11] - The company aims to leverage its vertical integration and proprietary technology to enhance resource efficiency and energy return on investment [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term outlook for the utility-scale solar industry, citing increasing electricity demand and the role of solar generation [26] - The company anticipates challenges from ongoing trade policy uncertainty, particularly regarding tariffs, but remains optimistic about its strategic position [56][57] Other Important Information - The company published its annual corporate responsibility report, highlighting efforts in resource efficiency and waste reduction [9] - The SEC concluded its inquiry into the company without recommending enforcement action [38] Q&A Session Summary Question: What is the current run rate for bookings? - Management noted that the bookings in July reflected a mix of factors, including safe harbor strategies and customer needs for certainty in supply chains [60][63] Question: What percentage of the backlog could be at risk due to potential changes in safe harbor language? - Management clarified that the executive order should not impact the legacy section 48 and section 45 ITC and PTC, which are safe harbor through 2028 [69][70] Question: Why hasn't the company tapped into its 2027 and beyond U.S. Series seven capacity? - Management indicated that pricing levels are being evaluated, and the company is being selective in its commitments to ensure full entitlement for products [75][78]

Financial Data and Key Metrics Changes - The company recorded 3.6 gigawatts of module sales in Q2 2025, exceeding the midpoint of previous forecasts [4] - Q2 earnings per diluted share were $3.18, surpassing the high end of guidance [4] - Gross margin for the quarter increased to 46%, up from 41% in Q1 [38] Business Line Data and Key Metrics Changes - Manufacturing output was 4.2 gigawatts in Q2, with 2.4 gigawatts from U.S. facilities and 1.8 gigawatts from international facilities [4][5] - The company recognized 6.5 gigawatts in sales through Q2, with a contracted backlog of 68.5 gigawatts valued at $20.5 billion as of December 31, 2024 [30] Market Data and Key Metrics Changes - The company experienced a net debooking of 0.2 gigawatts through June 30, 2025, primarily due to contract terminations [31] - The total pipeline of mid to late-stage booking opportunities remains strong at 83.3 gigawatts [36] Company Strategy and Development Direction - The company is focused on expanding U.S. manufacturing capacity, aiming for over 14 gigawatts by 2026 [5] - The recent reconciliation legislation is expected to strengthen the company's position by limiting foreign competition, particularly from Chinese manufacturers [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term outlook for U.S. energy demand and the company's leadership in solar manufacturing [57][58] - The company anticipates challenges due to ongoing trade policy uncertainty, particularly regarding tariffs [56] Other Important Information - The company published its annual corporate responsibility report, highlighting efforts in resource efficiency and waste reduction [8][9] - The SEC concluded its inquiry into the company without recommending enforcement action [42] Q&A Session Summary Question: What is the current run rate for bookings and pricing power? - Management noted that the bookings in July reflected a mix of factors, including safe harbor strategies and customer needs for certainty in supply chains [60][63] Question: What percentage of the backlog could be at risk due to potential changes in safe harbor language? - Management clarified that the executive order should not impact the legacy section 48 and section 45 contracts, which are safe harbor until 2028 [69][72] Question: Why has the company not tapped into 2027 and beyond U.S. Series seven capacity? - Management indicated that pricing levels are being evaluated, and they are strategically managing inventory to reduce costs associated with warehousing [76][80]

Part of that warning came yesterday, as you mentioned, from Canada, which now plans to recognize the state of Palestine during the UN General Assembly in September. Canadian Prime Minister Mark Carney made that announcement yesterday. It comes one day after the United Kingdom said it would do the same, barring a ceasefire in Gaza.Last week, French President Emanuel Macron said his country also will recognize Palestine. President Trump's special envoy to the Middle East is said to travel to Israel to discuss ...