There's a lot of pent-up demand for new homes, but homebuilders are facing a combination of high interest rates, labor shortages and tariffs on construction materials.
Kraft Heinz just announced plans to invest $3 billion in its U.S. plants. But companies that make clothes and toys, which have low margins and are difficult to produce with robots, will have a harder time relocating.
The U.S. and China have agreed to temporarily rollback on some tariffs. Adam Posen, president of the Peterson Institute for International Economics, puts today’s deal into context.
Despite the collapse of the Francis Scott Key Bridge last March, the Port of Baltimore reported its second-best year ever in 2024. But as expectations for 2025 waver, Sue Monaghan is trying to keep calm and carry on.
Canada and the Northwest U.S. act as one to support the blueberry business, worth hundreds of millions of dollars. But tariffs could disturb that relationship.
Copper prices rose rapidly a few weeks ago, ahead of further tariff announcements. But the metal ended up on a short list of goods exempted from import taxes.