Friday, April 25

Tag: finance

Tariffs will make sneakers, jeans and almost everything Americans wear cost more, trade groups warn

Sending children back to school in new sneakers, jeans and T-shirts is likely to cost US families significantly more this fall if the bespoke tariffs President Donald Trump put on leading exporters take effect as planned, American industry groups warn. About 97 per cent of the clothes and shoes purchased in the US are imported, predominantly from Asia, the American Apparel & Footwear Association said, citing its most recent data. Walmart, Gap Inc., Lululemon and Nike are a few of the companies that have a majority of their clothing made in Asian countries. A worker sews a garment at Pro Sports factory in Nam Dinh province, Vietnam (AP) Those same garment-making hubs took a big hit under the president's plan to punish individual countries for trade imbalances. ...

Mark Zuckerberg joins exclusive $300 billion club, is second-richest person in world

Mark Zuckerberg's wallet keeps getting fatter. The Meta CEO is now the second-richest person in the world, overtaking Jeff Bezos and Bernard Arnault. With a personal fortune of $US206 billion ($303 billion), according to recent figures from Bloomberg's Billionaire Index, he now only trails Elon Musk. Mark Zuckerberg joins exclusive $200 billion club, is second-richest person in world (CNN) Recent figures from Bloomberg's Billionaire Index show Zuckerberg has grown his personal fortune by a whopping $US78.1 billion ($114.9 billion) in 2024. He joins an elusive US$200 billion ($294 billion) club that only counts two other members. That includes Musk ($376 billion), the CEO of Tesla and X, and Bezos ($301 billion), the founder of Amazon. Arnault, the CEO of l...
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