Investing.com -- The United States will reduce its reciprocal tariff rate to 19% on imports from Bangladesh as part of a new trade agreement, the White House announced Monday.
The agreement includes commitments from both nations to address non-tariff barriers in Bangladesh, according to the White House statement.
Additionally, the U.S. will establish a mechanism allowing certain textile and apparel goods from Bangladesh to receive zero tariffs, potentially boosting... (continue reading...)
Investing.com -- Converse employees have been instructed to work from home this week as the Nike Inc.-owned brand implements strategic changes aimed at recapturing sales growth, according to Bloomberg report Monday.
The memo from Converse CEO Aaron Cain outlined that the changes will include new roles and team moves for some staff members. Cain also noted that the company "had to make difficult decisions" which will involve "saying goodbye to friends and teammates."
This... (continue reading...)
Investing.com -- The U.S. dollar has recently staged a partial recovery from its previous lows, yet the trade-weighted DXY index remains down approximately 9% over the past year. Despite this slide, CIBC economist Avery Shenfeld suggests that the narrative of a currency in free fall is largely overstated by market speculators.
"US Google searches for ’dollar debasement’ remain elevated, and there’s still a degree of market chatter," Shenfeld noted in a recent CIBC... (continue reading...)
Investing.com -- Virtuix Inc. (NASDAQ: VTIX), the maker of full-body virtual reality systems, believes its AI-driven virtual terrain technology could unlock significant opportunities in the defense sector, CEO and founder Jan Goetgeluk told Investing.com in an exclusive interview.
The Austin-based company, known for its “Omni” omni-directional treadmills, allows users to walk and run naturally inside virtual worlds. Its products are in use across consumer, enterprise,... (continue reading...)
Investing.com -- Americans became less concerned about inflation and more optimistic about job prospects in January, according to a report released Monday by the Federal Reserve Bank of New York.
The bank's Survey of Consumer Expectations revealed that one-year inflation expectations dropped to 3.1% in January from 3.4% in December. Three-year and five-year inflation expectations remained steady at 3%.
The labor market outlook improved as respondents reported a lower... (continue reading...)
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