US tariffs prompt Toyota profit warning
US tariffs prompted Japanese auto giant Toyota on Thursday to cut its annual net profit forecast by 14 percent. The world’s largest automaker by vehicle sales now expects a net profit of 2.66 trillion yen ($18.06 billion), down from 3.1 trillion yen previously forecasted. “Due to the impact of US tariffs and other factors, actual […]
Siemens warns US tariffs causing investment caution
Siemens warned on Thursday that US tariffs were prompting its customers in key sectors to slow investment decisions, even as the German industrial giant reported forecast-beating quarterly profits. The group booked net profits of 2.2 billion euros ($2.6 billion) from April to June, up five percent from a year earlier, as strong orders at its […]
New tariffs could raise home prices and sideline potential buyers
The U.S. housing market was already struggling under the weight of high mortgage interest rates, a low supply of existing homes for sale and historically high home prices. Now tariffs on building materials are adding even more pressure. About 30% of softwood lumber consumed in the U.S. is imported, largely from Canada. Wallboard, known as gypsum, is […]
